News for 'sports investment'

How Chhattisgarh Is Becoming A Premier Sports Destination

How Chhattisgarh Is Becoming A Premier Sports Destination

Rediff.com6 days ago

Chhattisgarh is rapidly emerging as a significant sports destination in India, driven by state government initiatives to host major events and develop infrastructure. Chief Minister Vishnu Deo Sai highlighted the state's commitment to sports, exemplified by the DP World PGTI Nava Raipur Open 2026 golf championship, inaugurated with cricket legend Kapil Dev. These efforts aim to foster talent, promote sports tourism, and transform the state's image, including positive changes in regions like Bastar.

Maharashtra Deputy CM Shinde Concludes UK Visit, Pitches For Global Investment

Maharashtra Deputy CM Shinde Concludes UK Visit, Pitches For Global Investment

Rediff.com11 Sep 2026

Maharashtra Deputy Chief Minister Eknath Shinde concluded a two-day visit to the UK, focusing on attracting foreign direct investment and promoting the state's economic potential. His engagements included receiving leadership awards, meeting with sports figures like Virat Kohli to discuss Olympic aspirations, and appealing to British investors to bring technology and capital to Maharashtra, leveraging the India-UK FTA.

Punjab Launches Mega Sports Event To Nurture Talent

Punjab Launches Mega Sports Event To Nurture Talent

Rediff.com5 Sep 2026

Punjab has launched the fourth season of its state-level sports event, 'Khedan Wattan Punjab Diyan', aiming to identify and nurture sporting talent from grassroots to global levels. The event, featuring 39 disciplines and nearly 10 lakh participants, offers Rs 12.50 crore in prize money, including cash awards for veteran players for the first time. Chief Minister Bhagwant Mann inaugurated the games, highlighting the state's commitment to sports infrastructure development and financial assistance for athletes.

How India Is Investing Over Rs 700 Crore To Boost Asian Games Medal Prospects

How India Is Investing Over Rs 700 Crore To Boost Asian Games Medal Prospects

Rediff.com6 days ago

The Sports Ministry has invested over Rs 702 crore in the last three years to prepare Indian athletes for the upcoming Asian Games in Japan, featuring 310 debutants.

Arunachal Pradesh Set To Lead Northeast In Sports, Says Minister

Arunachal Pradesh Set To Lead Northeast In Sports, Says Minister

Rediff.com29 Aug 2026

Arunachal Pradesh Sports and Youth Affairs Minister Kento Jini announced the state's ambition to become the leading sporting state in the Northeast, highlighting its current second-place ranking after Manipur and the participation of two athletes in the upcoming Asian Games. The state celebrated National Sports Day by felicitating over 102 athletes and coaches with Rs 50 lakh in incentives, while officials and a renowned mountaineer encouraged continued sports participation.

Women's Sports See Record Viewership, Sponsorship Growth in US

Women's Sports See Record Viewership, Sponsorship Growth in US

Rediff.com13 Aug 2026

Women's sports garnered 28.6 billion minutes of views in the U.S. in the first half of 2026, an 18% increase year-over-year, with advertising spend up 120% since 2022, according to a Nielsen report.

Emami Group Concludes Investment In East Bengal FC, Shifts To Sponsorship Role

Emami Group Concludes Investment In East Bengal FC, Shifts To Sponsorship Role

Rediff.com25 Aug 2026

Emami Group has officially concluded its role as an investor and manager in East Bengal Football Club, transferring all shares and voting rights back to the club. The group will, however, continue its association with East Bengal FC as a sponsor, reaffirming its commitment to Indian football. This transition follows a successful period for the club under Emami's ownership, marked by significant victories for both men's and women's teams.

How Neeraj Chopra's Co-Ownership Will Boost Grassroots Sports In India

How Neeraj Chopra's Co-Ownership Will Boost Grassroots Sports In India

Rediff.com7 Aug 2026

Olympic medallist Neeraj Chopra has become a co-owner of the UBS Athletics Kids Cup, a grassroots initiative promoting sports among children. Having served as an ambassador, Chopra's new role aims to expand the programme's reach to one million children across India, fostering confidence, discipline, and a stronger sporting culture from the ground up.

Sports Ministry Provisionally Recognises FMSCI To Boost Motorsport In India

Sports Ministry Provisionally Recognises FMSCI To Boost Motorsport In India

Rediff.com24 Jul 2026

The Sports Ministry has provisionally recognised the Federation of Motor Sports Clubs of India (FMSCI) as a National Sports Federation (NSF), a move aimed at promoting motorsport and facilitating Formula 1's return to India. This recognition requires FMSCI to amend its constitution to comply with governance acts, and a Task Force is being established to assess the benefits and challenges of hosting major motorsport events.

