Business

Japan's three-times Grand Slam tennis champion Naomi Osaka has invested in National Women's Soccer League (NWSL) team North Carolina Courage to become a team owner, the U.S. top-flight club said on Thursday.

"The women who have invested in me growing up made me who I am today, I don't know where I would be without them," Osaka, the world number three, wrote on Twitter. "Throughout my career I've always received so much love from my fellow female athletes so that's why I am proud to share that I am now an owner of the NC Courage."

Madridistas, Culés, Colchoneros, Sevillistas and anyone that enjoys seeing the beautiful game played beautifully in one of the world’s most awe-inspiring countries rejoice: ESPN is reportedly on the verge of acquiring the U.S. rights to LaLiga! 

If you’re FC Barcelona, do you want the good news first, or bad news? The good news is that, according to Deloitte’s annual report for the world's richest soccer teams 2021, Barcelona was the highest-earning club in 2020! The bad news is that total revenue was decreased by nearly $153 million, a precipitous fall of 15 percent from 2019’s earnings. Oh, and you’re also $1.46 billion in debt.

World soccer's governing body FIFA says players who feature in any breakaway European Super League would be banned from playing in FIFA competitions, including the World Cup.

In a joint statement with European governing body UEFA and the other five continental confederations on Thursday, FIFA said they would not recognize any such breakaway.

Bayern Munich CEO Karl-Heinz Rummenigge has said UEFA President Aleksander Čeferin is weighing up whether to stage the European Championship in one country this year rather than across the continent as planned due to COVID-19 concerns.

However, UEFA responded by saying it was continuing to work on existing plans for 12 countries to host the tournament. The 24-nation event, a major revenue generator for European football's governing body and the national federations, was postponed by 12 months due to the pandemic.

Montreal's MLS club bid adieu to the Impact nickname Thursday and rebranded as Club de Foot Montreal, or CF Montreal for short.

The club made the announcement and unveiled a new logo during a virtual press conference.

When Spain's soccer federation signed a lucrative deal in 2019 to export its rebooted Super Cup to Saudi Arabia, they did not envisage matches in empty stadiums across southern Spain and tired teams negotiating record snowfall in order to get to them.

But that is what they will get when the mini-tournament begins on Wednesday after coronavirus restrictions in Spain and the gulf state forced organizers to overhaul their initial plans and re-think the competition to fit today's unprecedented times.

Elite women’s sports are predicted to generate $1 billion in revenue in 2021.

With just a fraction of the investment dollars and comparatively paltry marketing and promotional budgets compared to those allocated to men’s sports, this is conceivably a conservative estimate. As sport emerges from the challenges imposed by COVID-19, women’s sports are becoming a lucrative business opportunity. Don’t believe us? You’re not alone.