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

Read more about JD Sports steps up US push with $1.1bn Hibbett acquisition
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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.

Jul 17, 2019 15:07

Arunachal in reckoning to host National Games in 2026

NEW DELHI: Arunachal Pradesh is likely to get the chance to host the National Games in 2026 as the Indian Olympic Association (IOA) has responded positively to the interest shown by the Arunachal Olympic Association (AOA) to host the country’s highest sports event.

Jul 17, 2019 15:07

Delhi Dynamos shift to Bhubaneswar back on table

NEW DELHI: After going cold these last three months, talk of Indian Super League team Delhi Dynamos FC shifting base from the capital's Jawaharlal Nehru Stadium (JNS) to make the Kalinga Stadium in Bhubaneswar their home stadium have resurfaced.

Jul 15, 2019 17:07

ONGC's 'non-core' golf course in Ahmedabad has oil wells

NEW DELHI: In what appears on first reading to be more about unintended fallout, the inter-ministerial committee (IMC) of the Union government, which had recently approved and submitted a list of 'non-core' assets of public sector undertakings (PSUs) for monetisation, is a golf course in Ahmedabad owned by Oil and Natural Gas Corporation (ONGC) that abuts two producing oil wells.

Jul 12, 2019 18:07

Odisha earmarks funds for 463 mini-stadia: State Sports Minister

BHUBANESWAR: The Odisha government has a proposal to fund 314 block level and 149 town-level mini-stadiums across the state.

Jul 09, 2019 15:07

Stadium privatisation: Sports Min seeks govt plan details

NEW DELHI: The Sports Ministry has sought a detailed proposal from the Central government about its plans to privatise premium sports infrastructure like the iconic Jawaharlal Nehru Stadium here.

Jul 04, 2019 16:07

AC Milan launching academies in Kerala

KOCHI: AC Milan will launch the Italian club's international football academy in Kozhikode, Kerala in the first week of September. "Phase one" of the programe will see AC Milan Football Academies simultaneously opening in Ernakulam and Malappuram districts. Academies in Thrissur, Kannur and Kasaragod districts will reportedly mark phase two of the project.

Jul 03, 2019 17:07

BFC to start football school centres in Pune

PUNE: Indian Super League (ISL) champions Bengaluru FC announced on Monday that its expansion of BFC Football Schools had reached Pune, in Maharashtra, where it will soon be functional in two new centres.

Jul 02, 2019 15:07

Odisha signs MoU for hosting CWG TT c'ships

BHUBANESWAR: The Odisha government on Monday signed an MoU with the Table Tennis Federation of India (TTFI) regarding hosting of the 21st Commonwealth Table Tennis Championship by the state, officials said.

Jul 01, 2019 15:07

Odisha earmarks Rs 2.66bn in budget for sports

BHUBANESWAR: Staying true to its aim of making Bhubaneswar the sports capital of India, the Odisha state government has allocated Rs 2.6631 billion to the Sports and Youth Services Department in the 2019-20 budget.

Jun 29, 2019 14:06

BFI scores 5-yr assn with JSW's Inspire Institute

NEW DELHI: The Boxing Federation of India (BFI) on Friday announced an association with JSW Foundation's Inspire Institute of Sport (IIS), the sports training institute in Karnataka which has Abhinav Bindra and Sourav Ganguly on its advisory board, to ensure “state-of-the-art facilities for the pugilists”.

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