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Sports money

  • Derby County takeover: Buyer Chris Kirchner exchanges contracts on deal for football club

    Rams rescued

    Prospective Derby County owner Chris Kirchner says he has exchanged contracts on a takeover of the football club. Kirchner has been locked in talks for months with administrators, stadium owner Mel Morris and the English Football League over a deal. If completed, the transaction would bring to an end the crisis at one of the [...]

  • Aramco Team Series: Belgium’s Manon De Roey breaks Ladies European Tour duck in Bangkok

    Golf

    Belgium’s Manon de Roey has had to be patient, but her maiden win on the Ladies’ European Tour was worth the wait.  The 30-year-old, who first joined the tour in 2016, broke her duck in style by winning the individual title at the first $1m Aramco Team Series event of the season in Bangkok on [...]

  • Major League Baseball to consider increasing number of London games to three or four

    Home from home run

    Major League Baseball could increase the number of games per season that it stages in London after it stepped up its commitment to the capital. MLB made its UK debut in 2019 with a double header at the London Stadium that the competition’s chiefs deemed a great success. It confirmed this week that it is [...]

  • LIV Golf will pay fines and legal costs for players who defy tours, says boss Greg Norman

    May 11, 2022

    Greg Norman says LIV Golf will ensure players are not financially penalised if they defy the main men’s tours and play in the new series of big-money tournaments. Norman, the chief executive and commissioner of Saudi-backed LIV Golf, has pledged to cover any fines that players incur and fund legal action to repeal any bans [...]

  • LIV Golf boss Greg Norman blasts PGA Tour for refusing to release players for London event

    May 11, 2022

    Greg Norman, the head of the big-money LIV Golf Invitational Series, has criticised the PGA Tour for refusing to release its players for the inaugural event in London next month. England’s Lee Westwood and six-time major winner Phil Mickelson are among the stars to have asked to be released by the PGA Tour, which said [...]

  • Alexandra Armas interview: Ladies European Tour chief on Aramco Team Series, growing prize money and selling women’s golf

    May 10, 2022

    Alexandra Armas, the former golfer now running the Ladies European Tour, concedes she feels mixed emotions as the season prepares to go up a notch in Thailand this week. There is satisfaction that this campaign will be the biggest and most lucrative yet in the tour’s history, with 34 events on a schedule that takes [...]

  • Manchester City win race to sign hot property Erling Haaland for knockdown £64m

    May 10, 2022

    Manchester City have won the race to sign one of world football’s hottest properties, Norway striker Erling Haaland, according to widespread reports. Haaland was also wanted by Real Madrid after scoring 85 goals in 88 games for German club Borussia Dortmund but has opted to move to England this summer. City are expected to pay [...]

  • Liverpool part-owner RedBird Capital Partners makes approach to buy AC Milan – reports

    May 5, 2022

    RedBird Capital Partners, the US investment firm with a minority stake in Liverpool’s owners, is interested in buying AC Milan, according to reports. RedBird has approached AC Milan’s owners, US hedge fund Elliott Management, about a possible deal for the Italian football club, reports Mark Kleinman for Sky News. Bahrain’s Investcorp had been expected to [...]

  • Ed Warner: The metaverse, Web3 and what it means for football club valuations

    May 5, 2022

    In this week’s column, Ed Warner delves into the metaverse’s possible ramifications for the business of sport and considers the latest twists in the Chelsea sale saga. It was the shoes that put me in my place. Queuing to enter the SportsPro Live jamboree at The Oval last week, I scanned the footwear of my [...]

  • Chelsea facing administration unless Roman Abramovich drops plans to call in £1.5bn debt

    May 4, 2022

    Chelsea owner Roman Abramovich will likely have to drop plans to call in his £1.5bn loan to the club or see it go into administration. Abramovich is reported to have scrapped an apparent previous commitment to write off the debt as part of the sale of the club. The sanctioned Russian oligarch is not allowed [...]

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