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Sports money

  • Tokyo 2020 Olympics could still be cancelled, says Games chief

    July 20, 2021

    Tokyo 2020 Olympics chiefs say they have have not ruled out cancelling the Games at the last minute. With just three days until the opening ceremony, the head of the Tokyo Organising Committee, Toshiro Muto, said a late U-turn remained an option. Covid-19 cases have already hit the athletes’ village and continue to rise in [...]

  • Burnley sign spread betting and trading platform Spreadex as main sponsor on one-year deal

    July 20, 2021

    Burnley have signed up spread betting and financial trading platform Spreadex as their main shirt sponsor for next season. The one-year deal will see the company’s sports fixed odds and spread betting arm, Spreadex Sports, replace Chinese brand LoveBet as principal partner. Spreadex is understood to be paying slightly less than LoveBet, whose £7.5m deal [...]

  • Newcastle takeover bid kicked into the long grass as arbitration adjourns hearing into Saudi Arabia-backed £300m offer

    July 20, 2021

    The prospects of a £300m Saudi takeover of Newcastle United appear to be receding after a legal bid to overcome Premier League objections was delayed. An arbitration hearing was adjourned until next year “due to issues with the disclosure of evidence”, the club and league said in a joint statement. It means that Magpies fans [...]

  • Toyota pulls Olympic related TV ads in Japan on eve of Games amid public opposition to Tokyo 2020 going ahead

    July 19, 2021

    Major Olympic sponsor Toyota says it will not air Tokyo 2020-related TV advertising in Japan during the Games amid negative public sentiment towards the event. The Japanese car-maker has also decided not to send any executives to the opening ceremony, which takes place on Friday. More than half of Japanese are opposed to the delayed [...]

  • Man City owner raises almost half a billion to fund further expansion – reports

    July 16, 2021

    City Football Group, the owner of Manchester City and a host of other clubs across the world, has raised almost half a billion-worth of debt capital according to reports this morning. The Group has raised $650m (£470m) to finance international ambitions, according to sources who spoke to the Financial Times. The seven-year package has been [...]

  • The Open prize money 2021: Players in line for record sums at Royal St George’s as payouts continue to rise

    July 16, 2021

    The biggest names in men’s golf are playing for record levels of Open prize money this week at Royal St George’s. Organisers of the world’s oldest tournament have laid on extra bread at Sandwich by increasing the prize fund and winner’s cheque on the Kent coast. The 156 players will be battling for a slice [...]

  • Rugby League World Cup chiefs confirm tournament will go ahead in England this year despite Australia refusing to commit yet

    July 15, 2021

    The Rugby League World Cup will go ahead in England later this year, officials have said, despite Australia still not committing to playing. The participation of around 500 Australia-based players and staff has been in doubt due to the strict quarantine rules they would face on their return. And although Australian rugby league chiefs have [...]

  • Lionel Messi accepts 50 per cent pay cut to stay at Barcelona – but will still earn £59m a year

    July 15, 2021

    Lionel Messi has ended speculation over his future by agreeing a 50 per cent pay cut to stay at Barcelona. The Argentinian superstar, 34, has been a free agent since his €138m (£118m)-a year contract expired last month. Messi had discussed a two-year extension but will instead sign for five years on a lower wage, [...]

  • What Amazon is doing with French football rights and the clues it offers to its plans for the Premier League

    July 14, 2021

    Amazon is yet to make its widely anticipated big move for Premier League football rights, being content so far to buy up handfuls of live games and bundle them with its Prime Video subscription. But it is a different story in France, where the e-commerce behemoth is embarking on its first season as the main [...]

  • Qatar pokes fun at English critics of World Cup bid after Euro 2020 final crowd trouble at Wembley

    July 13, 2021

    Media in Qatar have used the crowd chaos at the Euro 2020 final to lampoon English critics of their appointment as World Cup hosts. British journalists and commentators have been among the most vocal critics of the decision to award the tiny desert state next year’s World Cup. A Qatari newspaper has been quick to [...]

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