Adidas to use €1.5 billion from Reebok sale in new buyback
Mar 01, 2022 23:57 pm UTC| Sports Economy
Adidas AG is planning a new share-buyback program amounting to up to 1.5 billion (1.68 billion) to return to shareholders the proceeds of the sale of Reebok to Authentic Brands Group (ABG). The sale of Reebok, which has...
Formula One's 2021 revenue surges 87% to US$2.14 billion
Feb 28, 2022 23:56 pm UTC| Sports Economy Business
Formula Ones revenues soared almost 87 percent to US$2.14 billion for 2021, according to the series owner Liberty Media. The operating income was US$40 million, compared to a US$444 million deficit in 2020. Revenue...
Major League Soccer to create metaverse environment for fans
Feb 28, 2022 23:56 pm UTC| Sports Digital Currency Technology
GreenPark Sports inked a multi-year partnership with Major League Soccer (MLS) and the Major League Soccer Players Association (MLSPA) to create a metaverse environment that offers multiple fan universes. The social...
Adidas Skateboarding collaborates with Kader Sylla on Superstar ADV silhouette
Feb 27, 2022 23:26 pm UTC| Sports Economy Business
Adidas Skateboarding is collaborating with professional skateboarder Kader Sylla for a Superstar ADV colorway. The silhouette, which features a triple-black design and premium tumbled leather, marks Syllas first Adidas...
Kobe Bryant Precious Metal Gems Emerald card sells for record $2 million
Feb 27, 2022 23:26 pm UTC| Sports Economy Life
A 1997-98 Metal Universe Precious Metal Gems Emerald where the legendary Kobe Bryant is seen handing out a pass mid-flight while wearing No. 8 jersey went for $2 million. Its the Black Mambas highest-selling card of all...
Nike’s legendary Air Jordan 12 ‘Taxi’ adapted for golf
Feb 27, 2022 23:26 pm UTC| Sports Economy
Nike brand unveiled its latest golf shoe earlier this week, which is a faithful recreation of one of the most iconic signature sneakers from the NBA greats career, the Air Jordan 12 Taxi. Michael Jordan first laced up...
Adidas collaborates with Gucci
Feb 26, 2022 22:59 pm UTC| Sports Economy Life
The Gucci show at Milan Fashion Week gave a glimpse of its forthcoming collaboration with Adidas. For their first collection, the two seem to be shying away from traditional sportswear, opting to create co-branded...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight