Investments

NEW YORK: And that makes it 4! Mumbai Indians, owned by Reliance Industries Ltd, is expanding into the United States with a Major League Cricket (MLC) franchise – MI New York. 

The team is set to compete in the inaugural season of MLC this July following the completion of necessary customary due diligence; negotiation, and execution of definitive binding agreements, and receipt of required corporate, regulatory and third-party approvals and compliances.

Mar 17, 2023 19:03
The GMR Group (co-owners of IPL franchise Delhi Capitals) will "help build and operate" the Seattle Orcas team in the upcoming Major League Cricket (MLC) T20 league in the US, scheduled to launch in July, it was announced Thursday.
Mar 17, 2023 15:03
MUMBAI: The inaugural Premier Handball League (PHL) – already sanctioned by the Handball Association India, the national sports federation for the sport, affiliated with the International Handball Federation (IHF) and the Asian Handball Federation (AHF), is on the horizon. 
Mar 10, 2023 16:03
BEVERLY HILLS, CA: WME, a subsidiary of Endeavor Group Holdings, Inc., Thursday announced it has signed a deal to acquire basketball representation firm BDA Sports Management. 
Mar 10, 2023 16:03
NEW YORK: The Arena Group and Gaud-Hammer Gaming Group Thursday announced the launch of Esports Illustrated, a new media platform dedicated to providing exclusive, in-depth coverage of esports with analysis, player and team interviews, and behind-the-scenes glimpses of major competitive gaming events.
Mar 10, 2023 15:03
NEW DELHI: Super Six Sports Gaming (SSSG), parent company of daily fantasy sports platform Fantasy Akhada, has raised $11 million in a fresh round of funding. 
Mar 08, 2023 18:03
The Women’s Tennis Association has entered into a commercial rights partnership with CVC Capital Partners that also entails the private equity giant taking a minority stake in the WTA.  While financial details were not revealed, Sky News reports that CVC would be paying $150 million for a 20% stake in the WTA, with the firm set to establish a new company to oversee broadcasting and marketing operations.
Mar 06, 2023 19:03
BENGALURU: Taking forward its ‘Sports for All’ concept, Royal Challengers Bangalore has made inclusivity and diversity the key going into the inaugural Women's Premier League (WPL). 
Feb 28, 2023 18:02
BENGALURU: Sports infrastructure development firm Tiger 5 has launched its newest arena in Dairy Circle on Bannerghatta Main Road in association with IBC knowledge park.  The multi-sport facility has AstroTurf courts suitable for playing a variety of games like football, cricket, volleyball, throw-ball and ultimate frisbee.   
Feb 24, 2023 17:02
MUMBAI: The National Company Law Appellate Tribunal on Friday stayed the order directing initiation of insolvency proceedings against Zee Entertainment Enterprises Ltd (ZEEL).  NCLAT also issued notice to private sector lender IndusInd Bank and the final hearing of the case will now be heard on March 29.
Feb 16, 2023 18:02
LOS ANGELES: Rich Paul, the sports agent who represents LeBron James, Wednesday announced the creation of Klutch Athletics, a new Black-owned sportswear brand co-authored with New Balance.