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Sport Business

  • Diageo mull $2bn sale of IPL side Royal Challengers Bengaluru

    June 10, 2025

    Beverage giant Diageo is mulling a potential sale of its Indian Premier League (IPL) side Royal Challengers Bengaluru. The reigning IPL champions – whose roster this year featured the likes of England’s Phil Salt, Liam Livingstone and Jacob Bethell, as well as Australians Tim David and Josh Hazlewood – are owned by United Spirits, a [...]

  • Leclerc launches ice cream brand LEC into £1.4bn UK market

    June 10, 2025

    Ferrari Formula 1 driver is aiming to overtake new competitors as he enters the UK ice cream market. The 27-year-old founded LEC, a light ice bream brand, in 2024 and is now aiming to break into an industry worth £1.4bn on these shores. The driver is launching with an initial five flavours – Swirly Pistachi-oh, [...]

  • Ball in Chancellor’s court as LTA waits on support for covered courts project

    June 10, 2025

    While grass court season unfolds, Britain’s tennis chiefs at the LTA have another project on their hands: unlocking government funding to build the covered courts the country lacks. As the eyes of the tennis world turn towards London, hopes are understandably high for the home contingent at Queen’s Club and Wimbledon. Jack Draper has broken [...]

  • BHA cyber attack: British Horseracing Authority forced to close office

    June 10, 2025

    The British Horseracing Authority (BHA) insists that the UK’s schedule of meets will not be affected after hackers launched a cyber attack on the sport’s governing body. BHA staff have been asked to work from home or remotely after the attack forced the organisation to temporarily shut its London head office, according to reports. It [...]

  • Alcaraz French Open final win earns TNT Sports record viewing figures

    June 10, 2025

    Carlos Alcaraz’s thrilling French Open fightback over Jannik Sinner on Sunday produced the UK’s highest ever viewing figures for a Roland Garros final on TNT Sports or predecessor Eurosport. City PM has learned that TNT Sports’ audience reach was over 1m as Alcaraz closed in on his stunning fifth-set tie-break victory over the world No1, [...]

  • Club World Cup tickets: Chelsea fans say Fifa shot themselves in foot

    June 10, 2025

    Will the first expanded Club World Cup be a success or did Fifa bungle the ticket sales irreparably? City PM asked two Chelsea fans who are spending thousands to attend. For lifelong Chelsea fan John Hand, 62, a trip to the Club World Cup has been several years in the making. “When we won the [...]

  • R360 rugby project fully funded and profitable after a year, say insiders

    June 9, 2025

    The breakaway R360 global club rugby competition has already secured the funding to launch in 2026 and is targeting a profit in its second year, sources close to the ambitious project have told City PM. Organisers of R360 intend to change the face of the sport through franchise ownership, attracting brands not traditionally associated with [...]

  • WhatsApp, Google, Adobe, YouTube investor group buys into US cricket

    June 9, 2025

    Silicon Valley figures from Adobe, YouTube, Google, WhatsApp and Dropbox are among those to have invested in Major League Cricket (MLC) franchise the San Francisco Unicorns. They join figures from TV show The Big Bang Theory, Yodlee, and Menlo Ventures in going into sports ownership. Shantanu Narayen, chairman and chief executive at Adobe, is among [...]

  • Ait-Nouri joins Man City as club splurge ahead of Club World Cup

    June 9, 2025

    Man City’s rebuild is set to cost another £65m with Pep Guardiola’s side completing one of two hopeful new signings ahead of the Club World Cup. The Manchester club last week confirmed the signing of Dutch midfielder Tijjani Reijnders from AC Milan for £46.3m but on Monday landed Algeria international Rayan Ait-Nouri (£31m) from Wolves. [...]

  • Spurs open talks with Brentford over £10m move for Frank

    June 9, 2025

    Spurs are edging towards a replacement for Ange Postecoglou after opening talks with Brentford over head coach Thomas Frank. Tottenham Hotspur sacked Australian Postecoglou just over two weeks after he led them to Europa League glory and Champions League qualification in his second season. And the north London club have their eyes set on the [...]

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