The Competition Commission of India has cleared healthcare and energy conglomerate Torrent Group’s proposal to acquire a majority stake in IPL franchisee Gujarat Titans. “The proposed combination relates to...
San Francisco 49ers Weigh Stake Sale at $9 Billion Valuation
The San Francisco 49ers are exploring selling a 10% stake at a valuation of more than $9 billion, according to people familiar with the matter, potentially making it one of the world’s most expensive sports teams. It’s...
Torrent Group to acquire a majority stake in Gujarat Titans for Rs 7,500 cr
In what would mark the first majority stake sale of an Indian Premier League (IPL) franchise since the league’s inception in 2008, Ahmedabad-based Torrent Group is in the final stages of acquiring a 66 per cent stake...
RIL to acquire 49% stake in London-based Oval Invincibles cricket team
Reliance Industries (RIL)-owned Mumbai Indians (MI), through its subsidiary RISE Worldwide, on Monday announced the acquisition of a 49 per cent stake in London-based Oval Invincibles, a franchise in the England and...
Ambani family buys 49% stake in London cricket team Oval Invincibles
The Ambani family won a high-stakes bidding battle this week to secure a stake in the London-based Oval Invincibles cricket team. Reliance Industries Limited won a virtual auction with the minority stake worth about £60...
Smashers Sports acquires Delhi franchise of World Pickleball League
Smasher Sports, backed by global investment firm Terra Invest and former Wimbledon tennis player Ashok Amritraj-backed Hyde Park Entertainment, has acquired the Delhi Franchise of the World Pickleball League (WPBL), the...
European PE firm Altor to buy majority stake in Canada’s iconic CCM Hockey
Private equity firm Altor said on Wednesday it has agreed to buy a majority stake in Canada’s iconic 125-year-old brand CCM Hockey, which specializes in manufacturing sports equipment and apparel. Private equity...
GMR Group inks £43 million deal to acquire Hampshire Cricket team
Infrastructure conglomerate GMR Group has signed a definitive agreement to acquire UK’s Hampshire Sport & Leisure Holdings Ltd (HSLHL), owner of Hampshire Cricket and Utilita Bowl stadium, in a landmark deal...
BC Partners in exclusive talks to invest in EuroLeague basketball competition, FT reports
Private equity firm BC Partners is discussing buying a minority stake in the EuroLeague basketball competition, edging out rivals including General Atlantic and Saudi Arabia’s SURJ Sports Investment, the Financial...
Rogers to buy Bell’s stake in Maple Leaf for $3.46 billion
Rogers Communications said it would buy Bell’s stake in Maple Leaf Sports & Entertainment for C$4.7 billion ($3.46 billion) to become the majority owner of the Canadian sports firm behind the Toronto Raptors...
David Beckham-backed Guild Esports set for takeover by US-based DCB Sports
Shares in David Beckham-backed Guild Esports surged more than 54% in early trading on Monday, after the gaming firm said it is planning to agree to a takeover offer from California-based investment management company...
Gautam Adani and Torrent to buy majority stake in IPL team Gujarat Titans
Adani Group and Torrent Group are in discussions with private equity firm CVC Capital Partners to buy a controlling stake in the Gujarat Titans, an Indian Premier League (IPL) team. According to a report by the Economic...
