Sports Business Updates; Week 10, 2017

World Boxing Super Series set for September launch

The World Boxing Super Series, a new annual elimination tournament featuring some of the sport’s top fighters and a $50m (€47m) prize fund, will launch in September.

Nascar adds second top-tier race in Las Vegas

North American stock car-racing series Nascar has added a second Las Vegas race to its calendar, with the US city now set to host two top-tier events from the 2018 season onwards.

Germany and Turkey to battle for Euro 2024

Uefa, football’s European governing body, has confirmed that Germany and Turkey will be the only bidders for the Euro 2024 national team tournament.

SportAccord goes back to the future as reforms unveiled

SportAccord, the umbrella group of more than 90 Olympic and non-Olympic sports federations, has unveiled proposals for constitutional changes that could see it return to its former designation and introduce a new means of electing its president.

Adidas raises expectations after ‘exceptional’ year

Adidas has raised its long-term revenue projections through to 2020 after hailing an “exceptionally successful” 2016.

Bank of America backing boosts Vegas bid for Oakland Raiders

The efforts of NFL American football franchise the Oakland Raiders to relocate to Las Vegas have been boosted with the news that Bank of America has agreed to step in to fill a financial black hole that had been created in a project to develop a new stadium in the Nevada city.

Fredericks steps down from IOC and IAAF roles amid allegations

Frankie Fredericks has stepped down from senior roles within the International Olympic Committee (IOC) and International Association of Athletics Federations (IAAF) after a newspaper report that he received almost $300,000 (€282,500) from disgraced marketing consultant Papa Massata Diack.

British Cycling recruits FA exec as new CEO

The British Cycling governing body has appointed Julie Harrington of the English Football Association (FA) as its new chief executive.

UFC claims first with Vegas arena deal

The Ultimate Fighting Championship (UFC) has claimed an industry first with a multi-year agreement that names the mixed martial arts organisation as an anchor tenant of the T-Mobile Arena in the US city of Las Vegas.

Fifa outlines requirements for 2026 World Cup bidders

World football’s governing body Fifa on Thursday stated that the United States would have to permit entry to players, officials and fans from any country that qualified if it won the right to host the 2026 World Cup, while reports have detailed a potential rival joint bid for the tournament from Morocco, Spain and Portugal.

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