Finance

Show within Informer: 

76ers acquire two eSports teams

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.

Liberty Media confirms F1 purchase

US firm Liberty Media Corporation has confirmed it will purchase Formula One for $4.4bn (£3.3bn).

The deal, which ends years of speculation about the ownership of the company, will see Bernie Ecclestone remain as chief executive but Chase Carey, vice-chairman of 21st Century Fox, will become the new chairman.

Liberty will initially purchase a minority stake in the global motor-racing championship, with a full takeover planned if regulators approve the deal.

BARCLAYS HOSTS #SINEXTGEN WORKSHOP

The Sport Industry NextGen Leaders continued their Leadership Package for 2016 by visiting Barclays’ global headquarters in London’s Canary Wharf to learn more about the daily workings and challenges of a global banking and financial services company.

Topics of discussion throughout the day included citizenship; diversity and inclusion in business; retail; marketing at Barclaycard and career development. 

Female jockeys race for development award

Jockey Club Racecourses North West has announced a £20,000 development award for female jockeys.

The award will be presented to a female jockey who rides a winner at Carlisle’s #AmazingMonday fixture on Monday 1st August and then goes on to win the Betfred Haydock Park Ladies’ Trophy Handicap Stakes at Haydock Park on Saturday 6th August.

The £20,000 prize is designed to provide an opportunity for personal development to support requirements for female jockeys, which could take the form of extra tuition or course fees, and will be dictated by the winning jockey.

UFC sold for $4bn to WME-IMG Group

A group headed by WME-IMG agency has agreed a deal with the Ultimate Fighting Championship (UFC) for around $4bn, according to president of the brand Dana White.

The sale of the mixed martial arts series has been reported in news outlets for a number of months, with White - who had 9% of the company - confirming the deal to the Associated Press news agency. It’s also reported that he will stay on to run the series, but have a smaller ownership stake.

Swansea City confirms US takeover

Premier League football club Swansea City has confirmed a takeover by US businessmen Jason Levien and Steve Kaplan.

The deal is subject to Premier League approval and financial terms were not disclosed, but media reports suggest the pair have acquired a 60-70% controlling interest for £100m.

Currently, Kaplan is the vice chairman of NBA franchise Memphis Grizzlies and Levien, a former chief executive at the Grizzlies, is now managing general partner at Major League Soccer side DC United.

Pages

Subscribe to RSS - Finance