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. 

Nov 29, 2023 19:11
Annual global revenues for women’s elite sports will generate $1.28 billion in 2024 (£1.02bn), Deloitte said on Wednesday. This is the first time that the billion-dollar threshold willl be breached.  This total is at least 300 per cent higher than Deloitte’s previous valuation three years ago.
Nov 27, 2023 17:11
Regional OTT platform Stage Monday announced Olympic champion Neeraj Chopra's onboarding as an investor.  Neither the quantum of stakeholding that India's javelin ace had picked up, nor the enterprise valuation at which the transaction was made were disclosed.  Stage made a public announcement about the development in Chopra’s ancestral village in Panipat, Haryana.
Nov 24, 2023 17:11
NEW DELHI: In a ground-breaking move to bolster the growth of kho-kho firstly in India and then globally, Ultimate Kho Kho (UKK), India’s first-ever professional kho-kho league, has secured a Series A funding from UK-based BNP Group — a  private investment firm that invests in scalable and disruptive business ideas. Financial terms or enterprise valuation were not disclosed.
Nov 21, 2023 19:11
TGL, the planned indoor golf league backed by Tiger Woods and Rory McIlroy, has postponed its inaugural season from 2024 to 2025, the organisation stated Monday. 
Nov 17, 2023 18:11
Aston Martin Aramco Cognizant Formula One Team Thursday announced it has entered an agreement for an investment in the team by Arctos Partners ("Arctos"), a private investment firm with significant experience of investing in sports.
Nov 13, 2023 18:11
A new investment bid for Yorkshire County Cricket Club has been received from an Indian Premier League franchise that rivals Mike Ashley's move to buy the Headingley Stadium, UK's The Times reports. 
Nov 10, 2023 18:11
Real sports gaming platform Game Theory has acquired sports analytics startup Matchday.ai.  Details of the acquisition, which is effective October 28, were not disclosed.
Nov 08, 2023 19:11
NEW YORK: Legends and ASM Global Tuesday announced the signing of a definitive agreement under which Legends will acquire ASM Global to create a premium live events company dedicated to providing outstanding experiences for fans around the world.
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.