Investments

US pro pickleball assn signs first international deal in India

SportzPower Team

Apr 26, 2024 20:04

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DALLAS, TX: Pickleball, billed as America’s fastest-growing sport, is going after a new frontier - India. The United Pickleball Association (UPA), which was created after a merger between Major League Pickleball and the Professional Pickleball Association in the US last February, and India-based Global Sports have inked a deal to bring the PPA Tour and Major League Pickleball to the country.

As a part of the partnership, the organizations will launch key initiatives to the country, promoting the rapidly-growing sport to a young market.

Sep 30, 2020 14:09

Caesars Entertainment to acquire William Hill for $3.7bn

RENO, Nev.: Caesars Entertainment, Inc. and William Hill PLC announced Wednesday that they have agreed terms wherein the US casino operator will acquire the British bookmaker for approximately £2.9 billion ($3.72 billion).

Sep 22, 2020 17:09

DAZN finalises agreement for sale of Goal to TPG: Report

LONDON-BASED GLOBAL SPORTS media company DAZN Group Ltd (DAZN), has reportedly finalised an agreement to sell a majority stake in its digital football-focused platforms, including Goal.com, to Integrated Media Company, a venture backed by California-based investment firm, Tarrant Capital IP LLC (TPG).

Sep 22, 2020 17:09

Manoj Badale draws new UK investors into RR: Report

MUMBAI: Close on the heels of the Manoj Badale-controlled Emerging Media (IPL) Ltd increasing its stake in Emerging Media Sporting Holding Ltd - the parent company that owns Rajasthan Royals - to become the largest shareholder, comes the news that the UK-based businessman has got three prominent British executives to invest in the Indian Premier League franchise.

Sep 22, 2020 13:09

MPL raises $90m in Series C Funding Led by SIG, MDI & RTP

SAN FRANCISCO: Mobile Premier League (MPL) confirmed Monday that it had raised $90 million in Series C funding, led by SIG and early stage tech investor RTP Global, along with MDI Ventures and Pegasus Tech Ventures. Existing investors Sequoia India, Go-Ventures, and Base Partners also participated in this round. The investment brings MPL’s total funding to $130.5 million after previously raising $40.5 million.

Sep 21, 2020 17:09

Racing Point F1 appoints Jefferson Slack as commercial MD

LONDON: BWT Racing Point F1 Team, the Formula 1 team owned by Canadian businessman Lawrence Stroll, has appointed sports industry heavyweight Jefferson Slack as managing director - Commercial and Marketing.

Sep 18, 2020 18:09

LaLiga, PortAventura World launch €150m entertainment project

MADRID: LaLiga and PortAventura World Friday announced a joint venture to create The Beat Challenge, a one-of-a-kind entertainment experience to be enjoyed both within PortAventura World and beyond. This follows a strategic agreement between the two entities seeking to link football and entertainment through various digital and physical experiences, while boosting tourism.

Sep 18, 2020 16:09

RR co-owners propose internal share transfer: Report

MUMBAI: Emerging Media Sporting Holding - the parent company that owns Rajasthan Royals and second-highest shareholder of the three stakeholders that own the Indian Premer League franchise - is reportedly set to increase its stake in the franchise by 13.4%, through a proposed all-cash deal worth $26 million (Rs 1.9+ billion), pending BCCI approval.

Sep 18, 2020 15:09

SIG Global leads $75m investment round in MPL: Report

MUMBAI: Close on the heels of fantasy sports platform Dream11's parent company Dream Sports raising $225 million in primary and secondary investment, Mobile Premier League (MPL) has reportedly closed $75 million in fresh financing led by SIG Global India Fund.

Sep 17, 2020 17:09

COVID-19 to cost football $14bn this year: FIFA

ZURICH: World football's governing body FIFA estimates that the negative impact of the disruption wreaked by the COVID-19 pandemic in 2020 to be around $14 billion. “The estimated impact of the disruption was around $14 billion,” Olli Rehn, who chairs the FIFA COVID-19 Relief Plan Steering Committee and who acts as FIFA Governance Committee deputy chairman, has stated.

Sep 16, 2020 17:09

Dream Sports in talks to acquire 'no. of' gaming startups: Report

MUMBAI: Close on the heels of raising $225 million in primary and secondary investment, sports technology company Dream Sports, parent firm of fantasy gaming platform Dream11, is reportedly in talks to acquire Bengaluru-based e-sports platform SoStronk. Moneycontrol, which reported on the development, could not offer clarity on the exact size of the SoStronk deal.

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