FINANCE & LAW PORTAL
Mike Dee on the new brand and future plans of Audacy
In this week's episode of the SportBusiness Finance Weekly podcast, co-hosts Eric Fisher and Chris Russo interview Mike Dee, president of sports for Pennsylvania-based multiplatform audio company Audacy, which recently rebranded from its prior identity of Entercom. Eric and Chris also discuss Endeavor's revived efforts to go public, a major fundraising round for the developer of NBA Top Shot, and DraftKings' acquisition of the Vegas Sports Information Network (VSiN).
Private equity investment raises question of control for governing bodies
As more private equity companies are investing in governing bodies and federations in sport, Frank Dunne looks whether such investments can raise concerns about the balance of power between investors and recipients.
Ken Goldin on the historic boom in sports trading cards and collectibles
In this week's episode, podcast co-hosts Eric Fisher and Chris Russo interview Ken Goldin, founder and chairman of New Jersey-based Goldin Auctions. Eric and Chris also discuss the recent fundraising round for sports merchandising giant Fanatics and venue naming rights deals in Miami, Florida, and New Orleans, Louisiana, and further unpack the National Football League's landmark set of domestic media rights agreements.
Sportradar boosts cricket business with InteractSport acquisition
Sports data and betting company Sportradar is aiming to increase its presence in cricket with the acquisition of InteractSport, a sports data and technology company based in Melbourne, Australia
Madrid to host 2023 European Athletics teams event after ‘normal’ bid process
European Athletics has announced that Madrid has been awarded the 2023 edition of the European Athletics Team Championships Super League
Adidas upgrades outlook as DTC business takes off, major events to boost sales
Sportswear manufacturer Adidas has upgraded it full-year outlook after a strong first quarter in 2021
Shared Hockey Enterprises acquires NWHL’s Connecticut Whale
The National Women’s Hockey League's Connecticut Whale has been acquired by Shared Hockey Enterprises, which is led by Tobin Kelly, a mergers and acquisitions specialist with strong ice hockey ties.
Webinar replay | The opportunities for private equity in European football
Private equity houses have been examining a host of league investment opportunities across European football with Serie A, Bundesliga and La Liga all reported to be examining the idea of selling stakes…
“There’s a value opportunity” | Why investors are circling Serie A
As Serie A weighs up six proposals from private investors, Ben Marlow, managing director, Asia Pacific, for football consultancy firm 21st Club, explains the sudden interest in the league and tells editorial…
Cricket Beyond Covid | Connor, Gould and McCrum on the postponement of The Hundred
In part 2 of our cricket roundtable interview with Clare Connor, managing director of Women's cricket at the ECB, Jake Lush McCrum, chief operations officer for the Rajasthan Royals and Richard Gould,…
Just Women’s Sports garners $3.5m in seed funding
Female-focused media outlet draws star-studded group of investors
Mercedes shrugs off impact of Covid-19 to report profit
Formula 1 team Mercedes-AMG Petronas has pointed to the diversity of its income streams as it posted relatively minor reductions in revenue and profit for the 2020 financial year during Covid-19
Six Nations to remain on Irish free-to-air TV during CVC era
Live coverage of rugby union’s Six Nations Championship is poised to return to Irish public-service broadcaster RTÉ following a deal struck with tournament organisers and incumbent rights-holder Virgin Me…
ITV ‘not interested’ in pursuing BT Sport takeover talks
UK commercial broadcaster ITV has ruled itself out of investing in BT Sport, the pay-television sports arm of the UK telco, it is understood
Recast development drive buoyed by $8.2m Series A investment
Fledgling UK-based direct-to-consumer video platform Recast has raised $8.2m (£5.8m/€6.8m) in a Series A round of investment, funds it will use to continue its development and push into new markets.
Ovechkin joins high-profile Washington Spirit investment group
Washington Capitals star captain Alex Ovechkin has become the latest high-profile investor of National Women's Soccer League team Washington Spirit
Wilf family ‘on brink’ of purchasing Orlando City, Pride
The Wilf family, who are majority owners of the National Football League’s Minnesota Vikings, are reportedly on the brink of purchasing Major League Soccer team Orlando City SC.
Failure of EFL salary cap points to need for cooperation and pragmatism
Toby Duthie, founding partner of accounting and consulting firm Forensic Risk Alliance and Matthew Coomber, associate with the firm, say there is a clear opportunity to change governance in English football and secure the long-term financial health of the game
Ben Cronin | Bruin partnership burnishes CVC’s appeal to sport
SportBusiness Europe editor Ben Cronin argues CVC's 2019 strategic partnership with Bruin Sports Capital points at how the private equity firm might seek to extract value from its new investments in volleyball and the Six Nations rugby tournament
Lisa Baird details the future pathway for the NWSL
In this week's episode, podcast co-hosts Eric Fisher and Chris Russo interview Lisa Baird, commissioner of the National Women's Soccer League. Eric and Chris also discuss the National Football League's landmark set of domestic media rights agreements, a pair of large-scale industry pacts for National Basketball Association superstar LeBron James, and the return to video gaming for golf icon Tiger Woods.
“It’s not in our DNA to give up” | Why Sacramento remains positive about securing MLS slot
Todd Dunivant, Sacramento Republic's general manager and new president, speaks to SportBusiness about the devastating impact of Ron Burkle's decision to withdraw financial backing for the city's MLS expansion team and efforts to revive the project.