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 International Olympic Committee (IOC) has said it will respond to organisers of the 2020 summer Olympic Games by August 1 over a fresh set of cost reductions which they claim could result in savings of about $100m (€85.5m).
Australia’s National Rugby League (NRL) has proposed an overhaul of the international rugby league calendar in order to provider a greater platform for emerging nations and reintroduce the Australian national team’s tour of Great Britain.
The organising committees of the Tokyo 2020 and Paris 2024 summer Olympic and Paralympic Games have today (Wednesday) signed a Memorandum of Understanding, through which the two organisations will cooperate to ensure the successful delivery of their respective events.
The International Biathlon Union (IBU) has announced that a review conducted by professional services firm KPMG of its accounts for the past financial year reported “no irregularities” as it continues recovery efforts amid its administration crisis.