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Business of Sport

Sports business news from the Middle East. All the important stories, exclusive interviews, plus authoritative opinion and analysis

Qatar is hoping to appeal to fans from all generations

Qatar 2022: A smart investment or a $200bn folly?

Doha is banking on long-term economic gains from the World Cup to offset the negative attention it has received since it won the hosting rights  When Qatar won the right to stage the 2022 FIFA World Cup in 2010 it shocked much of the footballing world.  By beating Australia, South Korea, Japan and the US, the […]

Phil Mickelson plays in the Pro-Am ahead of the inaugural LIV Golf Invitational

Gulf riches has legacy sports events quaking in their boots

Phil Mickelson’s self-imposed break from golf has ended with a $200 million golden handshake. The six-time major winner stepped down from the game in February after issuing a string of controversial comments about Saudi Arabia and the PGA Tour but has announced his return for the PIF-backed LIV Golf Invitational Series. In a statement on […]

Mickelson has been on an unforced break from the game following his controversial comments about the Saudi breakaway tournament

Mickelson returns to play in Saudi golf series – for $200m

Phil Mickelson ends his self-imposed break from golf this week to tee it up at the LIV Golf Invitational Series. The six-times major champion has been added to the field for the Saudi-backed league following a four-month hiatus amid a backlash over comments he made about the breakaway tour. “I am ready to come back […]

PGA Tour renews threat of ‘disciplinary action’

The PGA Tour on Wednesday reiterated a warning to members who choose to compete on the LIV Golf Invitational Series and said those who do feature on the Saudi-funded breakaway circuit would be “subject to disciplinary action”. The field for the inaugural LIV Golf event — to be held June 9-11 at Centurion Club outside […]

Formula One appoints Shaila-Ann Rao as new interim head

Shaila-Ann Rao, who was previously a special advisor to Mercedes team boss Toto Wolff, took over as interim head of Formula One at the governing FIA on Wednesday in place of departed Peter Bayer. The Paris-based FIA, which voted in Emirati Mohammed Ben Sulayem as president last December to succeed departing Frenchman Jean Todt, thanked […]

Lusail stadium, Qatar

FIFA: ‘We have not lied about Qatar emissions’

FIFA has rejected a report that claims Qatar 2022 will rely on “flimsy” offsets to meet its pledge to host the first carbon-neutral World Cup. The report, compiled by climate advocacy group Carbon Market Watch, alleges that Qatar, the world’s largest producer of natural gas, is omitting some greenhouse gas emissions from its calculations and […]

Chelsea FC's Stamford Bridge

Roman era ends as Abramovich completes sale of Chelsea FC

Roman Abramovich has completed the sale of Chelsea FC to an investment group led by Todd Boehly and Clearlake Capital, the Premier League club said on Monday. The consortium, which won the bid to acquire the London side earlier this month, received approval from the Premier League and the British government last week. A final […]

Zlatan Ibrahimovic helped AC Milan win the Serie A title this season

Bahrain’s Investcorp ends talks for AC Milan buyout

Investcorp and US fund Elliott have ended talks over the buyout of Italian soccer champions AC Milan, a top executive of the Bahrain-domiciled asset manager said. Reuters last week reported that Investcorp had put on hold its plans to purchase the club, which is owned by Elliott, clearing the way for US investment firm RedBird […]

Emir Tamim Bin Hamad Bin Khalifa Al Thani

Some still can’t accept Qatar hosting World Cup, says emir

Qatar’s ruler, Sheikh Tamim Bin Hamad Al Thani, has told Davos the Middle East has suffered discrimination for decades, in a speech addressing critics of the emirate hosting the World Cup. Speaking at the World Economic Forum in Switzerland, the emir said there were still those who were unable to “accept the idea that an […]

Pep Guardiola holds the Premier League trophy for the sixth time after Manchester City defeated Aston Villa

The cost of being champions: Manchester City’s $2bn investment

Abu Dhabi-owned Manchester City won its fourth English Premier League title in five years yesterday, netting £44 million ($54.4 million) for finishing top. That figure pales into insignificance against the estimated $2 billion total investment made by Abu Dhabi royal Sheikh Mansour following his takeover of the club in 2008. But the business acumen that […]

Qatar, Turkey won’t replace cancelled Russian Grand Prix

Formula One’s 2022 season will be reduced to 22 races after the sport said on Wednesday it would not be replacing the cancelled Russian Grand Prix on Sept. 25 despite interest from other countries. Formula One had scheduled a record 23 rounds this year but the race in Sochi was called off in February and […]

Artist's impression of the planned cliff-top football stadium in Qiddiya, Saudi Arabia's entertainment and sports complex south-west of Riyadh

Qiddiya: A sports and arts revolution

Marketed as the kingdom’s capital of entertainment, sports and the arts, Qiddiya is beginning to take shape 45 minutes’ drive south-west of Riyadh. First announced in 2017 as part of Vision 2030, Qiddiya has a dual economic and social purpose – to contribute to the advancement of Saudi Arabia’s economic diversification and to open up […]