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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.

Apr 28, 2020 19:04

Nasscom-incubated sports tech company on-boards RP Singh

MUMBAI: Premium sports technology company SportsUno has brought on board former Indian fast bowler Rudra Pratap Singh, with the company being among the chosen few to have been selected by industry body NASSCOM to digitise the grassroots operations of the sport industry in India.

Apr 24, 2020 16:04

H.I.G. Europe to acquire, rebrand Lagardère Sports

HAMBURG: Miami-based private equity firm H.I.G. has announced that its European affiliate has signed a definitive agreement to acquire a majority stake in Lagardère Sports in a transaction from French media conglomerate Lagardère Group. Lagardère announced plans in December to sell 75% of its sports business to H.I.G in a deal valuing the agency at €110 million (US$118 million).

Apr 23, 2020 18:04

East Bengal can't join ISL in 2020-21 season

MUMBAI: Football Sports Development Limited (FSDL), organisers and commercial rights holders of the Indian Super League had a (virtual one would assume) meeting on Wednesday to discuss the expansion of the ISL to a 12-team league in the 2020-2021 season, a media platform reported Wednesday.

Apr 22, 2020 13:04

Amnesty, beIN Sport slate imminent Saudi buyout of Newcastle

LONDON: Human rights organisation Amnesty International has offered its opinion on the imminent takeover of Premier League club Newcastle United FC by Saudi Arabia's sovereign wealth fund (Public Investment Fund of Saudi Arabia). No surprises for guessing that said opinion is extremely critical of the impending deal.

Apr 22, 2020 12:04

Facebook takes 9.99% stake in Reliance Jio for $5.7bn

MUMBAI: Social media behemoth Facebook Wednesday announced a $5.7 billion (Rs 435.74 billion) investment in Jio Platforms Limited, part of Reliance Industries Limited, making Facebook its largest minority shareholder.

Apr 21, 2020 14:04

TVS Motor acquires UK's Norton Motorcycles for £16m

CHENNAI: TVS Racing's parent company has announced the successful acquisition of stricken British motorcycle company Norton, in an all-cash deal for £16 million (around Rs 1.53 billion). Leading Indian two-wheeler manufacturer TVS Motor Company completed the buyout by acquiring certain assets of Norton Motorcycles (U.K.) Limited (in administration) through one of TVS Motor's overseas subsidiaries.

Apr 21, 2020 12:04

Mercedes chief Wolff takes stake in Aston Martin

LONDON: Mercedes AMG Petronas Motorsport Formula One Team and is Team Principal and CEO Toto Wolff has purchased shares in Aston Martin Lagonda, the iconic British automotive brand which will return to the Formula 1 grid next year with the rebranded Racing Point team.

Apr 08, 2020 15:04

Bajaj exits Punjab FC after RoundGlass completes buyout

ROUNDGLASS SPORTS Private Limited is now reportedly the sole owner of I-League outfit Punjab Football Club (earlier Minerva Punjab FC) after buying out the 50% stake that is currently with original promoters Ranjit Bajaj and his spouse Henna Singh. Bajaj and Ms Singh have resigned as the directors of Punjab FC, Goal reports.

Apr 02, 2020 14:04

Aston Martin returns to F1 with $323m capital injection ‍

LONDON: Aston Martin’s return to Formula 1 is confirmed. The 2021 season will see the iconic British marque return to the grid as a works F1 team, continuing to operate from its base in Silverstone.

Mar 26, 2020 19:03

Wanda to sell IRONMAN to Conde Nast parent for $730m

BEIJING: Wanda Sports Group Company Limited Thursday announced that it has entered into a definitive stock purchase agreement with Advance Publications Inc., owner of media company Conde Nast, to sell The IRONMAN Group in an all cash transaction at an enterprise value of $730 million (subject to customary purchase price adjustments).

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