Reliance Industries buy out their shares in IMG and other sports business news

Agency giant IMG Worldwide has agreed to sell its 50 per cent stake in IMG Reliance, its Indian joint venture to Reliance Industries

After 10 years of partnership, IMG has offloaded 50% stake in Indian JV to Reliance Industries. The deal is worth US$7.13 million in cash and sees IMG Reliance become a wholly-owned subsidiary of Reliance Industries, which is India’s biggest company by market value.

IMG deny reports of termination of deal with BCCI to manage IPL with a five year deal renewal in 2017

IMG has denied the reports of termination of their IPL event management rights deal with BCCI. According to a statement issued by IMG, the company is still in discussion about the future of the deal with BCCI. It was reported in Indian media that BCCI has terminated the 13-year relationship with IMG and are planning to conduct the IPL 2021 season on their own.

Rights to England’s forthcoming cricket tour to India will be retained in the UK by the Walt Disney Company

Pay-television broadcaster Star India, which is now part of Disney, currently holds rights to all international and domestic cricket matches played in the country under a five-year deal that was signed with the Board of Control for Cricket in India in April 2018.

Top UK sports venues named among seven ‘super vaccination centres’

Facilities in London, Bristol, Manchester and Surrey to aid Covid-19 inoculation effort. London’s ExCel convention centre, Bristol’s Ashton Gate Stadium, Manchester’s Etihad Tennis Centre and Epsom Downs Racecourse have been named among seven ‘super vaccination centres’ as the UK government ramps up its Covid-19 inoculation programme.

New York moves to legalise mobile sports betting to help rebuild economy and potentially be “largest sports wagering market” in USA

New York governor Andrew Cuomo has previously pushed back on the concept of allowing wagers to be placed online in New York has announced plans to legalise mobile sports betting in an effort to help the state rebound from the coronavirus pandemic.