Sport NEWS

Nike agrees to sell Manchester-based sportswear group Umbro

US sports shoe and clothing group Nike Inc (NYSE:NKE) said on Wednesday it had struck a definitive deal to sell Manchester-based football equipment supplier Umbro Ltd for USD225m (EUR173.9m). The buyer is New … Continue reading “Nike agrees to sell Manchester-based sportswear group Umbro”


Glasgow Rangers fans conduct a campaign of intimidation — report

Rangers, the Glasgow football club, has had a torrid couple of seasons off the pitch, culminating in a spectacular implosion that forced it into administration in February. In a lengthy blog post today, Channel 4 … Continue reading “Glasgow Rangers fans conduct a campaign of intimidation — report”


Bahrain-based fund agrees to acquire football club Leeds United

Bahrain-based investor Gulf Finance House (GFH) on Thursday said its fully-owned unit GFH Capital Ltd had inked an exclusive deal to head and arrange the takeover of Leeds City Holdings, the parent of … Continue reading “Bahrain-based fund agrees to acquire football club Leeds United”


UK retailer JD Sports offloads rugby brand Canterbury in debt-only deal

British sports and fashion retailer JD Sports Fashion Plc (LON:JD) said on Thursday it had agreed to sell New Zealand-based rugby brand owner Canterbury Ltd to JD’s majority shareholder Pentland Group Plc for … Continue reading “UK retailer JD Sports offloads rugby brand Canterbury in debt-only deal”


Private equity firms stalk Nike’s Cole Haan brand

US sports shoe and clothing group Nike Inc (NYSE:NKE) has received bids for its leather handbag and shoe maker Cole Haan from several parties including private equity firms TPG Capital Management and Apax … Continue reading “Private equity firms stalk Nike’s Cole Haan brand”


UK sponsor Patron Capital walks away from Goals Soccer Centres deal

British private equity fund Patron Capital Partners, controlling soccer centres operator Powerleague Group Ltd, said on Wednesday it had decided not to make a takeover offer for Goals Soccer Centres plc (LON:GOAL). Patron, … Continue reading “UK sponsor Patron Capital walks away from Goals Soccer Centres deal”


Australian horse racing stained by money laundering and race fixing — report

Much has changed since the first horses arrived in Australia, aboard a female convict ship, in January 1788. Today, Australians are among the most enthusiastic gamblers on horse racing in the world, spending … Continue reading “Australian horse racing stained by money laundering and race fixing — report”


US-based Cala aims for Serie A with Calcio Lecco acquisition

US development-stage company Cala Corporation (PINK:CCAA) has taken control of Calcio Lecco 1912 SpA, the entity behind the eponymous Italian football club. Cala did not say how much it had paid to acquire … Continue reading “US-based Cala aims for Serie A with Calcio Lecco acquisition”


UK private equity firm CVC sells Formula 1 stake for $500m

British private equity firm CVC Capital Partners Ltd said it had disposed of further stock in motor sport racing company Formula 1 to several funds managed by US investor Waddell & Reed Investment … Continue reading “UK private equity firm CVC sells Formula 1 stake for $500m”


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