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Indian F1 Grand Prix Organizers Dismiss Speculation They May Not Host Race In '1406 / 20 / 13Indian Grand Prix organizers on Wednesday dismissed media speculation that they may not host an F1 race next year as "totally baseless and malicious," according to Alan Baldwin of REUTERS. Jaypee Sports Int'l spokesperson Askari Zaidi, "Our agreement with Formula One Management is to hold F1 races a... Tags: Events and Attractions, India |
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Nike Fined $780K For China 'Fakes'
Nike has been fined 4.87M yuan ($779,000) for selling sneakers in China "at a higher price and of a lower standard," according to the CHINA DAILY. Nike set the price for one of its basketball sneakers, which it advertised with double air cushions inside, at 1,299 yuan ($208) in China, "more than 500 ...
Deccan Bought By Media Conglomerate
The Board of Control for Cricket in India announced that a Chennai-based media corporation has bagged the Hyderabad franchise of the Indian Premier League Twenty20 tournament for an annual fee of $15.81M, according to Amlan Chakraborty of REUTERS. The club was formerly known as the Deccan Chargers. ...
Tags: Franchises, India
Arenas To Join Former NBAers In China
Former NBAer GILBERT ARENAS "is nearing an agreement on a one-yer contract" with the Chinese Basketball Association team Guangdong Southern Tigers, according to Marc J. Spears of YAHOO! SPORTS. Arenas "hoped to return to the NBA this season," while working out in his hometown of L.A., but no teams ...
Tags: People and Pop Culture, China
Marriott Partners With Mission Hills
Mission Hills Group has formed a joint venture with Marriott Int'l through the development of the Ritz-Carlton and Renaissance Hotels at Mission Hills Haikou, located on a Chinese island. The total investment of the deal amounts to RMB 1.3B ($208M), with the two hotels opening to the public in the s ...
Tags: Facilities, China, Europe, United Kingdom
Cambodia F1 Futures Nets Two Sponsors
Group Lease Finance, the flagship holding of Japan-based Asia Partnership Fund, will sponsor the last two of three men's Cambodia F1 Futures events, while entertainment and gaming company NagaWorld will sponsor the first leg, according to H S Manjunath of the PHNOM PENH POST. The $10,000 events are ...
Tags: Marketing and Sponsorship, Asia
Korean Channel Wins Rights To Air WBC
JTBC, the broadcasting channel of the JoongAng Media Network, "has won exclusive rights to broadcast the 2013 World Baseball Classic" in South Korea, according to Moon Gwang-lip of the KOREA JOONGANG DAILY. JTBC signed a contract with MP & Silva, the media rights agency for the WBC, to broadcast ...
Tags: Media, Asia, North America
McLaren-Honda Comeback In '14
If F1's proposed new engine regulations are not scrapped at the eleventh hour, the chances of a Honda comeback with McLaren seem very good," according to Mario Fritzsche of MOTORSPORT-TOTAL.com. McLaren and Honda have a very successful F1 history. The two companies worked together between '88-92. Du ...
Tags: Franchises, United Kingdom, Japan
Hong Kong Residents Want Complex On Mainland
Hong Kong's top sports officials have "hit out strongly at the government for looking to move the proposed sports hub at Kai Tak to Sunny Bay on Lantau Island," according to Alvin Sallay of the SOUTH CHINA MORNING POST. The officials believe the move would be "going back on the promise to provide th ...
Tags: Facilities, Asia
Japan Baseball Prodigy Eying U.S.
Japanese baseball officials are "concerned about a potential exodus of premier talent" to the MLB after high school pitching prospect Shohei Otani revealed his decision Sunday to forgo a career at home in favor of playing in the U.S., according to KYODO. Nippon Professional Baseball Yomiuri Giants P ...
Korean Golf Teams With KB Financial
KB Financial "is taking aim at golf" by sponsoring the last major KLPGA game of the season, according to Lee Ji-hyun of the KOREA JOONGANG DAILY. The KB Financial Group STAR Championship will be held at the Yeongjongdo Sky 72 Golf Club from Thursday through Sunday. The event offers a total of 700M w ...
Tags: Marketing and Sponsorship, Asia