How India Plans To Become A Global Sporting Powerhouse

How India Plans To Become A Global Sporting Powerhouse

Rediff.com23 Jul 2026

Union Minister Bandi Sanjay Kumar announced India's ambitious plan to rank among the top 10 sporting nations by 2036 and top five by 2047. He highlighted the central government's commitment to sports development through initiatives like Khelo India, increased budget allocation, and a special fund for sports equipment and technology, emphasising sports as a tool for nation-building and youth empowerment.

India Aims For Aquatic Excellence And Major Event Hosting

India Aims For Aquatic Excellence And Major Event Hosting

Rediff.com2 days ago

Sports Minister Mansukh Mandaviya met World Aquatics president Husain Al-Musallam to discuss strengthening cooperation, developing aquatic sports in India, and exploring India's readiness to host Asian-level championships. India is also targeting to host the 2038 Asian Games and 2036 Olympics.

How India Plans To Become A Global Sporting Powerhouse

How India Plans To Become A Global Sporting Powerhouse

Rediff.com23 Jul 2026

Union Minister Bandi Sanjay Kumar announced India's ambitious plan to rank among the top 10 sporting nations by 2036 and top five by 2047. He highlighted the central government's commitment to sports development through initiatives like Khelo India, increased budget allocation, and a special fund for sports equipment and technology, emphasising sports as a tool for nation-building and youth empowerment.

CM Majhi Inaugurates Odisha T-20 League For Grassroots Cricket

CM Majhi Inaugurates Odisha T-20 League For Grassroots Cricket

Rediff.com20 hours ago

Chief Minister Mohan Charan Majhi inaugurated the first 'Odisha T-20 League CM Trophy' at Barabati Stadium, aiming to provide a platform for cricketing talents. The league, with ambassadors like Suresh Raina, seeks to identify rural talent and is supported by a significant government investment of Rs 4,124 crore for sports infrastructure development, including new stadiums and the renovation of Barabati Stadium.

'Not looking to sell the game to India': Cricket Australia allows private investment in Big Bash League

'Not looking to sell the game to India': Cricket Australia allows private investment in Big Bash League

Rediff.com8 Sep 2026

Cricket Australia has announced that private investment will be introduced into the Big Bash League (BBL) from the 2027-28 season, beginning with the sale of the Melbourne Renegades T20 franchise, a move aimed at strengthening the league's long-term future and boosting finances.

JK Tyre Invests In Future Of Indian Motorsport With Atiqa Mir Sponsorship

JK Tyre Invests In Future Of Indian Motorsport With Atiqa Mir Sponsorship

Rediff.com27 Aug 2026

JK Tyre has signed 11-year-old racing sensation Atiqa Mir, reinforcing its commitment to nurturing young talent in Indian motorsport. Atiqa, who has already achieved significant international success, joins an elite list of drivers supported by the company, including F1 legends Narain Karthikeyan and Karun Chandhok. Her journey also highlights the increasing presence of women in motorsport.

Football icon Gerard Pique invests in Global Chess League franchise

Football icon Gerard Pique invests in Global Chess League franchise

Rediff.com18 Aug 2026

World Cup-winning Spanish footballer Gerard Pique has become a strategic shareholder in the Global Chess League franchise American Gambits. Pique, known for his illustrious football career, expressed his long-standing fascination with chess and his ambition to elevate the sport's global appeal. The fourth edition of the Global Chess League, featuring top grandmasters, is scheduled for September 3-13.

FIFA to proceed with $20 billion World Cup investment plan despite UEFA boycott

FIFA to proceed with $20 billion World Cup investment plan despite UEFA boycott

Rediff.com31 Jul 2026

FIFA has announced it will proceed with its consultation process to bring private investment into the World Cup and other tournaments, despite strong opposition and a boycott threat from UEFA. The plan involves creating a $20 billion subsidiary, FIFA Forward Enterprise, to manage commercial and event operations, offering external investors up to 20% stakes.

Government Forms Task Force To Explore Formula 1 Revival In India By 2028

Government Forms Task Force To Explore Formula 1 Revival In India By 2028

Rediff.com6 days ago

India's Sports Minister Mansukh Mandaviya has announced the formation of a 10-member Task Force, chaired by Niti Aayog's Yugal Kishore Joshi, to assess the feasibility and challenges of reviving Formula 1 in the country. The committee aims to develop a roadmap for India to host a Grand Prix by 2028, focusing on sustainable growth, policy interventions, and addressing past issues like taxation. The Adani group, owners of the Buddh International Circuit, will also be involved.

Gurucharan Hora Enters Race For AITA Secretary General

Gurucharan Hora Enters Race For AITA Secretary General

Rediff.com11 Sep 2026

Gurucharan Singh Hora, current Joint Secretary (Interim) of the All India Tennis Association (AITA), has announced his candidature for the Secretary General post. His decision comes amidst ongoing legal challenges and governance reforms within the AITA, with fresh elections mandated by the Delhi High Court.

