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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

Ex FIFA duo Blatter, Platini cleared of fraud in Swiss trial

Former FIFA President Sepp Blatter and France footballing legend Michel Platini were both cleared of corruption charges by a Swiss court on Friday after a seven-year investigation during which they were booted out of the sport. A judge said the pair’s account of a ‘gentlemen’s agreement’ for FIFA to pay Platini 2 million Swiss francs […]

A-listers to splash cash on extravagant World Cup parties

A star-studded line-up is set to splash out on after-parties at the Qatar World Cup, according to the region’s event planners. F1 champion Lewis Hamiliton, supermodel Bella Hadid and singers Usher, The Weeknd and French Montana are among the celebrities flying out for the winter tournament, said Bally Singh, founder of the Rich List Group. […]

The pros (and cons) of big stars backing your business

As French footballer Paul Pogba becomes an angel investor and brand ambassador for Islamic fintech Wahed, we look at the benefits and pitfalls of celebrities from David Beckham to Jay-Z teaming up with brands When global Islamic fintech Wahed announced its latest list of investors, Paul Pogba, the Manchester United and French international footballer, stood […]

Football stars who invest in startups

Cristiano RonaldoIn 2012, Ronaldo invested in a startup named Mobitto, a Portuguese app, while also becoming a brand ambassador. In 2017, he purchased a minority stake in the Portuguese agency Thing Pink, responsible for the technology in the CR7 museum in Funchal, Madeira.  David BeckhamFormer Manchester United and Real Madrid star Beckham reportedly invested $319,000 […]

Pearl Lounge

Most lavish World Cup package costs $1.6m – hotel not included

UAE residents have bought 7,500 hospitality packages for the Qatar World Cup, with the most expensive option costing an eyewatering $1.6 million. Football fans wanting to attend Qatar 2022 matches have two routes: FIFA's ticket lottery, where prices start at 40 riyals ($10.99) for Qatar residents or 250 riyals for international supporters, or one of the official hospitality packages, which begin at $950.

Anthony Joshua lost his titles to Oleksandr Usyk when they first met last year

Saudi to host Joshua-Usyk heavyweight title rematch

Saudi Arabia confirmed today that it will host the world heavyweight boxing clash between champion Oleksandr Usyk and Anthony Joshua on August 20 as the kingdom cements its status as a global sporting destination.  In a statement, the Ministry of Sports announced that the Red Sea city of Jeddah will host the rematch between the […]

Dustin Johnson, at No 13 in the world, is the highest ranked player in the field and stands to earn $125 million from the series

LIV Golf tees off amid smears and controversy

Rival PGA Tour bans players for chasing ‘boatloads of cash’ Heated politics have overshadowed play in what is fast becoming golf’s most controversial tournament in history – the Saudi Arabian-funded LIV Golf Series. Teeing off on June 9, the LIV Series’ inaugural UK event clashed directly with the start of the RBC Canadian Open, an […]

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 […]