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THE SPORTS INDUSTRY NEWSLETTER FROM LEADERS

 

Welcome to Worth Knowing, the definitive sports industry newsletter from Leaders - David Cushnan on the 10.13 to Manchester Piccadilly up here the Northern hemisphere, James Emmett in the South, just off the Qatar Airways [flight number redacted for security reasons] to Melbourne – hit him up if you’re at the finals of the Australian Open this weekend or heading to Brisbane to join our high performance event next week.

Send this newsletter sign up link to the superstar on your team and watch them soar.

This week’s podcast is the first in a special series examining the sponsorship strategy adopted by Saudi Arabia’s Public Investment Fund – the first episode is an extended conversation with Alanoud Althonayan, PIF’s impressive Director and Head of Events and Sponsorship.

 
 
 
 
 
 

🧠 7 QUESTIONS SOME OF YOU ARE ASKING YOURSELVES THIS WEEK  

 
 

1) Is F1 missing a trick?

No other sport has lifted its bonnet more over the past few years to reveal – and build revenue streams around – its inner workings, but reading up on the heavy-handed security measures to keep fans and journalists from glimpsing any action during this week’s first ‘shakedown’ test of the all-new 2026 cars in Barcelona feels like a misstep. Yes, the teams are keen to conduct their early business behind closed doors, as they get to grips with the sweeping technical rule changes, but limiting access and coverage of the test ahead of one of the most anticipated seasons in years feels like trying to put the genie back in the bottle, after several years of blanket live coverage (hours and hours of live testing is, by most measures, not great TV, but it does draw an audience, so much so that F1 has sold title sponsorship of the two upcoming test weeks in Bahrain to Aramco). F1 cars shouldn’t be bulletproof; showing or reporting on them breaking down every so often isn’t a show of the sport’s weakness, it’s a chance to tell a story of the teams’ remarkable ability to solve problems – at pace. This week, that chance is being missed.

 

2) How many applications are too many applications?

Stat of the week from Graeme Lowdon, team principal of the brand-new Cadillac F1 team, which has advertised 595 positions over the last few months and has received (and acknowledged) 143,265 applications – well done that HR team, led by Chief People Officer Zoe Mills.

 

3) What are four things I need to know about Saudi Arabia this week to sound clued up in my morning meeting?

a) Reports, led by good work from the Financial Times, at the weekend suggest that the brakes are being applied to the vast mega-city Neom project, in particular suggestions that the centrepiece project, The Line, will be redesigned amid concerns over delays and cost. An adapted plan now appears to involve focusing on using at least some of the vast expanse of land as a hub for data centres, to court the interest of the various AI giants.

 

b) As the Neom project is adapted and scaled back, the 2029 Asian Winter Games, due to be staged at the planned Trojena resort within Neom, has become a casualty. The Games, which to state the obvious would have taken place entirely on artificial snow, have been postponed indefinitely.

 

c) The Kingdom’s new property laws, opening up the ways in which foreign individuals and businesses can acquire real estate in Saudi Arabia, are worth examining for anyone in the industry planning to open an office or move for work.

 

d) A Bloomberg report says PIF and the Ministry of Investment is encouraging wealthy Saudi families to help contribute and collaborate on projects ‘and partner more readily with foreigners eyeing investments in Saudi Arabia’.

 

4) Did we miss the obvious candidate?

Back in July, when Andy Anson announced he’d be leaving his role as CEO of the British Olympic Association we mused about the challenge facing his successor – leading British athletes to upcoming Games in the USA, France and Australia, potential involvement in any future British bid for the 2040 Olympics but also the not insignificant challenge of selling the Olympic dream in a crowded market and overseeing a host of national governing bodies, big and small, under sizeable pressure to build profile and find new streams of revenue – and we wondered if there’d be any takers. There were of course: CEO of the BOA is one of the prize jobs in all of British sport, and perhaps we missed the obvious candidate. On Monday, Jon Dutton, CEO of British Cycling, was named as Anson’s full-time replacement, bringing to an end a widely credited stint in cycling, where he’s married continued medal success with a restructuring and the recent formation of the British Cycling Ventures commercial arm, setting up the NGB for potential third party investment. He’ll begin at the BOA midway through the year – and for anyone keen to understand a bit more about how he approaches his work, the podcast we recorded with him in early 2024 gives a good guide. And with Dutton moving on, there’s an opening now at British Cycling to run what, under Dutton’s stewardship, has evolved into perhaps the most forward-thinking of British Olympic sports.

