Manchester United owner Avram Glazer buys cricket team in new UAE T20 league December 1, 2021 Manchester United owner Avram Glazer has succeeded in buying a cricket franchise at the second attempt after snapping up a team in the new United Arab Emirates Twenty20 league. Glazer, through his private equity company Lancer Capital, was outbid in an auction for two new franchises in the Indian Premier League, the world’s leading T20 [...]
Ed Warner: Select committees are ultimately toothless November 25, 2021 The political pile-on has been swift. But although they secured detailed testimony on cricket racism under the cloak of parliamentary privilege, MPs show no signs of learning from the futility of their past hearings into sporting crises. It needn’t be so. I’ve had the dubious honour of appearing before three Westminster select committees down the [...]
Channel 4 to broadcast live Betfred Super League November 24, 2021 Live Super League will be broadcast on free-to-air television for the first time in its 26-year history on Channel 4.
Record £3.2bn in private equity deals for sports teams as funds target football, rugby and F1 November 22, 2021 The last twelve months saw a record £3.2bn of sports team acquisitions by private equity funds, almost treble last year’s total, as they targeted football, rugby and Formula 1 teams, according to new data shared with City PM this afternoon. Last year saw an all-time high of 11 PE purchases of stakes in sports teams [...]
Premier League on rocky road with plans to regulate sponsorship deals in wake of Newcastle takeover November 18, 2021 The recent takeover of Newcastle United by the Saudi Arabia’s Public Investment Fund created quite a storm – both in the media and, according to reports, the other Premier League clubs. Since the introduction of so-called financial fair play regulations at the start of season 2013-14 – known as the Profitability and Sustainability Rules in [...]
Ed Warner: Sewing ruling bodies together is not always the answer November 18, 2021 I’m a late adopter of LinkedIn, only joining this summer as a means of promoting Sport inc. Compiling my profile, I paused for just a second before deciding not to include my inglorious 52 days as interim chair of the British Basketball Federation back in 2018. On Sunday, as the T20 World Cup neared its [...]
Exclusive: Sportradar signs major new NBA betting data deal November 17, 2021 Sports data giant Sportradar has continued its spree of major deals by signing a new contract with the NBA until 2031, City PM can reveal. The agreement, announced today, will see the Swiss company provide betting data to the world-leading basketball competition on an exclusive basis. The eight-year deal extends Sportradar’s current arrangement with the [...]
Chelsea Digital Ventures: The tech business spun out of a football club November 17, 2021 Look closely next time Romelu Lukaku or Pernille Harder takes a mid-match drink and you may notice something that marks Chelsea out from other football clubs. Because instead of taking a swig from a bottle of Lucozade, or another well known sports hydration brand, players at the west London club have their own in-house product. [...]
British No1 Makin targeting triumph in his 100th senior squash tournament November 16, 2021 British No1 squash player Joel Makin is hoping to go all the way at this year’s Canary Wharf Classic when he plays his opening match against Saurav Ghosal tonight. The 27-year-old Welshman will be playing his 100th senior tournament after a solid series of results in recent months that has seen him reach the final [...]
Squash Classic in full flow as director Garner aims for lasting legacy November 15, 2021 Penned into a glass box, four see-through walls surrounding you and a live audience on three sides. To many people, that would be the stuff of nightmares. But for the world’s best squash players, it’s one of the crown jewels of the year. Now into its 18th edition, the Canary Wharf Classic has grown from [...]
