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...
Chinese investors committed to AC Milan deal despite delay
The Chinese investors due to buy Italian storied soccer club AC Milan said on Friday that they remained committed to the deal and that the delays in the closing were out of their control. The accord, signed in August...
Sports Direct in talks to bid for Bob’s, Eastern Mountain Sports: sources
British sporting goods company Sports Direct International Plc is in talks to bid for Eastern Outfitters LLC, the parent of U.S. discount chain Bob’s Stores and outdoor retailer Eastern Mountain Sports, people...
Fantasy sports arch rivals DraftKings, FanDuel to merge
The two biggest U.S. fantasy sports companies DraftKings and FanDuel said on Friday they would merge to cut legal bills and advertising spending after tussling for years to win customers. The tie-up could reduce costs...
Procam acquires 26% stake in Eventjini
Mumbai: Sports management firm Procam International Pvt. Ltd has acquired 26% stake in Eventjini, an online event registration and ticketing solution company. Procam did not disclose the financial details of the deal...
WME-IMG announces acquisition of UFC
* WME | IMG announces acquisition of UFC * WME | IMG says terms of transaction were not disclosed * IMG says Silver Lake Partners and KKR will join WME | IMG as new strategic investors, along with MSD Capital, L.P * IMG...
