Cricket Updates

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2 weeks ago

Rajasthan Royals acquired by US investors for a staggering 1.635 billion dollars

The deal encompasses ownership of the Royals' teams including Paarl Royals in SA20 and Barbados Royals in CPL.

#RajasthanRoyals #SportsInvestment #CricketOwnership

IndiaWest

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2 weeks ago

Backed By Blackstone, David Blitzer, RCB Sells To Birla Consortium For $1.78 Billion - IndiaWest News Backed By Blackstone, David Blitzer, RCB Sells To Birla Consortium For $1.78 Billion.

Backed By Blackstone, David Blitzer, RCB Sells To Birla Consortium For $1.78 Billion

Full Story: indiawest.com/backed-by-bl...

#RoyalChallengersBengaluru #RCBSale #AdityaBirlaGroup #DavidBlitzer #Blackstone #IPLNews #CricketBusiness #SportsInvestment #UnitedSpirits #BengaluruFranchise

IndiaWest

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2 weeks ago

Backed By Blackstone, David Blitzer, RCB Sells To Birla Consortium For $1.78 Billion - IndiaWest News Backed By Blackstone, David Blitzer, RCB Sells To Birla Consortium For $1.78 Billion.

Backed By Blackstone, David Blitzer, RCB Sells To Birla Consortium For $1.78 Billion

Full Story: indiawest.com/backed-by-bl...

#RoyalChallengersBengaluru #RCBSale #AdityaBirlaGroup #DavidBlitzer #Blackstone #IPLNews #CricketBusiness #SportsInvestment #UnitedSpirits #BengaluruFranchise

Cricket Updates

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2 weeks ago

Aditya Birla Group and Times of India Group join forces to purchase RCB for 1.78 billion USD

The buying group also features Bolt Ventures and Blackstone's private equity strategy.

#RCB #AdityaBirla #SportsInvestment

@economynewsus.bsky.social

1 month ago

Novak Djokovic Joined by Real Madrid Star and F1 Icons in Takeover of ‘next Wrexham’ Novak Djokovic, Thibaut Courtois, & F1 icons join forces as co-owners of Le Mans FC, boosting soccer's elite scene! #SportsInvestment #LeMansFC #Djokovic.

Novak Djokovic Joined by Real Madrid Star and F1 Icons in Takeover of ‘next Wrexham’

Novak Djokovic, Thibaut Courtois, & F1 icons join forces as co-owners of Le Mans FC, boosting soccer's elite scene! #SportsInvestment #LeMansFC #Djokovic.

Wilayah My

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3 months ago

Malaysian Paralympic Council Calls for Strategic Investment to Drive Para Sports Growth After Dubai Triumph RM20 Million for 2026: Malaysian Paralympic Council Calls for Strategic Investment to Drive Para Sports Growth After Dubai Triumph KUALA LUMPUR: Following one of its most impressive competitive years, the Malaysian Paralympic Council (MPM) has called for a RM20 million allocation for 2026 from the Ministry of Youth and Sports to reinforce Malaysia’s para sports […]

Malaysian Paralympic Council Calls for Strategic Investment to Drive Para Sports Growth After Dubai Triumph #ParaSports #MalaysianParalympics #SportsInvestment #YouthAndSports #InclusiveSports

mzbn50

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3 months ago

Saudi Prince Launches €10 Billion Bid for BarcelonaA New Era Where Money Shapes Football | Business Turkey Today Saudi Crown Prince Mohammed bin Salman is reportedly preparing a €10 billion offer to buy Barcelona, a move that could become one of the biggest club takeovers in European football history.

Saudi Prince Launches €10 Billion Bid for BarcelonaA New Era Where Money Shapes Football businessturkeytoday.com/saudi-prince...

#Barcelona #SaudiArabia #MohammedBinSalman #FootballFinance #ClubTakeover #EuropeanFootball #SportsInvestment #PublicInvestmentFund

IndiaWest

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4 months ago

Maryland’s Sanjay Govil Eyes Buying IPL Franchise, Royal Challengers Bengaluru - IndiaWest News Maryland’s Sanjay Govil Eyes Buying IPL Franchise, Royal Challengers Bengaluru.

Maryland’s Sanjay Govil Eyes Buying IPL Franchise, Royal Challengers Bengaluru

Full Story: indiawest.com/marylands-sa...

