SailGP, rugby and PJL: Inside the new £50m budget sporting asset class Sport Business With big money tickets ever harder to find, investors are looking far and wide for their next affordable investment. Big-money takeovers will always catch the eye; whether that be the multi-billion-pound purchase of Chelsea by a Todd Boehly-fronted consortium from Roman Abramovich, the £1.3bn takeover of Indian Premier League team Royal Challengers Bengaluru by a [...]
Frank McCourt-backed Premier Jumping League raises £37m from first team sale Sport Business The Premier Jumping League has raised $50m (£38m) from the first sale of a team in the new showjumping competition backed by former LA Dodgers owner Frank McCourt. The team, which will be one of 16 in the PJL when it launches next year, has been bought by US investor and racing driver Jason McCarthy. [...]
Marseille owners back $300m prize equestrian Premier Jumping League Sport Business The owner of French football giants Marseille has backed a new showjumping league offering $300m in prize money. Premier Jumping League launched this week with plans to revolutionise a sport often associated with an older, richer demographic. Backed by former Dodgers and current Ligue 1 club Olympique de Marseille owners McCourt Global, the new competition [...]