Europe
Alchemy launches London office
US sports business investment firm Alchemy Global has launched a London office as it seeks to extend its worldwide presence.
Hawk-Eye lands in Bundesliga as clubs vote in favour of goal-line technology
Football clubs in Germany’s top-tier Bundesliga have voted to approve the use of goal-line technology (GLT) from the start of the 2015-16 season.
WTCC revamps schedule with new races and first night event
The World Touring Car Championship (WTCC) has unveiled four new events on its 2015 calendar, including the motor racing series’ inaugural night race in Qatar.
Russian sport facing doping storm
Russian sport is at the centre of a major doping scandal following allegations of corruption and systematic doping, including the reported admission of drug use by an Olympic champion runner and cover-up and extortion involving a three-time Chicago Marathon winner.
MCC appoints Corbett as new chairman
The Marylebone Cricket Club (MCC) has announced that Gerald Corbett is to be its next chairman.
Manchester City slashes losses and sets revenue landmark
Manchester City has broken through the £300m (€378m/$471.7m) revenue barrier for the first time as the English Premier League champion declared its confidence that it will meet Financial Fair Play regulations set by Uefa, football’s European governing body.
Jockey Club unveils Racing Explained programme
The Jockey Club today (Wednesday) unveiled its Racing Explained programme, which aims to educate the average race-goer about the sport, in hope to increase race-day income.
Domestic Top 14 rights tender set for late January
Paul Goze, the president of the Ligue Nationale de Rugby, has said that the auction for the domestic rights to the Top 14, the top division of rugby union in France, will take place before the end of January.
Cairo lands 2017 UIPM World Championships
The International Modern Pentathlon Union (UIPM) has awarded its 2017 World Championships to the Egyptian capital of Cairo, while the evolution of the sport has continued with the introduction of a new fencing format.
Djokovic and Federer bolster commercial portfolios
Tennis stars Novak Djokovic and Roger Federer have sealed new endorsement deals with wine maker Jacob’s Creek and telecommunications company Sunrise, respectively.
Caterham set to be granted special dispensation as buyers circle
Formula One team Caterham could be allowed dispensation to take part in the 2015 season of the motor racing championship with its 2014 car as potential buyers circle around the stricken outfit.
Bayern Munich smashes through €500m turnover barrier
Bayern Munich has reported an increase in turnover of close to €100m ($125m) for the 2013-14 financial year, as the German Bundesliga champion broke through the €500m barrier for the first time.
Sochi 2014’s Chernyshenko takes top job with KHL
Dmitry Chernyshenko, president and chief executive of the organising committee for the Sochi 2014 Olympic and Paralympic Games, has been appointed as the new president of pan-European ice hockey competition the Kontinental Hockey League (KHL).
Biathlon World Team Challenge remains in Gelsenkirchen
Biathlon showpiece the World Team Challenge will remain in the German city of Gelsenkirchen for another four years after event organisers agreed a deal for it to be continue to be hosted at the Veltins-Arena.
Red Bull Air Race adds new events in Japan and Russia for 2015 season
The Red Bull Air Race World Championship has added new events in Japan and Russia to its 2015 calendar.
Danish city lands curling championships
The World Curling Federation (WCF) has awarded the Danish city of Esbjerg the hosting rights to its European Championships in 2015 and the 2019 World Women’s Championship.
Denmark targeting Formula One race
Bayern’s Double Vision
Can last season’s UEFA Champions League winner and giant of European football, Bayern Munich, replicate its success in basketball? Matt Cutler looks at the resurgence of the German team as a force on the court and asks its managing director, Marko Pesic, how he has gone about creating a sustainable financial model for the project.