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.
Indian pay-television broadcaster Star Sports has acquired rights for the Caribbean Premier League, while social media platform Twitter has also struck a deal to show the Twenty20 cricket competition in a host of territories worldwide.
Fifa has today (Friday) handed a two-year ban to Confederation of African Football (CAF) Executive Committee member Kalusha Bwalya as the fallout from the investigation into disgraced former Asian football chief Mohammed bin Hammam continued.
Brazilian sports broadcaster Esporte Interativo will cease its television operations and move to a digital-only model as parent company, US media group Turner, seeks to introduce the ‘superstation’ concept to the domestic market.
Sinclair Broadcast Group’s $3.9bn (€3.6bn) deal to acquire fellow US media group Tribune Media Company has been scuppered after Federal Communications Commission (FCC) chairman Ajit Pai expressed “serious concerns” about the agreement.