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At a damp morning meeting in Sandy Park, Exeter Chiefs chairman Tony Rowe outlined the club’s next chapter: a potential sale to an American investment group that will be decided by the club’s 700‑plus members at an extraordinary general meeting on 7 May.Rowe, now 77, has steered the Chiefs for more than three decades, guiding the team from a modest county‑ground side to Premiership champions in 2010. Yet he admits that “romance doesn’t pay the bills” in today’s professional rugby, and a well‑funded owner could finally provide the financial muscle the club needs.The proposed buyer is described as a “mega‑wealthy multi‑sport investor” already active in British football. If the vote passes, the investor would inject fresh capital, allowing Exeter to compete for top talent such as marquee player Immanuel Feyi‑Waboso and to pursue broader ambitions.Rowe argues that English club rugby must look beyond nostalgia. “We’ve got to wake up and smell the coffee,” he said, emphasizing the need for an owner with deep pockets. He warned that the club’s current shareholder structure, which “has no money,” limits growth.The takeover is part of a wider trend of foreign money entering English rugby, following recent investments in Newcastle Red Bulls and Bath. Rowe believes a cash‑rich owner will position Exeter to help expand the Premiership from its current ten clubs to twelve, and eventually fourteen, with a view to incorporating Welsh sides.He suggested that adding “two Welsh clubs” could revitalise Welsh rugby, which he described as “on its arse,” and noted that travel logistics would not be a barrier for English clubs making weekend trips to Wales.Financial pressures remain acute. Rowe cited a £25 million loss from Covid and the post‑pandemic mini‑recession, compounded by a government grant that was later converted into a loan and a Rugby Football Union (RFU) contribution that covered only half of the promised support.He also criticised a £200 million 2018 deal that gave private‑equity firm CVC Capital Partners a 27 % share of the club’s commercial rights. “We should never have sold those shares,” Rowe lamented, adding that CVC has done little to boost sponsorship or “razzmatazz” for the sport.Looking ahead, Rowe stresses the importance of attracting a younger, millennial fan base, noting that “our future supporters are millennials” and that they will be the financial lifeline of the club.Despite the uncertainties, Rowe remains optimistic. He confirmed he will stay on under the new ownership, describing the investors as “long‑term” and “understanding of the sport.” He warned the new owners must respect Exeter’s Devonian heritage, likening the club’s future to a bus that needs a fresh fuel supply to reach “even greater success.”

Negotiations are intensifying between the Australian National Rugby League (NRL) and the UK’s Super League over a prospective takeover that could reshape the sport’s calendar and governance. The NRL’s chief executive, Andrew Abdo, told The Guardian that any acquisition would hinge on a major investment package and a decisive move to re‑introduce a winter competition, the first such change since 1996.Abdo travelled to England this week to discuss the feasibility of the deal, emphasizing that the London Broncos would be pivotal to the NRL’s vision. He warned that British clubs would need to surrender the extensive control they currently wield if they hope to benefit from the financial backing the NRL could provide.The proposed shift to a winter schedule is driven by the prospect of a global broadcast arrangement that would allow the NRL to sell television rights throughout the year. While a summer season avoids clashing with the Premier League, Abdo argued that a unified calendar could attract new fans and sponsors on an international scale.Super League clubs are reportedly losing close to £20 million annually. An infusion of NRL capital could not only cover the salary‑cap obligations for every club but also free up resources for further investment in facilities, talent development and marketing.Governance would also undergo a overhaul. The NRL operates under an independent commission, whereas Super League’s club owners currently dominate decision‑making. Abdo stressed the need for an independent governing body to make “tough calls” and separate day‑to‑day club interests from the sport’s strategic direction.London’s role is another cornerstone of the plan. Abdo highlighted the city’s diverse population and commercial potential, suggesting that a strong London franchise could boost fan acquisition, sponsorship deals, and overall league visibility.With the existing Sky Sports broadcast contract set to expire at the end of the season, timing is critical. The NRL aims to align its own TV‑rights expansion with a possible partnership, viewing broadcasting as the key lever for global growth.While no formal offer has been lodged, Abdo indicated that the NRL will present its findings to its board and Australian clubs before any official proposal is made. The next few weeks will be decisive for both leagues as they weigh the benefits of a combined, year‑round rugby league ecosystem.

