2024 Paris Games And Summer Rains That Brought New Life To World Sport

Olympic advisor Michael Pirrie outlines how Paris has now joined London and Sydney in hosting monumental Games that have brought the world together around epic sport. 

The dramatic Paris rains that shadowed the Olympic Opening Ceremony of boats and athletes down the Seine also returned for the closing of the Paralympics, bookending a unique summer of sport that both weathered and captivated a world in crisis

The driving rains would clear and reveal a landscape of stunning Paris landmarks and backdrops that enthralled a troubled world.

The settings for the Paris Games will live long in the world’s memory of the Summer of 2024

Rarely, if ever, has sport been showcased in as many wonderous city locations – from the yellow, orange and red settings of the sun behind the Eiffel Tower to the light shows that followed, illuminating the Arc de Triomphe and grandeur of the Games

PINNACE OF SPORT

Paris 2024 was a reminder the Olympic Games and Paralympic Games are still far ahead of other major events on the global sports calendar, with a unique capacity to bring the world together even in dark times.

The Games provided a temporary escape hatch in troubled times. 

The world gathered in one city as teams from more than 200 nations and territories journeyed to Paris against a backdrop of growing political oppression, economic and social inequality and climate change and uncertainty.

This was the biggest gathering of the global community since the Covid pandemic. 

It was also a unique show of trust in sport.

Paris reinforced the Olympic Games and Paralympic Games as the summit of world sport, with stunning, soul stirring performances that captured the imagination of a crisis exhausted world.

Set in the centre of one of the world’s most vibrant cities for culture, literature, film, fashion and architecture, the Paris Games resembled a sporting utopia as enticing as nearby Disneyland.   

As well as bringing a divided world together, the Paris Games united a doubtful host nation, fearful of the extreme far right and political gridlock from pre-Games elections and terrorism that has stalked France in recent times.

The success of French athletes on the medal tables radiated across Paris and France and transformed the mood of the host nation.

The Games was a victory for sport over politics. 

While the parliamentary elections called by French president Emanuel Macron divided the nation, France united behind the Games that Macron had championed since the start of his presidency.

France rallied around its superstar swimmer Leon Marchand and fellow athletes who filled the post-election political vacuum and lifted the nation.

Paris 2024 was important for the worldwide Olympic Movement. 

The Refugee Olympic Team won its first medal, and athletes from every cultural, religious and faith background silenced extreme right wing political groups whose anti-immigration rhetoric threatened the peaceful coexistence of nations and other core Olympic values.  

Paris also transcended sport and revealed more about the human condition and condition of the planet.

In a gender equal Games, female athletes made lasting impressions that embodied the wider world surrounding the Games

The US gymnast Simone Biles symbolised the world’s recovery from Covid, and, after withdrawing emotionally and physically exhausted from the Tokyo Games during the pandemic returned to win more gold in Paris.   

Meanwhile, US basketball star Brittney Griner, who had been  kidnapped by Russian dictator and mass murderer Vladimir Putin on the eve of his full scale invasion of Ukraine, won gold with her team in the last event on the Paris competition schedule after rebuilding herself following a dramatic prisoner swap.

The gender identity boxing controversy which engulfed the Games, complicated by the credibility of the IBA and its Kremlin linked leader, showed the dispute over chromosome doping has deep social and cultural overtones as well as biological origins. 

Athletes from all backgrounds and abilities created jaw dropping performances that transfixed the world.

Athletes, like the armless teenage archer, Sheetal Devi, who reinvents what is possible in sport and in life with every arrow she aims and fires during a routine of precision timing, movement and vision rarely seen in sport.

Instead of her arms, which are not fully formed due to a birth defect, the 17-year-old medallist from a remote northern India village, grips her bow between her toes and lifts it with her right leg, before pulling the string back with her shoulder and releasing the arrow with her jaw.

“Archery changed my life. Before, I used to live in a small village and then I started para-archery. I saw that people with disabilities could also do something,” said Devi, who is also an ambassador for a jewellery brand, travels the world, and is on target to become one of the most famous archers since Robin Hood.   

