An investment group led by former Washington Capitals co-owner Jon Ledecky and Scott Malkin has struck a deal to acquire a “substantial” minority stake in the New York Islanders that will increase to a controlling shareholding in the National Hockey League franchise in two years’ time.
Shareholders of Liberty Media have voted to approve funding and administrative changes tied in to the US mass media company’s takeover of the Formula One motor racing series.
The European Volleyball Confederation (CEV) has announced that the Italian capital of Rome will host the Final Four stage of its 2017 Men’s Champions League club competition.
Japanese automotive manufacturer Toyota has agreed a four-year deal to become the main sponsor of the Football Association of Thailand.
Lithuanian free-to-air broadcaster TV3 has acquired rights for the 2018 and 2020 editions of the Olympic Games.
Telecommunications company Econet has confirmed the appointment of Jeroen Oerlemans as the new chief executive of the Kwesé Sports division of African pay-television broadcaster Kwesé TV.
Asian telecommunications company Axiata Group Berhad has agreed a deal to take on naming rights to the Putra Indoor Stadium in Kuala Lumpur, Malaysia.
Virgin Sport, the new lifestyle and fitness company owned and run by investment firm Virgin Group, has unveiled its first series of mass-participation events, with four ‘festivals of sport’ to take place this year in locations across the UK and United States.
Football officials in the Americas are considering creating a new tournament grouping together the best national teams from the South American Football Confederation (Conmebol) and the Confederation of North, Central America and Caribbean Association Football (Concacaf), according to Bloomberg.
Hungarian youth organisation Momentum Mozgalom is poised to launch the latest effort to force a referendum in Budapest against the capital city’s bid to host the 2024 summer Olympic and Paralympic Games.
Seven sports will seek to appeal the decision of UK Sport to cut their funding programmes in the four-year cycle leading up the 2020 summer Olympic and Paralympic Games in Tokyo, Japan.
Chinese internet company LeEco, whose subsidiaries include media platform LeSports, has alleviated its financial concerns by securing 16.8 billion yuan (€2.31bn/$2.42bn) in strategic investment, chiefly from property developer Sunac China Holdings.
The International Handball Federation has moved to defend its partnership with beIN Media Group, the global rights distribution partner for showpiece national team tournament the World Championship, amid criticism of the deal in German media outlets.
The OpenTV software subsidiary of digital security company Kudelski Group has filed a lawsuit against the NFL in relation to the American football league’s live streaming and related video services.
Coffee brand Nespresso has renewed its sponsorship deal with sailing outfit Team New Zealand.
Korean tyre manufacturer Kumho has extended its partnership with German Bundesliga football club Schalke.
Financial services company Blackfinch Investments has upgraded its partnership with English county cricket club Worcestershire to become its main sponsor.
Italian Serie A football team Juventus has unveiled a rebranding initiative that it states will seek to expand the business side of the club, targeting both existing fans and those with less of an interest in the sport.
Pyeongchang Organising Committee for the 2018 Olympic and Paralympic winter Games (POCOG) president Lee Hee-beom has maintained that preparations for the event have been “clean” amid a political scandal in South Korea that has alleged connections to the country’s sports industry.
The Rio de Janeiro State Court of Justice has ordered a consortium of companies, including construction firm Odebrecht and sports and entertainment facility operator AEG, to “immediately resume” maintenance of the Maracana stadium.
The English capital of London has been awarded hosting rights to the 2017 World Para Taekwondo Championship.