NEWS OF THE WEEK

March 10, 2023 – March 16, 2023 Sport Business and Innovation News
News of the week

LAFC AND BAYERN MUNICH LAUNCH JOINT VENTURE TO DEVELOP TALENT | # PARTNERSHIP

The aim is to develop young talent and provide them a pathway to first-team football. The corporation’s name will be “Red & Gold Football”, and the headquarters will be set up in Munich.

MOROCCO SET TO JOIN SPAIN AND PORTUGAL IN 2030 FIFA WORLD CUP BID | # FIFA

Morocco’s government has announced it will join Spain and Portugal in a bid to co-host men’s football’s 2030 FIFA World Cup

777 PARTNERS BECOMES MAJORITY OWNER OF HERTHA BERLIN | # SPORTBUSINESS

US private equity investor 777 Partners has added Hertha Berlin to its football portfolio after concluding a deal to acquire a majority stake in the company, which operates the German Bundesliga club’s sports teams

SCOTTISH FOOTBALL’S SFA, SPFL AND SWPL FORM A COMBINED COMMERCIAL ENTITY | # GOVERNANCE

The SFA, SPFL and SWPL have announced the creation of a centralised commercial operation that they vow will revolutionise the promotion and marketing of the national game in Scotland.

SCOTIABANK REMAINS TITLE SPONSOR OF CONCACAF CHAMPIONS LEAGUE | # SPONSORSHIP

Scotiabank has agreed to renew its wide-ranging partnership with Concacaf, football’s governing body across North and Central America and the Caribbean.

SPORTRADAR WINS MAJOR BID FOR ATP RIGHTS | # SPORTBUSINESS

Sportradar has won the ATP Tour’s global data and betting streaming rights in a six-year contract from 2024 onwards.

FANATICS ADDS BELGIAN FA TO BURGEONING INTERNATIONAL PORTFOLIO | # PARTNERSHIP

Fanatics has further expanded its international soccer portfolio through a new e-commerce and merchandising deal with the Royal Belgian Football Association (RBFA) governing body

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