NEW GAMES MODEL

Paris was also a unique elite sports event laboratory for a new Games model based on reforms designed to reduce the costs and complexity of the Games while increasing the appeal and long term legacies and benefits from hosting.

The new model, a priority of outgoing IOC president, Thomas Bach, relies heavily on extensive use of existing and temporary venues and spaces instead of new stadiums in order to make the Games more affordable and sustainable with a smaller carbon footprint.

The focus on adapting and using existing venues, spaces and settings to host major sport is also part of a wider global effort by international federations, governing bodies and governments to contain spiralling costs of major events. 

The success of the Paris Games was built around the London model that moved sport into the heart of the city and surrounding public spaces and buildings and selected ahead of the French capital to host the 2012 Games.

“I told myself it was not worth putting the whole city in motion, under stress, if we bid on the Games and lost again,” Paris Mayor Anne Hildago, said in a recent interview.

“Then the athletes came to me, they told me, ‘We have ideas, we have studied how London knew how to win.’ ”

The Paris ‘Games Wide Open’ masterplan was also influenced by the Sydney 2000 Olympic Games which brought a breakthrough party atmosphere to the Olympic sports event experience, overseen by recently retired senior IOC vice president and trusted Bach advisor, John Coates, one of this generations most influential and successful Olympic Games strategists.

 “…Sydney is really the first time the Games were brought to the people, out in the streets for them to enjoy and party,” according to IOC Executive Director, Christophe Dubi.

The success of the Paris Games has helped to cut through a decade of gloom over the affordability and integrity of major international events following the doping and budget scandals of the notorious Sochi 2014 Winter Olympic Games that rocked the sports world.   

There have been profound legacies for Paris, with the Financial Times describing the Games as “the city’s happiest collective experience since, perhaps, the Liberation in 1944.”

The benefits from the Games include new rail and metro line extensions connecting under developed neighbourhoods that hosted Olympic and Paralympic events with central Paris.

There will also be more affordable accommodation in the converted Athletes Village, enhancing life in poorer communities

While the high profile cleansing of the Seine remains vulnerable to adverse weather,  the final completion of the river’s restoration looms as a significant community and environmental milestone that may also help to revive other polluted waterways in Europe’s capital cities.

The biggest immediate impact may be felt in homes, schools, offices and communities across Paris.

While the confidence and outlook of Paris and France were rocked by a series of devastating terrorist explosions and violent fundamentalist attacks in recent times, pre Games threats to sabotage the Olympics failed.

The attempts to instil fear failed to deter residents from attending the Games and filling venues – even after a terrorist plot targeting Taylor Swift concerts in nearby Vienna was foiled.

Parisians refused to succumb to fear and were resilient in the face of violence that had darkened France and Europe following Russia’s murderous invasion of Ukraine and the return and reactivation of fundamentalist terror cells on the continent.

  “We needed to do something very powerful, very strong, very engaging for young people,” said the Paris Mayor, a driving force to bring the Games to the French capital.

“I saw the disarray, the fear, the anxiety. I said to myself ‘How can we turn this around. Something must be done. We must seize this opportunity that the Olympics and Paralympics are, to do what we have to do,” she said in relation to the toll from terrorism on her city.       

 CONCLUSION

Paris has joined Sydney and London in hosting iconic Games that have impacted and inspired the world.   

The trinity of Games provide essential lessons for future international organisers to help future proof their events in the current prolonged period of global change and unpredictability  

SPORTEL confirms its leading position with 2024 Monaco flagship event and pursues international expansion in 2024 & 2025

SPORTEL Monaco 2024: A highly anticipated return and exciting new developments!  

SPORTEL Monaco, the unmissable event for sports media rights and technology professionals, is excited to announce its 2024 flagship conven8on. From 28 – 30 October, the Grimaldi Forum in Monaco will once again host industry leaders for three days of conferences, exhibitions, and networking, centered around the most important market floor for sports media. 

