Finance and Law
Formula 1 season ready to start under strict Covid-19 controls
Austria will host the first behind-closed-doors Formula 1 race of the 2020 season this weekend with stringent health and safety protocols in place
EY report: 2019 Rugby World Cup generated £4.3bn economic impact
Nearly £4.3bn ($5.37bn/€4.75
Tencent eyes dominant share of Chinese sports streaming market
Chinese tech giant Tencent is said to have approached Baidu to buy a stake in its Chinese video streaming platform iQiyi
Empty stadiums pushing KBO clubs to financial breaking point
South Korean baseball was among the first sport to resume during the Covid-19 pandemic but without expected gate revenue some clubs are now facing financial difficulties
Nikko AM lists Asia’s first esports and gaming fund
Japan’s Nikko Asset Management has launched an exchange-traded fund in Hong Kong aiming to tap into the growth of the computer games and esports industry.
Loss-making One Championship gets $70m injection as 20 per cent of workforce cut
Singapore-based mixed martial arts promoter One Championship has raised $70m (€62.2m) from investors while revealing a hefty cut to its global headcount.
Rugby Australia ‘in KKR investment talks’, returns in July with TV deal
US-based private equity firm KKR is in talks with Rugby Australia about an investment in the sport, it has been reported
Returning crowds for Super Rugby Aotearoa will bring welcome cash injection
The opening games of the planned mini-series between New Zealand’s five Super Rugby teams are heading for substantial attendances.
Round-Up: Tokyo governor’s Olympic worry, Sydney wants Fury fight, Saudi to sponsor virtual Le Mans, and more
The governor of Tokyo has questioned whether the Olympic Games can go ahead next year without an international deal on travel and quarantine
Broadcasters and AFL yet to confirm rights deal on shortened season
The Australian Football League does not yet have a broadcast deal in place for its reduced season which is due to resume on June 11
Liverpool clarifies kit deal and launches online store in Japan
English Premier League club Liverpool has confirmed a two-month extension of its kit supply deal with New Balance to cover the extended 2019-20 season
Australian cricket and rugby union face additional cuts
Australia's cricket and rugby governing bodies are to implement further cost-cutting measures in response to the Covid-19 downturn
NZ Cricket says sizeable job losses expected
New Zealand Cricket is planning cuts to its staff, including senior staff, of between 10 and 15 per cent, as revenue plummets
Players to profit from New Zealand’s NBL streaming service
New Zealand’s National Basketball League has launched a direct-to-consumer global streaming service allowing viewers outside the country to pay to watch coverage of the competition.
Legal challenges ‘inevitable’ after pandemic leaves mark on football calendar
As the end of May approaches and the Premier League continues to work on ‘Project Restart’, Adam Nelson examines the legal issues facing English football’s operating bodies as they push for football’s return.
Manchester United financial results show Covid-19 hit
Manchester United has abandoned its annual financial targets and posted a drop in quarterly earnings and revenue, as the economic impact of Covid-19 begins to be felt
SportBusiness launches Finance and Law Portal
SportBusiness, the leading provider of news, data and insight for the global sports sector, has launched a new service to provide its worldwide audience with access to the information, opinion and analysis…
Chinese football tackles salary reduction
Shen Jiang, senior associate at Jingtian & Gongcheng, and Luca Ferrari, partner and global head of sports at Withers, consider the legal issues around the player wage reductions now agreed by all Chinese Super league clubs