Investments

MUMBAI: The sports business in India stood at Rs 15,766 crore ($1.9 billion approx) in 2023. Tellingly, cricket’s (read Indian Premier League in particular) share of this is 87 per cent, up from 85 per cent in 2022. All other other sports, including football, kabaddi, hockey, badminton, to name some prominent ones, account for the remaining 13 per cent.

Of the total money spent on sports sponsorship (inclusive of ground, team, and franchise fees) and media spends by brands brought in the biggest chunks.
Endorsements by athletes are a distant third.

Nov 08, 2023 19:11
TGL - the new tech-based golf league developed by Tiger Woods’ and Rory McIlroy’s TMRW Sports Group - announced Tuesday that the golfing superstar's TGR ventures has partnered with pro sports mega owner David Blitzer in the formation of Jupiter Links Golf Club.  Tiger was also named as the first player on the roster of Jupiter Links, the sixth and final franchise for TGL's inaugural season.
Nov 08, 2023 18:11
Havas has acquired a majority stake in PR Pundit. This marks the debut of Havas Red, a Havas global PR network, into the Indian market. On closing, the firm will be rebranded PR Pundit Havas Red.
Nov 07, 2023 19:11
IPL founder Lalit Modi has welcomed reports that Saudi Arabia is interested in investing in the cash awash Indian Premier League.  According to a Bloomberg report, Saudi Arabian Crown Prince Mohammed bin Salman's advisers have spoken to Indian government officials about moving the IPL into a holding company valued at as much as $30 billion.
Nov 07, 2023 18:11
TORONTO: Sports media group Better Collective has agreed to buy Canadian digital sports media company Playmaker Capital for €176 million ($188m) in a deal that will nearly double its audience across the globe.
Nov 06, 2023 18:11
Saudi Arabia has expressed interest in buying a multibillion-dollar stake in the Indian Premier League (IPL), the world's richest cricket league, Bloomberg News reported on Friday, citing people familiar with the matter. Per the report, Saudi Arabian Crown Prince Mohammed bin Salman's advisers have spoken to Indian government officials about moving the IPL into a holding company valued at as much as $30 billion.
Nov 03, 2023 20:11
NEW DELHI: The Punit Balan Group (PBG) has announced its participation in the second season of the World Tennis League (WTL). The star-studded team named PBG Eagles will be led by the World No. 3 ace tennis player Daniil Medvedev.
Nov 02, 2023 19:11
BURBANK, Calif.: The Walt Disney Company announced Wednesday that it will acquire the 33% stake in Hulu, LLC held by Comcast Corp.’s NBC Universal (NBCU), following Comcast’s November 1 exercise of its right under the put/call arrangement between the two companies. 
Oct 25, 2023 18:10
Reliance Industries Ltd (RIL) is reportedly close to striking a multibillion-dollar cash and stock deal to acquire a controlling stake in Walt Disney’s India operations. The US entertainment giant has been exploring options for its television business in India that had included an outright sale or a joint venture since July. 
Oct 25, 2023 12:10
RIYADH: In a groundbreaking announcement during "The New Global Sport Conference" in Riyadh, Saudi Crown Prince Mohammed bin Salman declared the kick-off of the Esports World Cup, an annual mega-event set to debut in the summer of 2024.
Oct 18, 2023 09:10
Alpine and Otro Capital have welcomed some of the world's biggest sports stars as new strategic investors into their €200m fund, including Patrick Mahomes, Travis Kelce, Rory McIlroy, and Anthony Joshua.