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.

May 31, 2021 18:05

If World T20 held in India, 3 cities will host: Report

MUMBAI: With the BCCI expected to secure a one month’s extension to revert to the ICC on hosting the T20 World Cup in India, the focus has shifted to the modalities of such an eventuality. What is clear is that IF the world governing body agrees to allow the BCCI to deliver the event "in-house", what can definitively be ruled out is that the games will NOT be allotted to nine venues as was originally envisaged.

May 28, 2021 17:05

Belarus stripped of European Track Cycling Championships

LAUSANNE: The European Cycling Union (UEC) on Thursday cancelled the 2021 Elite Track European Championships, which was scheduled to be held in Minsk, Belarus, from 23 to 27 June, "in light of the current international situation".

May 26, 2021 19:05

Mohali intl hockey stadium renamed after Balbir Singh Senior

MOHALI: The Punjab government declared on Tuesday that the Mohali International Hockey Stadium, Sector 63, would be renamed after triple Olympian and Padma Shri Balbir Singh Sr. The stadium will now be known as Olympian Balbir Singh Senior International Hockey Stadium. The decision comes a year after the proposal got in-principal approval from the state government.

May 26, 2021 17:05

Sports Min oks 143 Khelo India centres across 7 States

NEW DELHI: The Union Sports Ministry on Tuesday dedicated a total of 143 Khelo India Centres across seven states with a total budget estimate of Rs 143 million. These centres will be entrusted with one sports discipline each. The states include Maharashtra, Mizoram, Goa, Karnataka, Madhya Pradesh, Arunachal Pradesh and Manipur.

May 14, 2021 14:05

MotoGP cancels 2021 Finland GP, adds Styria to calendar

MADRID: The FIM, IRTA and Dorna Sports have announced the cancellation of the 2021 Grand Prix of Finland. The ongoing Covid-19 pandemic, as well as resulting travel complications to Finland, have obliged the cancellation of the event.

May 13, 2021 17:05

UEFA moves CL final to Portugal, 6k fans of each team to attend

NYON, Switzerland: The UEFA Champions League final between Manchester City FC and Chelsea FC will be held at the Estádio do Dragão in Porto on 29 May, kick off 2100 CEST, following an offer to stage the game by the Portuguese FA (FPF) and the Portuguese authorities.

May 12, 2021 18:05

ECB declares £100m losses in 2020/21 'across game as a whole'

LONDON: The England and Wales Cricket Board has published its Annual Review and Financial Statements for 2020/21. In the review, the ECB has declared revenue losses amounting to more than £100m ($141m), compared to what had been expected to be received in 2020, after a year of matches played behind closed doors. The losses reported are from across the game as a whole – including ECB and First Class Counties.

May 11, 2021 16:05

Bio-bubble breaches sourced to IPL move to Delhi, A'bad

MUMBAI: Truth will out. Too late for the men who matter in the world's richest and most powerful cricket board though. Days after the BCCI was forced to indefinitely suspend the Indian Premier League, the "realisation" (seriously?) appears to have belatedly dawned within the board's corridors of power that taking the IPL bandwagon to the COVID "ground zero" cities of New Delhi and Ahmedabad was "ill-advised".

May 06, 2021 19:05

'SportzPower' View: BCCI should now shift focus to T20 WC

IN THE AFTERMATH OF THE suspension of the Indian Premier League, with the BCCI having had time to introspect, board president Sourav Ganguly has admitted that "travelling between cities could have caused the breach in the IPL's biosecure bubble".

Apr 30, 2021 22:04

Lausanne host venue for FIH World Hockey5s

LAUSANNE: The International Hockey Federation (FIH) announced Friday that it will organise its first ever senior World Hockey5s event on 11 and 12 September, in Lausanne, Switzerland.

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