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.
A group of investors led by the WME-IMG agency has struck a deal to acquire the Ultimate Fighting Championship for approximately $4bn (€3.6bn), according to Dana White, the president of the mixed martial arts series.
IMG-Reliance, the joint venture between the IMG agency and Indian conglomerate Reliance Industries, has broadened its remit by entering into the athlete representation business.
WME-IMG has announced that Japanese telecommunications and internet firm SoftBank Group has invested $250m (€227.3m) to become a strategic partner in the agency.
Euroleague Basketball has signed a 10-season deal with the IMG Events & Media agency to establish a new joint-venture to operate relaunched European club competitions from the start of the 2016-17 season.
The Women’s Tennis Association (WTA) has confirmed the addition of a second Russian event to its 2016 calendar.
The IMG agency has announced the appointment of Paul Bellamy as the new managing director of the International Motorsport Federation’s (FIA) World Rallycross Championship (World RX).
The IMG College division of the IMG agency has acquired US mobile hospitality company TopShelf and has agreed a multi-year partnership with Princeton University.
The IMG agency has furthered its presence in eSports by signing global representation deals with the Cloud9, Dignitas and SK Gaming organisations.
The WME-IMG agency has furthered its presence in the live event productions market by agreeing to acquire Professional Bull Riders (PBR), the world’s premier bull riding circuit.
The IMG agency has entered into an agreement with the promotional and management companies of world heavyweight champion Wladimir Klitschko to represent and promote female boxing star Cecilia Brækhus.