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.
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.
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.
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.
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.
Private investment firm Bruin Sports Capital has completed the acquisition of sports media company Deltatre.
As part of the deal co-founders Luca Marini and Gaimpiero Rinaudo will retain a minority investment in the company and Rinaudo will also retain his role as chief executive.
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.
The 2015 Rugby World Cup, hosted by England, has been announced as the most financially successful to date, according to an economic report by EY.
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