FII PRIORITY Summit in Miami Discusses Investment in Sports

Discussions at the PRIORITY Summit, organized by the Future Investment Initiative (FII) Institute in Miami, focused on the second day on investment in sports
Discussions at the PRIORITY Summit, organized by the Future Investment Initiative (FII) Institute in Miami, focused on the second day on investment in sports
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FII PRIORITY Summit in Miami Discusses Investment in Sports

Discussions at the PRIORITY Summit, organized by the Future Investment Initiative (FII) Institute in Miami, focused on the second day on investment in sports
Discussions at the PRIORITY Summit, organized by the Future Investment Initiative (FII) Institute in Miami, focused on the second day on investment in sports

Sessions, discussions and dialogues at the PRIORITY Summit, organized by the Future Investment Initiative (FII) Institute in Miami, focused on the second day on investment in sports.
One of the most important questions raised at the summit themed, "On the Edge of a New Frontier," was: What drives growth in sports assets and innovation in sports? How do investors and owners of sports teams reshape sports financially? Speakers pointed out that in recent years, sports investment has witnessed a major transformation with the increase in media broadcast rights for sports events and tournaments, and the achievement of high financial returns as a result of investment projects in this vital field, which attracts many followers around the world.
Speakers at the sessions explained that investing in sports is not just about winning games, but it is rather a huge platform that brings communities together and gets to know each other.
Participants also spoke about the development of sports investment with increasing financial returns in paid broadcasting rights, and about increasing demand, digital expansion, and accessing more global markets, as investors support shaping sports financially and practically, while taking advantage of modern technologies to attract new fans and followers in watching sports tournaments.
The participants also touched upon ways to invest in art, entertainment, museums and media, and the role of media and entertainment companies in developing content across various platforms to attract wider audiences, generate income effectively, and shape culture in their countries.



Sancho Joins Chelsea on Loan from Manchester United

Soccer Football - Community Shield - Manchester United v Manchester City - Wembley Stadium, London, Britain - August 10, 2024 Manchester United's Jadon Sancho has his shot saved by Manchester City's Ederson during the penalty shoot-out REUTERS/Toby Melville/File Photo Purchase Licensing Rights
Soccer Football - Community Shield - Manchester United v Manchester City - Wembley Stadium, London, Britain - August 10, 2024 Manchester United's Jadon Sancho has his shot saved by Manchester City's Ederson during the penalty shoot-out REUTERS/Toby Melville/File Photo Purchase Licensing Rights
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Sancho Joins Chelsea on Loan from Manchester United

Soccer Football - Community Shield - Manchester United v Manchester City - Wembley Stadium, London, Britain - August 10, 2024 Manchester United's Jadon Sancho has his shot saved by Manchester City's Ederson during the penalty shoot-out REUTERS/Toby Melville/File Photo Purchase Licensing Rights
Soccer Football - Community Shield - Manchester United v Manchester City - Wembley Stadium, London, Britain - August 10, 2024 Manchester United's Jadon Sancho has his shot saved by Manchester City's Ederson during the penalty shoot-out REUTERS/Toby Melville/File Photo Purchase Licensing Rights

Chelsea have signed English winger Jadon Sancho from Manchester United on a season-long loan deal, British media reported on Saturday.

Sancho joined Chelsea on the final day of the transfer window, with a deal sheet being submitted to the Premier League to sign him after the 11 p.m. deadline had passed.

The BBC reported Chelsea have an obligation to make the move permanent for a fee of 20 million-25 million pounds ($59.1 million).

According to Reuters, Sancho joined United in 2021 from Borussia Dortmund on a five-year contract, but had a public falling-out with manager Erik ten Hag last year which led to him returning to Dortmund on loan in January this year until the end of the season.

The 24-year-old made a substitute appearance in United's penalty shootout defeat by Manchester City in the Community Shield earlier this month but was not included in Ten Hag's squad for their two opening league games.

Sancho made 83 appearances for United, scoring 12 goals and has played 23 times for England. He was one of the players who failed to convert a penalty in the Euro 2020 final shootout which England lost to Italy.

Chelsea host Crystal Palace in their next league game on Sunday.