Confirmed: Saudi Arabia-led £300m takeover of Newcastle United completed October 7, 2021 Newcastle United have confirmed that a consortium led by Saudi Arabia’s sovereign wealth fund has completed its takeover of the football club. The deal, which sees retail mogul Mike Ashley exit the club after 14 years as owner, is reported to be worth around £300m. The new owners said: “An investment group led by the [...]
Saudi Arabia’s takeover of Newcastle United is about far more than football October 7, 2021 After years of speculation, prevarication and consternation, Saudi Arabia has at last sealed the purchase of a Premier League football club, something it has long coveted. With a deal for Newcastle United finally set to be announced, one of the most tumultuous episodes in English football history is apparently drawing to a close. Rumours have [...]
Crystal Palace owner Josh Harris tips Premier League rights to rise in value October 6, 2021 Crystal Palace co-owner Josh Harris has predicted that Premier League media rights will continue to rise in value, defying forecasts that football’s bubble may be about to burst. The league’s domestic broadcast revenues appear to have plateaued for now and the global sports rights market has cooled, in part as a result of the pandemic. [...]
Saudi Arabia’s £300m Newcastle United takeover revived by truce with beIN October 6, 2021 Saudi Arabia has signalled the end of its long-running stand-off with Qatari broadcaster beIN, in a move that could revive its £300m takeover of Newcastle United. The U-turn would involve unblocking beIN’s channels in Saudi Arabia, cracking down on any pirating of the network’s output and settling a $1bn lawsuit, sources close to the talks [...]
The Formula 1 cost cap: Corporations to provide competitive advantage? October 6, 2021 This 2021 Formula 1 season is already proving to be one for the ages but next year’s technical rule changes, largely aimed at levelling the playing field, and the need for continuous improvement mean that teams are already looking ahead. It could be argued that this counterbalance is already coming into effect this season following [...]
Opinion: Nigel Wray deserves credit after building Saracens’ dynasty October 5, 2021 Empires fall and dynasties cease, but one thing remains when you’ve done something right or simply left your mark: legacy. Nigel Wray, the outgoing majority stakeholder of Saracens, has ensured that; and rugby, on balance, is better for it. Saracens announced at the weekend that, 26 years after he began backing the north London club, [...]
Claire Harvey: Sport should take lessons from the City on inclusion policy October 4, 2021 British Paralympian and global inclusion expert Claire Harvey calls on sport’s national governing bodies to adopt grassroots diversity targets into their participation drive. Sport has for a long time been a source of inspiration to the masses. It is one of the unifying forces that humanity has to offer, yet – if we’re honest with [...]
Premiership: Five things we’ve learned as the east Midlands rise again October 4, 2021 The east Midlands are on the rugby rise again and more clubs than ever are competing for European places, here are five things we learned from this weekend’s Premiership action. The east Midlands heartlands are back The east Midlands duo of Leicester Tigers and Northampton Saints now occupy the top two Premiership spots. The pair [...]
Why Spain’s LaLiga believes Uefa and other leagues should follow its lead October 1, 2021 Spain has a long and rich tradition of shaping how football is played. It has given us the great Real Madrid sides of the 1950s; Pep Guardiola and his all-conquering Barcelona; the national team who swept all major men’s international tournaments from 2008 to 2012; tiki-taka. Britain may be the birthplace of the game but [...]
Why athletics needs a silver bullet in the form of private investment September 30, 2021 The results are just in, and they don’t make for easy reading. World Athletics posted a small financial surplus in 2020, but only because Russia coughed up a fine for its doping misdemeanours. W hat’s worrying is the long steady decline in the reserves of track and field’s governing body. For the sake of the [...]