#SanjayGovil #IPLBid #RoyalChallengersBengaluru #CricketBusiness #SportsInvestment #FranchiseOwnership #BusinessMoves #Entrepreneurship #CricketNews

Blaze Trends

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4 months ago

Benfica Ex-VP Urges 'Quality Over Quantity' for Sports Investment Fernando Tavares, a former vice president for modalities at Portuguese football club Benfica, has publicly urged the club to drastically reshape its

Benfica Ex-VP Urges 'Quality Over Quantity' for Sports Investment

#athletics #Benfica #FernandoTavares #olympics #sportsinvestment

Blaze Trends

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4 months ago

Football Star Cristiano Ronaldo Invests in MMA Promotion WOW FC Football superstar Cristiano Ronaldo has acquired a stake in Spanish mixed martial arts (MMA) organization WOW FC, a move set to significantly accelerate the

Football Star Cristiano Ronaldo Invests in MMA Promotion WOW FC

#cristianoronaldo #mma #shareholder #sportsinvestment #WOWFC

Blaze Trends

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4 months ago

Portugal Invests $21 Million in Jamor High-Performance Sports Center Portugal's government has approved a substantial $20.84 million investment to upgrade the Jamor High-Performance Center, a key national sports facility, as

Portugal Invests $21 Million in Jamor High-Performance Sports Center

#GovernmentofPortugal #JamorHighPerformanceCenter #NationalSportsDevelopmentPlan #Oeiras #sportsinvestment

Blaze Trends

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5 months ago

Portuguese Olympic Chief Wants Higher Sports Investment, Cites National Limits This investment for the High Performance Centers (CARs) is part of a larger $69.7 million package. The funding agreement spans 2024-2028 and is a joint effort

Portuguese Olympic Chief Wants Higher Sports Investment, Cites National Limits

#CentrosdeAltoRendimento #ComitéOlímpicodePortugal #FernandoGomes #PortugueseGovernment #sportsinvestment

Blaze Trends

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5 months ago

Portuguese Sports Body Pushes for Investment in 2026 Budget Portugal's national sports confederation is urging political parties to adopt a sweeping package of fiscal and policy reforms for the sports sector, framing

Portuguese Sports Body Pushes for Investment in 2026 Budget

#DanielMonteiro #fiscalreform #PortugueseSportsConfederation #sportsinvestment #StateBudget

Cricket Updates

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5 months ago

Who will take the reins of RCB as Diageo considers a sale?

With investors from India and the US interested, the path to acquisition is complex due to differing views on future media rights value.

#RCB #SportsInvestment #FranchiseSale

Cricket Updates

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6 months ago

Saudi Arabia takes a bold step into cricket with its ILT20 partnership

After much discussion, the nation transitions from speculation to real investment in the sport.

#SaudiCricket #ILT20 #SportsInvestment

Profit Trading USA

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7 months ago

Click Subscribe #Apollo #SportsInvestment #FinanceNews #InvestmentVehicle #AssetManagement

Profit Trading USA

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7 months ago

Apollo Global planning $5 billion sports fund, FT reports (Reuters) -New York-based Apollo Global Management plans to launch a $5 billion sports investment vehicle, the Financial Times reported on Tuesday, as private capital firms step up bets on the sector. Apollo will hire new employees to lead the strategy, which will focus on lending to sports leagues and teams and buying stakes in clubs, the newspaper said, citing unidentified sources. Apollo, a major corporate credit investor, which managing more than $800 billion in assets recently held talks with the lead shareholder of Atletico Madrid about a potential investment in the Spanish top-tier football club, Reuters reported in July. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. Most investors will find it hard to answer that question with total confidence. Short of a guarantee, which no one can give you, the most successful traders stick to proven best practices without letting hype or hyper-vigilance take over their better judgment. But that doesn't mean you can't use smart shortcuts. If you're considering APO, try chatting with WarrenAI, our powerful AI financial assistant. It's just like ChatGPT for investors, but with access to 10 years of company data, a built-in screener, Wall Street analysts' reports, and earnings call transcripts for real-time, vetted insights. Even if you end up going with your gut feeling, at least you'll know why.

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Cricket Updates

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7 months ago

Can Zimbabwe Cricket benefit from its significant investment in Victoria Falls Stadium?

David Coltart, a former sports minister, criticized the funding as a poor financial choice, as ZC aims to promote the ve...

#ZimbabweCricket #VictoriaFallsStadium #SportsInvestment

Cricket Updates

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7 months ago

Will Zimbabwe Cricket gain from its substantial investment in Victoria Falls Stadium?