Saudi Arabia has withdrawn its bid to host the 2035 Rugby World Cup as a result of the Public Investment Fund's (PIF) new financial strategy, prioritizing projects with potential returns. The country's sports minister, Prince Abdulaziz bin Turki al-Faisal, had expressed interest in bidding for the tournament last year, but no expression of interest was submitted to World Rugby.The PIF's 'value realization' phase of its Vision 2030 economic plan, published recently, has led to the decision to put rugby aspirations on hold. This shift in focus will impact various projects, including LIV Golf, which will see its funding withdrawn next year.While Saudi Arabia and other Gulf countries, such as Qatar and the United Arab Emirates, had considered a joint bid, it has not materialized. World Rugby's bidding process is ongoing, with countries like Argentina, Japan, and Spain having submitted initial expressions of interest.The decision to step away from the Rugby World Cup bid was made before the conflict in Iran began, and the PIF governor, Yasir al-Rumayyan, confirmed that all spending projects are being reviewed. The PIF will continue to invest in sports but will focus on domestic projects, such as infrastructure related to the 2034 football World Cup and the Formula One track near Riyadh.

OnlyFans, the UK-based adult video platform, has reached a valuation of over $3 billion as it engages in advanced talks to sell a minority stake to US investment firm Architect Capital. The London-based company is looking to offload less than 20% of its shares, with sources confirming the talks to the Guardian.The deal comes at a significant time for OnlyFans, following the death of its founder, Leonid Radvinsky, a Ukrainian-American billionaire who passed away from cancer last month at the age of 43. Radvinsky's death has prompted the company to seek a minority stake sale as a means to guarantee stability for the business.OnlyFans has reportedly chosen Architect Capital for its expertise in the financial services sector. This aligns with the UK company's plans to offer banking products to its creators, who have historically struggled to access such services due to the nature of their work.The platform, synonymous with adult content, operates with a strict 18+ age limit and has 4.6 million creator accounts registered. These creators split their subscription proceeds 80:20 with the platform. OnlyFans also boasts 377 million fan accounts, allowing users to purchase videos and send messages to their favorite performers.In terms of financial performance, OnlyFans posted $1.4 billion in revenues for the year ending November 30, 2024, with a pre-tax profit of $684 million, marking a 4% increase from the previous year. The platform also reported $7.2 billion in payments to creators, a nearly 10% increase.Radvinsky himself received $701 million in dividends from OnlyFans in 2024, adding to the over $1 billion he had previously received. The company had previously explored sale talks with various investors, including a potential 60% stake sale to Architect Capital and a consortium led by Forest Road Company.If the minority sale proceeds, control of OnlyFans will remain with the family trust holding Radvinsky's shares. OnlyFans has declined to comment, while Architect Capital has been contacted for a statement.

