What is the cost of relegation from the Premier League? May 27, 2023 The cost of relegation from the Premier League has been called “the biggest financial jeopardy in world football” and this weekend Everton, Leicester City and Leeds United will be locked in a battle to avoid it. Two of those three teams will drop out of the richest domestic competition in the sport and into the [...]
It’s time to ditch the Monaco Grand Prix from Formula 1 May 26, 2023 It’s that time of year again when the super rich scramble for the best spot in Monaco’s Port Hercule – many of whom aren’t there to watch some of the world’s best Formula 1 drivers, but to simply say they were there. The super yachts line up like sardines in an overpriced tin, paying for [...]
LaLiga attempts to keep sponsors onside amid Vinicius racism controversy May 25, 2023 Under-fire LaLiga president Javier Tebas has approached sponsors in a bid to prevent them fleeing amid the Vinicius racism crisis engulfing Spanish football. Tebas has been criticised for his handling of racism in the stands and the Real Madrid star’s claim that LaLiga “belongs to racists” after repeated episodes of discrimination. LaLiga’s main sponsor is [...]
Parachute payments uncertainty clouds the future of football’s richest game May 25, 2023 When Luton Town and Coventry City collide in Saturday’s Championship Play-Off Final there will be more than just glory at stake; both teams stand to make a minimum of £170m if they achieve promotion to the Premier League. It is a prize that has earned the traditional end-of-season fixture the tag of football’s richest game. [...]
Ed Warner: Football should offer players amnesty in wake of Ivan Toney betting ban May 25, 2023 This week Ed Warner examines what Ivan Toney’s betting ban means for football, the eye-watering cost of tickets for the Paris 2024 Olympics, and a nuanced take on the trans debate in sport. If you stick a betting company logo on a young man’s shirt, beam his image around the world for 90 minutes every [...]
ECB insist The Hundred has future despite managing director exit May 23, 2023 The England and Wales Cricket Board have said there is still a future for The Hundred despite the competition’s managing director Sanjay Patel was announced as leaving the organisation. Patel will step down from the franchise competition at the end of this year’s season, the third since its inception. Richard Gould, ECB chief, said: “I’d [...]
Who has Premier League’s biggest and smallest wage bill? (Look away Chelsea fans) May 23, 2023 Chelsea’s lavish spending since their takeover by Todd Boehly’s consortium has seen them amass the biggest wage bill in the Premier League, according to new research. The Blues’ estimated payroll for this season totalled £216m, an increase of 18.3 per cent or more than £33m on the previous campaign. That saw their salary costs overtake [...]
Chelsea co-owner makes ‘game changing’ investment in pro squash circuit May 23, 2023 Chelsea co-owner and LA Dodgers chairman Mark Walter has announced a major investment in professional squash that the sport’s bosses have hailed as “a game changer”. The businessman has acquired a stake in Squash Media & Marketing with the intention to promote the sport to a global market. This comes months after Morning Wire revealed [...]
Major Welsh rugby sponsor pulls out amid WRU financial deal with clubs May 22, 2023 A major sponsor of Welsh rugby has withdrawn its backing of clubs in the country in what appears to be a stark warning against the Welsh Rugby Union. Oil 4 Wales will step away from rugby until the funding strategy recently announced for the four professional regions is redesigned. The company has links to all [...]
Everton in exclusivity agreement with with MSP Sports Capital May 22, 2023 Struggling Premier League club Everton have reportedly entered into an exclusivity agreement with MSP Sports Capital surrounding a potential £600m sale of the Toffees, Morning Wire understands. Sean Dyche’s men are currently laying towards the bottom of the Premier League with one game – at home to Bournemouth next Sunday – remaining in their campaign. [...]