sports finance

La Liga Reports Drop in Revenue, Averts Worse Losses

La Liga released a fiscal report for the 2020-21 year that detailed just how much damage the pandemic has caused.

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Sony Investing $300M in In-House Gaming Development

Sony has announced that it’s leaning further into the gaming space — this time, within its own studios.

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Sports Video Tech Company Trace Closes $47M Funding Round

Trace, a sports video technology company, recently announced that it raised $47 million in a Series C funding round.

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Genius Sports Notches $84M In Revenue

Genius Sports’ fourth-quarter earnings report demonstrated major growth in 2021. 

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Fitness Chain Virgin Active Expands Amid $118M Capital Raise

The company has made two major moves: a capital raise and an acquisition. 

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Another Report Confirms Escalating Cost of Beijing Olympics

China spent about $8.8 billion on the Beijing Winter Olympics, per the Financial Times. That’s much more than it originally projected.

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Highlights Creator WSC Sports Lands $100M Funding Round

Investors appear to be validating the worth of at least one company aimed at providing solutions to the changing sports viewership landscape.

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Beijing Olympics Costs Reportedly 10 Times Higher Than Projected

The 2022 Winter Olympics may cost China $38.5 billion, according to Business Insider — 10 times higher than the nation’s previous estimate.

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FC Barcelona Votes for $1.69B Stadium Revamp

Despite major financial ailments, FC Barcelona will spend big on a new stadium.

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