Investments

NCLT admits Viacom18-Disney Star merger scheme

SportzPower Team

May 17, 2024 11:05

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The merger scheme between Reliance Industries Limited’s (RIL) Viacom18, its wholly owned subsidiary Digital18 and The Walt Disney Company’s Star India has been admitted by the Mumbai bench of the National Company Law Tribunal (NCLT). In an order passed on May 7, Viacom18, as part of internal restructuring, has proposed to transfer the various businesses conducted by it into its wholly-owned subsidiary, namely Digital18. Viacom18 proposed to be the holding company for the various businesses.

Jul 09, 2019 15:07

Stadium privatisation: Sports Min seeks govt plan details

NEW DELHI: The Sports Ministry has sought a detailed proposal from the Central government about its plans to privatise premium sports infrastructure like the iconic Jawaharlal Nehru Stadium here.

Jul 05, 2019 17:07

Alipay commits $340m to women's football in China

HANGZHOU: Chinese payment and service platform Alipay has committed to investing 1 billion RMB ($340 million) over the next decade into women's football in China.

Jul 04, 2019 15:07

Kumite 1 League parent offloads 12.5% stake

MUMBAI: Anand Pandit owned Lotus Group of Companies has acquired 12.5% stake in BSE-listed Toyam Industries Limited, at a company valuation of $30 million. Toyam Industries is one of India's biggest sports management and marketing brands promoting combat sports through Kumite 1 League, an Indian mixed martial arts promotion.

Jul 02, 2019 15:07

Kapil leads angel funding in legal-accounting startup

MUMBAI: Wizcounsel, an online market network that helps people hire & manage freelance Legal, tax & accounting experts, has raised Rs 10 million in an angel round led by Kapil Dev, former Indian cricket team captain, Sunil Kumar Gupta, founder & chairman, SARC Associates, and Manas Fuloria, founder & CEO, Nagarro. The funds will be used for marketing, sales and to strengthen current operations.

Jun 28, 2019 15:06

UK marks £778m budget for CWG 2022

LONDON: Birmingham and the West Midlands region will benefit from a £778 million ($986 million) investment to stage the 2022 Commonwealth Games, the British government has confirmed.

Jun 27, 2019 12:06

Karembeu invests in digital sport sponsorship marketplace

BECKENRIED, Switzerland: Swiss-based digital sport sponsorship marketplace sponsor.online, which was launched at the beginning of this year and is already used by over 150 professional football clubs and 50 global brands, has announced a prominent new investor and advisor in Christian Karembeu (48), a former world and European champion who will strengthen the Swiss platform team with immediate effect.

Jun 24, 2019 15:06

In a 1st, IOC seals $3bn joint TOP sponsor deal

LAUSANNE: The International Olympic Committee (IOC), The Coca-Cola Company and China Mengniu Dairy Company Ltd Monday announced that they have signed the first-ever Joint TOP Partnership Agreement. The partnership combines the non-alcoholic beverage and the dairy categories into a new joint category, and brings Chinese dairy company Mengniu into the family of Worldwide TOP Partners.

Jun 08, 2019 16:06

US cable billionaire buys Italian football club Fiorentina

MUMBAI: Rocco B. Commisso, the billionaire owner of Mediacom Communications, acquired Italian football club Fiorentina on Thursday from billionaire brothers Andrea and Diego Della Valle. Financial details were not disclosed but Italian media reports peg the purchase price at between $150 million and $200 million.

Jun 01, 2019 19:06

Valuation agreed, City investment in Mumbai City set to close

MUMBAI: It was on May 8 that SportzPower first broke the news that in-principal agreement on the quantum of stake that City Football Group (CFG), owners of Premier League giants Manchester City FC, will take in Indian Super League franchise Mumbai City FC had been reached.

May 30, 2019 19:05

Visa increases global investment in women’s football

SAN FRANCISCO: Heading into the FIFA Women’s World Cup France 2019, Visa Thursday announced an expanded commitment to women’s soccer, leveraging the brand’s sponsorship platform to inspire women athletes amidst the global gender equality and women’s empowerment movement.

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