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.
Mixed martial arts promotion the Ultimate Fighting Championship has agreed a sponsorship deal with betting company Parimatch, which becomes its first marketing partner in the Commonwealth of Independent States (CIS) region.
Electric GT, organiser of new electric car-racing championship the Electric Production Car Series (EPCS), has revealed plans to open up the event to new manufacturers, adding that it has already received significant levels of interest.
Sky Sports Racing, which is set to become the new identity for pay-television channel At The Races, has today (Tuesday) signed a rights deal with Ascot Racecourse, replacing rival Racing UK as the pay-television partner for the leading British venue.
Sports and betting-related services company Sportradar has welcomed fresh investment from the Canada Pension Plan Investment Board (CPPIB) and Silicon Valley-based growth equity firm TCV as it seeks to tap into the opportunities created by the recent legalisation of sports betting in the US.