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 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.
Oct 17, 2023 16:10
BENGALURU: Tech sports brand Game Theory has raised $2 million in a pre-Series A funding round from a group of investors led by Nitin Kamath's Rainmatter,  and including Rohan Bopanna, WEH Ventures, Prequate Advisory, and angels - a notable name being Balakrishna Adiga.
Oct 16, 2023 18:10
MUMBAI: India wrapped up what was the country’s most successful Asian Games campaign in Hangzhou, China, last week, with an unprecedented haul of 107 medals to finish fourth overall.  The historic campaign had a few prominent factors behind its success, with JSW Group-led initiatives being among the forefront on that list.