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Sports money

  • Liverpool shareholders RedBird Capital set to buy stake in Indian Premier League franchise Rajasthan Royals

    June 24, 2021

    RedBird Capital Partners, a shareholder in Liverpool owners Fenway Sports Group, is buying a stake in Indian Premier League (IPL) cricket franchise Rajasthan Royals, according to reports. New York-based RedBird is buying 15 per cent of the Royals in a deal that values the team at $250m, says the FT. The transaction continues the trends [...]

  • AxisStars: Former Man Utd and France footballer Louis Saha on cleaning up the industry and ‘keeping sharks at bay’ with his app business

    June 23, 2021

    Louis Saha enjoyed a glittering football career but he was far from an instant success. A promising teenager, he struggled at first at humble Metz, scored just once in a loan spell at Newcastle United, and dropped down a division to sign for Fulham in the hope of kick-starting his career. Saha proved a success [...]

  • Saracens mark return to Premiership by announcing club record kit deal with British sportswear brand Castore

    June 22, 2021

    Saracens have announced a kit deal with British brand Castore believed to be the most lucrative in the club’s history. The five-year agreement replaces Sarries’ contract with Nike and follows their successful promotion back to English rugby union’s top division. Saracens join a fast-growing roster of teams and athletes to partner with Castore, which includes [...]

  • Spanish football clubs buck trend and make profit despite Covid-19

    June 22, 2021

    Spanish football clubs bucked the trend by making a collective profit last season despite the impact of Covid-19. LaLiga, which encompasses the top two divisions of men’s football in Spain, reported a profit of €77m for 2019-20. Revenue grew 3.6 per cent year on year to just over €5bn, although net debt grew from €2.6bn [...]

  • David Beckham-backed Guild Esports signs up Samsung as a sponsor

    June 21, 2021

    David Beckham’s London-listed Guild Esports organisation has signed Samsung as a sponsor. The one-year deal to be Guild’s official display partner is the electronics giant’s first with a British esports team. Samsung is meeting the undisclosed value of the deal with 50 per cent cash and 50 per cent value in kind, in the form [...]

  • Tokyo 2020 facing threat of spectator ban, says Japanese prime minister

    June 21, 2021

    Japan may ban spectators from the Tokyo 2020 Olympics if the country’s Covid-19 situation worsens, prime minister Yoshihide Suga has warned. Holding this summer’s delayed Games behind closed doors was “definitely a possibility”, Suga said. “I think that’s obvious from the standpoint of making safety and security our utmost priority.” Japan has been slow to [...]

  • England and Scotland fans descend on central London ahead of tonight’s Euros clash

    June 18, 2021

    Swarms of England and Scotland fans have descended on parts of central London in the pouring rain ahead of the teams’ clash at Wembley tonight. Hundreds of supporters wearing their country’s shirts, flags and kilts have been chanting, singing and playing bagpipes at Leicester Square, Kings Cross and Hyde Park. The much-anticipated match, the 115th [...]

  • Roger Federer Wimbledon blazer set to fetch £25,000 as tennis star auctions vast trove of memorabilia

    June 17, 2021

    Roger Federer is auctioning one of his iconic Wimbledon blazers as part of a sale of treasures from his tennis career. The 2016 blazer, which he wore to walk out on to Centre Court, is expected to fetch £15,000-£25,000. It is one of the most prestigious of 300 lots in the online auction, which is [...]

  • Euro 2020: Ticket ballot launched for Londoners to watch England games in knock-out rounds at Trafalgar Square

    June 17, 2021

    The Mayor of London, Sadiq Khan, said today that the Euro 2020 Trafalgar Square Fan Zone will continue to host London key workers and community groups for the rest of England’s group stage matches, before launching a public ballot for tickets to watch any potential England games in the knock-out rounds. England’s victory over Croatia was cheered [...]

  • Explained: Why Cristiano Ronaldo’s Coke snub at Euro 2020 was not the cause of Coca-Cola’s share price drop

    June 17, 2021

    Cristiano Ronaldo was credited with knocking $4bn off the value of Coca-Cola earlier this week when he snubbed the soft drink – but does the theory stack up? The Portuguese football superstar pointedly moved two bottles of Coke from his desk at a Euro 2020 press conference and instead held up a bottle of water, [...]

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