As always, SPORTEL Monaco will bring together influential industry players, such as the legendary LALIGA President, Javier Tebas and for the first time following the broadcast success of Paris 2024, Yiannis Exarchos, CEO, OBS and Execu8ve Director, OCS, plus J. Michael Evans, Director and President, Alibaba Group and many more, to discuss the key trends and innovations shaping the future of sports media. A rich programme of expert Masterclasses and case study presenta8ons, plus a new sports and generative AI  workshop in collabora8on with SVG, will complement the business activities and meetings  throughout the three-day event. 

I am committed to upholding the high standards of excellence that have always defined our event. This year is already shaping up to be a great success, with the exhibition space nearly sold  out and the addition of a new conference innovation stage to accommodate an even richer  programme. More new features are coming before the event begins, including an inspiring  Women’s Lunch, to shape the world of business and beyond. I am excited to welcome our  community back to Monaco for what promises to be an exceptional event,” announced Loris  Menoni, Execu8ve Director of SPORTEL Monaco. 

Access the registered companies list 

An Afternoon of Insights, Innovation and Networking  

In December 2024, SPORTEL is expanding its horizons with the launch of SPORTEL Talks New York, a new ini8a8ve that promises to be an end of year industry highlight in the city that never sleeps. Scheduled for 16 December, SPORTEL Talks New York will be co-located with the SVG  Summit NYC (16 – 17 December), the premier event for sports produc8on professionals. This partnership brings together a unique blend of influen8al leaders, innovators, and professionals in the sports media and technology industries.

Unlike SPORTEL’s traditional multi-day events, this new Talks format, offers an intense afternoon of high-impact discussions, thought leadership, and unparalleled networking opportunities in an exclusive seing. SPORTEL Talks New York focuses on creating an intimate environment where meaningful conversa8ons take center stage. 

Seize the opportunity to be part of SPORTEL’s next chapter in New York!  

New York has always been a destination wish list by the SPORTEL community for us to host an  event, as a pulse of sports media in North America and with major broadcasters and US and European leagues all having a presence here. SVG have been a respected partner and parallel industry driver for many years, and it was a natural next step when invited, to co-locate this new short SPORTEL format at their flagship New York event to explore even greater synergies between the sports business and sports tech communities”, said Laurent Puons, CEO of  SPORTEL. 

The Return of SPORTEL Miami in 2025: Uni8ng global sports media & tech execs stateside  

Last but not least, Miami will host once again a new edition of SPORTEL America, from 1 to 2 April, 2025, at the prestigious JW Marriot Miami, ideally located in the vibrant waterfront and financial district of Brickell. 

This two-day market and summit will bring together key decision-makers from international media rights holders, TV networks, streaming platforms, as well as sports tech companies and  start-ups from across the Americas and beyond. 

It will be a unique opportunity to engage and connect with the dynamic SPORTEL community and participate in innovative masterclasses and presentations as well as targeted networking sessions designed to foster partnerships and business opportunities. 

Following strong demand from our community, we are thrilled to announce the much anticipated return of SPORTEL America to its historic home, Miami. We’ve carefully selected the  dates, to take place just before the NAB in Las Vegas, allowing our participants to maximise their presence at both key events. We look forward to reuniting the global sports media and tech  industry in this vibrant and iconic location.” explains Agnes Marsan, Executive Director of  SPORTEL Miami. 

Registration open on 28 October ! 

ECB signs Zoopla as official property partner

The ECB has signed Zoopla, one of the leading UK property websites, as the Official Property Partner of England Cricket. The partnership will take Zoopla, and cricket, to new audiences across England and Wales.

Zoopla will have nationwide presence at key cricket grounds across the country through advertising and broadcast TV, reaffirming its position as the first place the UK comes to for property prices and to sell and the second most visited property site.

This included the third Rothesay Men’s Test Match at The Kia Oval vs Sri Lanka and the upcoming Men’s series against Australia, including three IT20 games and four ODIs.

