Sports Business Updates; Week 7, 2017 

Here is the business that has been happening from last Friday throughout the week in the world of sports. 

Puma resurgence continues with strong financials

German sportswear company Puma has posted a 33-per-cent increase in operating profit to continue its financial improvement on the back of a year of major sporting events.

New Super League seeks to shake up triathlon

Hamilton Island in Australia has been announced as the host of a new triathlon series that aims to create an entertainment property that will take triathlon into the mainstream.

Funding not an issue for Vegas stadium, says Raiders president

Oakland Raiders president Marc Badain has insisted that financing the NFL American football team’s proposed move from California to Nevada will not be an issue, despite the project having recently lost one of its key backers.

European Tour furthers innovation strategy with new GolfSixes event

Golf’s European Tour has continued its drive for innovation in the sport by unveiling a new event entitled GolfSixes.

‘Landmark’ pact set to herald peace in kiteboarding

World Sailing on Monday hailed the signing of a “landmark agreement” which aims to unite the kiteboarding community and end a period of turmoil in the sport.

Amsterdam to host 3×3 basketball showpieces

Fiba, basketball’s global governing body, has announced that the Dutch city of Amsterdam will host the 3×3 Europe Cup later this year and the 3×3 World Cup in 2019.

Formula E secures fresh Chinese investment

CMC Capital Partners, a leading Chinese investor in the sports and entertainment sectors on Tuesday announced an investment in Formula E Holdings Limited, the official promoter of the Formula E electric car-racing championship.

MEPs call for Commission inquiry into F1

The European Commission could launch an investigation into alleged “anti-competitive practices” in the Formula One motor-racing world championship after Members of the European Parliament voted to support an inquiry.

Turkey confirms plan to re-enter bidding arena for European Championships

The Turkish Football Federation (TFF) on Wednesday confirmed it will bid to host Uefa Euro 2024, following up on a pledge it made when exiting the race for rights to the 2020 edition of the showpiece national team tournament of European football’s governing body.

LFP and FFF launch first overseas office in Beijing

The French Football League (LFP) and French Football Federation (FFF) on Thursday joined forces to inaugurate their first overseas office in Beijing, China.

FIA slams ‘malicious’ criticism of role in F1 takeover

The International Automobile Federation (FIA) has hit out at “inaccurately informed” and “malicious” reports concerning its role in the takeover of Formula One by US mass media company Liberty Media.

You are now informed! Be sure to read again next week on Friday to catch up on the latest in the world of sports. 

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