Sports Archives | Reuters News Agency

Saudi wealth fund holding talks to create boxing league

Ashutosh Mishra — Wed, 12 Jun 2024 16:04:59 +0000

Reuters exclusively reported that Saudi Arabia’s Public Investment Fund (PIF) is in discussions with multiple boxing stakeholders to create a league, potentially reshaping the competitive landscape of the sport.

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Saudi Arabia closes in on deal to create new cycling league

Ashutosh Mishra — Fri, 02 Feb 2024 17:23:35 +0000

Reuters exclusively reported that Saudi Arabia-backed sports fund SRJ was in exclusive talks to back a new cycling league, which Reuters also exclusively reported was in the works back in October. The country is targeting yet another sport to upend in the wake of previous investments in golf, football and Formula One. The story was also picked up by ESPN.

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Top cycling teams explore creating new league

Aditi Tiwari — Thu, 26 Oct 2023 18:15:27 +0000

Reuters exclusively reported on Wednesday evening that major European cycling teams have been exploring plans to create a new competitive league in a move that could reshape the sport’s landscape and allocate more funding for participants. Reuters was first to reveal the possible shake up to the sport, some of the parties involved and the possible investor to back the initiative, private equity firm CVC.

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Champions League finalists Inter draw bid interest

Tess Neudeck — Fri, 02 Jun 2023 19:34:41 +0000

Reuters was first to reveal that Finnish entrepreneur Thomas Zilliacus is among the potential bidders for Chinese-owned soccer club Inter Milan. The report was especially timely as Inter prepare to face Manchester City in the Champions League final on June 10.

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Reuters reveals largest players drop out of Enel’s Brazilian power distributor sale process

Ramisa Tasnim — Fri, 15 Jul 2022 18:56:00 +0000

Reuters exclusively reported that major international players have dropped out of the bidding process for a Brazilian power distributor owned by Enel SpA, leaving two local firms competing head-to-head for the asset. Equatorial Energia and Energisa SA are the only companies still interested in Celg-D, which distributes power to the center-west state of Goias in Brazil, after analyzing the firm’s operational details.

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Reuters reveals AC Milan is the target of sale talks with Bahrain-based Investcorp

Jaime-Lee Charles — Fri, 15 Apr 2022 12:35:00 +0000

Reuters exclusively reported that Bahrain-domiciled asset manager Investcorp has entered into exclusive talks to purchase Serie A club AC Milan, in what would be the first takeover of a top Italian team by Middle East investors. One source close to the talks told Reuters the deal to buy the seven-time European champions from current owner Elliott Management Corporation was near to completion. A potential valuation for the club would be in the region of one billion euros including debt.

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Reuters reveals Chelsea FC’s banker says Abramovich’s exit will not be rushed

Jaime-Lee Charles — Fri, 04 Mar 2022 13:21:00 +0000

Reuters exclusively reported that Russian billionaire Roman Abramovich will not rush his divestment of English football team Chelsea FC, even as Britain is considering sanctions against him. Chelsea FC tapped Joe Ravitch, the co-founder of investment bank Raine Group LLC, to find a buyer after Abramovich decided this week to put the football club he has owned for 19 years up for sale. The move follows Russia’s invasion of Ukraine that has triggered an international backlash against businessmen with close ties to Russian President Vladimir Putin.

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Reuters first to report Novak Djokovic denied entry to Australia, seeking injunction to stop deportation

Erica Ascher — Wed, 05 Jan 2022 19:06:00 +0000

Reuters was first to report that Novak Djokovic, the No. 1 tennis star in the world, was denied entry into Australia on Thursday after initially being granted a medical exemption for the country’s COVID-19 vaccination requirements so that he could play in the Australian Open. The tennis star, left stranded at Melbourne’s Tullamarine airport overnight, was issued a letter by the Australian government saying his visa had been denied and he would be deported.

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Reuters reveals Biennial World Cup could cost leagues 8 billion euros per season

Jaime-Lee Charles — Tue, 23 Nov 2021 12:22:00 +0000

Reuters revealed that a FIFA proposal for a World Cup every two years and changes to the Club World Cup could cost the big domestic soccer leagues and UEFA around 8 billion euros ($9 billion) per season in lost TV rights and match day and commercial agreements, according to a report commissioned by the leagues. Gianni Infantino, president of soccer’s world governing body, said in October that FIFA was discussing holding the World Cup every two years instead of the current four-year cycle.

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Reuters first to report on Belarusian sprinter’s defection at Olympics

Erica Ascher — Sun, 01 Aug 2021 14:13:09 +0000

Reuters was the first to report how a Belarusian sprinter said she was taken to the airport against her wishes to board a flight back home after she publicly complained about national coaches at the Tokyo Olympics. Krystsina Tsimanouskaya, who was due to compete in the women’s 200 metres, told Reuters she did not plan to return to her country and that she had sought the protection of Japanese police at Tokyo’s Haneda airport so she would not have to board the flight. The 24-year-old athlete was granted a humanitarian visa from Poland. Speaking in Poland, Tsimanouskaya said her family had been afraid that if she had returned to Belarus she would be sent to a psychiatric ward.

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