Global

Liberty Media has completed its takeover of Formula One and brought an end to Bernie Ecclestone’s four-decade reign as the commercial supremo of the motor-racing world championship by bringing in media industry veteran Chase Carey as chief executive.

World football’s governing body Fifa has handed a life ban to Najeeb Chirakal, a former aide to ex-Asian Football Confederation (AFC) president Mohamed bin Hammam.

Formula One chairman Chase Carey has said several of the motor racing series’ teams have expressed interest in investing in the championship as prospective new owner, US mass media company Liberty Media, divulged further information concerning the offer to let competitors buy a stake in the sport.

Former world No.1 Jean-Michel Saive has become the third official to announce they will stand for the presidency of the International Table Tennis Federation (ITTF) in elections due to be held on May 31.

Manchester United has dislodged Real Madrid as the top revenue-generating football club in the world for the first time in 11 seasons, according to Deloitte’s annual Money League rankings.

US mass media company Liberty Media has cleared another hurdle in its takeover of Formula One with the International Automobile Federation (FIA) granting approval for the deal.

Japanese sportswear and equipment brand Asics has agreed a multi-year extension to its endorsement partnership with French tennis star Gaël Monfils.

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.

Chinese conglomerate Dalian Wanda has posted a 13.9-per-cent drop in revenue for 2016 despite a 3.4-per-cent increase in operating income to CNY254.98bn (€35bn/$37bn).

The International Motorcycling Federation (FIM) has appointed Steve Aeschlimann as its new chief executive.

The Professional Squash Association (PSA) and World Squash Federation (WSF) have today (Thursday) agreed in principle to adopt a new Memorandum of Understanding that will seek to drive the sport’s ongoing development in the global marketplace.

Havas Sports & Entertainment (HSE), the global brand engagement network of the Havas agency, is set to be folded into the wider Havas group in a move that will result in the departure of chief executive Pedro Avery.

World No.1 women’s golf player Lydia Ko has signed an apparel partnership with newly-launched golfwear brand Mckayson through which the New Zealander will launch her own fashion line.

Fifa president Gianni Infantino has said the decision to expand the World Cup to 48 teams will bring the showpiece national team tournament of world football’s governing body into the 21st century, adding that a “bullet-proof” bidding process will be drawn up for the 2026 competition.

The Formula E electric car-racing series has received further fresh investment with the news that Yao Capital, a Chinese private equity firm founded by former basketball star Yao Ming, has acquired a stake in the organisation.

World football’s governing body Fifa has today (Tuesday) voted to expand its showpiece World Cup from 32 to 48 teams for the 2026 edition of the national team tournament.