Global

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.

Liberty Media Group will offer every Formula One team the opportunity to acquire a stake of up to five per cent in the motor-racing series, according to Sky News.

The Tennis Integrity Unit (TIU) has imposed a seven-year ban on former Australian Open junior boys’ finalist Nick Lindahl after he was found guilty of match-fixing offences committed at a minor tournament in 2013.

Automotive digital technology business Motorsport Network has acquired an undisclosed stake in the Formula E electric car-racing series.

Fifa has today (Friday) welcomed the decision of the Commercial Court of Zurich to reject a lawsuit brought by labour unions which alleged that world football’s governing body had failed to use its influence to ensure fair treatment for migrant labourers working on Qatar’s infrastructure projects for the 2022 World Cup.

Formula One team Manor Racing stands on the brink of collapse after its operating company was today (Friday) placed into administration following a failed takeover approach from an Asian consortium.

The International Orienteering Federation (IOF) has received bids from Brazil and the Czech Republic to stage its World Championships in 2021.

Fifa has brought in two lawyers to act as mediators in disputes with staff, amid major restructuring at world football’s governing body.

US golf equipment manufacturer PXG has agreed endorsement deals with world No.1 Lydia Ko and three other leading Ladies Professional Golf Association (LPGA) Tour players as it steps up its investment in the women’s game.