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, 2020 20:07

Tokyo 2020 confirms venues, competition sched for Games in 2021

TOKYO: The Tokyo 2020 Organising Committee announced at Friday’s virtual IOC Session that all the venues intended for the Games in 2020 have been secured for next year, and confirmed the sports competition schedule.

Jul 16, 2020 20:07

IPL in the UAE: 3 venues, limited number of spectators

MUMBAI: Even as an assertion made by SportzPower on July 6 that the UAE would be hosting this year's Indian Premier League becomes more and more likely with each passing day, the Emirates Cricket Board (ECB) is keeping the venues - Dubai, Sharjah and Abu Dhabi - in a state of readiness.

Jul 15, 2020 20:07

Qatar 2022 confirms schedule; 4 games a day in group stage

DOHA: The iconic image of FIFA World Cup champions France lifting the trophy at Luzhniki Stadium is still fresh in the memory of every football fan. Exactly two years after that historic occasion on 15 July 2018, the unveiling of the match schedule for the next edition invites the football world to dream of a new beginning – one that, now, has a precise time and place to start.

Jul 15, 2020 16:07

Google to invest $4.5bn in Jio Platforms for 7.73% stake

MUMBAI: Google will invest Rs 33,737 crore (Rs 337.37 billion, $4.5 billion) in Jio Platforms, Reliance Industries chair and managing director Mukesh Ambani announced on Wednesday during the company’s online Annual General Meeting.

Jul 10, 2020 21:07

Goa firming up as most likely host state for ISL 2020-21

MUMBAI: The seventh edition of the Hero Indian Super League, planned for November to March 2021 behind closed doors, will in all likelihood be held in Goa, with Kerala, which was cited as the other possible contender as host state, dropping out of contention.

Jul 07, 2020 16:07

AIFF secures full membership of AFC Elite Youth Scheme

NEW DELHI: The Asian Football Confederation has conferred the All India Football Federation with the AFC Elite Youth Scheme full membership status. In a letter to Kushal Das, general secretary, AIFF, Windsor John, general secretary, AFC wrote: "We are pleased to inform that your application for full membership of the AFC Elite Youth Scheme has been approved by the AFC Youth Panel."

Jul 03, 2020 19:07

CSM Live to deliver ‘bio-secure’ venues for intl cricket return

LONDON: CSM Live, the live experience team of agency CSM Sport and Entertainment, has been appointed by the England and Wales Cricket Board to help the governing body formulate a bio-secure return to cricket.

Jul 02, 2020 20:07

LaLiga announces project for sports complex in Madrid

MADRID: LaLiga and T3N Sport & Investment are to build a new sports complex in Madrid. The project represents a ground-breaking milestone in the development of sport in Spain. Its facilities will include football fields, an educational centre and residences for all those stakeholders related to the sports industry.

Jun 24, 2020 17:06

2019 Rugby World Cup delivered £4.3bn economic boost

TOKYO: Japan 2019 was the most economically successful Rugby World Cup ever, with nearly £4.3 billion generated in economic output according to The economic impact of Rugby World Cup 2019 report published by EY Wednesday.

Jun 19, 2020 18:06

Planning for 1k district-level Khelo India centres: Rijiju

NEW DELHI: The Union Sports Ministry has announced plans to to establish 1,000 Khelo India Centres (KIC) at the district level across the country. These centres will either be run by a past champion or have them as coaches, a move intended to tap into their individual expertise for grassroot-level training of athletes and also to ensure a sustained source of income for them in the sports ecosystem, IANS reports.

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