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.
Esports investment fund and management company Vision Esports, the parent firm of the Echo Fox, Twin Galaxies and Vision Entertainment properties, has closed a $38m (€30.9m) round of investment featuring backers from a host of organisations and individuals from within the sports industry.
Brazilian broadcaster Rede Bandeirantes has declined to strike a sublicensing deal for rights to the 2018 Fifa World Cup, stating the national team football tournament does not fit in with its strategic plans.
Telco Altice has acquired rights to North American basketball league the NBA in the Dominican Republic, while multichannel television streaming service Sling TV has claimed a first with a carriage deal for out-of-market live game subscription service NBA League Pass.
Bobsledder Nadezhda Sergeeva has today (Friday) become the second Russian athlete to return a positive doping test at the 2018 winter Olympic Games, just hours before the International Olympic Committee (IOC) meets to decide whether to reinstate the country in time for Sunday’s closing ceremony.
English Premier League football club Manchester United has launched an official channel on YouTube, breaking a cycle where it was the most-viewed club on the video-sharing platform purely through unofficial content.
The German Football League (DFL), organising body of the top two divisions of the domestic game, has promoted Peter Leible to head of global audiovisual rights for its Bundesliga International subsidiary.