Investments

DALLAS, TX: Pickleball, billed as America’s fastest-growing sport, is going after a new frontier - India. The United Pickleball Association (UPA), which was created after a merger between Major League Pickleball and the Professional Pickleball Association in the US last February, and India-based Global Sports have inked a deal to bring the PPA Tour and Major League Pickleball to the country.

As a part of the partnership, the organizations will launch key initiatives to the country, promoting the rapidly-growing sport to a young market. 

Aug 13, 2020 15:08
LONDON: Reigning ABB FIA Formula E Champion DS TECHEETAH announced Wednesday a new strategic partnership with Rakuten Sports, a Rakuten Group service that focuses on creating partnerships built on shared values with professional sports teams, athletes, brands and rights-holders.
Aug 12, 2020 19:08
MUMBAI: Education technology company Unacademy, already an official sponsor of the Indian Premier League, has, as per reports, not only extended its partnership for a further four years (2020-2023), but also bought bid papers for title sponsorship of the 2020 edition of the IPL. 
Aug 12, 2020 17:08
LOS ANGELES: Therabody, formerly known as Theragun, the global leader in tech wellness and percussive massage therapy, officially announced Tuesday that retired tennis champion and entrepreneur Maria Sharapova has made an investment in the company while joining Therabody as a strategic advisor. 
Aug 07, 2020 20:08
ROMA: Serie A side AS Roma has confirmed a consortium led by US businessman Dan Friedkin has signed a deal to buy the club. Agreement has been reached between AS Roma SPV, LLC, the majority shareholder of AS Roma S.p.A, and The Friedkin Group regarding the sale of the club.
Aug 06, 2020 20:08
NEW DELHI: Months after selling his family’s stake in Minerva FC, which had been rechristened Punjab FC, Ranjit Bajaj is back managing a football club.  The maverick administrator and his family have picked up a majority stake in Delhi Football Club, which is a top division club in the capital, Tribune India reports.
Aug 05, 2020 18:08
MUMBAI: WTF Sports, a fantasy sports gaming platform Wednesday formally announced their launch in India and globally and appointed cricketers Harmanpreet Kaur, the captain of the Indian squad at the ICC Women’s T20 World Cup in 2020 and Suresh Raina, as global brand ambassadors with the latter also joining the brand as a strategic partner. 
Aug 05, 2020 17:08
MUMBAI: VC firm Sequoia Capital India Tuesday announced that it has appointed ‘three exceptional senior leaders’ for various positions, who will be joining the company immediately.
Jul 31, 2020 20:07
LONDON: Real Madrid remain the most valuable football club brand in the world for 2020, according to the latest edition of the Brand Finance Football Annual. 
Jul 30, 2020 20:07
MUMBAI:Default on franchise fees from one of the six team owners in the inaugural edition of the X1 Racing League is the reason for the delay in payment of fees to senior professionals and the production company who worked on the event in end-2019, organisers of the league said Thursday.
Jul 28, 2020 19:07
PARIS: After the UAE and Qatar, it is the turn of Bahrain to invest in European football. Paris FC on Monday announced that the Gulf kingdom's sovereign wealth fund has acquired a 20% minority stake in the Ligue 2 club. With this injection of capital, PFC intend to achieve promotion to Ligue 1 in the next three years.