Investments

In BCCI's big money WPL windfall, Adani highest bidder

SportzPower Team

Jan 27, 2023 19:01

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The Rs 4669.99 crore that has been committed for the purchase of five franchises in the upcoming Women’s Premier League (WPL) on Wednesday marks yet another valuation milestone delivered out of cricket's financial centre.

Adani Sportsline, owned by one of the world’s richest men - Gautam Adani - bid a massive Rs 1289 cr for the right to own the Ahmedabad team in WPL. The successful bidders of three of the five WPL teams already run Indian Premier League outfits - Mumbai Indians, Delhi Capitals and Royal Challengers Bangalore respectively.

Jan 25, 2023 15:01

Women's Premier League: BCCI scores Rs4670cr from sale of 5 teams

MUMBAI: Yet another revenue landmark for Indian cricket was registered Wednesday after the sale of five franchises that will make up the first season of the Women's Premier League (NOT Women's Indian Premier league) raked in a combined Rs 4669.99 crore. For perspective, this is a higher number than the BCCI got from the sale of eight teams when the Indian Premier League was launched in 2008.

Jan 24, 2023 07:01

YONEX ups India prodn capacity, to make graphite racquets

NEW DELHI: The world’s leading badminton equipment brand YONEX on Saturday announced that it will now manufacture high-quality graphite racquets in the country, expanding its existing production plan and base in India, a move which will bring the cost of full-body racquets down considerably.

Jan 23, 2023 19:01

6 IPL franchises confirm formal interest to buy WIPL teams: Report

MUMBAI: Six of the ten franchises that make up the Indian Premier League have formally submitted expressions of interest in the Women's IPL, Cricbuzz reports.

Jan 18, 2023 14:01

UK's richest man 1st to formally declare interest in buying ManU

Jim Ratcliffe, head of chemical company INEOS and Britain's richest man with a reported worth of £9.8 billion ($12.1bn), officially registered an interest to buy Manchester United FC on Tuesday. The Glazer family, the US-based owners of the Premiere League giants, had revealed in November they are looking at "strategic alternatives", including outside investment or a sale.

Jan 17, 2023 18:01

After WIPL's rights sale success, action switches to team bids

MUMBAI: The media rights auction of the Women’s Indian Premier League (WIPL) was reportedly set to to determine whether all ten franchises that make up the IPL would put in team bids.

Jan 16, 2023 19:01

Chennai Heats crowned INBL 5x5 inaugural season champions

BENGALURU: Headstart Arena India (HAI) has successfully completed its inaugural Indian National Basketball League (INBL) 5x5 season. INBL 2022 was played across three rounds of league action in three different venues - Kochi, Pune and Delhi - before making their way to the playoff and finals in Bengaluru.

Jan 13, 2023 19:01

ITF terminates 25-yr Davis Cup deal with Kosmos

The future of the Davis Cup is up in the air after the International Tennis Federation (ITF) on Thursday announced it was ending its partnership with investment group Kosmos, founded by Spanish footballer Gerard Piqué, just five years into a 25-year agreement.

Jan 11, 2023 19:01

WWE sold to Saudi Arabia's Public Investment Fund: Reports

WWE, the world's largest pro-wrestling company, has reportedly been sold to Saudi Arabia's Public Investment Fund. Reports of the sale emerged hours after Stephanie McMahon announced her resignation from her roles as chairwoman and co-CEO of the company and her father Vince McMahon returned as chairman of the board. Co-CEO Nick Khan will now serve as WWE CEO.

Dec 15, 2022 20:12

Michael B Jordan now part owner of AFC Bournemouth

US businessman and philanthropist Bill Foley and his partnership Black Knight FC have confirmed the 100% buyout of Premier League club AFC Bournemouth from owner Maxim Demin. Foley assumes the role of club chairman with immediate effect.

Dec 14, 2022 21:12

Dhawan fronts $75m global investment sports tech fund

DUBAI: Indian cricket star Shikhar Dhawan has launched Da One Global Ventures (DOGV), a $75 million global venture capital fund that will focus on innovation across the sports spectrum. DOGV’s targeted investments will span multi-stage startups across sports tech, esports, gaming, and Web3.

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