Australian Open NFTs tank in value on non-fungible token marketplace January 14, 2025 NFTs sold by Tennis Australia for nearly £1.5m have tanked in value amid reports the organisation has walked away from its non-fungible token project. More than 9,000 of the NFTs, which are digital images of tennis balls, have shed up to 90 per cent of their value since the launch in 2022 by Tennis Australia. [...]
72% UK sports fans would pay more for tickets if they benefited environment January 14, 2025 Seven in 10 sports fans would be willing to pay more for a ticket to a live event if the extra was used to benefit the environment, according to a new survey. The Sport Industry Report, published today, found that 72 per cent of sport fans it surveyed said they would pay the surplus “if [...]
Leicester City still face PSR danger despite Premier League decision January 14, 2025 Leicester City remain on the hook for possible breaches of PSR rules despite the Premier League deciding not to issue charges to any clubs for the period ending last season. Leicester escaped punishment last year despite being charged with overspending for the period ending 2022-23 after they won a legal appeal centred on ambiguity in [...]
Rashford exit to cost Man Utd as clubs battles to meet PSR rules January 14, 2025 Manchester United will have to pay to get Marcus Rashford off their wage bill as they battle to meet Premier League profitability and sustainability (PSR) rules. Former golden boy Rashford is bound for the exit door at Old Trafford after 20 years at his boyhood club, having fallen out of favour with new manager Ruben [...]
Football regulator: Fight over Brady-backed ‘sunset clause’ hots up January 13, 2025 Conservative peers including West Ham United chair Karren Brady are this week expected to step up their push for a “sunset clause” that critics fear will render the incoming independent football regulator toothless. The sunset clause would allow for the football regulator to be scrapped after a set period time, likely to be five years, [...]
Anthony Joshua joins padel craze by investing in Murray’s Hexagon Cup team January 13, 2025 Boxer Anthony Joshua has teamed up with fellow British sporting great Andy Murray by becoming a co-owner of his Hexagon Cup-winning padel team. Joshua has joined Murray, tennis coach Dani Vallverdu and businessman Arran Yentob in the ownership group of Team AD/vantage as the British entrant bids to retain its crown this month. They will [...]
Baseball home run for London as MLB weekend generates £56m January 13, 2025 London will miss the benefit of MLB in 2025 after last year’s MLB London Series boosted the capital’s economy by £56.5m. Back-to-back matches between the New York Mets and Philadelphia Phillies drew in over 108,000 fans at the London Stadium with the nation outside of London benefiting to the tune of a further £9m. The [...]
Most profitable sports clubs of 2025 list features three Premier League sides January 11, 2025 Three Premier League clubs have made the Forbes most profitable sports teams list of 2025, with the top 20 generating an estimated £3.2bn in profit during the most recent season. The figures, calculated using Forbes’ estimates of operating income with total value using the enterprise values, suggest an average £159m profit per team, up 12 [...]
Industry slams Labour government plans for ticket reform January 11, 2025 Leading industry voices have slammed government plans to change the secondary ticketing market in sport, describing proposals as “draconian”. The government on Friday announced plans to tackle touts and potentially further regulate the secondary market following instances of extreme dynamic pricing relating to the sale of Oasis tickets. Measures could include a cap and a [...]
Late Leicester City owner’s family sue helicopter maker for record £2.15bn January 10, 2025 The family of former Leicester City owner Khun Vichai Srivaddhanaprabha is suing a helicopter manufacturer over his fatal 2018 crash for a record £2.15bn. The legal claim is the largest relating to a fatal accident in English history and was launched today at the High Court in London by the Thai family. They blame helicopter [...]