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.
The All England Lawn Tennis Club – operator of the Wimbledon grand slam – moved a step closer to tripling the size of its ground after members of a nearby golf course agreed to hold a vote on whether to sell their land to the championships.
Tennis Australia’s chief revenue officer Richard Heaselgrave has revealed that the new partnership with Chinese drinks brand Luzhou Laojiao is “definitely within the ballpark” of the sum paid by major sponsor Kia.
The Australian Open Grand Slam tennis tournament has landed the largest Chinese sponsorship deal in the event's history by signing a long-term partnership deal with leading Chinese spirits brand Luzhou Laojiao.
Member nations of the International Tennis Federation (ITF) have voted in favour of a major reform package for the Davis Cup, with Lille or Madrid to host the first final of the revamped men’s national team event.
International Tennis Federation (ITF) president David Haggerty has expressed his confidence that the organisation will receive backing for its ambitious plans to reform the Davis Cup ahead of a key vote on the matter today (Thursday).