Sports Business Updates; Week 11, 2017

Fifa claims first with formation of human rights panel

Fifa on Friday established an independent advisory body dedicated to the subject of human rights, a move that world football’s governing body claims is a first for sports federations.

Facebook expands Univision Deportes ties with MLS streaming deal

Social media platform Facebook has struck its latest significant sports rights deal through an agreement with Major League Soccer and US pay-television broadcaster Univision Deportes.

Dodgers co-owner leads investment round in DraftKings

Daily fantasy sports (DFS) operator DraftKings has raised over $100m (€94.1m) in a new Series E1 investment round led by Eldridge Industries, whose chairman and chief executive, Todd Boehly, partly owns Major League Baseball franchise the Los Angeles Dodgers. Although DraftKings did not disclose the amount generated in the recent round, the approximate figure was published by Bloomberg, citing people close to the deal.

Berlin to stage Formula E double-header after Brussels event cancelled

The Formula E electric car-racing series will hold a double-header event in Berlin in June after Brussels was forced to forgo its hosting rights to an ePrix in July. The Belgian capital had been due to stage its first-ever Formula E event on July 1 but the lack of a suitable venue has led to the cancellation of the race.

Trump will make concessions to travel ban, claims LA 2024 chief

Los Angeles 2024 bid chiefs have said US President Donald Trump will make changes to his travel ban should the city win the right to stage the summer Olympics, and have added that their sole focus is on the 2024 Games amid speculation the International Olympic Committee (IOC) could seek to award hosting rights to two events in September.

HSBC expands portfolio with Rugby Canada deal

Banking group HSBC has secured a partnership with Rugby Canada, the national governing body for rugby union.

French prosecutors widen IAAF World Championships probe

French prosecutors who are investigating allegations of wrongdoing in relation to the award of the 2021 International Association of Athletics Federations (IAAF) World Championships to Eugene in the US are also looking into the award of other hosting rights, a source close to the probe has told the Reuters news agency.

Rugby Europe steps up campaign for Six Nations reform

The Rugby Europe governing body has stepped up its campaign for a revamp of the Six Nations by submitting a formal request to open up the tournament to other countries. Rugby Europe has said it will submit the proposal to the 6 Nations Limited company amid a concerted campaign for teams such as Georgia and Romania to be granted an expansion slot.

Serie A clubs present new stadium plans

Fiorentina has unveiled plans for a new 40,000-capacity stadium, while fellow Italian Serie A football club Cagliari has announced that work on its new ground will begin within a month. Work on Fiorentina’s new facility is expected to begin in 2019 and the club hopes to move in by 2021. 

Kia extends LPGA partnership

Korean automotive manufacturer Kia has renewed its partnership with the Ladies Professional Golf Association.

Caf hits out as Lagardère Sports dispute rumbles on

The Confederation of African Football has further criticised Egyptian authorities in a dispute surrounding its contract with the Lagardère Sports agency, stating recent developments set a “deeply worrying precedent” for the African sports business industry as a whole.

World Karate Federation launches online streaming platform

The World Karate Federation has launched a new online streaming platform that will allow fans to watch live coverage of leading events.

CGF seeking new destination for 2022 Commonwealth Games

The Commonwealth Games Federation (CGF) is seeking a new host for the 2022 Commonwealth Games after hosting rights to the multi-sport event were removed from Durban on Monday.

Super Rugby set to cut two franchises

Super Rugby, the top club rugby union competition in the southern hemisphere, is set to be reduced from 18 teams to 16 teams next season.

King sells majority stake in expanding World TeamTennis

Tennis legend Billie Jean King has opted to sell her majority stake in World TeamTennis (WTT) to franchise owners Mark Ein and Fred Luddy, who plan to expand the mixed gender team league.

ICC chairman quits ahead of key reform meeting

Shashank Manohar on Wednesday made the surprise move of announcing his resignation as chairman of the International Cricket Council (ICC), amid ongoing efforts to instigate reform in the global game.

IOC upbeat on Pyeongchang 2018 progress, engages Publicis for promotional brief

The International Olympic Committee (IOC) has promised a “unique experience” at the 2018 winter Olympic and Paralympic Games, while French advertising and public relations company Publicis has landed a global promotional contract for next year’s event in Pyeongchang.

Erzurum lining up 2026 Olympics bid, Milan targets 2028 Games

The Turkish city of Erzurum is preparing a bid for the 2026 winter Olympic and Paralympic Games, while Milan is said to be considering returning Italy to the bidding table for the summer Games for its 2028 edition.

World Rugby hails new global calendar agreement

World Rugby has reached an agreement over a new global rugby union calendar, with Bill Beaumont, chairman of the sport’s global governing body, stating the deal will deliver “certainty and sustainability”.

IOC to assess double Olympic Games selection, launches major gender equality project

The International Olympic Committee (IOC) has formed a working group to assess changes to the candidature process for the Olympic Games that could see both Los Angeles and Paris achieve success in September, while it has also unveiled details of a major gender equality project for the global sporting movement.

Asian Tour to return to China following ‘game changing’ CGA link-up

Golf’s Asian Tour will travel to China for the first time in nine years after agreeing a strategic partnership with the China Golf Association (CGA).

Be the first to comment on "Sports Business Updates; Week 11, 2017"

Leave a comment

Your email address will not be published.