Indian Surfing Team Eyes Olympic Qualification Via Asian Games

Indian Surfing Team Eyes Olympic Qualification Via Asian Games

Rediff.com4 days ago

Frenchman Samai Reboul, coach of the Indian national surfing team, views India's Asian Games debut as a crucial step towards qualifying for the 2028 Los Angeles Olympics. The team, comprising two men and two women, is preparing in Mahabalipuram for the Aichi-Nagoya Asian Games, where surfing makes its continental debut and offers Olympic quota places.

'Thalapathy' Vijay, 'Thala' Ajith share warm embrace at Silverstone; fans thrilled

'Thalapathy' Vijay, 'Thala' Ajith share warm embrace at Silverstone; fans thrilled

Rediff.com13 Sep 2026

Tamil Nadu Chief Minister C Joseph Vijay and actor-racer Ajith Kumar, known as 'Thalapathy' and 'Thala' respectively, shared a warm, lingering hug at the iconic Silverstone circuit in the UK.

Lionel Messi set to buy Spanish second-tier club CD Eldense

Lionel Messi set to buy Spanish second-tier club CD Eldense

Rediff.com9 Sep 2026

Football superstar Lionel Messi is reportedly nearing a deal to acquire Spanish second-tier club CD Eldense, adding to his growing portfolio of football ownership interests. The acquisition, which involves taking over all shares from majority owner TH Soluciones Group S.A.S, is pending approval from Spain's High Council for Sports (CSD).

FIFA clarifies 'no sale of football' amid UEFA boycott threats over investment plans

FIFA clarifies 'no sale of football' amid UEFA boycott threats over investment plans

Rediff.com31 Jul 2026

FIFA has issued a clarification regarding its FIFA Forward Enterprise (FFE) proposal, stating it would 'never entertain' selling football to private parties and aims to ensure meaningful commercial ownership for all member nations, following strong criticism and boycott threats from UEFA and CONCACAF.

Ricky Ponting: US Cricket's Growth Slower Than Expected, But 2028 Olympics Offer Hope

Ricky Ponting: US Cricket's Growth Slower Than Expected, But 2028 Olympics Offer Hope

Rediff.com11 Sep 2026

Former Australia captain Ricky Ponting expressed his belief that the growth of cricket in the United States has been slower than anticipated, but he remains optimistic about its potential, especially with the US national team's increasing competitiveness and the sport's inclusion in the 2028 Los Angeles Olympics.

Amit Bhatia-led consortium acquires minority stake in Liverpool football club

Amit Bhatia-led consortium acquires minority stake in Liverpool football club

Rediff.com16 Aug 2026

Premier League club Liverpool FC has finalised a deal to sell a minority equity stake to a consortium led by British-Indian businessman Amit Bhatia.

Brazilian Legend Cafu Calls On India To Embrace Football Potential

Brazilian Legend Cafu Calls On India To Embrace Football Potential

Rediff.com5 Sep 2026

Legendary Brazilian captain Cafu has urged India to shed its "tiny status" mindset in football and believe in its potential for growth, offering Brazil's cooperation. He responded to Bhaichung Bhutia's concerns about an India-Brazil friendly, emphasising the importance of grassroots development and international collaboration, drawing parallels with Japan and China's success. Cafu also shared his personal journey of overcoming doubts to become a football legend.

'We are disappointed': NSW warns over BBL privatisation

'We are disappointed': NSW warns over BBL privatisation

Rediff.com9 Sep 2026

New South Wales (NSW) has strongly criticised Cricket Australia's (CA) decision to proceed with a "self-determination" model for Big Bash League (BBL) privatisation, warning of potential threats to investment in grassroots cricket and long-term implications for the sport. NSW, which operates two BBL clubs, expressed disappointment over the lack of alignment across Australian cricket and highlighted unfulfilled conditions for the sale process.

Jeff Bezos-backed consortium acquires minority stake in Liverpool FC

Jeff Bezos-backed consortium acquires minority stake in Liverpool FC

Rediff.com14 Aug 2026

A consortium, including Amazon founder Jeff Bezos, has acquired approximately one-third minority stake in Premier League club Liverpool FC, with current owners Fenway Sports Group retaining majority control.

Gandhinagar Gets New Sports Infrastructure Boost

Gandhinagar Gets New Sports Infrastructure Boost

Rediff.com24 May 2026

Sports Minister Mansukh Mandaviya inaugurated new sports infrastructure facilities at SAI NCoE Gandhinagar, reinforcing the government's commitment to building world-class sporting ecosystems. The new facilities aim to strengthen athlete preparation through integrated support in training, recovery, nutrition, sports science, and mental wellbeing.

