COVID-19 pandemic has hit sports hard, but it also created some new trends in the market. Esports revenues are growing, and European football attracts new investors. Find out more with STATSCORE.
- European football attracts investors despite the pandemic
- Australia has blocked 180 illegal gambling websites
- Esports investment set to grow due to COVID-19
- UK government provides £300m rescue package for sport
- Kim Ng joins Miami Marlins to become MLB’s first female GM
European football attracts investors despite the pandemic
According to analysis from KPMG, the pandemic has created special circumstances which may encourage investors to look for bargains in anticipation of football’s return to normal.
“Besides the opportunity to buy a club at a lower price, investors could be attracted by the chance to acquire players at a discount in the coming transfer windows as some clubs may be forced to sell players in order to shore up finances”, says Andrea Sartori, KPMG’s Global Head of Sports. Read more
Australia has blocked 180 illegal gambling websites
The Australian Communications and Media Authority (ACMA) has blocked access to numerous offshore gambling websites.
The newly blocked websites include Always Vegas, Gibson Casino, Viggoslots and Malibu Club Casino. Since November 2019, 180 illegal websites have been blocked by the Australian government. Read more
Esports investment set to grow due to COVID-19
The 2020 Esports Survey published by Foley & Lardner LLP and The Esports Observer highlights how the COVID-19 pandemic helps boost esports.
According to the study, esports executives expect that gaming will bring further revenues in the near future. 73% of respondents expect the pandemic will lead to higher investment in esports over the next six months (Q4 2020 and Q1 2021).
They also think that traditional sports will look to esports for ways to boost interaction and engagement with fans.
The survey was conducted among 255 executives based mainly in the US and Europe. Read more
UK government provides £300m rescue package for sport
The British government announced it will give a combined £300 million rescue package to 11 sports affected by the coronavirus pandemic.
Rugby league, horse racing, tennis and netball are among the beneficiaries, as well as football clubs competing in the National League – but not those in the Premier League or the English Football League. Read more
Kim Ng joins Miami Marlins to become MLB’s first female GM
Kim Ng is the first woman to lead a major professional men’s team in North American. Ng is also the second person of Asian descent to become a GM in the league.
Ng has over 30 years of experience as an executive in Major League Baseball, including in the White Sox (1990-96), Yankees (1998-2001) and Dodgers (2002-11).
“All of us at Major League Baseball are thrilled for Kim and the opportunity she has earned with the Marlins,” said the league’s Commissioner Rob Manfred in a statement. Read more
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