Finance & Law
Endeavor posts Q3 revenue rise, talks up betting operations for 2024
Sports and entertainment conglomerate Endeavor has positioned OpenBet and its wider betting operations as key revenue drivers for the group in 2024, but insists IMG Arena will remain "number three" in…
LimeLight enters administration after sale of mass participation unit
UK sports marketing group LimeLight Sports Ltd has entered into administration after more than 30 years of trading
TKO posts mixed results in first quarterly earnings
TKO Group, the new Endeavor-owned public company created by the merger of Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE), has announced mixed results in its first quarterly…
Legends acquires ASM Global in major live events space consolidation
Sports and entertainment company Legends has acquired US venue management company ASM Global as it looks to become the dominant player in the live events management and hospitality space
Diamond Sports settles with NBA, rights to hit 15 local markets in 2024
A spate of local market National Basketball Association team media rights will hit the market next year after the league and Diamond Sports Group, the largest owner of regional sports networks (RSNs),…
Zilliacus prepares Inter Milan bid after raising $2.5bn
Finnish entrepreneur Thomas Zilliacus has announced that he has raised $2.5bn (€2.33bn) through his investment company XXI Century Capital and is ready to launch a bid to buy Inter Milan.
Saudi Arabia ‘interested’ in central IPL investment
Saudi Arabia has expressed interest in expanding its investment in sport to include cricket’s Indian Premier League (IPL) and has spoken to the Indian government about the possibility of investing up t…
F1’s Q3 revenues jump to $887m, São Paulo GP extended to 2030
Formula 1’s revenue for the third quarter of 2023 rose to $887m (€829m), with the figures boosted by increased media rights and sponsorship fees, as well as one extra race compared to the same period in 2022.
Viaplay, TV2 settle Premier League clips case out of court
Subscription broadcaster Viaplay and its Norwegian commercial rival TV2 have settled their legal dispute out of court over the use of clips from English Premier League matches
DraftKings Q3 revenue up 57 per cent, net loss shrinks
DraftKings has announced a 57-per-cent jump in revenue in the third quarter to $790m (€744m).
Paramount+ not actively looking at more sports rights as subscriptions reach 63m
Paramount Global's streaming service Paramount+ netted 2.7 million subscribers in the quarter to bring the total to 63 million as the direct-to-consumer service's revenue increased 38 per cent year-over-year
RedBird ponders Toulouse FC sale as Uefa hones in on multi-club ownership
RedBird Capital's ownership of Ligue 1 club Toulouse FC could be the first casualty of Uefa's new clampdown on multi-club ownership in European football
Liga Forte União sells off 20 per cent of media rights to 2075, targets Libra pact
Liga Forte União (LFU), a group of 25 Brazilian football clubs, has announced the sale of 20 per cent of its broadcast rights for the next 50 years for R$2.6bn (€494m/$525m), in what represents one of the most significant developments in the sport's history in the country.
Workforce cut by 10 per cent as Sportradar enacts cost-cutting measures
Sports data and betting services company Sportradar is cutting its global workforce by 10 per cent amid a downturn in third-quarter profits
NHL’s Coyotes seek $18m from Diamond Sports Group
The National Hockey League's Arizona Coyotes is seeking $17.9m (€16.8m) from Diamond Sports Group (DSG), the owners and operators of Bally Sports Network regional sports networks.
Gold family preparing to sell 10-per-cent stake in West Ham United
Vanessa Gold, daughter of late West Ham United co-chairman David Gold, is preparing to sell a stake of around 10 per cent in the Premier League club
Rugby World Cup boosts TF1’s financial results
French commercial broadcaster TF1 has pointed to the impact of a home Rugby World Cup (RWC) as group net profit and revenue for the media segment of the company rose year-on-year for the third quarter.
Real Madrid seeks extra €360m to complete stadium rebuild
Spanish LaLiga club Real Madrid has called an extraordinary meeting of its members for next month to approve new loans to complete the redevelopment its Santiago Bernabeu stadium