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Mayweather win confirmed as richest fight ever

Floyd Mayweather’s victory over rival boxer Oscar de la Hoya at the weekend lived up to its hype grossing £60m, making it the richest fight in boxing history.

The super welterweight bout, staged in Las Vegas, beat the previous biggest bounty of £56m from the 2002 fight between Mike Tyson and Lennox Lewis.

Despite losing, it is believed that De La Hoya earned £22.5m from the fight while his conqueror Mayweather pocketed an estimated £20m.

The fight also attracted a record number of pay-per-view purchases with 2.15m people buying into the TV coverage.

Adidas buoyed despite fall in income

Adidas’ net income dropped to €128m in its latest set of financial figures but the sport goods giant is ahead of market predictions as it looks to build up its recently acquired Reebok brand.

With the company’s net income fell 11% from a year earlier - where its figures were inflated due to the impending football World Cup - sales increased by 3% to €2.54bn with Reebok making its first market gain since it was acquired by Adidas in 2005.

Wigan's Whelan threatens FAPL legal action

The FA Premier League is facing a major backlash over its decision to fine West Ham £5.5m for fielding ineligible players after Wigan chairman Dave Whelan threatened to sue over what he views to be a lightweight punishment.

Following on the legal threat implicated by former West Ham chief executive Paul Aldridge who believes his professional reputation was ‘besmirched’ by the decision, Wigan’s Whelan is adamant that the league should have docked West Ham points and issued a more sizeable fine.

Premiership promotion worth £60m

A Deloitte report has put the cash windfall from promotion to the FA Premier League at £60m each for the three successful clubs coming into football’s top flight.

The report states that the three promoted teams for the 2007/08 season, which already include Birmingham and Sunderland, are guaranteed a minimum of £35m in extra revenue from the money the Premiership derives from TV and sponsorship income.

Even if relegated after only one season, the teams will also be guaranteed an additional £20m in parachute payments.

Ex-West Ham boss to sue over fine allegations

Paul Aldridge, the former chief executive of West Ham United, is likely to take legal action over allegations against his professional reputation after the Premier League fined his former employers £5.5m for breaching transfer regulations.

Aldridge says his reputation has been "besmirched" by the inquiry into the transfers of Argentine players Carlos Tevez and Javier Mascherano which led to the FAPL handing out the large fine last week.

Man City receives Thai takeover interest

Former Thai Prime Minister Thaksin Shinawatra is the latest name to be linked with a takeover bid for Manchester City.

Thaksin, who made an unsuccessful bid to buy Liverpool three years ago, has been granted access to the club's accounts and his advisers will carry out due diligence before reporting their findings to him.

Thaksin is believed to be preparing a £100m bid for the club which will outstrip that tabled by rival and former City player Ray Ranson last week.

The SIG Column - 22 June

After 128 years of football heritage, Scarborough lost its football club this week following a High Court winding up order. This latest example of the negative impact of football's obsession with commercial gain had a particular resonance in the Sport Industry Group office as Drew Barrand, head of media, explains...

It’s like being kicked in the balls…only the pain doesn’t subside after a couple of minutes.

The SIG Column - 4 May

Fans are suspicious of the influx of foreign investors targeting British football clubs in recent months. Drew Barrand, head of media at Sport Industry Group, explains why these fears are unfounded...

If we didn’t know it before then we certainly do now. British sports fans have an ever so slightly unattractive xenophobic streak running through them.

The SIG Column - 24 November

Finding yourself pulled into the negative opinions forming around the preparations for London 2012? Nick Keller, chairman of the Sport Industry Group, explains why now is not the time to lose faith in the benefits the Olympics will bring...

'I, for one, am sick to death of Olympic bashing. The seemingly intrinsic British media trait of looking for the worst in everything has once again raised its ugly head this week as Culture Secretary Tessa Jowell announced to the House of Commons that the construction budget for the 2012 site had increased by £900m.

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