Investments

City Football Group acquires majority stake in Italian club Palermo

Last updated : Jul 05, 2022 20:07

SportzPower Team

Jul 05, 2022 14:07

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PALERMO, Italy: City Football Group, parent company of Premier League champions Manchester City FC, has added Italian club Palermo FC to the list of soccer clubs it owns across the world.

As per media reports, CFG, which had been in advanced talks with the Serie B outfit about becoming the 11th club in their portfolio, has acquired an 80 per cent stake in the Sicilian team for €12-€13 million.

Jun 30, 2022 10:06

Post Team India shirt deal renewal, BYJU'S on cost-cutting drive

MUMBAI: India’s most valuable startup BYJU'S, which has just extended its Team India shirt sponsor deal with the BCCI for another 18 months (until the end of 2023), is on a major cost-cutting exercise.

Jun 29, 2022 13:06

DP World Tour, PGA Tour expand partnership with 13-yr deal

VIRGINIA WATER, UK: The DP World Tour and the PGA Tour have moved to significantly strengthen not only their existing alliance but also help develop players to compete at the pinnacle of men’s professional golf, by unveiling a ground-breaking new 13-year operational joint venture partnership.

Jun 29, 2022 13:06

Owner line-up for Ultimate Kho Kho inaugural edition completed

MUMBAI: A tinge of Bollywood has been added to Ultimate Kho Kho with popular singer Badshah joining the league as co-owner of the Mumbai franchise alongside film producer, developer and sports enthusiast, Punit Balan. The Mumbai-based team completes the line-up for the inaugural edition of Ultimate Kho Kho, which will take off later this year.

Jun 28, 2022 18:06

Rhiti Group buys into convenience services provider Stanvee

NEW DELHI: Sports marketing company Rhiti Group, fronted by Indian cricketing icon MS Dhoni, has announced a partnership with Mumbai based convenience services provider Stanvee "to help elevate their brand experience and public profile".

Jun 27, 2022 06:06

Adani, GMR confirmed as team owners in Ultimate Kho-Kho

NEW DELHI (June 07): In a massive boost for Ultimate Kho Kho, corporate giants Adani Group and GMR Group have acquired the Gujarat and Telangana franchises respectively in the league, which is poised for a 2022 launch with an aim to promote the homegrown sport.

Jun 27, 2022 04:06

Group ONE Holdings and Media City Qatar ink global partnership

DOHA, Qatar: Group ONE Holdings(ONE) and Media City Qatar have signed a Memorandum of Understanding (MoU) to develop a strategic long-term partnership, collaborating in the production and development of a wide range of global content in Qatar across multiple media sectors, including original programming, studio shows, and esports, that will strengthen Qatar’s growing media ecosystem.

Jun 26, 2022 17:06

Ultimate Kho Kho onboards Odisha govt as 5th franchise owner

NEW DELHI: In what can be termed as a massive boost to the Ultimate Kho Kho (UKK), the Odisha government has taken ownership of a team in the soon-to-be-launched professional league. It will be the second direct sports venture for the Odisha government, which also owned a team — Kalinga Lancers — in the Hockey India League in 2013.

May 20, 2022 18:05

IOC publishes 2021 annual report; revenues up at $7.6bn

LAUSANNE: The International Olympic Committee Friday published its 2021 Annual Report, following its approval by the IOC Members on the final day of the 139th IOC Session, held remotely from Olympic House here.

May 20, 2022 17:05

Major League Cricket scores $120m funding commitment

NEW YORK: Major League Cricket (MLC), promoted by Times Group-led American Cricket Enterprises (ACE), USA Cricket's commercial rights partner, has announced an initial close of a $44 million Series A and A1 fundraising round.

May 19, 2022 17:05

Marwadi University invests Rs8cr+ to build sporting ecosystem

RAJKOT: Marwadi University (MU), which has a declared commitment to nurturing future athletes across all sporting categories, asserts it has till date invested over Rs 8 cr (Rs 80 million) with a plan to build a strong sporting ecosystem to complement academics.

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