Zoopla will also be working with the ECB to sponsor national grassroots initiatives and meaningfully contribute to the development of the cricket community in England and Wales.

Tony Singh, Chief Commercial Officer at the ECB said: “We are delighted to announce this new partnership with Zoopla. Working with such a well-known brand will help to take cricket into the heart of even more communities. As well as seeing Zoopla at our venues, we’re also excited to work with them on grassroots initiatives, supporting our ambition to become the most inclusive team sport in England and Wales.”

Commenting on the partnership, Charlie Bryant, CEO of Zoopla and Houseful said: “We are delighted to be partnering with England Cricket as its Official Property Partner. Like Zoopla, which is known by over 90% of UK adults, cricket is part of our national fabric and we are excited to be supporting it at the national through to grassroots level.”

“Empowering Women’s Football: Aintzane Encinas on Leadership, Equality, and the Future of the Game”

iSportConnect’s Taruka Srivastav had a chat with Aintzane Encinas, former international football player, current ambassador of LALIGA and founder of Tiximist Foundation to find out about how she is giving back to the game and empowering women’s football.

Can you tell us a bit about your career in football and how it led you to become president of the Tximist Foundation?

My career in football started at a very young age. I have always been passionate about sport and I found in football a way to express myself and grow both personally and professionally. I started as a player in local teams, then at Real Sociedad as a professional player and, during this time, I discovered my passion for sports management and coaching. As I progressed in my career, I became aware of the lack of opportunities and support women faced in this field. This prompted me to found the Tximist Foundation, with the aim of creating a space where women can develop and lead in football, promoting equality and empowerment.

What inspired you to focus on empowering women’s football through the Tximist Foundation?

What inspired me was the realisation of the opportunity gap for women in all fields globally. During my career, I witnessed the barriers women face in accessing quality coaching, adequate resources and, most importantly, visibility. I wanted to change that, and the Tximist Foundation was born as a response to that need. We want to give women the tools and support they need to reach their full potential and be recognised for their talent and dedication.

What is the main mission of the Tximist Foundation and how does it aim to impact women’s football?

The main mission of the Tximist Foundation is to promote women’s equality, leadership and empowerment using football as a vehicle. We want to create an environment where women can fully develop, whether as players, coaches or leaders within the sport. Our impact is based on providing access to education, resources and opportunities that were previously limited or non-existent, helping to build a solid foundation for the future of women’s football. It is based on generating referents in giving visibility with campaigns that help us generate awareness and support for girls and women.

What are the biggest challenges currently facing women’s football, both locally and globally?

The biggest challenges include the lack of investment in infrastructure and specific programmes for women, social inequalities, lack of training, poor media coverage and lack of role models. At a global level, challenges include the high drop-out rate from sport at an early age, poor access to resources and football (even more so for girls) and the consolidation of competitive and sustainable women’s leagues, while at a local level it is about generating interest and support from the grassroots, from young players to clubs and federations, mentoring, training and leadership.

How does the Tximist Foundation address these challenges?

The Tximist Foundation addresses these challenges on multiple fronts. We work on the creation of training and development programmes for female players and coaches, we collaborate with clubs and schools to promote the inclusion of women in their structures, and we organise events that make female talent in football visible. We also strive to increase the media representation of women in sport, which is key to changing public perception and generating more support.

Can you describe some of the key programmes or initiatives that the Tximist Foundation has implemented to support women in football?

Our main event is the TXIMIST CUP, an international tournament for clubs invited for their work for women’s football, where we compete in 3 categories: U14, U17 and LEGENDS. As you can see, this is the age group with the highest dropout rates and a category for the recognition and generation of referents. In addition to this, one of our key programmes is training for girls and boys with our experienced methodology and international training, in which we offer training in leadership, sports management, coaching and personal development to people who wish to take on leadership roles in football. We also have the She Leads Congress, which connects professionals from the world of football such as sports directors, managers and experienced coaches, sharing their experiences and generating knowledge. We are a Foundation that provides a platform to showcase talent, promoting inclusion and gender equality in sport.

