News

Mar 25, 2020 18:03

Fiscal 2020 Q3 results: Nike reports revenues up 5%

BEAVERTON, Ore.: NIKE, Inc. Tuesday reported fiscal 2020 financial results for its third quarter ended February 29.

Revenues rose 5% on a reported basis and 7% on a currency-neutral basis while digital sales were up 36% versus the prior year.

Revenues increased to $10.1 billion in the third quarter, up 5% on a reported…

Mar 25, 2020 18:03

ANTA Group’s 2019 Earnings: Revenue up 40%

HONG KONG: Chinese sportswear major ANTA Sports Products Limited has announced financial results for the fiscal year ended December 31, 2019. 

Breaking multiple records, the Group accomplished the most impressive annual report in its history. Most noticeably, ANTA Group’s earnings for the full year 2019 have hit approximately…

Mar 25, 2020 18:03

Football will come back with new ideas, new formats: Infantino

ZURICH: FIFA president Gianni Infantino has called on football to show solidarity and unity in the fight against the coronavirus after speaking at the World Health Organization (WHO) headquarters in Geneva following the launch of the latest WHO-FIFA awareness campaign which is led by world-renowned footballers.

Mar 24, 2020 19:03

BCCI has 2 options: No IPL or condensed tourney in Sep-Oct

MUMBAI: The uncertainty surrounding this year's IPL grew Tuesday with the BCCI postponing a scheduled conference call with the franchise owners which was to discuss a way forward amid the spiralling COVID-19 pandemic.

It doesn't need conference calls or official statements for SportzPower to declare that the world's richest…

Mar 24, 2020 19:03

UEFA indefinitely postpones 3 club finals

LYON: As a result of the COVID-19 crisis in Europe, UEFA has formally taken the decision to postpone the men's and women's Champions League and Europa League finalss.

The following matches, originally scheduled for May 2020, stand suspended indefinitely:
UEFA Women’s Champions League Final
UEFA Europa League Final…

Mar 24, 2020 19:03

F1 committed to 2020 Season: Chase Carey

LONDON: Formula 1 CEO Chase Carey has provided another update on the latest situation with the 2020 F1 season in light of the coronavirus outbreak.

Chase said: 
"Over the past week, Formula 1, the ten F1 teams and the FIA have come together and taken rapid, decisive action as part of our initial response to the COVID-19…

Mar 24, 2020 19:03

HI ready to make adjustments following Tokyo Games postponement

NEW DELHI: Following the growing concerns around the COVID-19 pandemic and the announcement jointly made by the International Olympic Committee (IOC) and Tokyo 2020 Organising Committee Tuesday to postpone the Tokyo Olympic Games to 2021, Hockey India confirmed that they will be working closely with the chief coaches of both the…

Mar 24, 2020 19:03

COVID-19 hit: APac sports media revenues to fall 35%

SINGAPORE: The emergence of a global public health crisis with the spread of coronavirus (COVID-19) in the recent weeks, has proved destructive to the 2020 sports calendar. The pandemic has disproportionately affected life in Europe and North America while Asia slowly recovers after the first wave of infections. 

Mar 24, 2020 18:03

Tokyo Olympic Games postponed to 2021

TOKYO: Bowing to the inevitable, Japanese Prime Minister Abe Shinzo and International Olympic Committee president Thomas Bach announced Tuesday that the Tokyo 2020 Games would be postponed; an extraordinary move, unprecedented in peacetime, as the world battles the coronavirus pandemic.

The Olympics, which has experienced…

Mar 24, 2020 17:03

US Soccer names ex-Wasserman exec as CEO

CHICAGO: The beleaguered US Soccer Federation, still feeling the aftershocks of the furore caused by the "blatant sexism" shown by its erstwhile president in the federation's response to a gender discrimination lawsuit by the US women's team, has named veteran sports executive Will Wilson as chief executive officer, filling a vacancy…