Global

The International Automobile Federation (FIA) has launched a tender process to replace Rallycross Promoter as the World Rallycross Championship (World RX) promoter.

Genius Sports has reported third-quarter net income of $13m (€12.3m) and an 18-per-cent revenue jump, buoyed by in-play NFL betting and following lucrative contract renewals with sportsbook clients.

Endeavor chief executive Ari Emanuel has led a management buyout of betting and sports data businesses OpenBet and IMG Arena for $450m (€424m), but the latter remains for sale.

T/Squared, the agency set up by the Team Marketing group to house new business, is to broker global media rights deals for the Davis Cup and Billie Jean King Cup in a four-year deal, SportBusiness understands.

Padel is the latest sport to pitch a Ryder Cup-style intercontinental cup competition, with a biennial event between Europe and the Americas to debut in 2025.

Formula 1’s sponsorship portfolio continues to grow for next year with the signing of Nestlé-owned chocolate brand KitKat. 

The potential for a domestic package of international NFL rights to be sold is beginning to take shape, with as many as eight games outside the US planned for 2025.

Formula One Group has reported slight increases in total revenue and operating income for Q3 2024, with Liberty Media's takeover of MotoGP on course to close by the end of the year.

Formula 1's Scuderia Ferrari is seeking to better connect with younger fans after signing a multi-year sponsorship with IBM.

AB InBev is in advanced discussions to become the second brand to sponsor next year’s Fifa Club World Cup in what would be a further commercial boost to the competition.

Sportradar overcame a €14m ($18m) jump in third-quarter financing costs on the back of new rights deals with the ATP Tour, Bundesliga and NBA to report profit of €37m in the third quarter.

Warner Bros. Discovery has registered a $135m net profit in Q3, despite total revenues falling four per cent, aided by a record growth in DTC subscribers amid the Olympic Games

World Athletics has added a further Japanese brand to its sponsorship portfolio, agreeing a deal with Honda Motor Corp that will see the company supply electric vehicles at the 2025 World Athletics Championships in Tokyo.

World Rugby has announced a multi-year global merchandise and licensing deal with Fanatics, bringing an end to its previous association with retail and experience rival Legends.

Endeavor-owned hospitality company On Location has renewed one of its key contracts, extending with the National Football League, its founder, until 2036

World Rowing has stepped up its association with rowing equipment manufacturer Concept2, with the extension of a longstanding partnership set to focus on developing indoor, ‘connected’ rowing globally.