How do you ensure that these initiatives reach and benefit young women and girls from diverse backgrounds?

We ensure that our initiatives reach a diverse audience through partnerships with schools, sports clubs and national and international organisations. We offer scholarships and financial support to ensure that girls and women from the most vulnerable backgrounds have access to different activities and materials. The Foundation works actively to adapt to local needs and to contribute to the developmental needs of girls and boys.

What role do mentoring and role models play in your programmes and how do you involve successful athletes in your initiatives?

Mentoring and role models are central to our programmes. We believe that young girls need to see real examples of women who have achieved success in football to motivate them to believe in their own abilities. We involve successful sportswomen in our initiatives by inviting them to participate as mentors, speakers and coaches in our programmes. These women not only bring their experience, but also inspire and guide future generations.

How important is collaboration with other organisations, clubs and institutions in achieving the Foundation’s goals?

Collaboration is essential to the success of the Tximist Foundation. We work hand in hand with different partners, sports clubs, educational institutions and other organisations dedicated to women’s empowerment to expand the reach of our initiatives and ensure they have a lasting impact. We believe that only through strategic partnerships can we create a strong and sustainable ecosystem for women’s football. One of these examples is the collaboration we have with Pixellot, a company that has allowed us to bring the tournament’s footage into homes worldwide, providing visibility and global access to women’s sports.

Can you share any success stories or examples of how your work has had a tangible impact on women’s football?

A clear example of the tangible impact of our work is the Tximist Cup, an international tournament that has allowed more than 10,000 players from different countries to not only compete, but also live their dreams and experience football on a whole new level.

The players not only have the opportunity to compete in a high-level tournament, but also to connect with other players from all over the world, which broadens their horizons and shows them that their dreams in football are achievable. The Tximist Cup is not just a tournament, it is a platform that helps players build confidence, establish international links and, above all, believe in their future in football.

Another success story was shared at this year’s ‘She Leads’ conference. The case of a girl from India who came to receive training as a coach that changed her life. In India, access to sport and even the voice of women is not heard. When she was able to get training, she left the fate that awaited her of getting married at 15, travelled the world as a coach in different places and formed her own platform to help other girls in the same situation in her region. These are things that demonstrate the transformative power that football can have when given the right opportunities. The power of having role models, of seeing that there are other women who are doing it and that it is possible to do it.

How do you measure the success of your initiatives?

We measure success through various indicators, such as the number of women and girls participating in our programmes, the increase in the number of women in leadership roles within football, and the impact on public perception of women’s football. We also collect testimonials and conduct regular evaluations to adjust our strategies and ensure that we are meeting our objectives.

What are your long-term goals for the Tximist Foundation and where do you see women’s football in the next decade?

In the long term, our goal is to establish the Tximist Foundation as a global benchmark for women’s empowerment in football. We want to expand our programmes internationally and continue to influence sports policies to include more women at all levels of football. In the next decade, I hope to see more girls and women enjoying the sport they love.

How do you plan to adapt the Foundation’s strategies to keep up with the changing landscape of women’s football?

We are constantly assessing the landscape of women’s football and adapting our strategies accordingly. This includes incorporating new technologies to improve training and visibility, as well as building partnerships with international organisations that share our mission. We also maintain an open dialogue with players and coaches to ensure that our initiatives respond to their real needs.

As a leader in this space, what advice would you give to young women who aspire to a career in football, either as players or in leadership roles?

My advice would be to never stop believing in your ability to achieve great things. The path may be challenging or complex, but passion, perseverance and commitment always pay off. Look for references, support, surround yourself with brilliant people and never underestimate the power of continuous training. Football is a constantly evolving field, and there are many opportunities for those who are willing to learn and lead with courage.

Chelsea FC unveils Linglong Tire as global partner

Chelsea Football Club has unveiled Linglong Tire, the global tyre manufacturer, as our new official global tyre partner on a multi-year deal.

