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Palace confirms American investment

Premier League side Crystal Palace has confirmed American businessmen David Blitzer and Josh Harris have acquired a large stake in the football club.

The pair will join chairman Steve Parish in control at the club, with the chairman stating that the shareholders had agreed an “initial £50m injection of capital” to develop Selhurst Park – the club’s stadium.

Chinese investors secure Man City stake

China Media Capital (CMC) Holdings has acquired a minority stake in City Football Group (CFG), the owners of Manchester City FC, New York City FC, Melbourne City FC, and a minority shareholder in Yokohama F. Marinos.

CMC, a China based media, entertainment, sports and internet dedicated investment and operating company, has teamed up with CITIC Capital investment management firm, to invest £265m ($400m) for a 13% shareholding in CFG, valuing the group at $13bn.

RFU announces record revenues

The Rugby Football Union (RFU) has announced record revenues of £207.9m for 2014/15, exceeding the £200m mark for the first time, with a retained profit of £7.7m.

Despite a disappointing Rugby World Cup campaign, the RFU’s annual reports shows revenue exceeded £200m for the first time last season.

Surrey CCC announces sales records

Surrey County Cricket Club has announced record sales for the 2015 season, with gate receipts increasing by 26% overall.

This record performance included a sell-out Ashes Test, an increase in membership of 17% and a 25% increase in T20 Blast sales on the previous year as Friday night cricket returned to the Kia Oval for a third consecutive year.

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.

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