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Sports money

  • Tottenham Hotspur sign 15-year partnership with Formula 1, strengthening US links

    February 28, 2023

    Formula 1 and Tottenham Hotspur chiefs are building an electric karting track under the Premier League club’s stadium as part of a new long-term partnership. The facility, due to open this summer, will be London’s longest indoor track and the first electric karting circuit in the world to be housed in a sports stadium. Tottenham’s [...]

  • Football regulator WILL have more powers to investigate club owners but WON’T block takeovers linked to Saudi Arabia or Qatar, says sport minister Stuart Andrew

    February 23, 2023

    The incoming independent football regulator will be given wider powers to investigate prospective owners – but will not block takeovers by Saudi Arabia or Qatar. A regulator will have more scope to look into the backgrounds of would-be buyers of English teams, similar to the checks in place in financial services. “We are looking at [...]

  • BT Sport to become TNT Sports: Here’s what it means for price, programming and existing customers

    February 21, 2023

    BT Sport is to be rebranded as TNT Sports in the first major development of the joint venture between BT Group and Warner Bros Discovery. Under the rebrand, which will take place in July, programming will stay largely the same, with TNT Sports remaining centred around live Premier League and Champions League football, domestic and [...]

  • Wales coach Warren Gatland calls for compromise as strike threatens England Six Nations match

    February 21, 2023

    Wales rugby coach Warren Gatland has called on his players and the country’s union to compromise in a contract stand-off that has cast doubt on Saturday’s Six Nations match with England. Gatland cancelled a training session and delayed naming his team for the weekend fixture as a result of the row, and insists that the [...]

  • Manchester United bidders want public statement from Glazers to show they are serious about selling the club

    February 20, 2023

    Manchester United suitors want the Glazer family to go public with their plans for the club and quell concerns that they are not serious about a possible £5bn sale.  British billionaire Sir Jim Ratcliffe and Sheikh Jassim Bin Hamad Al Thani of Qatar both confirmed submitting bids to buy the Premier League club last week, [...]

  • Ed Warner: The European Super League isn’t dead yet – and it’s because of the Premier League

    February 16, 2023

    “Laughable”, “all hot air”, “flimsy”, a “walking corpse”. So has English football, on a mostly unattributable basis, dismissed the attempt to breathe new life into the European Super League concept which unraveled so swiftly and spectacularly two years ago. But sat on this side of the English Channel, we would say that, wouldn’t we? Is [...]

  • Barcelona deny wrongdoing after £1m referee payments allegations emerge on eve of Manchester United tie

    February 15, 2023

    Barcelona have strenuously denied any wrongdoing on the eve of their Europa League meeting with Manchester United after it emerged they paid a referees’ chief more than £1m.  Spanish media reported that the club’s payments to Jose Maria Enriquez Negreira were being investigated by local prosecutors over possible tax irregularities. Barca said the fees paid [...]

  • Everton investment blow as MSP Sports Capital switches focus to £3.1bn Tottenham Hotspur takeover

    February 15, 2023

    Everton’s hopes of securing investment have suffered a blow after US private equity fund MSP Sports Capital reportedly turned its attention to a takeover of Tottenham Hotspur. MSP held talks about buying a minority stake from Everton majority shareholder Farhad Moshiri, who is seeking investment to help the cash-strapped club fund its new stadium build. [...]

  • Castore co-founder Tom Beahon on shelving IPO plans, bucking the Brexit trend by expanding in Europe, and the Andy Murray-backed sports brand’s first shoe launch

    February 15, 2023

    At a time when Brexit has caused some British businesses to retreat from Europe, fast-growing premium sportswear brand Castore is eager to buck the trend. The company, founded by former City boys Tom and Phil Beahon and which counts Andy Murray among its investors, has opened a distribution centre in the Netherlands and is increasingly [...]

  • Manchester United sale: Saudi Arabia and US consortium set to rival Sir Jim Ratcliffe and Qatar in £5bn takeover battle

    February 14, 2023

    Suitors from Saudi Arabia and the US are set to go up against Sir Jim Ratcliffe and a Qatari bid in the battle to buy Manchester United, City PM understands. The bank handling the sale, the Raine Group, has set a deadline of Friday for offers to be made to United’s owners, the Glazer family. [...]

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