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 [...]
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 [...]
Chelsea owners caught in backlash over investment in French club Strasbourg June 22, 2023 Chelsea and co-owner Todd Boehly are facing a backlash from Strasbourg supporters as they close in on a deal to buy a large minority stake in the French football club. Confirmation is said to be imminent that the Blues have acquired a shareholding of around 40 per cent in the team from Alsace. Strasbourg would [...]
Ed Warner: Rugby, boxing, netball, Para sport – what should Saudi Arabia buy next? June 22, 2023 Challenge accepted! A reader last week asked what the most investable sports worldwide are from the perspective of a sovereign wealth fund such as Saudi Arabia’s PIF. He had rugby union in mind, but wanted a long train journey to dredge up others. A return trip on Avanti West Coast to the first Ashes Test [...]