Business Intelligence

Indian sports and athleisure company Agilitas Sports has acquired exclusive licensing rights to design, manufacture, and distribute Italian shoe brand Lotto in India, Australia, and soon South Africa for a period of 40 years for an undisclosed fee.

Agilitas Sports, which acquired the rights from WHP Global, is co-founded by former PUMA India and South-East Asia managing director Abhishek Ganguly. 

Feb 07, 2024 19:02
It was barely two months ago (November 2023) that cries of doom and gloom were heard from stakeholders in the Indian online real money gaming industry  following the GST Council’s decision to impose 28% Goods and Services Tax on the sector.
Feb 07, 2024 17:02
Under Armour has announced the appointment of Kevin Ross as its new senior vice president, managing director of Europe, Middle East & Africa.  With nearly 20 years of experience growing high profile brands including adidas, TaylorMade, Under Armour, and YETI, Ross brings proven talent and regional expertise to the company. He will report to president and CEO Stephanie Linnartz. 
Feb 07, 2024 17:02
MADRID: The 25th Laureus World Sports Awards, the most prestigious honours event in sport, will take place in Madrid on April 22. The announcement was made today by José Luis Martínez-Almeida, the mayor of Madrid, and Isabel Díaz Ayuso, president of the Madrid Region, along with Laureus Academy members Raúl González and Alessandro Del Piero, at the Teatro Albéniz in the Spanish capital.
Feb 06, 2024 19:02
PUNE: Industry stalwart and former professional esports player, Abhijeet Andhare, widely recognized by his gaming moniker Ghatak, has joined forces with seasoned professional Sunny “Fea” Lohia to co-found Trident Gaming, an esports and gaming solutions company. 
Feb 01, 2024 20:02
PONTE VEDRA BEACH, Fla.: The PGA Tour – in partnership with Strategic Sports Group (SSG) – announced Wednesday the launch of PGA Tour Enterprises, a new commercial venture under the PGA Tour’s control, and in a first-of-its kind program, nearly 200 PGA Tour members will have the opportunity to become equity holders in this new company. 
Feb 01, 2024 19:02
NEW DELHI: Union Finance Minister Nirmala Sitharaman announced the interim budget on Thursday, 1 February. Sitharaman, however, did not announce any significant changes in the allocations for sports in 2024/25, despite 2024 being an Olympic Year.  It is to be noted though that the overall allocation for the sports sector has increased from Rs 3,397.32 crore last year to Rs 3442 crores for 2024-2025.
Feb 01, 2024 18:02
LAUSANNE, Switzerland: SportAccord announces the return of Yutang Sports from China as a principal media partner ahead of the World Sport & Business Summit in Birmingham - West Midlands, United Kingdom from 7 – 11 April.
Feb 01, 2024 18:02
MUMBAI: Hindi film A lister Ajay Devgn is making a strategic investment in the upcoming World Championship of Legends, a T20 Tournament set to take place at Edgbaston Stadium in Birmingham, England.  The tournament is scheduled to run from 3rd July to 18th July, featuring retired "legends" of the game.
Feb 01, 2024 17:02
NEW YORK: Global sports and entertainment company Endeavor Thursday announced the integration of its global sports betting and data businesses, OpenBet and IMG ARENA, under the OpenBet banner.
Feb 01, 2024 11:02
The deal is reportedly done and now all that remains is "to dot the i's and cross the t's". The Walt Disney Company has reached an agreement to sell 60% of its India business to Viacom18, the Wall Street Journal reports.