Premier League ‘shutting the door on those below’ by ‘distorting competition’ April 19, 2023 MPs have accused the Premier League of “shutting the door on those below” with the parachute payments system of financial redistribution to relegated football clubs. Julian Knight, chairman of the Department for Culture, Media and Sport select committee, urged England’s leading clubs to find a “fairer solution” that doesn’t have a “distorting effect on competition”. [...]
NBA star becomes part-owner of London Lions basketball team April 19, 2023 Harlesden-born NBA star OG Anunoby has returned to his roots by becoming a part-owner of British Basketball League side London Lions. Toronto Raptors wing Anunoby, 25, has taken a minority stake in the team, which is majority owned by American investment group 777 Partners. His investment is another boost to the Lions, the leading team [...]
Exclusive: Diamond stands ready to save Worcester Warriors if Atlas deal collapses April 18, 2023 Former Worcester Warriors boss Steve Diamond stands ready to rescue the financially stricken rugby club amid growing uncertainty over whether the Atlas consortium will meet a looming deadline to complete their purchase. Sources close to the situation told City A.M. that Diamond and previous Worcester Warriors sponsor Adam Hewitt maintain their interest in the club, [...]
First football, now padel: US investors take fight to Qatar for future of the racket sport April 18, 2023 Heard the one about the historically European sports property turbo-charged by Middle Eastern sovereign wealth and now in the crosshairs of serial sports investors from the US? This isn’t football, though, but padel, the fast-growing racket sport now at the centre of a tug of war between rival competitions backed by the Qatari owners of [...]
IN PICTURES: See Manchester City’s plans for £300m upgrade to Etihad Stadium April 18, 2023 Premier League champions Manchester City have formally submitted a planning application for a £300m upgrade of their Etihad Stadium that would take capacity to more than 60,000. The improvements are centred on the North Stand, which is to get a new, enlarged upper tier and will connect to a new complex featuring a hotel, club [...]
Leeds, Chelsea, Crystal Palace: Why have so many clubs chosen short-term managers? April 17, 2023 When Javi Gracia made a surprise return to the Premier League in February he signed a contract with Leeds United which the club described as “flexible”. In reality, it meant a short-term deal guaranteed only until the end of the season, when it could be extended if all parties agreed. Since then, five more clubs [...]
Fines over Russia tennis player bans factor in LTA loss April 16, 2023 The fines imposed on the Lawn Tennis Association (LTA) due to their banning of players from Russia and Belarus in 2022 have contributed to the organisation’s financial loss. Last year the LTA implemented the ban which meant players from the two countries were unable to play in pre-Wimbledon grass-court tournaments. Wimbledon’s All England Lawn Tennis [...]
Leaving the Premiership XV: Talent drain from English rugby laid bare April 15, 2023 It’s not uncommon for the world’s various top flight leagues to see quality talent steadily flow in and out, but the Premiership – the top level of rugby in England – is about to see a mass exodus of players to rival leagues. Leaving the Premiership are a number of individuals who between them have [...]
So far, snow good: How Britain became an unlikely force in winter sports April 15, 2023 While casual skiers and snowboarders put boots back into lofts as the European snow season becomes a thing of months past, the cream of Britain’s winter sportspeople are not done in continuing a record-breaking campaign on the white stuff. A year on from a disappointing Beijing 2022 Winter Olympics, where Team GB medalled only in [...]
English football wants a piece of the American pie – but it’s not MLS April 15, 2023 From Todd Boehly’s private-equity-backed consortium at Premier League giants Chelsea to former Disney CEO Michael Eisner at Portsmouth in the third tier down to Hollywood stars Ryan Reynolds and Rob McElhenney at non-league Wrexham, the flow of football investment between the United States and Britain is well established. But it is not all one-way. Increasingly, [...]