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Chinese Property Developer Wanda Group Eyes 30% Stake Of Serie A Club AC Milan

Published in SportsBusiness Daily Global on 02 / 27 / 15

China's biggest property developer is "expanding sports empire in Europe," according to Emma Glez of CHINA DAILY. Dalian Wanda Group is interested in purchasing a 30% stake of Serie A side AC Milan, as the company "continues its shopping spree to build a sports empire in Europe." Wanda, which contro...

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Tags: Franchises, Europe, China

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Ambani Wealthiest Indian Cricket Owner

A Wealth-X estimate said that Reliance Industries Chair/Managing Dir Mukesh Ambani "is the wealthiest Indian cricket team owner" with an estimated net worth of $21.2B, according to the PTI. Through Reliance, Ambani owns Indian Premier League defending champions Mumbai Indians. Ambani’s worth " ...

Tags: Finance, India

ISL Faces Skepticism Ahead Of Kickoff

The Indian Super League's backers "include some of the biggest names in Indian sport, business and Bollywood," according to the AFP. But the ISL, "which promises to lure a galaxy of former stars out of retirement, is already facing scepticism and even downright hostility from within the game some fi ...

Tags: International Football, India

Fence-Sitters To Rescue IPL Broadcaster

Elections "have delayed advertisers from getting on board" the Indian Premier League, according to Masoom Gupte of the Indian BUSINESS STANDARD. Elections have not only edged the event out of the country, but have "dictated its relevance for advertisers so far." With many of them staying away ti ...

Tags: Media, India

SCB Renews Singapore Marathon Deal

The Singapore Marathon "will continue to be under Standard Chartered's banner," after the bank announced on Monday that "it will continue to be title sponsors of the annual race," according to May Chen of the STRAITS TIMES. Standard Chartered Bank will continue to work with event owner Sport Singapo ...

Tags: Marketing and Sponsorship, Asia

BCCI Appoints IPL Investigation Panel

The Board of Control for Cricket in India "has appointed a three-member investigative panel to look into allegations of corruption in the Indian Premier League," according to the BBC. Its members are former law enforcement agency head R.K. Raghavan, former high court judge J.N. Patel and former Indi ...

Tags: Leagues and Governing Bodies, India

Indian Badminton League To Be Delayed

A busy int'l calendar has forced the Badminton Association of India to postpone the "second edition of the lucrative Indian Badminton League" that is scheduled for September-October, according to the IANS. The BAI is "contemplating to host the IBL early next year since some of the top shuttlers woul ...

Tags: Leagues and Governing Bodies, India

ICC T20 Broadcast Attracts 390 Million

Star Sports "has emerged as the clear winner" for broadcasting the 2014 ICC T20 World Cup , by registering record viewership on TV as well as its website, according to Urvi Malvania of the Indian BUSINESS STANDARD. According to TAM data provided by the sports broadcaster, "the event registere ...

Tags: Media, India

Indonesia, Taiwan Consider Asian Games

IOC VP Ng Ser Miang said that the Olympic Council of Asia "must move fast to find a replacement city to host the 2019 Asian Games ," but ruled out his "suitable Singapore homeland" as an option, according to Patrick Johnston of REUTERS. Vietnam's government announced its "surprise decision" on Th ...

Tags: Events and Attractions, Asia

PCB Mulls Change In Domestic Circuit

The Pakistan Cricket Board "is contemplating a radical change in its domestic cricket structure which would see the abolishment of departmental cricket after nearly five decades in the country," according to Ahad Awan of PAKISTAN TODAY. At the last managing committee meeting held in Lahore this mon ...

Tags: Leagues and Governing Bodies, Asia

ISL To Provide Relief To Oldest Clubs

The Indian Super League, promoted by IMG-Reliance and STAR India , "is set to provide the much needed relief to India's oldest football clubs such as East Bengal and Mohun Bagan among others," according to Digbijay Mishra of the Indian BUSINESS STANDARD. Though various stakeholders of the game ar ...

Tags: Leagues and Governing Bodies, India

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