Peak6 ‘sells back’ Wolves stake to Fosun
Peak6 Investments has sold its minority stake in struggling Premier League team Wolverhampton Wanderers back to majority owner Fosun Sports Group
St Pauli eyes €30m from sale of stadium to fans
Bundesliga club St. Pauli hopes to raise up to €30m ($32.6m) in capital from the sale of a majority stake in its Millerntor Stadium to a fans co-operative.
Yao Ming quits as head of Chinese Basketball Association
Former basketball star Yao Ming has stepped down as head of the Chinese Basketball Association (CBA) after seven years in the job
FDJ extends Marseille, PSG deals to cover women’s teams
National lottery operator Française des Jeux (FDJ) has extended its involvement with Ligue 1 clubs Olympique Marseille (OM) and Paris Saint-Germain (PSG) by sponsoring their respective women's teams.
LA28 brings in Nike’s Slusher to drive revenues
The commercial programme for the Los Angeles 2028 Olympic Games is to be spearheaded by former Nike executive John Slusher.
Eagle Football planning $1.1bn recap ahead of US IPO
Eagle Football Holdings (EFH), the multi-club ownership group run by American entrepreneur John Textor, has announced plans for a $1.1bn (€1bn) recapitalisation ahead of a New York Stock Exchange flotation next year.
Women’s pro baseball league to launch in US in 2026
The United States is to get its first women's professional baseball competition after plans were announced for the Women’s Pro Baseball League to launch in 2026.
BAIC Motor sponsors Arabian Gulf Cup in IMG-brokered deal
BAIC Motor has been named as a sponsor of the Arabian Gulf Cup 2024, in a deal brokered by IMG, the commercial agency of the Arab Gulf Cup Football Federation’s (AGCFF).
ITV strikes late deal to show Ligue 1 highlights
LFP Media, the commercial arm of France’s Professional Football League (LFP), has announced that highlights of Ligue 1 will be shown by UK commercial broadcaster ITV for the rest of the 2024-25 season.
Milan clubs post record revenues for 2023-24
AC Milan and Serie A rival Inter Milan recorded record revenues in 2023-24, with both clubs benefitting from initiatives from new American owners.
Milan recorded a €4.1m ($4.4