Renowned industrialist Lakshmi N. Mittal and his son Aditya Mittal, along with Adar Poonawalla, have acquired a majority stake in Rajasthan Royals with a bid of $1.65 billion (approximately ₹15,600 crore) after the Kal Somani–Rob Walton–Sheila Ford Hamp consortium pulled out of the race. The transaction consideration ($1.65 billion) represents the enterprise value of Rajasthan … Read more
United Spirits Ltd. (USL), the Indian arm of London-based Diageo, is initiating a strategic review of investment in its wholly owned subsidiary, Royal Challengers Sports Pvt. Ltd. (RCSPL), the company that owns the Royal Challengers Bengaluru (RCB), the firm said in a regulatory filing on Wednesday. Praveen Someshwar, Managing Director & CEO, USL said: “RCSPL has … Read more
After the team’s disappointing exit at the semifinals stage from the recently-concluded Men’s T20 World Cup, the Indian cricket board will initiate measures to put the T20 team back on track. One of the steps reportedly under consideration is to use the experience and skills of M.S. Dhoni, in some capacity, to prepare and plan … Read more
With Mukesh Ambani showing interest in purchasing Liverpool FC, the club may be headed for an Indian takeover, according to The Mirror. Ambaniwill have to fend off interest from parties in the Middle East and the US in order to acquire the famed English football team Liverpool, the report says. The potential buyers reportedly want … Read more
Roger Federer broke the news fans across the world have long been fearing when he announced on Thursday he will retire from competitive tennis after next week’s Laver Cup in London. The 41-year-old Swiss, who has won 20 Grand Slam titles and is regarded by many as the best player ever to wield a racquet, … Read more
Fantasy sports are not like any other form of online gaming as it is dependent on actualities, seasonality and availability of real-time sports matches, which makes it a non-addictive form of play. Government think tank Niti Aayog has pitched for setting up a single self-regulatory organisation for the online fantasy sports industry to be governed … Read more
“We didn’t see a healthy, sustainable future ahead of Crucible,” the company said in a blog post on Friday. The team working on the project will be moved to other upcoming games and customers will get refunds, it added. Crucible was seen as a key test for Amazon’s games division, which was formed in 2012. … Read more