 

5) What’s getting the pulses racing at the AO?

It’s a tale as old as time (an unspecified period of time, just in case we don’t own those rights) that has bubbled up in the heat of Melbourne this week. Several top players at the Australian Open have been instructed to remove their Whoop wearables, drawing the ire of Whoop itself and opening up a discussion about who precisely owns that data - the player generating it, the device collecting it, or the tournament where the data is being produced. Perhaps the real answer is whoever can find a way to commercialise it first and fastest. A group of players, including Jannik Sinner, Carlos Alcaraz and Aryna Sabalenka, use the devices week-to-week on tour to monitor their own personal performance for later review. The ATP and WTA allow an approved set of wearables during their tournaments; the Grand Slams – for the moment at least – do not. The Australian Open would reportedly be open to a rule change, but requires collective agreement for a change with the other three Slams. The Whoop view: ‘Blocking access to personal health data does not protect sport.’

 

6) What’s your Heated Rivalry?

NHL Commissioner Gary Bettman claims to have binge-watched the whole series of the HBO Max hockey romance in one night, and he has reason to be taking it seriously if SeatGeek are to be believed. Even accounting for some savvy PR seizing of the moment, data showing that NHL ticket sales spiked by 24% in the week the season finale was first broadcast in December, with average ticket prices also rising by 36%, an indication of demand, seems too coincidental to ignore. A curious case of the casual fan needle genuinely being moved. File this one alongside Ted Lasso and The Queen’s Gambit, as examples of sports industry serendipity (and maybe contrast it with the swathe of in-house dramas and documentaries sanctioned and signed off by teams and leagues, which bear the official stamp but more often than not fail to make a genuine punch in popular culture).

 

7) Do you believe in the power of horse?

My astrologer tells me it’s the year of the Fire Horse (a dynamic, energetic, and opportunity-filled year for movement, career growth, and breaking new ground, though it brings intense energy, requiring focused action for positive results, with potential for both great progress and volatility - so a bit of a mixed bag, all in all). I can imagine several of those words making it into the pitchdeck for Equine Network, in which CVC’s Global Sport Group has acquired a controlling interest – James Mortimer has some comprehensive analysis of the rationale here, but, top-line, Tom Winsor, Equine Network’s founder has built a $2.5 billion horse-based enterprise, including a host of competitions. Other horse news: Former FEI chief Ralph Strauss has joined Abu Dhabi’s Al Khail Square, a new lifestyle, sport and community resort within Abu Dhabi Equestrian Club, as Chief Commercial Officer. 

 
 

5 other things Worth Knowing you need to know this week

 

1)  Microsoft has signed a deal to partner the Mercedes F1 team for a reported $60 million per year, while Standard Chartered is F1’s latest partner.

 

2) Indycar is said to be exploring a proposal from the White House and US Department of Transportation to run a race on the streets of Washington DC later this year, as part of America’s 250th anniversary celebrations.

 

3) ITV has acquired exclusive live UK rights to rugby union’s Nations Championship – formerly the Autumn Internationals – until 2029.

 

4) England Rugby has revealed a new strategic plan, including a public target of finding 500,000 new fans for its national teams by 2030.

 

5) Cosm has signed a deal with Monster Energy, its first corporate partnership for its venues.

