Investments

THIRD TIME LUCKY? THE LONG SUFFERING SUPPORTERS of East Bengal, one of oldest and most storied football clubs in the country, would certainly be hoping so.  

Indian health care FMCG Emami Group has been announced as the new lead investor in East Bengal. 

And what of all the media hype (created by BCCI president Sourav Ganguly shooting from the lip as it were) that English football giants Manchester United MIGHT link up with the iconic Kolkata club, in the ultimate analysis, it turned out just as SportzPower had expected - all talk and no substance.

May 25, 2022 18:05
MUMBAI: Take-Two Interactive Software, Inc. announced Wednesday the completion of its merger with Zynga Inc.  Under the terms of the merger agreement, Zynga stockholders received $3.50 in cash and 0.0406 shares of Take-Two common stock per share of Zynga common stock.
May 25, 2022 17:05
LONDON: Tottenham Hotspur Limited Tuesday agreed a capital increase of up to £150m from majority shareholder, ENIC Sports Inc, via the issue of convertible A Shares and accompanying warrants. The equity injection provides the Premier League club with greater financial flexibility and the ability to further invest on and off the pitch.
May 20, 2022 18:05
LAUSANNE: The International Olympic Committee Friday published its 2021 Annual Report, following its approval by the IOC Members on the final day of the 139th IOC Session, held remotely from Olympic House here.
May 20, 2022 17:05
NEW YORK: Major League Cricket (MLC), promoted by Times Group-led American Cricket Enterprises (ACE), USA Cricket's commercial rights partner, has announced an initial close of a $44 million Series A and A1 fundraising round. 
May 19, 2022 17:05
RAJKOT: Marwadi University (MU), which has a declared commitment to nurturing future athletes across all sporting categories, asserts it has till date invested over Rs 8 cr (Rs 80 million) with a plan to build a strong sporting ecosystem to complement academics.   
May 16, 2022 17:05
LONDON: IMG ARENA, a leading sports data and technology business, announced Monday a strategic investment in Swedish computer vision specialist Signality.  Providing IMG ARENA with a controlling interest, the investment will enhance IMG ARENA’s data collection capabilities with leading computer vision and camera technologies.
May 16, 2022 17:05
CHENNAI: India's erstwhile tennis capital Chennai will see the return of an international tournament for the first time since 2017 with a WTA 250 event to be held here from September 26 to October 2.
May 13, 2022 14:05
DUBAI: The Emirates Cricket Board Thursday completed its calibrated announcements of the owners in the ECB's upcoming franchise-based T20 League. Indian Premier League (IPL) franchise Kolkata Knight Riders (KKR) will now have a sister team in the UAE T20 league as the Knight Riders Group (KRG) have acquired the rights to own and operate the Abu Dhabi franchise. 
May 13, 2022 11:05
MUMBAI: The BCCI's value pitch for the Indian Premier League's digital rights just got some serious heft with the declaration by the Walt Disney Company in an earnings call that Disney+ Hotstar had added over 4 million new subscribers in the March quarter, "which benefited from the start of the new IPL season".
May 12, 2022 13:05
LONDON: Following its announcement of exclusive discussions on 3 February, BT Group plc has agreed a set of definitive agreements with Warner Bros. Discovery, Inc to form a 50:50 joint venture company to create a new premium sport offering for the UK & Ireland, and to transfer the operating businesses of BT Sport to Warner Bros. Discovery.