Shandong Linglong Tire Co., Ltd. is a leading Chinese tyre manufacturing company. The company’s products are exported to 173 countries across the world, covering Europe, the Middle East, the Americas, Asia Pacific and Africa, and provides equipment and services for over 100 manufacturing bases of 60 global well-known automakers.

The partnership will enable Linglong to build on its impressive international growth as a tyre manufacturer with a world-class brand and global sales footprint. As part of the partnership, Linglong will provide the tyres for the Chelsea FC men’s team bus in the UK. In addition, Linglong will further activate the partnership through bespoke content as well as exclusive interactions between our star players and the brand. For Chelsea’s international fanbase, Linglong will collaborate with the club to create engaging content and experiences in key strategic markets, as well as build Linglong’s global presence through pitchside placements with the men’s and women’s teams, at Stamford Bridge.


Casper Stylsvig, Chelsea FC’s chief revenue officer, commented: ‘We are delighted to welcome Linglong Tire as our new official global tyre partner, an ambitious and innovative company who are committed to excellence in manufacturing, service and brand. We look forward to contributing to Linglong’s global growth plans and collaborating with a respected Chinese brand to grow our footprint in China.’

Wang Feng, chairman and president of Linglong Tire, said: ‘Becoming the official global partner of Chelsea Football Club is an important milestone in Linglong Tire’s internationalization strategy. We cherish this opportunity and will fully utilize this to showcase the brand charm and product strength of Linglong Tire to the world. We look forward to working with Chelsea to deliver passion and excellence to fans and consumers worldwide, jointly writing a new chapter in our brand development.’

iSportConnect welcomes CRED as latest client

iSportConnect is delighted to announce CRED as the latest client of its Advisory division.

CRED is an all-in-one intelligent system that allows sports teams, leagues & agencies efficiently find buyers for sponsorship & hospitality inventory. Their platform consolidates data on 70m brands and 900m executives, to ensure our clients have all the intelligent signals they need to approach the right buyer at the right time. CRED seamlessly integrates with CRM, and can generate lead lists of executives who like your team or athlete on social media. 

CRED’s ease-of-use, intelligence and scalability makes them the platform of choice for some of sport’s biggest names, including Aston Villa, Fulham, Brooklyn Nets, Williams Formula 1 team, PGA Tour & United Talent Agency.

Joe Rowland, Head of Partnerships, iSportConnect: “We are delighted to welcome CRED to the iSportConnect network. I have first-hand experience of using the CRED platform and it is without a doubt something that we will see leading organisations use more and more of over the coming years. The sponsorship landscape is rapidly evolving and we are excited to support CRED as they power that change.”

Anthony Meir, Head of Commercial, CRED : “We are thrilled to be continuing our expansion into the Sports Industry through this partnership with iSportConnect. Sports is a tight-knit industry built on trust & relationships, and iSportConnect will help us navigate these waters to ensure more rights holders & agencies are benefitting from the power of CRED.”


iSportConnect Advisory is a full-365 service offering strategic guidance, market positioning and relationship building in sport. iSportConnect is helping many organisations, such as InCrowd, ATPI, Magnifi, Tixr, EXL, mycrocast, Ably and many more, drive new business in sport.

FIM and Dorna extend agreement until 2060

MotoGP rights holder Dorna Sports and the Fédération Internationale de Motocyclisme (FIM) have extended their long-term agreement securing the promotion rights for all Dorna-run FIM World Championships until 2060.

The continuation of this successful partnership guarantees unparalleled value, continuity, and opportunity for MotoGP™ in a rapidly evolving global sporting landscape.

Dorna first secured the promotion rights of the FIM Grand Prix World Championship in 1992. Together, the partnership has expanded the success and popularity of the sport for fans around the world and continues to do so, with MotoGP™ enjoying an impressive trajectory of global growth over recent seasons.

Working in tandem with the teams’ association (IRTA) and the manufacturers association (MSMA), the partnership between the FIM and Dorna underpins an enviable ecosystem within MotoGP™, built on an unrivalled level of consensus that puts the sport first.

