Social Capital founder sells minority ownership stake in Golden State Warriors
Jul 07, 2022 23:30 pm UTC| Sports Economy Business
Social Capital founder Chamath Palihapitiya has confirmed that he has sold his remaining two percent ownership stake in NBA champions Golden State Warriors. Palihapitiya acquired a ten percent share in the Warriors in...
Manchester United taps DXC Technology as sleeve sponsor, digital transformation partner
Jul 07, 2022 23:25 pm UTC| Sports Economy Business
Manchester United have named US IT services firm DXC Technology as their new shirt sleeve sponsor for its mens, womens, and youth teams, replacing household manufacturing company Kohler. DXC will also be the football...
NFTs to help push sports memorabilia market to $227 billion by 2032
Jul 07, 2022 23:22 pm UTC| Sports Technology Economy Business
The sports memorabilia market is set to hit US$227.2 billion by 2032, with US$92 billion comprising of non-fungible token (NFT) sports collectibles, according to market research and consultancy firm Market Decipher....
Nike to release Kyrie Irving's shoes amid partnership uncertainty
Jul 06, 2022 23:37 pm UTC| Sports Economy Business
Nike is releasing two different colorways of the Nike Kyrie Infinity and the Nike Kyrie Low 5 on July 7 and July 8, amid reports that it will let its partnership with Kyrie Irving lapse next season. The eighth design in...
Premier League to phase out betting sponsors deals with clubs
Jul 06, 2022 23:18 pm UTC| Sports Economy Business
The Premier League has asked its clubs to phase out shirt sponsorships deals with gambling brands within three years to avert the threat of a UK government-enforced ban. The clubs were asked for quick responses, with...
Degiro replaces Napa as Sevilla FC's main kit sponsor
Jul 03, 2022 23:07 pm UTC| Sports Economy Business
Sevilla FC will carry Amsterdam-based online investment platform Degiros logo on the front of their shirts as their new main shirt sponsor for the 2022/23 LaLiga season. Degiro replaces Naga after the latters reported...
F1 team Alpine pushing for female drivers in equal opportunities program
Jun 30, 2022 23:29 pm UTC| Sports Economy Business
Formula One team Alpine has launched a new program aiming to improve equal opportunities in motorsport by ensuring women drivers compete consistently, and a fund to finance female talent within motorsport. The...
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