 

🔗 WORTH KNOWING - THE LINKS

 
 

Leaders Worth Knowing podcast: Addressing Critical Needs (33 mins)

F1’s closed door test (2 mins)

Saudi Arabia to scale back Neom megaproject (3 mins)

Saudi Arabia’s winter Asian Games postponed (2 mins)

Saudi Arabia opens real estate market to foreign buyers (2 mins)

Saudi Arabia encourages wealthy families to invest (2 mins)

BOA hires Jon Dutton as new CEO (2 mins)

SeatGeek shares NHL sales spike (2 mins)

The horse as a high value sports asset (6 mins)

Mercedes unveils Microsoft as latest partner (2 mins)

Standard Chartered signs F1 partnership (2 mins)

Indycar evaluating White House proposal for Washington DC race (2 mins)

ITV acquires live Nations Championship rugby union (2 mins)

England Rugby outlines new strategic plan (6 mins)

Cosm signs first venue corporate partnership (2 mins)

NBA expands partnership with Abu Dhabi government (2 mins)

Donn Davis out as PIF gets new ownership structure (2 mins)

Leah Williamson signs with new talent agency (2 mins)

Orreco acquires Jessicas Ennis’ women’s health platform (2 mins)

 

 

🎉 WHAT'S NEW?

 
 

Renewal: The NBA has renewed its wide-ranging partnership with Abu Dhabi’s Department of Culture and Tourism.

 

Ownership: Donn Davis has abruptly left Professional Fighters League, the MMA promotion he founded, with Birmingham City owner Knighthead Capital and UAE-based 885 Capital expanding their ownership stakes.

 

Transfer: England football captain Leah Williamson has signed with new agency Fivethree, which also represents British music star Olivia Dean – the agency has recently been co-founded by Lora Hadridge and Dean’s Creative Director Emily Braham.

 

Acquisition: British Olympic heptathlete champion Jessica Ennis has sold her women’s health and performance platform Jennis to AI performance science company Orreco, which recently received investment from Mark Cuban.

Investment: Chinese sportswear firm Anta has acquired a 29% stake in Puma and will be the company’s largest shareholder.

Capital: CAA has formalised its venture capital arm, Connect Ventures, working in the sports, media and entertainment space – it was previously announced as an investor in Tiger Woods and Rory McIlroy’s TMRW Sports.

 

🤝 GOOD PEOPLE, GOOD PLACES

 
 

Hiring:

 

•  Glasgow 2026 is hiring a Head of Health and Safety.

 

• SailGP is looking for someone to run the galley: a Food & Beverage Catering Lead.

 

• Sid Lee Sport are looking for a Head of Strategy in London.

 

• WSC Sports have $180k-$200k to spend on a Strategic Partnerships Lead based in New York.

 

• London-based tech-enabled sports law firm Three Points Law are hiring a Senior Associate/Legal Director.

 

• Relevent’s hiring spree continues in London: they’re on the lookout for a Head of Matchweek and Broadcast Operations.

 

• TalkSport has extended the deadline for applications for its Head of Partnerships & Growth role.

 

 

Hired:

 

•  Former New Zealand Rugby CEO Mark Robinson has joined World Rugby in a new role as Chief of Rugby.

 

• Manchester United have named Collette Roche, the club’s Chief Operating Officer, to the newly-firmed role of CEO, New Stadium Development.

 

• Pierre Ketterer is joining the FIA, world motorsport’s governing body, in March as Director of the General Manager’s Office.

 

• Michelle Kang’s Kynisca have promoted Kendall Crean to Vice President, leading strategic initiatives, brand and communications and capital investments planning.

 

• Chris Marinak, who left Major League Baseball last year, has joined Playfly Sports as President, working alongside CEO Craig Sloan.

 

• Claire Bloomfield, former Head of Women's Football at the ECA, is the new Chief of Football Affairs & Governance at World Sevens Football

 

• Rebecca Kane Burton has left her senior role at Oak View Group to join music live events organiser Superstruct Entertainment, which is now run for former Channel 4 CEO Alex Mahon, as Chief Operating Officer.

 

• Andrew Gould has left his role as Chief Football Officer at the Scottish Football Association to join Fifa as a High Performance Specialist.

 

• World Table Tennis has announced a new leadership structure under CEO Steve Dainton, headlined by Jonny Cowan becoming Executive Director, Commercial.

 

• Tom Foy is the new Communications Director at the Aston Martin F1 Team.

 

• IMG has bolstered its APAC leadership team, hiring Carlo Nohra in Singapore as VP of Football in the region and Phil Mooney, based in Melbourne, as VP of Strategy.

 
 
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