In addition to its successes in driving the global growth of MotoGP™, the partnership has also expanded the popularity and reach of motorcycle racing around the world – from grassroots to the highest levels of professional competition. FIM World Championships considered under this agreement, including the MOTUL FIM Superbike World Championship since 2015, the FIM Enel MotoE™ World Championship since 2019, the FIM JuniorGP™ World Championship since 2019 and the FIM Women’s Circuit Racing World Championship since 2023, can now look forward to many more years of success thanks to this extension.

Jorge Viegas, President of the FIM: “This is an incredibly important moment and one that provides long term clarity and security regarding the pinnacle of motorcycle sport. This is not only important for all those directly involved in MotoGP™, but also for the wider motorcycle racing community that reaps the benefits from the global status, value and presence of this leading series.

“The ongoing and ever closer collaboration between the FIM, Dorna Sports and the other key stakeholders is something that has been built over many years, the trust and co-operation that now exists alongside this long-term agreement offer great foundations for the future development of MotoGP™ plus all the related championships. On behalf of the FIM, I would like to express my most sincere gratitude for the work that Dorna Sports has done since 1992 and look forward with great confidence to combining our efforts to ensure the continued growth and success of MotoGP™ for many more years to come.”

Carmelo Ezpeleta, CEO of MotoGP™ rights holder Dorna Sports: “We’re very proud to announce this agreement with the FIM. It is fantastic news for the sport, and our fans around the world, that this partnership is guaranteed to continue. We have built something truly special and will continue to grow the sport even further, working together.

“Being able to come to such a long-term agreement adds incredible value for MotoGP. In the sports and entertainment landscape of today, the level of consensus we enjoy in MotoGP is something we’re privileged to be part of, and it lays fantastic foundations for our sport to continue its trajectory of growth. We want to thank the FIM for their support and we look forward to making MotoGP even bigger and better than ever as we continue our partnership.”

Barbarians at the Pitch: Private Equity and the move into the NFL

Ian Whittaker, Twice City AM Analyst of the Year writes about the recent decision of the NFL team owners voted to allow a select group of private equity firms to acquire up to 10% of teams as valuations rise in recent deals.

Private Equity – or PE as it is shortened to often – is often viewed with mixed feelings by many, a source of well-needed discipline and finance to some, a ruthless money generating machine with no regard for past traditions to others. One only has to look at what has happened in the European football leagues to see both contrasting signs of the coin, as well as mixed successes. However, last month none of this deterred the owners of the National Football League (NFL) in the US from voting to allow PE firms to invest in the franchises. 

I would argue this is probably one of the most fundamentally important announcements when it comes to sports rights globally. 

The agreement may not look much at first sight, given the stringent conditions. The NFL will allow PE firms to buy up to 10% stakes and no more. Moreover, such stakes will be in common equity and not in so-called preferred shares, which often give such holders special rights or privileges. There are only a select – and small – number of PE firms (and one consortium made up of several entities including retired NFL player Curtis Martin) that have been approved to invest and each approved investor has committed to investing at least $2bn in the league, which can be spread across teams. Investors will have to hold their stakes for at least six years and will be capped at investing in a maximum of six teams. 

However, it is more the principle that counts rather than the actual terms. There may be a question of why PE is so interested in expanding its exposure to sports rights given the issues that have arisen in Europe and the financial problems that several of Europe’s football leagues are facing. The simple reason for that is, unlike the European football clubs, the financial stability of NFL clubs has never been stronger.  In Europe, the football clubs are reliant on traditional Pay-TV operators who are now facing major challenges to their business models and who can no longer afford to pay ever increasing amounts for the rights. Crucially, Tech giants have not stepped into the fray because the economics of buying expensive football rights just do not work for these players. 

