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Financially challenged Canada Soccer took a step toward improving its bottom line Saturday, voting to increase its annual membership fee for players by $4 starting in 2025.
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Accounting software maker Intuit forecast third-quarter revenue growth above Wall Street estimates on Thursday, expecting a surge in demand for its AI-enabled financial management tools for small businesses.
As the American sports betting industry continues to expand, it has reached a high water mark, posting a record $10.92 billion in revenue for 2023, according to the American Gaming Association's annual report.
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Real Madrid have overtaken Manchester City and topped the Deloitte Football Money League as the world's highest revenue-generating club in the 2022-23 season, with commercial revenue taking over as the largest income stream for teams.
The big three in world cricket, including India, England and Australia should do more to save smaller Test playing teams and ICC's current revenue sharing model is "completely broken", said Cricket West Indies CEO Johnny Grave. India being the engine of the game pockets close to 40 percent of ICC's net annual earnings, followed by England and Australia, who get a single digit share. "The revenue-share model is completely broken. If we really want to operate as a cricketing community, we are only as strong as the weakest team, and we've got to change the mindset of bilateral cricket," Grave was quoted as saying by ESPNcricinfo. At the moment, the players of the teams like South Africa and West Indies are having to prioritise franchise cricket over their international commitments.