Vista Outdoor said it would sell its sporting products business in a $1.91 billion deal, although its shares tumbled about 20% in early trading after it cut its full-year sales forecast. The all-cash sale of the...
Football-XFL and USFL announce intent to merge
The XFL and USFL said that the two troubled American grid iron leagues plan to merge and begin play next year. The XFL is owned by movie star Dwayne ‘The Rock’ Johnson while the USFL is under the ownership...
Carlyle in talks to take stake in Manchester United, Sky News reports
U.S. buyout firm Carlyle Group Inc is in talks about a “major” investment in Manchester United as the auction of the Premier League soccer club enters its final stages, Sky News reported. Carlyle was one of...
GMR Sports in talks to buy gaming startup Fantasy Akhada
Fantasy gaming startup Fantasy Akhada is in talks to sell a significant stake to GMR Sports, a GMR Group entity, at a valuation of $160-175 million ( ₹1,300-1,400 crore), four people aware of the development said. The...
Matt Ishbia set to acquire Phoenix Suns, Mercury basketball teams for record $4 billion
Mat Ishbia, a billionaire mortgage lender, has agreed to buy a majority stake of the Phoenix Suns and Phoenix Mercury from the owner Robert Sarver for $4 billion who announced the sale of basketball teams in September...
Mukesh Ambani to bid for football club Liverpool FC’s takeover: Report
Indian billionaire Mukesh Ambani has entered the race to bid for world-renowned English football club Liverpool FC’s takeover, reported a leading English daily. The English Premier League giants have been put up...
Russian oil firm Lukoil acquires Spartak Moscow soccer club
Russian oil firm Lukoil said it had purchased Russian Premier League club Spartak Moscow, as well as the Moscow stadium where it plays its home matches. Spartak is reeling from financial problems in the wake of...
EFL give conditional approval to Kirchner’s proposed Derby takeover
The English Football League (EFL) on Tuesday gave its conditional approval to American businessman Chris Kirchner’s proposed acquisition of Derby County. Earlier on Tuesday, administrators for the English club...
Shah Rukh Khan’s Knight Riders Group acquires franchise in UAE T20 League
The Knight Riders Group, co-owned by Bollywood actors Shah Rukh Khan, Juhi Chawla and her husband Jay Mehta, has acquired the rights to operate a franchise at the UAE T20 League, becoming the fifth Indian firm to do so...
Adani Sportsline Acquires Franchise In Upcoming Uae’s Flagship T20 League
In a landmark decision, Adani Group’s Adani Sportsline forayed into franchise cricket by acquiring the rights to own and operate a franchise in UAE’s flagship T20 league. The UAE T20 League, licensed by...
Boehly-led consortium wins bid to take over Chelsea
A consortium led by LA Dodgers part-owner Todd Boehly and backed by Clearlake Capital has won the bid to acquire Premier League club Chelsea in a deal worth up to 4.0 billion pounds, Britain’s Telegraph newspaper...
Ricketts bid added to shortlist for Chelsea takeover
The Ricketts family has been included on the shortlist to buy Premier League club Chelsea, a source close to the deal told Reuters on Friday, joining groups led by Martin Broughton and Todd Boehly as the other two bids...
