Investments

MUMBAI: The sports business in India stood at Rs 15,766 crore ($1.9 billion approx) in 2023. Tellingly, cricket’s (read Indian Premier League in particular) share of this is 87 per cent, up from 85 per cent in 2022. All other other sports, including football, kabaddi, hockey, badminton, to name some prominent ones, account for the remaining 13 per cent.

Of the total money spent on sports sponsorship (inclusive of ground, team, and franchise fees) and media spends by brands brought in the biggest chunks.
Endorsements by athletes are a distant third.

Dec 06, 2023 20:12
AHMEDABAD: Seven sports startup companies have been shortlisted for the Pitchbook Competition during the country’s first ever Gujarat Sports Startup Conclave, slated to be held on December 11 at the TransStadia University in Ahmedabad. Over 60 sports startup companies had registered for the Conclave as the window for applying came to an end on December 02.
Dec 05, 2023 20:12
There are serious doubts now over whether the next Commonwealth Games (CWG), scheduled for 2026, will take place. This comes after Australia's Gold Coast on Monday ruled itself out of hosting the quadrennial multi-sport event.  It bears noting that Gold Coast is the second potential Australian host of the 2026 Games to have "dropped the baton" on the event after Victoria earlier pulled the plug on it.
Nov 29, 2023 19:11
Annual global revenues for women’s elite sports will generate $1.28 billion in 2024 (£1.02bn), Deloitte said on Wednesday. This is the first time that the billion-dollar threshold willl be breached.  This total is at least 300 per cent higher than Deloitte’s previous valuation three years ago.
Nov 27, 2023 17:11
Regional OTT platform Stage Monday announced Olympic champion Neeraj Chopra's onboarding as an investor.  Neither the quantum of stakeholding that India's javelin ace had picked up, nor the enterprise valuation at which the transaction was made were disclosed.  Stage made a public announcement about the development in Chopra’s ancestral village in Panipat, Haryana.
Nov 24, 2023 17:11
NEW DELHI: In a ground-breaking move to bolster the growth of kho-kho firstly in India and then globally, Ultimate Kho Kho (UKK), India’s first-ever professional kho-kho league, has secured a Series A funding from UK-based BNP Group — a  private investment firm that invests in scalable and disruptive business ideas. Financial terms or enterprise valuation were not disclosed.
Nov 21, 2023 19:11
TGL, the planned indoor golf league backed by Tiger Woods and Rory McIlroy, has postponed its inaugural season from 2024 to 2025, the organisation stated Monday. 
Nov 17, 2023 18:11
Aston Martin Aramco Cognizant Formula One Team Thursday announced it has entered an agreement for an investment in the team by Arctos Partners ("Arctos"), a private investment firm with significant experience of investing in sports.
Nov 13, 2023 18:11
A new investment bid for Yorkshire County Cricket Club has been received from an Indian Premier League franchise that rivals Mike Ashley's move to buy the Headingley Stadium, UK's The Times reports. 
Nov 10, 2023 18:11
Real sports gaming platform Game Theory has acquired sports analytics startup Matchday.ai.  Details of the acquisition, which is effective October 28, were not disclosed.
Nov 08, 2023 19:11
NEW YORK: Legends and ASM Global Tuesday announced the signing of a definitive agreement under which Legends will acquire ASM Global to create a premium live events company dedicated to providing outstanding experiences for fans around the world.