Infrastructure

JD Sports steps up US push with $1.1bn Hibbett acquisition

Last updated : Apr 25, 2024 13:04
SportzPower Team
Apr 24, 2024 20:04

British sportswear retailer JD Sports Fashion Plc has entered into a definitive agreement to wholly acquire “highly complementary” US sports apparel and equipment retailer Hibbett, Inc. to speed up its US expansion and enhance its presence in “the world’s biggest and most attractive sportswear market”.

Under the terms of the deal, Birmingham, Alabama-based Hibbett’s outstanding shares will be sold to JD Sports for $87.50 per share in cash for an aggregate enterprise value of approximately $1.1 billion.

Aug 01, 2018 14:08
FIM Asia Road Racing Championship logo
Post Rs200m upgrade, MMRT to stage Asia Road Racing C'ship
CHENNAI: A refurbished Madras Motor Race Track is all set for some top-drawer action as it hosts the fourth round of FIM Asia Road Racing Championship, commencing Friday.
Jul 31, 2018 17:07
Sport in London gained $176m boost since 2012 Olympics: Report
LONDON: UK Sport, the British government-backed sports investment agency has claimed that sporting events have raised more than 130 million GBP ($176 million) since the Olympic and Paralympic Games were conducted in the capital city since in 2012. It has been exactly six years since the marquee sporting competition took place. 
Jul 28, 2018 15:07
Nairobi
Nairobi named host city for IAAF U20 World Championships 2020
MUMBAI: The IAAF announced on Thursday that Kenya’s capital city, Nairobi will be hosting the 2020 IAAF World Athletics U20 Championships. The city’s candidacy was formally endorsed by the IAAF Council in Buenos Aires.
Jul 25, 2018 15:07
Andhra CM lays foundation stone for intl sports complex
MUMBAI: Andhra Pradesh chief minister N Chandrababu Naidu on Tuesday laid the foundation stone of the ‘Amaravati International Sports Complex’ project at an event in the coastal city of Vijayawada.  The project has an estimated budget of Rs 600 million, ANI reports.
Jul 24, 2018 18:07
government of india
Govt presents National Sports University bill in Parliament
NEW DELHI: The Union government on Monday tables the National Sports University Bill 2018 in the Lok Sabha (Lower House of Parliament). 
Jul 23, 2018 17:07
Lanka’s iconic Galle stadium faces demolition
COLOMBO: The Sri Lankan government said on Friday that the country’s picturesque Galle cricket stadium might not exist for long as its pavilion stand has been enveloped by a 17th century Dutch fort that has violated heritage laws, AFP reports. The fort is likely to lose its UNESCO World Heritage status due to its illegal construction, which also includes the pavilion having 500 seats.
Jul 21, 2018 16:07
Goldman Sachs set to finance Camp Nou revamp
BARCELONA: LaLiga champions FC Barcelona have named top American financial services company Goldman Sachs to finance the construction of the new Camp Nou around mid-2019, Spain’s El Confidencial reports. The club can go ahead with its plan after it got an approval from local authorities in April this year, amidst much controversy of the usage of land space. 
Jul 18, 2018 16:07
cricket
Sachin's company partners Middlesex for 'global' cricket academy
MUMBAI: SRT Sports Management Pvt Ltd (SRTSM), legendary cricketer Sachin Tendulkar's sports management company, Monday announced an association with Middlesex Cricket to launch “Tendulkar Middlesex Global Academy” (TMGA). 
Jul 17, 2018 12:07
Brisbane’s Gabba may offer naming rights
BRISBANE: The iconic Australian cricket venue, ‘The Gabba’ in the city of Brisbane seems to be all set in getting a makeover amidst growing speculation that its naming rights will be sold for the first time in history, Sydney Morning Herald reports. 
Jul 16, 2018 16:07
Sports Min sanctions Rs200m for Chandigarh sports infra
MUMBAI: Chandigarh is all set to be a beneficiary of the Union Government’s ‘Khelo India’ campaign as it has granted a subsidy to the local government, amounting to Rs 200 million to upgrade the ‘green’ city’s sporting infrastructure.
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