Former sports minister David Coltart criticized this spending as a misguided use of funds while ZC aims to promote the stadium as...

#VictoriaFalls #ZimbabweCricket #SportsInvestment

Cricket Updates

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8 months ago

Birmingham Phoenix secures £40 million investment from Knighthead Capital

The American fund is the first to finalize talks, enhancing its portfolio in Birmingham sports.

#BirminghamPhoenix #SportsInvestment #KnightheadCapital

Irg Torben Buehrer

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8 months ago

🏀 Women’s sports are no longer niche. With WNBA ratings climbing and Boston Legacy investing in infrastructure, institutional capital should double down — this is where fan culture meets explosive growth. #WNBA #WomenInSports #SportsInvestment

PeppyPanda 🐼 - Uplifting and good news

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10 months ago

MLB invests in women's pro softball league

Big news for women's softball! ⚾️ MLB's investment signals a major step forward for the pro league and its incredible athletes. #WomensSoftball #MLBSoftball #BreakingNews #SportsInvestment

All Namibian News

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10 months ago

Steenkamp Calls for Greater Investment in Athletes At Regional Sport Awards [Namibian] Namibia's education, innovation, youth, sport, arts, and culture minister Sanet Steenkamp has called on southern African governments to increase investment in athlete development.

#Namibia #AthleteDevelopment #SportsInvestment #SouthernAfrica #YouthSports

All Namibian News

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10 months ago

Steenkamp calls for greater investment in athletes at regional sport awards Namibia’s education, innovation, youth, sport, arts, and culture minister Sanet Steenkamp has called on southern African governments to increase investment in athlete development. Steenkamp was speaking at the seventh Regional Annual Sports Awards in Harare, Zimbabwe, on Saturday evening. Speaking in her capacity as the chairperson of the African Union Sports Council Region 5 Council of Ministers, Steenkamp praised Zimbabwe for its “outstanding hospitality” and for hosting “a truly memorable and exceptional event”. “This is a clear testament to Zimbabwe’s unwavering belief in the power of sport as a tool for transformation, unity and pride,” she said. Steenkamp urged Region 5 member states to adopt more sustainable frameworks for sport development. “Let us move from event-based support to sustainable, structured pathways that produce world-class talent with character, purpose and staying power.” She also paid tribute to Zimbabwe’s Kirsty Coventry, who was recently elected as the first African and first woman president of the International Olympic Committee. “Dr Coventry embodies the excellence we aspire to,” Steenkamp added, urging her to “continue to champion Region 5 as a model for inclusive, sustainable, and people-centred sports development”. Congratulating all nominees, she said: “You are already winners. Your journey to this moment is a victory in itself.” Steenkamp called on attendees to meet at the upcoming Region 5 Youth Games, to be hosted by Namibia in July, “with the same energy, commitment and unity that we celebrate here tonight”. The post Steenkamp calls for greater investment in athletes at regional sport awards appeared first on The Namibian.

#SportsInvestment #AthleteDevelopment #RegionalSportsAwards #SportForTransformation #AfricanUnion

