Adidas global revenues drop 5 per cent after Yeezy split
German sportswear company Adidas suffered a five-per-cent reduction in total revenues in 2023 and posted reduced operating profits of €268m ($293.2m) after severing ties with controversial rapper and fashion designer Kanye West’s Yeezy brand.
Manchester United Q2 revenues buoyed by Champions League TV rights payment
Premier League club Manchester United has today (Tuesday) announced record second-quarter revenues of £225.8m (€264.2m/$288.4m), with profits of £20.4m up from £6.3m over the same period a year previously.
Liverpool owner FSG appoints Edwards as football operations chief
Fenway Sports Group (FSG), owner of Premier League club Liverpool FC, has appointed the club’s former sporting director Michael Edwards to the role of football operations director where he will lead t…
Premier League clubs risk government action after failing to agree EFL funding deal
Premier League clubs have risked a fallout with the UK Government after failing to agree a funding deal with the English Football League (EFL) over the distribution of future broadcasting revenues.
French Tennis Federation promotes Morel to director-general
The French Tennis Federation (FFT) has announced the appointment of Stéphane Morel as its new director-general.
Chelsea reveals £90m annual loss despite £142m player sale profits
Premier League club Chelsea FC has announced a loss of £90.1m (€105.4m/$114.9m) for the 2022-23 financial year in the first accounts published since its takeover by Todd Boehly’s Clearlake Capital investment group.
Premier League toughens rules on ‘Associated Party’ sponsor and transfer deals
The Premier League has tightened its rules on its member clubs striking inflated sponsorship and transfer deals with companies and organisations connected to their owners
McMahon sells $411m of TKO shares
World Wrestling Entertainment (WWE) founder Vince McMahon has sold shares worth $411.95m (€378.8
Aston Villa reveals record loss in Champions League push
Premier League club Aston Villa has announced a record loss of £119.6m (€139.7m/$151.6m) for the 2022-23 financial year after it spent heavily in pursuit of Champions League football.
Cagliari to host European Padel Championships
The International Padel Federation (FIP) has announced that the Italian city of Cagliari, in Sardinia, has been chosen to host the the European Padel Championships later this year.