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Cheltenham £45m development complete

The £45m development at Cheltenham Racecourse has been completed, within budget and ahead of schedule according to The Jockey Club. 

The development involved 14 phases, including a crescent walkway, a bridge over the horse walk, a refurbished weighing room, and various outdoor food areas.

Her Royal Highness The Princess Royal will be officially opening the new stand named in her honour, which has a capacity of 7,000.

ASICS Europe announces sales increase

Sport performance brand ASICS has announced double-digit sales figures across the EMEA region, delivering an overall net sales growth of 14% between January and September 2015.

The increase in sales has largely been driven by strong growth results in running, tennis and ASICS Tiger.

The results for the first three quarters of 2015 show an increase in running footwear by 15% overall, and women’s footwear increasing by 18%, with NPD Sports Tracking data confirming ASICS as the fastest growing brand amongst female runners.

AFC Bournemouth secures US investment

Premier League side AFC Bournemouth has announced completion of a transaction with PEAK6 Investments L.P, which has seen the Chicago based firm invest in the club and acquire a 25% share interest.

The relationship between Bournemouth and CEO Matt Hulsizer, the owner of NHL ice hockey side Minnesota Wild, and colleague Jay Coppoletta has been established over the past 15 months - with the team promoted to the Barclays Premier League last season. 

Rugby World Cup tickets generate £250m

World Rugby and England Rugby 2015 hailed the success of this year’s Rugby World Cup, declaring it the biggest and best tournament ever.

A number of records were broken off the pitch, with ticket sales reaching 2.47m across all 48 matches, the official Fanzone attendance surpassing the 1m mark and Wembley Stadium drawing two consecutive Rugby World Cup attendance records.

On the pitch, South Africa’s Bryan Habana equaled New Zealand’s Jonah Lomu’s World Cup try-scoring record of 15 by going over the line three times against the United States.

Rugby memorabilia on the rise

Ahead of the Rugby World Cup final between New Zealand and Australia on Saturday there has been a rise in interest for memorabilia, according to expert Gary Ashburn.

Some items from the match, which sees New Zealand looking for their third tournament victory having won the competition in 1987 and 2011, are expected to be good long-term investments, claims Ashburn.

Dentsu Aegis Network adds MKTG

Dentsu Aegis Network has announced the formation of a ninth global network brand, MKTG, the lifestyle marketing agency it acquired in August 2014.

In addition, out-of-home agency Posterscope’s experiential arm, psLIVE’s offices across Europe and Asia Pacific, South Africa’s Crimson Room, Australia/New Zealand’s Apollo Nation and US-based sports and entertainment consultancy Team Epic will be realigned as part of MKTG over the next 12 months.

Manchester City posts net profit

Manchester City has announced a net profit for the first time since Sheikh Mansour acquired the club in 2008.

The club released its Annual Report for the 2014/15 season on Wednesday evening, revealing a £10.7m profit for the 2014/15 season.

The news comes despite having to pay around £16m in fines for failing to meet UEFA's Financial Fair Play regulations.

FA signs £300m refinancing deal

The Football Association (FA), the governing body of English football, has signed a £300 million financial deal with HSBC, Barclays and Santander to assist with the refinance of Wembley Stadium.

The deal reduces debt interest costs and allows The FA to channel investments into grassroots football, increasing the number of artificial football pitches, the quality of coaching and coach education and the development of England teams.

The refinancing will reportedly save at least £12m a year. 

90min increases total funding

90min, the global football media and technology company, has announced the closing of a $15m investment round, bringing its total funding since inception to $39m.

The round was led by German media group ProSiebenSat.1 Media SE, joined by 90min’s existing backers Battery Ventures, Dawn Capital and Gemini Ventures.

The proceeds will serve to boost 90min’s global expansion, introduce new sports brands, and enhance its technology-enabled platform.

RWC auction set for knockout stage

The Rugby World Cup 2015 official auction site is offering fans of the competition the chance to own a piece of its history with limited edition items being made available to the public.

Held via an online auction portal, items include Rugby World Cup 2015 match balls, commemorative hand signed squad sheets, complete team signed jerseys plus hundreds of other collectables and framed memorabilia.

In total the auction, the largest ever associated with the tournament, features over 4,000 items with each of the 20 participating teams represented.


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