Daily fantasy sports companies, Draftkings and FanDuel, have agreed a merger following the companies’ $12m settlement over false advertising claims with the New York attorney general last month.
The merger, although agreed, must be approved by regulators and both companies have stated they expect the deal to close in the second half of 2017, operating under individual brands until then.
ASICS has announced growth across the EMEA region between January and September 2016, with the sport performance brand delivering an overall 4% increase in net sales to €695m.
ASICS stated that the sales increase was largely driven by strong growth in running, ASICS’ key category, with running footwear increasing by 6% and apparel by 3%.
Another key contributor is the brand’s lifestyle category, ASICS Tiger, which grew 54%, compared with the first three quarters of 2015. Sales in ASICS’ own retail outlets grew by 16%.
Alibaba is set to invest £82m ($100m) into Chinese rugby over the next ten years in a joint initiative with World Rugby to grow the game in the country.
Alisports - the sport arm of e-commerce company, Alibaba - will look to recruit 1 million new players into the sport within five years.
The investment will aid efforts to set up programmes in 10,000 schools and universities and train 30,000 coaches as well as launch the first professional leagues for men and women in China. In addition, a national sevens programme will also be set up.
Premier League side Manchester City has announced it has almost doubled its profits to £20.5m in 2015/16.
It marks the second year of profitability for the club, which had earnings of £10.7m last year. In a statement, the club said it had generated record revenues of £391.8m in the year up until 31st May, an increase on the previous year’s figure of £351.8m.
Amaury Sport Organisation (A.S.O), owner of Le Tour de France, and organiser of runs and sportives in Europe, such as the Paris Marathon and L’Etape du Tour, has completed the purchase of Human Race Events.
For the last 26 years, South West London based Human Race has been organising mass participation events, such as the London Winter Run, Windsor Triathlon and Dragon Ride L’Etape Wales.
Sport England has awarded Commonwealth Games England (CGE) £4m of National Lottery funding to support Team England for Australia’s Gold Coast in 18 months’ time.
The funding, alongside the cash CGE raises from sponsors, will enable Team England to create the best possible performance environment for the athletes, coaches and support staff. This will include a preparation camp prior to the Games, and all the support services that athletes require.
The Ultimate Fighting Championship (UFC) has announced that a number of high profile names from sport and entertainment have invested in the mixed martial arts series.
Investors from the world of sport include National Football League (NFL) players Cam Newton and Tom Brady and owner of New England Patriots Robert Kraft as well as tennis stars, Li Na, Maria Sharapova and Venus Williams.
National Basketball Association (NBA) team, Philadelphia 76ers’ ownership group has announced it has acquired two eSports teams, Team Apex and Team Dignitas.
The teams will be merged under the Team Dignitas banner and compete in League of Legends, Counter Strike: Global Offensive, Overwatch and Heroes of the Storm, with the 76ers handling the day-to-day operations including player recruitment, marketing and sales.
Some of London’s biggest businesses lined up for the sold-out 10th anniversary running of the Bloomberg Square Mile Relay on Thursday evening. 115 teams, each made up of 10 company employees, took to the start line for the corporate relay race only a few hours after the running of the Bloomberg Square Mile Relay race in Shanghai
Global participation sport agency, Limelight Sports Group, has secured an investment boost from DCT Ventures, the investment arm of media owner DC Thomson.
In recent years the media group has expanded into new sectors, although this is its first investment in the sports sector.
The Sport Industry Daily
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