That is not an issue in the United States. The appeal of the NFL for advertisers is that the NFL dominates live TV viewing in the United States – of the top 100 most watched live TV programmes in the US in 2023, 93 were NFL games. And, with the Tech giants such as Amazon and YouTube looking to seize TV advertising money, the ownership of NFL games has never been more valuable. To put it simply, the economics of paying out considerable amounts of money for live US sports rights work in the United States because of the size of the advertising market. Magna estimates that national US linear TV advertising will generate $38bn in revenues in 2024 despite its structural problems, with another $18bn sitting in local TV.  All this means that NFL franchises are likely to remain very lucrative properties for a long time to come. 

Where does this end? Now the principle has been agreed i.e. that PE firms be allowed to invest in the NFL rights, the PE firms are likely to agitate – over time – for changes to the rules, especially around the stakes. My guess is over time that the caps will be raised and that PE firms will become more active players in the market. This may take a considerable number of years to come through and I do not think it will lead to PE firms owning franchises any time soon (there are also regulatory issues to consider). However, the trend of travel looks clear. 

As usual, this is not investment advice.

ISU inks strategic partnership with Chinese National Sports Group

The International Skating Union (ISU) has announced a strategic partnership with the Chinese National Sports Group (CNSG), as it continues to innovate and grow Short Track Speed Skating globally.

This partnership sets the stage for a new era of growth in the world of Short Track, a sport that enjoys tremendous popularity in China, especially after the successful delivery of the Beijing 2022 Olympic Winter Games.

By joining forces with CNSG’s extensive reach and expertise, the ISU is confident that this collaboration will further enhance visibility and passion for the sport, while deepening connections with the fans’ community in China and worldwide.

The ISU President, Jae Youl Kim, expressed great enthusiasm about this partnership, stating: “We are thrilled to embark on this new partnership with CNSG. Together, the ISU and CNSG share a strong commitment to unlocking the full potential of Short Track around the world, offering greater opportunities for our skaters, and creating more value for our commercial partners.”

The ISU Director General Colin Smith underscores the promising changes ahead for Short Track as from season 2024/2025: “The debut of CNSG’s partnership across multiple ISU Championships will coincide with the launch of the Short Track World Tour, a new dynamic, entertaining and highly engaging series of global events across North America, Asia and Europe. The collaboration with CNSG aligns with ISU’s goals to re-imagine the spectators’ experience, increase fan engagement as well as bring a fresh and innovative dimension to the sport.”

The Chairman of CNSG, Mr. Gu Haoning, further shares Mr. Smith’s excitement: “CNSG, being the pioneer of Chinese sports industry, is excited about the partnership with the ISU. We are committed to continue promoting skating after the Beijing 2022 Winter Olympic Games and unlock further the potential of Short Track Speed Skating in China and beyond.”

iSportConnect Sports Tech Partnership Index powered by SportsTech Match – August 2024

Who’s hot in sports tech? Who is doing deals? Who is creating new, innovative partnerships? That’s what the Index attempts to dig into on a monthly basis. Whether established players or the up-and-coming stars, we go a little deeper for you…

SportsTech Match recorded 56 new or renewed deals and partnerships featuring tech companies in sport during the month of August. Once again this month’s index is topped by fan engagement platform, Fanbase, who announced a series of new deals with lower league clubs in basketball and football. Lower league sports leagues and clubs continue to prove to be a focus for many of the companies on our index as tech becomes more accessible to lower budgets. 

Most notable amongst the companies serving lower tiers of sport is AI automated video highlights company Magnifi (second in this month’s index) and ‘sports intelligence and data management’ platform Iterpro (fifth in this month’s index). 

Also in our top five this week are Future Ticketing who announced three technology partnerships and IC360 who continue to grow in the integrity field with new business wins and partnership extensions in the US market.

Want to get access to the full and ‘near-live’ Tech Feed that drives the index?

The data powering the SportsTech Partnership Index derives from SportsTech Match’s automated, daily Tech Feed. It’s the first and only feed dedicated to sports tech partnerships from around the world designed to help tech companies and rights owners stay on top of the deals and partnerships being struck across the ecosystem. 

Contact info@sportstechmatch if you would like to get early access to the feed and, for tech companies, to make sure that your announcements are being included in our monthly Index.