Investments

Everton sold to US private equity firm 777 Partners

Last updated : Sep 20, 2023 20:09

SportzPower Team

Sep 18, 2023 19:09

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Everton has been sold to 777 Partners, with the US private equity firm buying out Farhad Moshiri's 94.1% stake in the struggling Premier League club in a deal reportedly worth more than £550 million ($685m).

The Miami-based investment fund declared on Friday it had signed an agreement with the British-Iranian billionaire to acquire his stake in Everton.

Closing of the transaction is expected to occur in the fourth quarter of 2023 and remains subject to regulatory approval, including from the Premier League, the Football Association, and UK's Financial Conduct Authority.

Sep 18, 2023 19:09

Captain Steel to partner Ganguly's Salboni project in WB

Former Indian cricket team captain Sourav Ganguly, who announced plans to establish an integrated steel plant with his friend at Salboni in West Bengal’s Paschim Medinipur, will execute the project with the assistance of Captain Steel, a senior official confirmed to PTI.

Sep 15, 2023 20:09

Naga Chaitanya acquires Hyderabad Blackbirds motorsport team

Renowned Telugu film star Akkineni Naga Chaitanya has recently acquired ownership of a motorsport racing team - Hyderabad Blackbirds (HBB). The team, which has made its mark in the Indian Racing League, is set to participate in the inaugural season of the Formula 4 Indian Championship. This new venture is organized and promoted by Racing Promotions Private Limited (RPPL).

Sep 14, 2023 20:09

Agilitas acquires sports footwear maker Mochiko Shoes

Sportswear and athleisure company Agilitas Sports, which is co-founded by former Puma India MD Abhishek Ganguly, has fully acquired Mochiko Shoes Pvt Ltd, one of India’s largest sports footwear manufacturers, for an undisclosed sum. Mochiko Shoes makes licensed products for leading brands including adidas, Puma, New Balance, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks and US Polo.

Sep 12, 2023 18:09

WWE, UFC merger to form TKO Group Holdings completed

BEVERLY HILLS, Calif.: Endeavor Group Holdings, Inc. and World Wrestling Entertainment, Inc. Tuesday announced the close of their previously announced agreement and the launch of TKO Group Holdings, Inc.

Sep 07, 2023 20:09

Nazara to raise Rs 410 crore from SBI Mutual Fund

Nazara Technologies stated Thursday that it has received board approval to raise Rs 410 crore from SBI Mutual Fund, the largest asset management company in India, through equity share issuance. This move comes as the diversified gaming and sports media company looks to build a warchest for potential acquisitions to grow its existing businesses.

Sep 07, 2023 18:09

RR tables £25m bid for English county Yorkshire: Report

Indian Premier League (IPL) franchise Rajasthan Royals have reportedly tabled a bid for English county Yorkshire. The bid for the troubled club is said to be £25 million ($31m), £10m more than the £15m the club need to raise to pay off what’s owed to ex-chair Colin Graves, UK's Daily Mail reports. The offer, according to the Mail, will be put to the board this month.

Sep 05, 2023 18:09

TPL franchise Hyderabad Strikers have new owners

Ahead of season 5 of the Tennis Premier League (TPL), the founders and owners of ENN Sports LLP, Nikunj Shah, Navin Dalmia, and Rajdeep Dalmia, have acquired the Hyderabad Strikers. The trio will be co-owners of the two-time and current TPL champions alongside celebrity co-owner Rakul Preet Singh.

Sep 04, 2023 20:09

Nazara Technologies approves Rs100cr preferential share issue

Online gaming company Nazara Technologies Limited on Monday announced the approval of a preferential allotment of equity shares with the aim of raising up to Rs 100 crore. Nazara Technologies will issue up to 14 lakh equity shares of face value of Rs 4 each at a price of Rs 714 per equity share to Zerodha co-founder Nikhil Kamath's companies.

Sep 04, 2023 20:09

3 IPL teams mull strategies to raise capital: Report

The owners of three Indian Premier League franchises have initiated discussions with the Board of Control for Cricket in India (BCCI) regarding their respective capital raising strategies, Mint has reported.

Aug 31, 2023 17:08

Free Fire return: Indian Esports industry sees 'dawn of new era'

NEW DELHI: Garena, a Singapore-based game developer and digital entertainment arm of Sea Group has announced the return of its popular mobile battle royale game Free Fire in India India. "Free Fire India" is all set to take the nation's video-gaming industry by storm as it will be available to download in the country from September 5.

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