Saudi Arabia’s sovereign wealth fund is set to seal a deal to acquire a minority stake in Endeavor, the parent company of the WME talent agency and IMG, one of the most influential agencies in the sports industry, according to multiple reports.
The IMG agency, which organises the World Rallycross Championship (World RX), has confirmed it will launch a new Americas Rallycross Championship (ARX) this year.
Former NFL American football star Chris Spielman has asked a judge to expand an ongoing class-action lawsuit regarding the use of images of current and former players by colleges and universities in the US.
The IMG agency has launched a new division in Australia to help brands connect with key social media influencers.
WME-IMG has announced the creation of a new holding company called Endeavor, which will assume the full portfolio of brands and services operated by the agency.
World Rugby, the global governing body of rugby union, has appointed the IMG agency to manage the global licensing and merchandising rights for the next two editions of its Rugby World Cup and a number of its other major tournaments.
The WME-IMG agency has received a cash infusion of approximately $1bn (€858.9m) as part of an investment led by the Canada Pension Plan Investment Board and the Government of Singapore Investment Fund (GIC).
WME-IMG has announced that Mark Shapiro and Ioris Francini will become co-presidents of the company.
WME-IMG has appointed Michael Ma, a former executive of the NBA basketball league, as chief executive of its China subsidiary, as part of an effort to drive the agency’s growth in the country.
Ultimate Fighting Championship (UFC) president Dana White has said the mixed martial arts promotion’s takeover by the WME-IMG agency will take it to the “next level” after the deal was formally confirmed this (Monday) afternoon.