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...Additional reporting by Josh Noble...
...The Italian team was sold to private equity group RedBird Capital Partners for €1.2bn, the highest price paid for a club outside the English Premier League....
...It is also exploring the sale of its US women’s team, OL Reign, which could fetch about $50mn based on the recent sale of a new team franchise in the same league....
...Last year set a new record for sport-related investment, thanks to a handful of large transactions including the $6bn sale of the Washington Commanders NFL franchise to Apollo co-founder Josh Harris and...
...Kang also owns teams in the US and France....
...The push to cap spending as a multiple of the poorest club’s income is designed to halt spiralling wage and transfer costs that have outstripped rising income at many clubs and led to years of losses at teams...
...“To create this kind of team, it’s the role of all CEOs. When you create a strong team, it can overcome any problem and reach all goals.”...
...Isabel BerwickAnd Josh. Josh Gabert-DoyonThank you very much....
...Sun’s team doctor said the drug had been prescribed to treat a heart condition. Sun was later handed a lengthy ban for a separate doping violation....
...While multibillion-pound TV deals have made the Premier League the richest club contest in football, many teams further down the pyramid are under financial strain....
...English football club Nottingham Forest has been docked four points by the Premier League for breaching financial rules, becoming the second top tier team to be punished this season for overspending....
...Investment has been pouring into F1 teams on the back of its US success. Forbes estimates the Red Bull team is worth $2.6bn....
...The firm also owns a significant minority holding in the United Rugby Championship, an annual tournament featuring teams from Ireland, Italy, Scotland, South Africa and Wales....
...The organisers said they had briefed all the teams to ensure they were “as safe as possible”....
...The 24,000-seater Select Car Leasing stadium used by the team is owned separately by Dai....
...So their main ways in which they’re making money today is selling access to ChatGPT, either at scale to enterprises or small teams, where they charge a monthly sort of fee of $25 to 30 per person per month...
...Josh Lustig is the deputy photography editor of FT Weekend Magazine....
...In addition to its Formula One team, Red Bull owns several professional football teams and sponsors a range of other sporting events....
...He also said another batch of clubs was set to be privatised before the end of the season in May, potentially bringing in fresh capital to teams that were not active in the transfer market last year....
...Many teams are also adjusting to a period of softening demand for broadcast rights, the financial lifeblood of European football....
...The so-called 50+1 rule limits the involvement of outside investors in German football by ensuring that club members retain control of their teams....
...German football already has rules that limit the involvement of outside investors in team ownership....
...Josh Noble It’s certainly harder for smaller teams to make the numbers work, but it’s just a necessity. You know, you can’t play in a stadium that was built in 1925 forever....
...“After being made aware of certain recent allegations, the company launched an independent investigation,” Austrian energy drinks company Red Bull, which owns the team, said, without giving any details of...
...The team is chasing promotion this year, and is currently mid-table but still with a good chance of making the play-offs....
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