Former Indian cricket captain MS Dhoni has picked up 25 per cent stake in Run Adam, a 360 degree sports Tech-Ecosystem. The platform has been created with a vision to help aspiring sportspersons to hone their talent and...
CPPIB, TCV buy stake in Swiss sports data group Sportradar
Canada Pension Plan Investment Board (CPPIB) and Silicon Valley-based investor TCV are buying a stake in Sportradar, valuing the Swiss sports data group at 2.1 billion euros ($2.5 billion), including debt, the companies...
ISL: Sanjiv Goenka buys Atletico Madrid’s stake in ATK
Sanjiv Goenka has bought out Atletico Madrid’s stake in ATK, the team that was formerly known as Atletico de Kolkata and was launched in 2014 to represent Kolkata in the annual Indian Super League (ISL) football...
Sports Direct seeks ‘partnership’ with Debenhams after raising stake
British sportswear retailer Sports Direct (SPD.L) has increased its stake in department store chain Debenhams (DEB.L) to 29.7 percent and is seeking to extend its relationship with the firm to“a strategic partnership”...
Sachin Tendulkar, P V Sindhu call off proposed investment in CallHealth
Legendary cricketer Sachin Tendulkar and ace shuttler P V Sindhu have called off their talks for investing in Hyderabad-based CallHealth Services, according to sources close to the cricketer. CallHealth, in a regulatory...
Adidas sells CCM ice hockey brand for $110 million to Birch Hill
German sportswear group Adidas has agreed to sell its CCM ice hockey brand to private equity firm Birch Hill Equity Partners for $110 million, it said on Thursday, as it focuses more strongly on its core Adidas and...
FanDuel, DraftKings scrap troubled merger
Daily fantasy sports companies FanDuel and DraftKings scrapped a plan to merge on Thursday following a legal challenge by U.S. antitrust enforcers. The U.S. Federal Trade Commission said in June that it would seek to...
Chris Gayle invests in Indian gaming start-up IONA Entertainment
Swashbuckling West Indian opening batsman Chris Gayle has invested an undisclosed amount in IONA Entertainment to bring one-stop entertainment to Indian sports fans, which includes state-of-the-art virtual gaming...
Former Disney CEO Eisner close to buying Portsmouth
American billionaire businessman Michael Eisner is poised to take control of Portsmouth after the ex-Premier League club’s Supporters Trust (PST) voted to sell its 48.5 per cent share on Monday. The decision paves...
Adidas sells golf unit Taylormade to buyout group KPS
German sportswear maker Adidas (ADSGn.DE) is selling its golf equipment and clothing brands TaylorMade, Adams Golf and Ashworth to private equity firm KPS Capital Partners, taking a hit to its earnings. Adidas will get...
China’s ANTA Sports plans $488 million share sale to fund acquisition
ANTA Sports Products Ltd (2020.HK) said on Wednesday it plans to raise HK$3.79 billion ($488 million) in a share sale to fund tie-ups and acquisitions of international sportswear brands. The China home-grown sports...
Paris merger sends French rugby into chaos
Stade Francais players went on strike on Tuesday following the shock announcement of a planned merger with fellow Parisian powerhouse Racing 92, with the chief of the national players’ union calling the fusion...