All Namibian News

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10 months ago

Ballotti calls on more corporates to invest in sport  Deputy minister of education, innovation, youth, sport, art and culture Dino Ballotti has called on the private sector to double its efforts in supporting sport and youth development in Namibia.  Speaking at the launch of the fourth edition of the Bank Windhoek u21 Soccer Tournament at Ramblers Sport Club on Wednesday evening, Ballotti thanked Bank Windhoek for it’s sponsorship of the tournament, but called for more companies to come on board.  “I’m so privileged to be standing here to talk about this tournament – it does not only celebrate sporting talent, but I truly believe that there’s a shared vision with the ministry for youth empowerment. This is a platform that empowers young people and for that we say thank you to Bank Windhoek,” he said.  “But now that I’m a politician I’d like to challenge our private sector to do more, so that in 2026 I can stand here and say that we are now taking it to all 14 regions of Namibia… We want the private sector to step forward and to emulate and to collaborate. We should never squeeze the one, or two, or three corporates that are supporting us too much, so I think the call to action is for more corporates, I’m not even going to mention names. I mean, we all buy food at different shops, isn’t it, and I’ve never seen those shops host football tournaments,” he said.   “Youth development is a collective responsibility, it is not the mandate of the ministry alone. Let us work together to create more opportunities like this, not only in the Khomas region, but across all disciplines and all sport codes. Things start and they grow and they manifest and evolve organically, and as we grow, it will grow into something beautiful with many stakeholders on board,” he added.  Ballotti called on the players to remain humble and to use the opportunities to the best of their abilities.  “There’s a message I want to emphasise, and that’s remaining humble in both defeat and victory. It’s very important for young people to be extremely competitive but have humility, I think those are the life qualities we want to emphasise for our young athletes,” he said.  “Also know that scouts are watching. I’m almost certain that every premiership team will be eagerly watching the matches, even coaches, perhaps from other countries, and hopefully we can also have international teams partaking in this tournament in future,” he added.  Harald Hecht, the president of Ramblers Sport Club which is organising the tournament said this year’s tournament will be held in Windhoek, as well as Keetmanshoop for the first time.  “It has become evident that the tournament has grown in popularity and cemented it’s place on the local football calendar. The exposure that these youngsters gain, and the opportunity for talent scouting by premier league teams in particular, allows for the establishment of possible collaboration between soccer academies and premier league teams.  “After consultations between Ramblers Club and the Bank Windhoek as the sponsor, this year will see the tournament being held in Keetmanshoop, in addition to a tournament in Windhoek. I take this opportunity to say thank you to the Namibia Football Association, the Southern Stream First Division, the Kharas regional soccer association and the Keetmanshoop municipality for the support in making this year’s tournament a success,” he said.   The Windhoek tournament will be held at Ramblers Stadium from 18 to 21 June and will see six teams in action, namely Ramblers, Julinho Athletic, Swallows, Kasaona, SKW and Riverheights.  The tournament in Keetmanshoop takes place from 27 to 29 June and will also see six teams in action, namely Westside Football Academy from Karasburg, Aroab Football Academy, KFA from Rsh Pinah, Mariental Sport Club, Koes Academy and Franz Beckenbauer Academy from Keetmanshoop.  “The modalities of the tournament will be shared with the competing teams and this year will have cash prize monies introduced instead of equipment, while each participating team will receive a playing kit as well,” Hecht said.  The chairman of Ramblers, Sedrick von Turah, said that Bank Windhoek’s sponsorship amounts to N$300 000 which will be equally shared between the two regions and will go towards administration, referees, medics, administration, accommodation and prize money.  The post Ballotti calls on more corporates to invest in sport  appeared first on The Namibian.

#Namibia #YouthDevelopment #SportsInvestment #BankWindhoek #SoccerTournament

Profit Trading USA

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11 months ago

Why women's sports is like investing in small-cap stocks - Yahoo Finance Why women's sports is like investing in small-cap stocks  Yahoo Finance

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Citizen Portal News Louisiana

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11 months ago

Louisiana House commends Baton Rouge Community College men's basketball team for championship win House of Representatives praises team for winning second straight conference championship.

The Louisiana House of Representatives has officially recognized the Baton Rouge Community College men's basketball team for their incredible back-to-back championship wins, igniting community pride and inspiring future athletes!