Javokhir Sindarov sealed the men’s Candidates in Pegeia, Cyprus, with a historic 10 out of 14 points, finishing 1.5 points clear of Anish Giri. The 20‑year‑old Uzbek also posted the highest tally of six wins and eight draws since the current Candidates format began in 2013. In the women’s section, India’s Vaishali Rameshbabu claimed the title by a narrow ½‑point margin over Kazakhstan’s Bibisara Assaubayeva. Sindarov’s play evoked the classic Soviet master Mikhail Botvinnik, with meticulous opening preparation that often anticipated his opponents’ ideas deep into the endgame. When pressure mounted – notably in his second round against world No. 3 and US champion Fabiano Caruana – his defensive technique remained precise and confident. Final standings (14 rounds): Sindarov 10, Giri 8.5, Caruana 7.5, Wei Yi 7, Hikaru Nakamura 6.5, Praggnanandhaa Rameshbabu 6, Matthias Blübaum 6, Andrey Esipenko 4.5. The upcoming world championship match will be a best‑of‑14 showdown, pitting Sindarov against reigning champion Gukesh Dommaraju. Both will be 20 years old when the contest takes place in the second half of 2026, though the venue remains undecided. Gukesh’s recent dip to 15th in the ratings has added intrigue to the encounter. Analysts rate Sindarov as at least a 60 % favourite, while India’s grandmaster cohort – led by former champion Viswanathan Anand – is expected to rally behind Gukesh. Speculation also surrounds Magnus Carlsen, the current world No. 1, who stepped away from the classical crown in 2023. He indicated a willingness to defend only against Alireza Firouzja, but Firouzja’s recent focus on blitz and fashion has left the door open for a possible Carlsen‑Sindarov clash, should the Norwegian be persuaded. Sindarov’s rise is remarkable: he earned the grandmaster title at 12 years 10 months, later fell into a teenage obsession with the video game Counter‑Strike, and refocused on chess after defeating Firouzja at the 2021 World Cup. His resurgence helped Uzbekistan win gold at the 2022 Olympiad. Financial projections suggest a potential $10 million revenue stream for a Carlsen‑vs‑Sindarov title match, a figure that could also bolster Carlsen’s claim as the all‑time No. 1 ahead of Garry Kasparov. Nonetheless, Carlsen’s aversion to the intensive computer‑prep demanded by modern classical play remains a major hurdle. Carlsen may instead target the forthcoming 2027 FIDE World Total Championship Tour, which blends classical, rapid, and blitz formats, offering a more varied competitive landscape. In the Women’s Candidates, Vaishali Rameshbabu staged a stunning turnaround. After a 0‑5 start, she surged to the top after round 11, maintained a one‑point lead despite a round‑12 loss to China’s Zhu Jiner, and clinched the final round with a decisive victory over Kateryna Lagno in a sharp Sicilian Dragon, delivering the winning combination 39 Rd8+! 40 c4! Women’s final scores (14 rounds): Vaishali 8.5, Assaubayeva 8, Aleksandra Goryachkina 7.5, Zhu 7.5, Anna Muzychuk 7, Kateryna Lagno 6.5, Divya Deshmukh 5.5, Tan Zhongyi 5.5. Five‑time women’s world champion Ju Wenjun enters the upcoming title defence as a clear favourite, holding a peak rating above 2600 and currently rated 2559 against Vaishali’s 2470. Elsewhere, English GM Dan Fernandez posted an unbeaten 7/9 at the Menorca Open, achieving a 2601 performance rating and boosting his chances for selection to the England Olympiad squad. Young talents also featured: Argentina’s Faustino Oro and England’s Supratit Banerjee – both 12‑year‑olds – failed to secure their final GM norms, while India’s 10‑year‑old prodigy Aarit Kapil became only the fifth player ever to earn an IM norm before turning 11, later flirting with a historic GM norm. The English Chess Federation will host a 24‑hour chess marathon on Chess.com in memory of coaches GM Jonathan Hawkins and IM Adam Hunt, with proceeds supporting Macmillan Cancer Support. 4020: 1…Bxd4! 2 cxd4 Nf4! 3 Qb3 Qxf1+! 4 Kxf1 Rc1+ 5 Qd1 Rxd1 #

Tottenham Hotspur, a club with a rich history and significant financial resources, finds itself in a precarious position, battling relegation with only six games remaining in the Premier League season. The team's struggles have been well-documented, with just 30 points from 32 games, placing them 18th in the league table.The appointment of Roberto De Zerbi as manager has brought a mix of tactical acumen and emotional intensity, but the Italian tactician faces a monumental task in rescuing the team's season. De Zerbi's approach focuses on the psychological aspect of the game, emphasizing the need to restore belief and harness the talent within the squad.The team's decline has been attributed to a combination of factors, including mismanagement, constant instability, and a lack of clear direction. The revolving door of managers, with four changes in the last 12 months, has left the players without a clear identity or tactical discipline. The impact of long-term injuries to key creative players such as Dejan Kulusevski, James Maddison, and Mohammed Kudus has further exacerbated the team's struggles.De Zerbi's high-risk, high-reward system requires time to implement, but with relegation looming, he is prioritizing the mental aspect of the game, urging his players to draw on the principles drilled into them under former manager Ange Postecoglou.With crucial matches against Brighton and Wolves on the horizon, Tottenham has the opportunity to pick up vital points and inject some much-needed confidence into the team. However, the question remains whether De Zerbi's approach can yield the desired results in time to avoid relegation.

