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Sport Business

  • Bayern Munich end £17m-a-year Qatari sponsor deal following fan protests

    June 28, 2023

    Bayern Munich have ended a long-standing sponsorship relationship with Qatar following sustained protests from some supporters. Germany’s most successful football club have sported Qatar Airways’ logo on their shirt sleeves since 2018 in a deal reported to be worth around €20m (£17m) a year.  That replaced a similar sponsorship agreement with Doha Airport, while the [...]

  • Women’s tennis gets financial boost as WTA Tour pledges more equal prize money events

    June 27, 2023

    The WTA Tour has announced plans for a major increase in the number of tennis tournaments that will pay equal prize money to women and men. From 2027, at least seven WTA 1000 events, the most important tournaments outside of the Grand Slams, will offer equal prize money, the tour said.  By 2030, all 10 [...]

  • Manchester United forecast record revenues as fans protest Glazers’ stalling on a sale

    June 27, 2023

    Manchester United chiefs expect to achieve record revenues of up to £640m this year after raising their guidance for investors. United’s revenue for the three months to March 2023 increased 3.5 per cent on the same period last year to £481.1m.  It comes after the 20-time English champions enjoyed a return to form on the [...]

  • Stormzy and Wilfried Zaha team up to buy hometown football club Croydon Athletic

    June 27, 2023

    Rapper Stormzy and Crystal Palace star Wilfried Zaha have agreed to buy their hometown football club, AFC Croydon Athletic. Stormzy and Zaha are part of a three-man consortium, which also includes former Palace kit man Danny Young, that has exchanged contracts for a takeover with the current ownership. No financial details have been disclosed and [...]

  • Racism, elitism and sexism ‘entrenched’ in English cricket, damning report finds

    June 27, 2023

    Racism is entrenched in English cricket and other forms of discrimination are widespread and deep-rooted, according to a damning report by the Independent Commission for Equity in Cricket (ICEC) published today. Half of more than 4,000 respondents said they experienced discrimination, with women “marginalised and routinely experiencing sexism and misogyny”, and “little to no focus [...]

  • Explained: What changes to transfer and loan rules mean for Premier League clubs

    June 26, 2023

    Big clubs such as Chelsea and Manchester City are unlikely to return to hoarding top talent and farming them out on loan despite the relaxation of post-Brexit transfer red tape. Chelsea turned recruiting promising players, loaning them out and ultimately selling for a profit into a fine art in the later years of Roman Abramovich’s [...]

  • Ryan Reynolds joins Wrexham co-owner and RedBird in buying stake in F1 team Alpine

    June 26, 2023

    Hollywood star Ryan Reynolds and RedBird Capital Partners, which has a stake in Liverpool’s owners, have invested in Formula 1 team Alpine. Otro Capital, Reynolds’ Wrexham AFC co-owner Rob McElhenney and their fellow actor Michael B Jordan, who owns a stake in AFC Bournemouth have also invested. The €200m (£171m) cash injection is for 24 [...]

  • Inside the PTO Tour: Triathletes plotting their own path, backed by a billionaire

    June 26, 2023

    Ibiza usually moves to the beat of its clubbing crowd but for one weekend last month it was a different Lycra-clad set working up a sweat: top triathletes, including Alistair Brownlee, Lucy Charles-Barclay and Kristian Blummenfelt. In the shadow of world-famous nightclubs like Pacha, some of the sport’s biggest names took on a 100km swim-bike-run [...]

  • Boost for the Hundred as England cricket chiefs close in on new headline sponsor

    June 25, 2023

    The Hundred is set for a major boost, with the England and Wales Cricket Board understood to be close to announcing a new headline sponsor for the competition. A multi-year deal with a brand that has not previously been involved in cricket is being finalised and there is optimism that it will be signed this [...]

  • Arteta: Arsenal must strengthen to challenge Manchester City next year

    June 25, 2023

    Arsenal manager Mikel Arteta has said his side will need to strengthen if they’re to challenge Manchester City for the Premier League next season. Arsenal topped the table for much of the season but dropped points towards the business end, and combined with a 4-1 defeat to Manchester City in April. were pipped to the [...]

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