Investments

Sony, Natekar Sports to invest $10m+ in World Pickleball League

SportzPower Team
May 09, 2024 21:05

MUMBAI: India’s growing reputation as a potential racquet sports hub is all set to get a massive boost with the launch of the World Pickleball League (WPBL), the first-ever professional pickleball league, envisaged by Natekar Sports and Gaming (NSG) and Sony Entertainment Talent Ventures India (SETVI).

NSG, is a company promoted by ‘former Davis Cup star and Arjuna Awardee Gaurav Natekar and his wife, ‘Arati Ponnappa Natekar, also a former India #1 in Tennis. SETVI is a joint venture between Sony Music Entertainment and Sony Pictures Entertainment.

Jun 30, 2023 18:06
laliga cvc
Boost LaLiga receives €482m from CVC
MADRID: LaLiga has today received, as was agreed, the injection of €482m that corresponds to the third payment stipulated in the deal with CVC, which will begin to be distributed to the clubs participating in Boost LaLiga. With this instalment, LaLiga has now received a total of €1,447m from the fund, in line with the roadmap set out in the agreement, a media release said.
Jun 28, 2023 19:06
ESPORTS
Qlan secures $200k pre-seed funding
MUMBAI: Qlan, a social networking app designed for gamers and esports enthusiasts, has secured pre-seed funding to fuel its expansion and enhance gamer networking, discovery, and content creation capabilities.
Jun 26, 2023 19:06
BAI logo
REC, BAI partner to develop badminton
NEW DELHI: REC Limited, a leading public infrastructure finance company, has partnered with the Badminton Association of India (BAI) to strengthen the development program of Indian badminton.
Jun 26, 2023 19:06
Alpine F1
Alpine gets €200m; Ryan Reynolds in investor group
ALPINE HAVE secured a €200m cash injection from a group of investors, including Hollywood actor Ryan Reynolds, to support the French operation’s sporting ambitions in Formula 1. Alpine are currently fifth in the constructors’ championship – one place lower than they finished the last campaign – and have been searching for investment to help close the gap to F1’s leading teams.
Jun 23, 2023 19:06
Qatar to buy stake in Washington Wizards, Capitals: reports
QATAR INVESTMENT AUTHORITY is reportedly buying a stake in three US sports teams, which could indicate the infusion of more Gulf investment into the sports sector in the USA.
Jun 23, 2023 19:06
MOTOGP BHARAT
MotoGP Bharat economic activity of Rs 10 billion: UP CM
LUCKNOW: The ticket sales of MotoGP Bharat, India’s first-ever global motorcycling event, has gone live going live on the official ticketing partner BookMyShow.
Jun 21, 2023 19:06
ITW UXP Club Vistara combo logo
ITW UXP, Club Vistara partner for sports tourism biz
NEW DELHI: ITW UXP, the sports travel and experiential vertical of ITW Consulting, has announced a tie-up with Club Vistara, the loyalty program for Vistara.
Jun 14, 2023 21:06
Hero I-League logo
Five teams submit bids to AIFF for direct Hero I-League entry
NEW DELHI: The All India Football Federation (AIFF) on Tuesday announced it had received five proposals for direct entry in the upcoming Hero I-League 2023-24 season, while adding that the Indian Women's League (IWL) will be an eight-team affair in the coming edition.  The AIFF League Committee, chaired by Lalnghinglova Hmar, which met via video conferencing on Tuesday, made the announcements.
Jun 14, 2023 20:06
SPN Zee combo logo
Zee-Sony merger likely to face more delay on Sebi allegations
MUMBAI: Zee Entertainment Enterprises Ltd.'s planned merger with a subsidiary of Sony Group Corp. may face further delay, industry analysts said, after the Securities and Exchange Board Of India (SEBI) said the Mumbai-based media house faked the recovery of loans to cover for private financing deals by its founder Subhash Chandra.
Jun 09, 2023 20:06
Serena, Venus are team owners in new golf league
LOS ANGELES: TGL, the new primetime team golf league developed by Tiger Woods and Rory McIlroy’s TMRW Sports in partnership with the PGA TOUR, has announced the formation of its first of six team ownership groups with Seven Seven Six’s (776) founder Alexis Ohanian, Serena Williams, and Venus Williams.
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