Players' Union Slams FIFA's 'Disturbing' $20 Billion World Cup Investment Plan

Players' Union Slams FIFA's 'Disturbing' $20 Billion World Cup Investment Plan

Rediff.com30 Jul 2026

Australia's players union has joined global criticism of FIFA's proposal to bring private investors into the World Cup and other events, citing a lack of transparency and pressure on member associations to approve the $20 billion plan.

LIV Golf Files For Chapter 11 Bankruptcy, Plans Restructuring

LIV Golf Files For Chapter 11 Bankruptcy, Plans Restructuring

Rediff.com9 Sep 2026

Professional men's golf league LIV Golf has filed for Chapter 11 bankruptcy in New Jersey, aiming to restructure its business with a $49.6 million loan from Saudi Arabia's Public Investment Fund.

Ladakh Unveils First International-Level Artificial Ice Hockey Rink

Ladakh Unveils First International-Level Artificial Ice Hockey Rink

Rediff.com13 Aug 2026

Ladakh has inaugurated its first international-level artificial ice hockey rink, a state-of-the-art facility costing Rs 42 crore. Equipped with a 24x7 chilling system, it allows year-round training, overcoming the previous limitation of a short natural ice season. This development is expected to boost winter sports, nurture local talent, and promote sports tourism in the region.

Gujarat Boosts Athlete Support With Shaktidoot 2.0 Scheme And Rs 388 Crore Infrastructure

Gujarat Boosts Athlete Support With Shaktidoot 2.0 Scheme And Rs 388 Crore Infrastructure

Rediff.com11 Aug 2026

Gujarat Deputy Chief Minister Harsh Sanghavi has launched the 'Shaktidoot 2.0' statewide sports scheme, significantly increasing financial assistance for athletes up to Rs 50 lakh. The initiative also focuses on identifying grassroots talent, supporting differently-abled players, and inaugurating sports complexes and libraries worth over Rs 388 crore. The scheme introduces a transparent, performance-based selection process and immediate aid for exceptional non-scheme players.

FIFA hands out suspensions, hefty fines after Argentina-Spain World Cup final brawl

FIFA hands out suspensions, hefty fines after Argentina-Spain World Cup final brawl

Rediff.com22 Aug 2026

Argentina's Leandro Paredes received a 10-match suspension and Nahuel Molina a seven-game ban from FIFA for their involvement in a brawl after the World Cup final against Spain, with both players also fined $90,000 each. The Argentine Football Association (AFA) was hit with a $321,000 fine for multiple disciplinary breaches, including a controversial banner display and team misconduct.

Asian Games: 18-YO Mane makes his mark in India's silver

Asian Games: 18-YO Mane makes his mark in India's silver

Rediff.com9 hours ago

India's Rudrankksh Patil, Himanshu Dhillon, and Parth Mane secured a silver medal in the men's 10m air rifle team event at the Asian Games. The young trio displayed composure, with debutant Parth Mane's performance being particularly noteworthy, contributing to India's growing medal tally in shooting.

Former owners Boehly and Walter sell Chelsea holdings to Clearlake

Former owners Boehly and Walter sell Chelsea holdings to Clearlake

Rediff.com4 days ago

Clearlake Capital Group is set to acquire the minority interests of co-owners Todd Boehly and Mark Walter, taking full control of Chelsea FC, with Boehly stepping down as chairman.

Amit Bhatia-Jeff Bezos set to buy stake in Liverpool FC

Amit Bhatia-Jeff Bezos set to buy stake in Liverpool FC

Rediff.com10 Aug 2026

The consortium is being led by Amit Bhatia, the son-in-law of steel magnate Lakshmi Mittal and a former shareholder in English second-tier club Queens Park Rangers.

SKASports To Develop Regional Sports Ecosystem With Singapore Club

SKASports To Develop Regional Sports Ecosystem With Singapore Club

Rediff.com16 May 2026

Chennai-based SKASports Investments Private Ltd has signed an agreement with a Singapore club to develop a regional sports ecosystem that would tap the large pool of footballers and coaches from India.

Paredes speaks out after FIFA hands him 10-match ban

Paredes speaks out after FIFA hands him 10-match ban

Rediff.com31 Aug 2026

Argentine midfielder Leandro Paredes has labelled his 10-match ban, imposed by FIFA following an altercation with Spanish players after the World Cup final, as 'excessive' and believes it can be reduced upon appeal.

Infantino on course to survive FIFA vote as opponents explore new battle plan

Infantino on course to survive FIFA vote as opponents explore new battle plan

Rediff.com10 Sep 2026

Infantino appears to have enough global support to secure re-election, forcing opponents without a credible challenger to consider shifting from defeating him to curbing presidential powers.