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 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.
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.
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.
Daily fantasy sports companies, Draftkings and FanDuel, have agreed a merger following the companies’ $12m settlement over false advertising claims with the New York attorney general last month.
The merger, although agreed, must be approved by regulators and both companies have stated they expect the deal to close in the second half of 2017, operating under individual brands until then.
ASICS has announced growth across the EMEA region between January and September 2016, with the sport performance brand delivering an overall 4% increase in net sales to €695m.
ASICS stated that the sales increase was largely driven by strong growth in running, ASICS’ key category, with running footwear increasing by 6% and apparel by 3%.
Another key contributor is the brand’s lifestyle category, ASICS Tiger, which grew 54%, compared with the first three quarters of 2015. Sales in ASICS’ own retail outlets grew by 16%.
Alibaba is set to invest £82m ($100m) into Chinese rugby over the next ten years in a joint initiative with World Rugby to grow the game in the country.
Alisports - the sport arm of e-commerce company, Alibaba - will look to recruit 1 million new players into the sport within five years.
The investment will aid efforts to set up programmes in 10,000 schools and universities and train 30,000 coaches as well as launch the first professional leagues for men and women in China. In addition, a national sevens programme will also be set up.
Premier League side Manchester City has announced it has almost doubled its profits to £20.5m in 2015/16.
It marks the second year of profitability for the club, which had earnings of £10.7m last year. In a statement, the club said it had generated record revenues of £391.8m in the year up until 31st May, an increase on the previous year’s figure of £351.8m.
Amaury Sport Organisation (A.S.O), owner of Le Tour de France, and organiser of runs and sportives in Europe, such as the Paris Marathon and L’Etape du Tour, has completed the purchase of Human Race Events.
For the last 26 years, South West London based Human Race has been organising mass participation events, such as the London Winter Run, Windsor Triathlon and Dragon Ride L’Etape Wales.
Sport England has awarded Commonwealth Games England (CGE) £4m of National Lottery funding to support Team England for Australia’s Gold Coast in 18 months’ time.
The funding, alongside the cash CGE raises from sponsors, will enable Team England to create the best possible performance environment for the athletes, coaches and support staff. This will include a preparation camp prior to the Games, and all the support services that athletes require.
The Sport Industry Daily
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