Finance & Law

Olympique Lyonnais, the Ligue 1 club owned by John Textor, has been threatened with relegation and placed under a transfer ban after French football’s financial regulator expressed concerns over financial mismanagement.

Walt Disney’s streaming business continues to be profitable, partially offsetting a sharp fall in its linear networks' operating income in its fourth-quarter results.

The Primeira Liga club claims the involvement of “large American investors” demonstrates that its “credibility has been recognised” amid ongoing financial recovery efforts.

Diamond Sports Group has received approval to emerge from bankruptcy, with 27 major league sports franchises in its portfolio and a significantly downsized debt position.

Broadcast revenues at the International Equestrian Federation (FEI) are budgeted to drop by 8 per cent in 2025 in a continued shift to digital content and time-buys to maximise sponsorship income.

Disney Star has announced massive losses of INR 12,548 crore (€1.4bn/$1.5bn) for the full year in 2023-24, ahead of its imminent merger with conglomerate Reliance Industries.

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.

Infront has rejected competition claims raised by French-language Belgian public broadcaster RTBF over the agency’s sale of Flanders Classics rights to commercial network RTL.

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.

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.

Hospitality sales related to the Paris 2024 Olympics helped boost revenues at Endeavor, where sports were the biggest driver of growth across the group in an otherwise mixed 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

Boxing remains a vertical of interest to TKO but there will be no immediate move into the sport described "at its best as confused and fragmented, at its worst as broken" by president Mark Shapiro.

Germany’s Sportdigital is closing in on an agreement to acquire the pay-television channels of Sport1 as the broadcaster now jointly owned by Turkey’s Acunmedya trims its sports content offering.

A series of raids have been undertaken in Paris this morning in relation to the conditions of CVC Capital Partners’ €1.5bn ($1.6bn) investment deal with France’s Professional Football League (LFP).