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05/08/15
Essel Confirms Plan For Rival League

Essel Group, the Indian conglomerate behind a "proposed challenge to cricket's establishment," has provided an insight into its intentions, confirming it plans "to make a foray into the game by setting up a rival Twenty20 league," according to Chris Barrett of the SYDNEY MORNING HERALD. Essel, owned ...

Tags: Leagues and Governing Bodies, India

05/08/15
Dentsu Acquires Stake In Athletes First

Japanese ad giant Dentsu acquired a 33% stake in Athletes First, whose 180 athletes, coach and broadcaster clients include NFL Green Bay Packers QB Aaron Rodgers and Philadelphia Eagles coach Chip Kelly. The transaction caps a multi-year search for a partner by Athletes First, which included merger ...

Tags: Japan, Finance

05/06/15
Stocks For Companies With Football Ties Surge

Chinese President Xi Jinping’s plan to make China a football superpower "is winning over fans in an unlikely place: the nation’s $7.7 trillion stock market," according to BLOOMBERG. Nine listed companies with ties to the country’s football league have surged an average 158% since t ...

Tags: Finance, China

05/06/15
Cricket Leaders Doubt Rebel League

Indian cricket leaders "are not convinced that a rival league could drive a wedge through the sport's global competition or threaten the power" of the Int'l Cricket Council, according to C. Rajshekhar Rao of the AP. After all, they said that "this has been tried before in India" -- and did not succe ...

Tags: Leagues and Governing Bodies, India

05/06/15
Five Politicians Face Probe Over PyeongChang

A coalition of 50 civic groups has "filed complaints with the prosecution against five people," including Gangwon Province Governor Choi Moon-soon, "demanding an investigation into the preparations" for the 2018 PyeongChang Winter Olympics, according to Kim Se-jeong of the KOREA TIMES. In a pet ...

Tags: Olympics, Asia

05/05/15
N. Srinivasan Gives Up CSK Stake

Former Board of Control for Cricket in India President N. Srinivasan, who controls 29% of the shares of India Cements Ltd., the principal owners of the Indian Premier League side Chennai Super Kings, has "transferred his entire stake" in the IPL franchise, the India Cements Cricketers Trust -- which ...

Tags: Franchises, India

05/05/15
Letv Sports Website Valued At $450M

A source said that Leshi Internet Information & Technology Corp.’s sports affiliate "completed a round of funding that valued the video-streaming business" at about $450M, according to Lulu Yilun Chen of BLOOMBERG. Letv Sports Culture Develop (Beijing) Co. raised more than $100M to fund ...

Tags: Media, China

05/05/15
Illegal Betting Taking Toll On China, India

Int'l Centre for Sports Security Exec Dir Chris Eaton said that betting fraud and match-fixing are "part of the reason why China and India have achieved little" in football despite their huge populations, according to Mike Collett of REUTERS. Eaton urged governments to "take more control of the prob ...

Tags: International Football, China, India

05/05/15
Sponsorship To Help Boost Boxing In China

Boxing in China "faded into the background" in the late '50s, but "had a revival" in the '80s, according to Lionel Donovan of CCTV. Since then, "there have been notable achievements, but China has not quite become the boxing powerhouse it could be." Boxing "is a rising sport in China." Since it has ...

Tags: Marketing and Sponsorship, China

05/04/15
English Cricket Vulnerable To Takeover

Related story: Essel Group's Project To Challenge Cricket Monopoly Indian Premier League Founder Lalit Modi said that English cricket is the "most vulnerable" to takeover by a rebel league, according to Nick Hoult of the London TELEGRAPH. His warning comes as the England & ...

Tags: Leagues and Governing Bodies, India

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