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Sports money

  • Betting and esports look set to collide

    February 9, 2021  |  City Talk

    A review of UK gambling laws launched by the Department for Digital, Culture, Media and Sport (DCMS) could have a major impact on the esports industry.  The review will cover marketing and advertising of gambling in sport, and could lead to a ban on gambling companies sponsoring sports teams and events, including sponsorship on uniforms, [...]

  • UK MPs call for Wimbledon to cut ties with HSBC and Standard Chartered

    February 4, 2021

    A group of UK MPs and peers have demanded asset management giant BlackRock and the Wimbledon tennis tournament to cut ties with HSBC and Standard Chartered over their support for Beijing’s freedom of speech crackdown in Hong Kong. The nine parliamentarians also called on the World Rugby Sevens and the British Open tournaments to refuse further [...]

  • Sports teams facing end of gambling shirt sponsorship

    January 31, 2021

    Sports teams are facing the prospect of being banned from displaying gambling logos on their shirts, the Sunday Times reported. Officials have warned members of the sports industry that a crackdown on gambling sponsors is under consideration. Such a move would be a seismic shock for sports clubs, and mark the biggest shake-up in sports [...]

  • Alexei Navalny calls for UK sanctions against Chelsea owner Roman Abramovich

    January 19, 2021

    Detained Russian opposition leader Alexei Navalny has called for the UK to sanction Chelsea owner Roman Abramovich and former Arsenal shareholder Alisher Usmanov if he is not released from prison. Navalny’s close associate Vladimir Ashurkov said today that Navalny had written up a list of eight Russian oligarchs that “he felt should be sanctioned if [...]

  • Man City investor Silver Lake eyes stake in New Zealand All Blacks

    January 11, 2021

    The US private equity firm that holds a stake in Manchester City Football Club is said to be closing in on an investment deal with the New Zealand All Blacks. Silver Lake is in advanced discussions about taking a minority holding in New Zealand Rugby’s commercial rights arm and a deal could be announced as [...]

  • Argentine prosecutors investigate death of soccer star Maradona

    November 29, 2020

    By Jorge Otaola and Ramiro Scandolo BUENOS AIRES (Reuters) – Argentine justice officials on Sunday seized medical files from the doctor of Diego Maradona as part of their investigation into the recent death of the soccer star. Maradona died at age 60 on Wednesday after a heart attack. The search order was requested by prosecutors [...]

  • Fulham residents hit with matchday parking fees – even with no fans at Craven Cottage

    November 25, 2020

    Tory MP Greg Hands has hit out at Fulham and Hammersmith Council for implementing matchday parking restrictions around Fulham FC’s Craven Cottage, despite there being no fans at games. The council is charging people £2.50 an hour to park in some areas around the Premier League club’s ground, with £80 fines given to cars parked [...]

  • New: Derby County head for Gulf ownership

    November 6, 2020

    Derby County are set to be the latest club to move into Gulf ownership, it emerged today. Bin Zayed International LLC, owned by Sheikh Khaled bin Zayed Al Nehayan, has agreed a deal in principle with current owner Mel Morris. Sheikh Khaled is a cousin of Manchester City owner Sheikh Mansour, who has poured millions [...]

  • Top English clubs and JP Morgan ‘in talks’ over $6bn European super league

    October 20, 2020

    US banking giant JP Morgan and top-flight English clubs are said to be in talks over a game-changing $6bn (£4.6bn) plot to launch a new Fifa-backed European football league.

  • McLaren boss says operating costs now ‘break even’ following fundraising and redundancies, and downplays second wave fears

    October 19, 2020

    McLaren CEO Mike Flewitt has described his “horrible” 2020 in an exclusive interview with Morning Wire, but says he is “cautiously optimistic” despite the second wave of coronavirus. Flewitt was forced to make 1,200 redundancies – almost a quarter of the company’s 4,000-strong workforce – and carry out a sale and lease-back of the McLaren [...]

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