LIV Golf chief executive Scott O'Neil has acknowledged that the rebel golf tour's finances are being managed very tightly and that structural changes are on the horizon, which may necessitate raising additional funds. However, he emphatically stated that the league will not fold.O'Neil's comments come on the heels of reports that Saudi Arabia's Public Investment Fund, a key backer of LIV Golf, is cutting its funding for the league. Despite this, O'Neil described the situation as 'business as usual' and expressed confidence in the tour's future prospects.In an interview with LIV employees during the broadcast of the tour's Mexico City event, O'Neil hinted at upcoming structural changes but did not provide specifics. He suggested that these changes could involve new formats or business structures, possibly including team-based elements.O'Neil also downplayed speculation about the tour's financial health, stating that LIV Golf had secured almost $500 million in sponsorships last year from major brands like Rolex, HSBC, and Aramco. He emphasized the tour's global appeal, particularly in markets such as Australia and Asia, where it has attracted significant interest.While acknowledging that fundraising may be necessary, O'Neil expressed optimism about the tour's trajectory, suggesting that continued revenue growth could mitigate the need for external funding. He concluded by stating that LIV Golf is poised for long-term success and will continue to evolve in the coming months.

British financial institutions are set to receive Anthropic’s latest AI model, Mythos, within the coming week, despite the company’s own assessment that the technology poses a significant security risk.Anthropic, the creator of the Claude suite, has so far limited Mythos to a handful of U.S. tech giants such as Amazon, Apple and Microsoft. The firm now plans to extend the rollout to major UK banks, a move announced by Pip White, head of Anthropic’s UK, Ireland and Northern Europe operations, during a Bloomberg Television interview.The concern stems from Mythos’s ability to identify and exploit software flaws at a level that rivals the most skilled human hackers. In a recent blog post, Anthropic warned that such capabilities could trigger severe repercussions for economies, public safety and national security if misused.Finance ministers, senior executives and regulators convened in Washington for the IMF and World Bank spring meetings to discuss these emerging threats. Canadian Finance Minister François‑Philippe Champagne emphasized the need for vigilance, describing the AI risk as an “unknown unknown” that demands robust safeguards to protect the resilience of the financial system.Bank of England Governor Andrew Bailey, who also chairs the Financial Stability Board, described the situation as a “very serious challenge” and highlighted the dilemma regulators face in timing the introduction of rules: acting too early could stifle innovation, while delaying could allow risks to spiral out of control.European Central Bank President Christine Lagarde echoed these concerns, noting that while Anthropic’s initiative reflects responsible innovation, the absence of a clear governance framework leaves the technology vulnerable to misuse. She called for the development of comprehensive standards to guide safe deployment.As UK banks prepare to integrate Mythos into their operations, the financial sector stands at a crossroads between harnessing AI’s economic benefits and averting potential cyber‑security crises.

As the 2026 FIFA World Cup approaches, the cost of public transport to match venues in the New York‑New Jersey corridor is set to eclipse $100 for a single trip, prompting a sharp response from U.S. officials. Governor Mikie Sherrill of New Jersey took to X, demanding that FIFA shoulder the expense, warning that commuters should not be left with a multi‑year financial burden. Senate Majority Leader Chuck Schumer echoed the governor’s concerns, calling on the soccer federation to cover transportation costs after noting that FIFA stands to earn roughly $11 billion from the tournament while local transit agencies face a $48 million bill to move an estimated 40,000 fans per match. According to a report by The Athletic, a train ticket from New York’s Penn Station to MetLife Stadium in East Rutherford could top $100 on World Cup days, a stark jump from the regular $12.90 fare. Similar price hikes have been reported in Massachusetts, where tickets from Boston to Foxborough may reach $80 and bus fares could climb to $95. Sherrill highlighted that the existing host‑city agreement, signed in 2018, originally required free fan transportation. In 2023 FIFA amended the terms, allowing match‑ticket holders to pay for travel, a change she argues unfairly shifts costs onto taxpayers. New York Governor Kathy Hochul also voiced criticism, describing the proposed fares as “awfully high” and urging that the event remain affordable and accessible. Schumer added that New York commuters should not subsidize FIFA’s windfall, emphasizing the need for the federation to “step up and cover transportation costs for host cities and states.” In response, a FIFA spokesperson said the organization was “surprised” by the governor’s remarks and reiterated that the federation has long collaborated with host cities on mobility plans, including securing federal funding for transport infrastructure. The statement noted that the revised host‑city agreements permit fans to access public or additional transport at cost, but did not commit to direct financial contributions. The dispute underscores a broader tension between the massive economic benefits promised by the World Cup—projected to draw millions of fans to North America—and the immediate financial impact on local commuters. As the tournament, co‑hosted by the United States, Canada, and Mexico, prepares for kickoff in June, the outcome of these negotiations could set a precedent for how future mega‑events address public‑service costs.