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Murray Is Unlikely To Renew Sponsorship Deal With Adidas, Industry Sources Say

Published in SportsBusiness Daily Global on 10 / 01 / 14

Sources inside the equipment industry said that Andy Murray's long-standing sponsorship deal with adidas "is unlikely to be renewed at the end of the season," according to Sim Briggs of the London TELEGRAPH. The Scottish player is going "in search of one last big kit deal to cover the final five yea...

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Tags: Marketing and Sponsorship, United Kingdom

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01/29/13
Jaipur Uncertain Host Of IPL Matches

In Jaipur, India, "uncertainty looms large" over the city's chances of hosting the upcoming Indian Premier League matches as the Memorandum of Understanding between the Rajasthan Cricket Association and Rajasthan State Sports Council, which had expired last year, is still "yet to be renewed," accord ...

Tags: Events and Attractions, India

01/29/13
Myanmar Drops SEA Games Events

Myanmar "has dropped popular Olympic sports" from the Southeast Asian Games in December, and "hopes to pack the competition with less well-known sports where its athletes are likely to win medals," according to the BANGKOK POST. The Games, to be held in capital Nay Pyi Daw and other locations, "will ...

Tags: Events and Attractions, Asia

01/28/13
Li Ning Shares Drop With Fundraising Plan

Chinese sportswear company Li Ning "sent its shares tumbling by revealing it needed to raise more money to complete a restructuring plan," according to Patti Waldmeir of the FINANCIAL TIMES. Its share price sank 14.7% on Friday after the company said that it plans to issue convertible securities worth up to HK$1.87B ($241M) to provide capital for restructuring and business development, "as it tries to reverse a two-year slide in its performance." The securities are convertible into one share at HK$3.50 ($0.45) each and "will be offered to shareholders for every two existing shares held."

Tags: Finance, China

01/28/13
France Moves Up As Sporting Nation

France overtook Germany as the most powerful sports nation in Europe in '12, according to Havas Sports & Entertainment’s 8th annual "Great Nations of Sport" study to be released Monday. The world’s top sporting nations -- U.S., China and Russia -- have finished in first, second and t ...

Tags: Research and Ratings, Europe, North America, Asia

01/25/13
Fox Sports Launches In Asia

Fox Int'l Channels will launch Fox Sports on TV, broadband, mobile and online in various countries in Asia beginning Monday. The launch, which follows News Corp.'s successful acquisition of ESPN's partnership interest in ESPN STAR Sports, will see all ESPN networks renamed as Fox Sports networks ac ...

Tags: Media, Asia

01/25/13
Olympic Football Could Face Late Games

Teams qualifying for the knock-out stages of the 2020 Olympic football competitions "may face some late nights if Tokyo wins the right to stage the Games," according to David Owen of INSIDE WORLD FOOTBALL. The official bid book for the Japanese city, which was made public this month, indicates that ...

Tags: Olympics, Japan

01/25/13
Thai FC Owner Plans F1 Track

Thai Premier League club Buriram United President Newin Chidchob, who is also a former politician, "plans to construct a Formula One racetrack" worth about 2B baht ($67M) in his Thailand hometown of Buri Ram, according to the BANGKOK POST. Chidchob, also known as "Thunder castle," has contacted Tilk ...

Tags: Facilities, Asia

01/24/13
Reebok India Faces Heat From SFIO

Serious Fraud Investigation Office officials said that Reebok India is "causing delay in a probe into its complaint against its two top former employees for alleged financial irregularities and fraud," according to Dey & Mitra of the Indian BUSINESS STANDARD. A key SFIO official said, "We need t ...

Tags: Finance, India

01/23/13
India's American Football League 'Unnoticed'

Season one of the Indian American football league "passed by mostly unnoticed," according to Ranjita Ganesan of the Indian BUSINESS STANDARD. Launched in '11, Elite Football League of India, the first men's professional American football league in the subcontinent, "has not garnered much interest." ...

Tags: Leagues and Governing Bodies, India

01/23/13
Athletes Ask Indian Officials To Quit

A group of former athletes has "asked top officials from the Indian Olympic Association to quit," a month after the IOC suspended the national body, according to Romit Guha of the WALL STREET JOURNAL. A letter signed by 20 athletes said the group supports the IOC's decision and urges IOA office bear ...

Tags: Olympics, India

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