The global sports industry has quietly entered a new era — one where some of its most influential owners and financiers are no longer billionaires or private equity firms, but sovereign wealth funds (SWFs). With trillions of dollars under management and long-term national investment mandates, these state-backed funds are reshaping how teams, leagues, media rights […]
Jean-Baptiste Roy of Asia Sports Tech: “Sports innovations that rely on AI are starting to proliferate”
In APAC, $3.1b were invested in SportsTech in 2021 which is almost 5 times the figure in 2020. Average deal value of $47m makes it the highest in the world but median value of $1.7m is closer to the norm. The Playknox recently spoke with Jean-Baptiste Roy, co-founder of Asia Sports Tech to find […]
Mumbai Indians to add New York based franchisee to expand portfolio
Mumbai Indians, owned by Reliance Industries Limited has announced the proposed addition of a fifth cricket franchise – MI New York, to the growing MI #OneFamily, to be based in New York. The team will participate in the inaugural edition of Major League Cricket (MLC) subject to completion of customary due diligence; negotiation, and […]
BCCI implements pay equity policy for women cricketers
BCCI has taken its first step towards tackling discrimination by implementing pay equity policy for the contracted BCCI Women cricketers. The match fee for both Men and Women Cricketers will be same as BCCI moves into a new era of gender equality in 🇮🇳 Cricket. The BCCI Women cricketers will be paid the same […]
World Athletics unveils an artificial atmosphere creation technology to enhance engagement
World Athletics has unveiled an atmosphere creation system at the Monaco Diamond League which will be used to enhance the experience for the athletes, the spectators and the broadcast audience in the absence of a full crowd. The technology, which has been developed specifically for the sport of athletics this year, will compensate for any […]