African pay-television broadcaster Kwesé TV has acquired exclusive rights to the National Collegiate Athletic Association’s 2017 Division I Men’s Basketball Championship, an event more commonly known as March Madness.
Here is a host of other selected sports business news that came through this week;
US set to be 'focus' of F1 expansion plans
Sean Bratches, Formula One's managing director of commercial operations, has confirmed that the operators of the motor-racing world championship are set to focus on the US as a key expansion market.
Toronto to consider Commonwealth Games bid
The Toronto City Council will look into the possibility of bidding to host the 2022 Commonwealth Games following a notice of motion by Councillor James Pasternak.
The Commonwealth Games Federation (CGF) is looking for a replacement host after the South African city of Durban was forced to withdraw its bid earlier this month due to financial difficulties and a lack of progress since it was awarded hosting rights in September 2015.
Eurosport Sweden lands Allsvenskan rights
International sports broadcaster Eurosport has acquired rights in Sweden to the Allsvenskan, the top tier of club football in the country.
British Superbike Championship teams up with Vauxhall, BMW
British automotive manufacturer Vauxhall Motors has been named as the official commercial vehicle of the 2017 British Superbike Championship (BSB), while the German car-maker BMW is set to provide the official course, safety and medical car fleet for the next three years.
Sport1 strikes deal for Virtuellen Bundesliga rights
German sports broadcaster Sport1 has acquired rights to the Virtuellen Bundesliga (VBL), the official esports competition of the German Football League (DFL).
Everton agrees deal for stadium site
English Premier League football club Everton has agreed heads of terms to acquire a site at Bramley Moore Dock, where it intends to build a new state-of-the-art stadium.
TV3 nets England football rights
Irish commercial broadcaster TV3 has acquired rights for England’s national team football qualifiers ahead of the 2018 Fifa World Cup in Russia.
ASO takes Tour de France to China with new events
Amaury Sport Organisation (ASO) has formalised its plans to take the Tour de France brand into China by unveiling two events that are set to take place following this year's edition of the cycling showpiece.
Dakar Rally to return to Peru
Peru will host the opening stage of next year’s edition of the Dakar Rally endurance motorsport event, it has been announced. The country’s capital, Lima, will kick off the 2018 Dakar Rally before the event travels through the Andes towards Bolivia. Competitors will then approach the Bolivian capital of La Paz for a rest day before the event concludes in Córdoba, Argentina.
The event, which will comprise 14 stages in total, will run from January 6-20.
Title sponsor signs up for IAAF World Relays
The Bahamas Telecommunications Company has been named as the title sponsor of the International Association of Athletics Federations’ upcoming World Relays event in the Caribbean country.
Fox Sports picks up rights to inaugural Big3
The Fox Sports division of US network Fox has acquired rights for Big3, a new three-on-three, half-court basketball league that will launch on June 25.
Uefa president raises prospect of luxury tax to curb club spending
Uefa president Aleksander Ceferin has said European football's governing body is again looking at the prospect of introducing a 'luxury tax' system in the game as it seeks further means to restrict the financial dominance of the continent's top clubs.
Ireland plays down Brexit fears for Rugby World Cup bid
The chairman of Ireland’s bid to stage the 2023 Rugby World Cup has insisted that Britain’s impending exit from the European Union will not have a detrimental impact on the country’s efforts to stage the national team tournament.
DFL to launch Bundesliga International sales and marketing unit
The German Football League (DFL), organising body of the top two divisions of the domestic game, has revealed plans to replace its existing DFL Sports Enterprises entity with a new body entitled Bundesliga International.
Seiko partners with World Para Athletics Championships
Japanese watch manufacturer Seiko has agreed a deal to sponsor this year’s World Para Athletics Championships, which will take place in London.
Formula E chief hails rise in manufacturer partners
Alejandro Agag, founder and chief executive of Formula E, has said the electric car-racing series has far surpassed its expectations by securing nine manufacturers for the 2018-19 season, having initially set a target of three competing companies by its fifth campaign.
Glasgow awarded European Short Course Swimming Championships
The Ligue Européenne de Natation (LEN), the governing body of aquatics in Europe, has awarded the Scottish city of Glasgow hosting rights for the 2019 European Short Course Swimming Championships.
Tokyo 2020 golf venue reverses female membership stance
Kasumigaseki Country Club, the venue due to host golf events during the 2020 summer Olympic Games in the Japanese capital of Tokyo, has announced that it has voted to admit women members after being urged to do so last month by the International Olympic Committee (IOC).
BWF assigns key hosting rights, revamps event structure
The Badminton World Federation (BWF) has awarded hosting rights for its 2018 and 2019 World Championships to Nanjing and Basel, respectively, while it has also unveiled a major overhaul to its event structure.