Learn more here

#LA #SportsInvestment #CitizenPortal

All Namibian News

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1 year ago

Namibia’s N$4.7m Afcon bid flop now under scrutiny in Botswana  The government spent N$4.7 million on a failed bid to co-host the 2027 Africa Cup of Nations (Afcon) with Botswana. The Botswana-Namibia (Bona) bid aimed to bring the continent’s top-24 national teams to the region, but ultimately collapsed. The bid is now under investigation by Botswana’s parliament after reportedly costing its government P65 million (N$86 million). Sources previously indicated that Namibia had spent over N$30 million on the bid. However, at a press conference yesterday, the executive director of education, innovation, youth, sport, arts, and culture, Erastus Haitengela, said Namibia only spent N$4.7 million between 2022 and 2023 out of an allocated budget of N$31 million. At least N$3.4 million was spent on operational costs, such as subsistence and travel (S&T) allowances, and a further N$1.2 million was paid to the Botswana government. “Out of the total operational budget assigned to the bid technical committee of the total budget of N$31.5 million, Namibia’s 40% portion was N$12.6 million. The ministry spent N$3.4 million on operational expenses. “The N$1.2 million was a commitment to the Botswana government towards the payment of facilities audit services carried out by a consultant,” he said. Haitengela said the process of procuring the service of a lead consultant was assigned to the Botswana Sports Commission’s procurement unit, with a closing date of 13 March 2023. A recommendation of the successful bidder to the respective accounting officers was also to be made on or before 31 March 2023. “Due to factors beyond Namibia’s control, this process was not concluded in March 2023, which resulted in the Bidco team caught off guard by Confederation of Africa Football (CAF), with the announcement of 12 April 2023 that the bidding process of Afcon 2027 is officially open, and interested countries have 42 days from the date of announcement to submit their bids to CAF on 23 May 2023,” Haitengela said. The Namibian government terminated the agreement in 2023. RISING COSTS Haitengela said in the process, Namibia’s share of the consultancy costs increased from the initially approved N$7.6 million to N$46.4 million – 40% of a newly proposed N$116 million budget – far exceeding the original N$19-million estimate. Given this dramatic cost escalation, Haitengela said the ministry could not commit without the approval of the Cabinet and the Ministry of Finance and Public Enterprises, especially with only days remaining before the 20 April 2023 deadline to submit Namibia’s declaration of interest to CAF. A facilities audit conducted from 31 January to 23 February 2023 further compounded concerns. It estimated that Namibia would need N$4.8 billion to upgrade existing stadiums and training venues or build new ones to meet CAF standards. Additionally, factoring in infrastructure upgrades such as airports, roads, hotels, information and technology, and broadcasting the total estimated cost to co-host Afcon 2027 rose to N$12 billion to be spent within three financial years. CAF’s bid timeline, announced on 12 April 2023, added further pressure. The deadlines required Namibia to submit its declaration of interest by 20 April 2023, receive hosting documents from CAF by 25 April, submit final bidding documents by 23 May, and undergo CAF inspection visits between 1 June and 15 July. “Having taken all the above factors, the Ministry of Sport, Youth and National Service was left with no other option but to give notice of termination of the joint Afcon 2027 bid preparation memorandum of agreement with the Republic of Botswana,” said Haitengela. PROBE In February, Botswana’s 13th parliament, under the new administration, adopted a motion to investigate the controversial 2027 Afcon bid, which allegedly cost the government N$86 million. The bid process came under scrutiny after claims surfaced that the bid book, produced by South African engineer Reuben Reddy, cost approximately N$86 million. However, then minister of youth, gender, sport and culture Tumiso Rakgare dismissed these figures as exaggerated, saying the actual cost was N$54 million, according to Mmegi Online. The bid was originally pursued under Namibia’s former president Hage Geingob and Botswana’s former president Mokgweetsi Masisi, who lost last year’s elections. Now, the controversy has resurfaced under Botswana’s new administration led by president Duma Boko. Arafat Khan, a member of parliament for Molepolole North, tabled a motion calling for a parliamentary investigation into how the bid was handled. The motion proposed the establishment of a special select committee to examine the N$65-million bid process, assess whether the cost aligned with international standards, review the procurement process, and conduct a full audit of the tender. Following extensive debates, Botswana’s parliament unanimously agreed across both ruling and opposition parties that the bid should be investigated. Reports also surfaced online that Botswana’s Directorate on Corruption and Economic Crime will be travelling to Namibia to investigate the issue. Haitengela said they were not approached. Anti-Corruption Commission director general Paulus Noa yesterday said the news has not reached his office. Botswana’s Directorate on Corruption and Economic Crime said it would respond today. The bid was eventually won by Kenya, Uganda and Tanzania. The post Namibia’s N$4.7m Afcon bid flop now under scrutiny in Botswana  appeared first on The Namibian.

#Namibia #Afcon2027 #AfricaCupOfNations #BonaBid #SportsInvestment

Cricket Updates

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1 year ago

Silicon Valley group values London Spirit at £295 million, a major win in The Hundred

This deal positions the London club as the most valuable entity in The Hundred.

#LondonSpirit #TheHundred #SportsInvestment

YesPunjab.com

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1 year ago

Bollywood actor Abhishek Bachchan becomes co-owner of European T20 Premier League - Yes Punjab News Abhishek Bachchan invests in the European T20 Premier League (ETPL) as co-owner, joining forces with Ireland, Scotland, and the Netherlands for a cricket tournament set to launch in July 2025.

Bollywood actor Abhishek Bachchan becomes co-owner of European T20 Premier League
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#AbhishekBachchan #EuropeanT20 #BollywoodNews #CoOwner #T20PremierLeague #SportsInvestment #CricketAndBollywood #AbhishekBachchanInFocus #BachchanFamily #CricketOwnership