Finance

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EVERTON & FULHAM SIGN WITH SPORTSRISQ

SportsRISQ, the London-based company that provides structured finance products to the sports sector, has signed Premier League club Everton and English Championship side Fulham to its new platform, the RISQ Performance Dashboard.

The RISQ Performance Dashboard is a new business intelligence tool designed for football club executives. It enables users to track, analyse and control the increasing financial impact of performance by combining the club’s contractual, commercial and financial data with RISQ predictive analytics.

World ParaAthletics Champs launches group offer

Sports and community groups are being invited by London 2017 organisers to experience the World Para Athletics Championships this summer after launching a new offer for group bookings.

In July, the London Stadium at the Queen Elizabeth Olympic Park will see some of the biggest names return to the track for the World Para Athletics Championships, from 14th to 23rd July.

Stars already confirmed include the likes of Jonnie Peacock, Hannah Cockroft, Kadeena Cox and Richard Whitehead - returning to the stadium where many of them won gold medals at London 2012.

Ski Club acquires Mountain Tracks

The Ski Club has announced it has acquired specialist mountain adventure company Mountain Tracks.

The two companies will continue to operate under their respective brand names. The Ski Club has run a holiday programme since the 1970s, featuring skiing weeks and weekends providing group holidays matching skiers of a similar ability.

Radrizzani scores 50% Leeds United stake

Leeds United owner Massimo Cellino has confirmed he has sold 50% of his stake in the English Football League (EFL) to Andrea Radrizzani.

Radrizzani is co-founder of global sports media agency MP & Silva and purchased the stake through Aser Group Holding, through its acquisition vehicle Greenfield Investment.

Cellino will still maintain a 50% share despite an impending 18 month ban given by The Football Association (FA) in December, relating to a payment of £185,000 made to an unlicensed agent during the sale of striker Ross McCormack in 2014.

Chelsea nets loss despite record turnover

Premier League leaders Chelsea FC has reported a net loss of £70.6m for the 2015-16 financial year, despite posting record turnover, largely due to the decision to buy out the existing kit deal with adidas and the compensation paid to José Mourinho following his sacking last December.

Total sales of £329.1m represented a 5% rise on £314.3m the previous year, but an overall profit of £4.7m was swallowed up by the "exceptional costs".

5 sports lose funding for Tokyo 2020

Badminton is one of five sports to lose all its UK Sport funding for the Tokyo 2020 Olympic and Paralympic Games, with a total of £345m to be invested in 31 Olympic and Paralympic sports.

The total - £2m less than the record £347m allocated for the Rio Games – also see archery, fencing, weightlifting and wheelchair rugby miss out completely.

UK Sport has set Team GB a target of winning 51-85 Olympic medals, and 115-162 Paralympic medals in Tokyo. Team GB claimed 67 Olympic medals and 147 Paralympics medals at Rio 2016.

The FA close to record Nike deal

The Football Association (FA) is close to agreeing a £400m extension to its partnership with Nike, according to reports.

If reports are correct, it would be one of the biggest national kit deals in history, with the US sports brand signing a 12-year extension. It would also make the deal second only to the German national team’s kit sponsorship with adidas.

The new long-term partnership is reported to be announced within days and the scale of Nike’s backing of The FA marking a significant improvement on the existing deal.

Tickets back on sale for London 2017

London 2017 has announced that IAAF World Championships London 2017 tickets are now on sale on a first-come, first-served basis.

Tickets for all sessions will be available from Tuesday 29th November including the men’s 100m Final, 200m Final, all Relay Finals, and the 10,000m Final.

Tickets going back on sale include all those not purchased in the ballot and tickets released back for sale due to failed customer payments – meaning a limited number of tickets for the most coveted sessions are once again on sale.

ICC announces record women's world cup ticket sales

The International Cricket Council (ICC) has announced that ticket sales for next year’s ICC Women’s World Cup Final have broken previous attendance records, eight months ahead of the match at Lord’s.

So far over 5,500 people have purchased tickets pre-sale and the week-long ticket ballot which took place during October, the first time this has taken place for the women’s tournament.

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