Investments

Sony, Natekar Sports to invest $10m+ in World Pickleball League

SportzPower Team

May 09, 2024 21:05

Read more about Sony, Natekar Sports to invest $10m+ in World Pickleball League
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MUMBAI: India’s growing reputation as a potential racquet sports hub is all set to get a massive boost with the launch of the World Pickleball League (WPBL), the first-ever professional pickleball league, envisaged by Natekar Sports and Gaming (NSG) and Sony Entertainment Talent Ventures India (SETVI).

NSG, is a company promoted by ‘former Davis Cup star and Arjuna Awardee Gaurav Natekar and his wife, ‘Arati Ponnappa Natekar, also a former India #1 in Tennis. SETVI is a joint venture between Sony Music Entertainment and Sony Pictures Entertainment.

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).

Mar 25, 2020 19:03

Facebook looking to pick up 10% stake in Jio: Report

MUMBAI: Social media giant Facebook is reportedly looking at picking up a 10% stake in Reliance Jio Mukesh Ambani's Reliance Jio in a deal that would be worth ‘multi-billion’ dollars, reports Financial Times.

Mar 19, 2020 17:03

Sehwag's 1st sportswear store opens in Ahmedabad

AHMEDABAD: Former India cricket opening batsman Virender Sehwag on Tuesday launched his first VS Store, a retail outlet for high-performance sportswear products, here. VS Store is wholly owned subsidiary of Viru Retail Pvt Ltd, which is a joint venture between Sehwag's World of Viru Pvt Ltd and Stitched Textiles Pvt Ltd.

Mar 18, 2020 17:03

MSD invests in fintech start-up; also its face

MUMBAI: Khatabook, a business app that helps MSMEs streamline business transactions online, on Tuesday announced a strategic partnership with former India captain MS Dhoni. The World Cup winning skipper will not only invest in Khatabook but also become its brand ambassador, a statement said.

Mar 12, 2020 14:03

India sports sponsorship up 17% in 2019: ESP Properties

NEW Delhi: ESP Properties - the entertainment and sports division of GroupM India - has released the 2020 report on sports sponsorship in India. Overall growth in sports sponsorship was at a healthy 17%, where the sports sponsorship industry crossed the Rs 90 billion mark in 2019.

Mar 09, 2020 18:03

COVID-19 puts paid to FICCI FRAMES 2020

MUMBAI: The 2020 edition of FICCI Frames, the annual media and entertainment event organized in India's commercial capital by the Federation of Indian Chambers of Commerce and Industry, has been postponed until further notice in view of the public health concerns over coronavirus (COVID-19) and the recent advisory of the Ministry of Health & Family Welfare, which has recommended to avoid mass gatherings.

Mar 05, 2020 16:03

2019-24 sports media revenues to grow at 6.7% CAGR: Study

SINGAPORE: Sports rights costs across 11 Asia Pacific markets grew 2.4% in 2019 to reach $5.5 billion in aggregate while sports revenues across TV and online video increased 7.8% in 2019 to reach $5.2 billion in total, according to a new report published Thursday by Media Partners Asia (MPA).

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