Global
Formula E improves financials but loses over €42m
Formula E, the electric single-seater racing series, has revealed a loss of €42.4m for the financial year ending September 30, 2023, closing the gap on the previous year's €65m shortfall.
ATP Media revenues breach $200m
ATP Media registered revenues of $202.9m in 2023 and a profit of $4m, SportBusiness understands, thanks in part to the aggregation of ATP 250 rights and the return of the Shanghai Masters for the first time since 2019.
Brazil, Germany, Switzerland join record SailGP season calendar
Season five to be the league’s most expansive to date, with 14 events across an increased five continents.
World Series of Boxing off the canvas with 2025 relaunch
World Series of Boxing (WSB), the country-based franchise competition that collapsed in 2019 due to mounting financial losses, is to be resurrected next year
Recast’s $5m raise includes VC fund, Woodward-backed Airstream Ventures
Recast, the Edinburgh-based digital media technology company rescued from administration nine months ago after amassing significant losses, has closed a $5m funding round led by US-based venture capital firm Morpheus Ventures.
Extreme E’s hydrogen switch brings Saudi interests to the fore
Extreme E’s transformation into Extreme H will turn Alejandro’s Agag’s sustainable off-road odyssey into a far more commercially-focused property, centring the interests of its Saudi backers and attracting new partners such as Red Bull to the sport.
EXCLUSIVE: Sainz in pole position for Red Bull Extreme H sponsorship
SportBusiness understands Red Bull will adorn the livery of a yet-to-be decided team next year in addition to an already-announced partnership with Extreme H as its official energy drinks partner.
Has women’s club football lost its media rights momentum?
Experts polled by SportBusiness say there is a growing disparity between how buyers and sellers value women's football media rights, resulting in stalemates at negotiating tables and leaving the sector at significant risk of plateau.
Experienced Americas duo Santa Cruz, Tree leave IMG
Guillermo Santa Cruz and James Tree, two of IMG’s most senior executives in the Americas, are leaving the agency.
Norman, Timpson latest executive departures from Man United
Ellie Norman is to leave her executive role at Manchester United to join electric motor racing's Formula E as chief marketing officer, while the Premier League club's chief executive of alliances and partnerships,…
Pereira departs as IOC’s esports head
Vincent Pereira has stepped down as head of esports at the International Olympic Committee after two and a half years in the role, less than a month after the governing body announced plans to create the Olympic Esports Games.
World Boxing’s Olympics hopes rise with IBA on the ropes
World Boxing appears on the verge of establishing itself as the de facto governing body for the sport, with the rival International Boxing Association (IBA) facing two more threats to its existence
ICC.tv records over 14m views for T20 World Cup
The International Cricket Council has drawn encouraging audience figures on its free direct-to-consumer OTT platform ICC.tv for the 2024 Men’s T20 World Cup, which concludes tomorrow (Saturday).
ATP gives green light to in-competition wearables
The initiative aims to usher in a new era of innovative data-led performance analytics and injury prevention in tennis, amid a long-term goal of enhancing the broadcast experience
Spring Media retains European Cricket production, distribution
Spring Media has retained a solid flow of business for its broadcast production operations in a new deal with European Cricket League (ECL AG) that continues to include global rights distribution
DAZN to stream non-exclusive X Games coverage globally
X Games, the action sports property now under private equity ownership, is to be streamed worldwide by DAZN in the broadcaster’s latest deal for non-exclusive, global rights.
Digital agency Engage kicks off search for buyer
Owners of Engage Digital Partners, the UK-based digital agency whose clients include the International Cricket Council and Real Madrid, have appointed KPMG to begin a sale process
IF governance review reports increase in financial accountability
ASOIF's fifth Review of International Federation Governance sees all 32 members meet a base target set for the first time.