UFC owner Endeavor acquires sports-betting firm OpenBet
Sep 28, 2021 23:22 pm UTC| Sports Economy Business
Endeavor Group Holdings Inc acquired OpenBet for $1.2 billion, consisting of $1 billion in cash and $200 million in shares, to further diversify its business and help it monetize its assets. Endeavor, which owns the...
Titleist owner, other golf equipment firms enjoy 2Q sales growth with increase in players
Sep 27, 2021 23:29 pm UTC| Sports Economy
The increase in new golfers boosted the second-quarter net sales of Acushnet, owner of Titleist and FootJoy, by 117 percent. Titleist golf club sales were up 111 percent, while Titleist golf ball sales jumped 98.1...
Top sports brand Nike cuts sales forecast due to supply chain woes
Sep 25, 2021 23:26 pm UTC| Sports Economy Business
Nike has cut its sales forecast from low double-digit growth to mid-single digits due to supply chain problems that threaten to crimp sales for the next few quarters. The giant sportswear group expects its supply chain...
Dallas Cowboys edges Chicago Bulls, LA Lakers as USA’s most fashionable sports brand
Sep 24, 2021 22:39 pm UTC| Sports Economy
The Dallas Cowboys of the National Football League came out as the most fashionable US sports team brand, with 16,428 tagged posts across Facebook, Instagram, and Twitter from August 2020 to August 2021. The data was...
Mercedes-AMG Petronas F1 team inks branding deal with Crypto Exchange FTX
Sep 24, 2021 21:37 pm UTC| Sports Digital Currency Economy
FTX Trading Limited has partnered with the Mercedes-AMG Petronas Formula One team for numerous race seasons in multiple branding campaigns. The exchanges logo will be featured prominently by both F1 cars and drivers and...
Colleges must choose whether to let athletes wear school gear for paid promotions
Sep 24, 2021 02:54 am UTC| Sports
Just days after the NCAA changed it rules in June 2021 to let college athletes seek endorsement deals, a college quarterback in the South announced a sponsorship deal with a beverage company. About the same time,...
Russia's hockey group KHL and Binance to launch NFT cards
Sep 23, 2021 21:21 pm UTC| Digital Currency Sports
Popular Russia-based pro sports league Kontinental Hockey League (KHL) is launching an NFT marketplace dubbed KHL.cards to give fans a new way to enjoy the sport and connect with players. The KHL.cards is developed...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects