Happy New Year from us to you, and thanks for clicking through to the first Leaders Digest of 2021. This is David Cushnan in for James Emmett – good to have you along and here’s to a better and brighter 12 months ahead.
You may well have new colleagues joining you this week, looking for the company Zoom logins and keen for ways to keep bang up to date with what’s happening across the global business of sport. Can’t help with the passwords, but for knowledge do send them here to subscribe and receive the Digest each fortnight. They’ll thank you later.
3 Questions, Answered
1.) What’s the plan?
Short term, it’s a glut of major events (let’s hope) over the next 12 months: the Tokyo Olympics and Paralympics, a pan-European Euros, the Ryder Cup, a Lions tour of South Africa, the Ashes, the America’s Cup, Women’s Rugby World Cup, simultaneous Rugby League World Cups, the longest F1 season yet plus all the usual staples of the sports calendar. But keep at least one eye on final preparations for the Beijing 2022 winter Olympics (13 months away), the next Commonwealth Games, in Birmingham (19 months way), and Asian Games, in Hangzhou (20 months away) and Qatar 2022 (now less than 24 months away), plus the ongoing planning for the next three Olympics in Paris, Milan-Cortina and Los Angeles, 2022 women’s Euros, to be hosted by England, and the next men’s Rugby World Cup, France 2023.
3.) Anything else?
Plenty. Expect further progress over the next 12 months on the next tranche of mega-event hosts, the 2030 and 2032 Olympics and the 2030 men’s World Cup. All this plus the creep of technology, rapidly changing consumer habits, the ongoing need for the industry to diversify, a deeply uncertain financial outlook, sport’s role as a platform for change, shifts in the way we all work and travel, and the dizzying unpredictability and impact of a global pandemic. If you’re currently looking at a blissfully empty diary, it won’t be that way for long.
Global consulting firm Altman Solon have been following the numbers for their latest report on investor perspectives in sport, and here they’ve examined the share price change over time of publicly traded sports companies.
New owners at Burnley
Velocity Sports Partners has completed its takeover of Premier League club Burnley. The sports investment arm of US management firm ALK Capital now holds an 84% share in the club, with managing partner Alan Pace – once CEO of MLS club Real Salt Lake installed as the new club chairman.
Pacific Media Group adds to portfolio
French Ligue 2 club AS Nancy has been sold to a consortium which includes Pacific Media Group. It’s the fourth club in Pacific’s European football stable, following investments in Switzerland’s FC Thun, Belgian side KV Oostende and English club Barnsley.
Shanghai building esports centre
Construction is underway on the world’s biggest esports project. Cost? US$898 million.