Governance
Jordan sells Charlotte Hornets stake at ‘$3bn valuation’
Michael Jordan is selling his majority stake in the National Basketball Association's Charlotte Hornets to an investor group led by financiers Gabe Plotkin and Rick Schnall for a reported $3bn (€2.74bn).
NBC cuts US Open ads, introduces ‘whip-around’ Peacock show
NBC Sports has cut its commercial breaks by 30 per cent during live US Open coverage to reduce interruptions following complaints from viewers last year, while offering a record number of linear hours…
Lappartient running to be next president of French Olympic Committee
David Lappartient, president of the International Cycling Union (UCI), has confirmed that he is running to be the next president of the French Olympic Committee (CNOSF)
W Series enters administration after failed investment search
Women’s motor-racing championship the W Series has entered administration after failing to land necessary investment or sell the business.
DOJ set to probe PGA Tour merger
The commercial merger between the PGA Tour, the DP World Tour and Saudi Arabia’s Public Investment Fund (PIF) is set to face further scrutiny after it was reported that the US Department of Justice (DOJ) w…
Premier League clubs vote to ban large-scale leveraged buyouts
Premier League clubs have voted at their annual general meeting to ban fully-leveraged buyouts of clubs
Grill elected as new French Rugby Federation president
The French Rugby Federation (FFR) has elected Florian Grill as its president, with the new leader calling for unity as the country prepares to host the Rugby World Cup later this year
Clubs take control of Euroleague as Glickman concedes the fight
With Jordi Bertomeu long gone and an interim solution found to be unsuitable, Euroleague Basketball’s entire commercial roadmap for the next decade and beyond hangs in the balance.
Secretary general Samoura to leave Fifa in December
Fatma Samoura is to leave her position as secretary general of world governing body Fifa
Fifpro: Time for players to earn from capture of their data
Fifpro, the global players’ union, has warned of concerns over the capture of athlete data, and has called on players to be an integral part of the revenue stream going forward.
CGF launches six-point strategic plan
The Commonwealth Games Federation (CGF) has launched its new strategic plan covering the 2023-2034 period, with commitments made to assess the feasibility of hosting the Commonwealth Games in new regions…
Monahan steps aside as PGA Tour commissioner ‘due to health reasons’
Golf’s PGA Tour has announced that Jay Monahan is stepping aside as commissioner while he recuperates from a "medical situation".
PIF-backed Gulf International Bank named Al-Nassr sponsor
Gulf International Bank (GIB), the banking group in which Saudi Arabia’s Public Investment Fund holds a 97.2-per-cent shareholding, has been named a silver sponsor of Saudi Pro League side Al-Nassr.
PGA Tour’s commercial merger with LIV faces US Senator probe
Richard Blumenthal, chairman of the US Senate’s Permanent Subcommittee on Investigations, has opened an investigation into the commercial merger between the PGA Tour and Saudi Arabia’s Public Investment Fun…
Former AC Milan owner and Mediaset founder Berlusconi dies aged 86
Silvio Berlusconi, the former Prime Minister of Italy and long-time owner of Serie A football club AC Milan, has died at the age of 86
NBA’s Silver: Saudi investment in sport a ‘two-edged sword’
National Basketball Association commissioner Adam Silver has said that no Saudi investment fund has made a push for NBA team ownership stakes
Diallo elected as French Football Federation president until 2024
Philippe Diallo, the acting president of the French Football Federation since January, has been confirmed in the position until 2024 after delegates at the FFF's general assembly voted overwhelmingly to…
Fifa and Fifpro hail agreement on player payments for Women’s World Cup
All players competing at this summer's Women's World Cup will receive appearance fees from Fifa for the first time after football's world governing body reached a landmark agreement with the global players'…