Featured Story

Zee Entertainment Completes $385M Sale Of Ten Sports To Sony

Published in SportsBusiness Daily Global on 09 / 20 / 17

Zee Entertainment Enterprise said that it completed a two-step sale of its sport business, Ten Sports Network, to Sony Pictures and received $36.32M in the second phase, according to the PTI. In Aug. '16, Zee announced it would sell Ten Sports to Sony Pictures Networks for $385M in an all cash deal....

Read More

Tags: Finance, India

More Stories

05/23/17
Kroenke Rejects Arsenal Buyout

Arsenal Majority Shareholder Stan Kroenke "ruled out selling his controlling stake" in the club after an "unsolicited offer from Uzbek-Russian billionaire Alisher Usmanov," according to Ahmed & Massoudi of the FINANCIAL TIMES. In a statement on Monday, KSE UK, the holding company for Kroenke's i ...

Tags: Finance, United Kingdom

05/23/17
F1 Teams Telling CEO To Protect Them

Formula 1 CEO Chase Carey said that top teams have told the sport's new owners that they want to be "protected from themselves" and prevented from spending "excessive" amounts of money, according to Adam Cooper of MOTORSPORT. Carey said that the big players are "spending so much purely because ...

Tags: Finance, Europe

05/22/17
Foot Locker Shares Plunge

Investors "dumped Foot Locker like a stinky pair of trainers after the firm reported slow quarterly sales," according to the BBC. The N.Y.-based athletic-wear chain said that "sales in the February-to-April period rose 0.5%" from '16 at stores open at least a year. The news "sent shares of the compa ...

Tags: Finance

05/22/17
Alisher Usmanov Makes $1.3B Bid

Alisher Usmanov, the Russian billionaire who owns a minority stake in Arsenal, "in recent weeks" made a $1.3B bid to buy out his rival shareholder, three people close to the situation said, according to Massoudi, Jenkins & Binham of the FINANCIAL TIMES. Usmanov, a metals magnate who owns 30 ...

Tags: Finance, United Kingdom

05/19/17
Scottish Side Livingston Seeks Investments

Scottish League One side Livingston "launched a share issue" aimed at attracting up to £3.8M ($4.9M) of investment in the club, according to Iain Collin of the HERALD SCOTLAND. The offer is part of a move that will see "ownership of the Almondvale outfit switched" from Livingston 5 Ltd. to a n ...

Tags: Finance, United Kingdom

05/19/17
Rocky Elsom Determined To Save Rebels

Former Wallabies captain Rocky Elsom is understood to have examined Super Rugby side Melbourne Rebels' books and is "determined to press ahead with plans to buy the franchise to save it from closure," according to Wayne Smith of THE AUSTRALIAN. Elsom signed a confidentiality agreement with Rebe ...

Tags: Finance, Australia

05/18/17
Chinese Siblings Take Over Reading

Chinese siblings Dai Yongge and Dai Xiu Li have become the majority shareholders of League Championship side Reading, according to the BBC. The pair began negotiations to purchase a 75% stake from the club's Thai owners in November . The Premier League, which has "a say in takeovers" of clubs that ...

Tags: Finance, United Kingdom

05/18/17
Renault F1 Team Reduces Losses

The Renault Formula 1 team posted "much improved financial figures" for the first season under the French manufacturer’s renewed ownership, "with income up and losses substantially reduced," according to Adam Cooper of MOTORSPORT. Having lost £57M in its last year under the Lotus na ...

Tags: Europe, Finance

05/18/17
James Erskine Behind Bid For Supercars

James Erskine, who managed Muhammad Ali, Tiger Woods and cricketer Shane Warne, is "the man behind Sports Entertainment Limited's bid to buy Supercars," according to James Phelps of the Sydney DAILY TELEGRAPH. SEL's "founding father" is the "driving force" behind the entertainment firm's interest in ...

Tags: Finance, Australia

05/18/17
Finance Notes

The six Glazer siblings who own the majority of ManU will be paid £18M ($23.3M) as a dividend by the club this year, following £15M last year, according to the club's latest financial statements. The accounts for the three months to March 31 of Manchester United Plc. confirm t ...

Tags: Finance

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug