Americas
EXCLUSIVE: Red Bull Racing in JP Morgan Chase sponsorship talks
Formula 1 team Red Bull Racing is in advanced negotiations with international financial services company JP Morgan Chase about a sponsorship agreement, SportBusiness can reveal
Argentinian clubs unite in anti-privatisation stance against new president Milei
Argentina's leading football clubs have vowed to remain in the hands of their fans following election to the country's presidency of Javier Milei, who is staunchly in favour of privatisation
Tennessee Titans’ new home to retain Nissan Stadium branding
The North America arm of Japanese automotive manufacturer Nissan has reaffirmed its commitment to the Tennessee Titans by acquiring naming rights to the NFL franchise’s new stadium.
NBA ties up Foot Locker in multi-year deal
The National Basketball Association has announced a multi-year sponsorship deal with footwear and apparel retailer Foot Locker that makes the brand an official marketing partner in the US
CME Group ups commitment to LPGA Tour Championship with record prize pot
The LPGA Tour Championship, the season-ending event on the US women's golf tour, is to increase prize money by more than 50 per cent next year thanks to a renewed and enhanced partnership with title sponsor CME Group, the derivatives marketplace.
Legends ramps up college sports activities
Global premium experiences company Legends is planning to expand its business in the US college sports sector with the launch of Legends College, a new division that will increase the range of services…
CAA Evolution forms new player in sports investment marketplace
Evolution Media Capital, the merchant banking arm of CAA, has joined forces with strategic advisory firm M. Klein & Company to launch a new entity which they claim will significantly step up their presence in the sports and entertainment investment space.
Rival Brazilian groups join forces against proposed betting sponsorship ban
Some of Brazil’s biggest football clubs have registered their "enormous concern" at government proposals to ban betting operator sponsorships in football.
MLR brings in Globant to revamp OTT platform after success of Fifa remit
Major League Rugby has signed a wide-ranging commercial partnership with digital consultant and software provider Globant, which encompasses an overhaul of its over-the-top (OTT) platform, The Rugby Network
NWSL lands record four-year $240m domestic rights deals
The National Women's Soccer League has agreed the largest media rights deals in women's sport in contracts spanning four years worth $60m (€56m) annually, with games airing on CBS, ESPN, Amazon and Scripps S…
McMahon to sell off major stake in TKO
Vince McMahon is planning on selling 8.4 million of his shares in TKO Group, the new Endeavor-owned public company formed by the merger of Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE).
FanDuel parent Flutter plans New York listing
Flutter Entertainment, the parent company of sports betting company FanDuel, is planning to list in the United States in early 2024 on the New York Stock Exchange
UFC heads back to Sportsnet and TVA, agrees Roku documentary deal
Pay-television broadcasters Sportsnet and TVA Sports have regained English-language and French-language rights, respectively, in Canada to the Ultimate Fighting Championship (UFC), while the mixed martial arts promotion has agreed a documentary series deal with US streaming service Roku.
Zaslav warns of ‘generational disruption’ as WBD reports $417m net loss
Warner Bros. Discovery has reported third-quarter net losses of $417m (€390m) after a decline in advertising revenue, a drop in streaming subscribers, and what president and chief executive David Zaslav called a “generational disruption” as the company’s stock tumbled by 19 per cent.
ESPN has strong quarter as D2C shift and strategic partner loom
Disney is still searching for a strategic partner for ESPN and is fully set on taking the sports property entirely direct-to-consumer as it posted an operating income increase of 16 per cent to $987m (€922m) i…
TKO posts mixed results in first quarterly earnings
TKO Group, the new Endeavor-owned public company created by the merger of Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE), has announced mixed results in its first quarterly…
CW Network to broadcast WWE NXT in five-year deal
WWE has agreed a deal for the CW Network to broadcast its talent series WWE NXT in a five-year agreement that will put the 13-year-old World Wrestling Entertainment product on network television for the…
Legends acquires ASM Global in major live events space consolidation
Sports and entertainment company Legends has acquired US venue management company ASM Global as it looks to become the dominant player in the live events management and hospitality space