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Writes Most On
- Tottenham Hotspur Future Thrown in Doubt After Billionaire Owner Indicted26 Jul 2023—BloombergThe billionaire behind Tottenham Hotspur has been arrested over alleged insider trading, throwing into question the future ownership of the London football club. Spurs has been the target for multiple takeover attempts in recent years, only for the bids to collapse over price and the deal structure, according to people familiar with the matter. Qatar Sports Investments chairman Nasser Al-Khelaifi has held talks with Daniel Levy, his counterpart at Tottenham, over the possible purchase of a...
- Saudi Wealth Fund Weighs Buying Another Top Football Club in Europe13 Jul 2023—BloombergNewcastle United FC’s Saudi Arabian owners are considering buying another top football club in Europe, a person with knowledge of the matter said, as the kingdom prepares for more big spending in sports. Saudi Arabia’s Public Investment Fund has in recent days switched from only considering the addition of smaller teams to its football stable, to potentially buying another team from one of Europe’s five big leagues, according to the person. Sign up for our Middle East newsletter and follow us...
- Sports Team Mania Spreads From Megadeals to £1 Yeovil Town18 Apr 2023—BloombergMatt Uggla, a longtime supporter of English Premier League team Arsenal FC, wanted to own a football club. The 29-year-old had tried to buy a couple, but the deals fell apart. Then a friend suggested Yeovil Town FC. Yeovil, based in Somerset, in the southwest of England, is in the fifth tier of the country’s football pyramid—the bottom segment of the nationwide leagues. The club attracts little attention. It expects to make media revenue of just £14,539 ($18,115) in the current season—little...
- Private Equity Firms Bet on Booming Demand for Online Shopping1 Oct 2020—BloombergPrivate equity firms are betting that the rise in online shopping is here to stay, with some of the world’s biggest investment funds eyeing deals for everything from warehouses to delivery companies. Clipper Logistics Plc, which supports the e-commerce operations of retailers from Asos Plc to Superdry, is attracting interest from buyout firms, people with knowledge of the matter said. Cinven is among potential suitors that have been evaluating the 496 million-pound ($638 million) British...
- U.K. Soccer Clubs Face £1 Billion Hit From Virus Shutdown10 Jun 2020—BloombergSHARE THIS ARTICLE Share Tweet Post Email Britain’s top soccer league will take an estimated 1 billion pound ($1.3 billion) hit from the coronavirus crisis, with empty stadiums and lingering safety fears awaiting its clubs as they prepare to restart the season. The Premier League has been suspended since mid-March and three months of no live soccer is expected to weigh heavily on its revenues for the 2019/2020 financial year, according to an annual review of the game by Deloitte Sports...
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