HJ Mai

The financially struggling Sauber F1 Team has been taken over by Longbow Finance. The Swiss investment company has acquired 100% of the shares of Sauber Holding, which is the holding company behind Sauber Group. The Swiss team confirmed the acquisition by Longbow Finance on Wednesday. The agreement will secure...

After about a year as president of Major League Soccer club New York City FC, Tom Glick is back in the U.K. as chief commercial officer of City Football Group, owner of Premier League side Man City. He is also the managing director of City Football Marketing....

Cracking the U.S. market has become a top priority for European football clubs, but Man City is taking a different approach than the rest. Compared to its competitors, Man City’s owner City Football Group operates four top-flight football clubs on four continents -- New York City FC (MLS), Melbourne...

NFL player ODELL BECKHAM JR. showed off his football skills during a visit to Munich, Germany, last week. Bundesliga club Bayern Munich invited the N.Y. Giants wide receiver to hang out with the team after practice. Beckham, who is reportedly a fan of the German champions, also...

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Asian mixed martial arts promoter One Championship has secured an investment from Singapore-based investment company Temasek. The MMA promoter did not reveal the percentage stake of the investment, only describing it as a substantial eight-figure amount. Wednesday's investment will put One Championship on track for a $1B valuation within...

Int'l Champions Cup organizers...

British F1 team McLaren has secured a new sponsorship deal ahead of its home grand prix in Silverstone with NTT Communications Corp. The ICT solutions and int'l communications company, a subsidiary of Japan's NTT Group, has signed on as the team's official technology partner. NTT Communications will provide network,...

LEONARDO PICCIANI is Brazil's Sports Minister. He was only appointed to the position on May 12, following the removal of then-Brazilian President Dilma Rousseff . The 36-year-old took over the position less than four months before the country is scheduled to host South America's first Olympic...

Social video service provider Grabyo has seen “enormous growth” in its business as established and upcoming sports properties take advantage of its software tools, company CEO Gareth Capon said. The London-based company went from roughly 40 million views across its platform in '14 to about 724 million last year....