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Tag: Sports

Sports tycoons ride into battle for Evans

Sports tycoons ride into battle for Evans

Business
The two biggest sports retailers on the high street have joined the battle for control of Evans Cycles, one of Britain's biggest bike retailers. Sky News has learnt that JD Sports Fashion and Sports Direct International both tabled indicative offers for Evans last week, pitting them against Halfords and a number of financial investors.News of JD Sports' and Sports Direct's interest highlights an unexpectedly fierce contest to buy Evans, which has racked up losses of more than £8m in the last two years.A takeover of the bike specialist is likely, however, to be at a knockdown valuation as its owner, the private equity firm ECI Partners, seeks a buyer capable of meeting its ongoing funding requirements.Evans is said to need more than £10m in fresh capital to see it ...
House of Fraser bought by Sports Direct for £90m

House of Fraser bought by Sports Direct for £90m

Business
Mike Ashley's Sports Direct has agreed to buy the House of Fraser department store chain for £90m.Earlier on Friday, House of Fraser went into administration after talks between the retailer and its creditors failed to reach an agreement.Its 59 shops were expected to open on Friday, including the 31 that had already been marked for closure.House of Fraser - which began trading 169 years ago - employs 17,500 people, including 11,500 concession staff. Sports Direct said in a statement: "The group has acquired all of the UK stores of House of Fraser, the House of Fraser brand and all of the stock in the business."Mike Ashley already held an 11% stake in the department store chain. Mr Ashley's ...
Kirsty Gallacher treats fans to flesh-flashing display after leaving Sky Sports News

Kirsty Gallacher treats fans to flesh-flashing display after leaving Sky Sports News

Entertainment
The 42-year-old brunette announced last week that she had decided to “do something fresh and new” after 20 years with the company. She will be universally missed after cementing her position as one of the most recognisable faces on TV. But fans have not seen the last of Kirsty. After unleashing her take on the viral “flossing dance” and wowing fans with a saucy bum wiggle routine, she has taken to social media once again to flash the flesh.In a video posted on her Instagram account, the former pundit can be seen dressed in a flowing black dress before she turns to flash her upper thigh to the camera.She then wiggles her bum before revealing a smile, using Insta function Boomerang. INSTAGRAM/SKY S...

Casinos Ready to Bet Big on Sports Gambling

Finance
[unable to retrieve full-text content]The U S Supreme Court just struck down as unconstitutional the Professional and Amateur Sports Protection Act of 1992 which barred states from authorizing sports gambling While 160 sports betting has been legal in Nevada for decades the court said Congress had the right to Latest Articles in
US ruling opens way for states-wide sports betting

US ruling opens way for states-wide sports betting

Business
The US Supreme Court has made a landmark ruling that could allow states across the country to legalise sports betting.It has endorsed a 2014 state ruling in New Jersey which permits sports betting in casinos and at horse racing tracks.The court also struck down a 1992 federal law banning sports gambling.The news sent the share prices of gambling stocks in the US and UK surging, including Britain's William Hill and Paddy Power.Several major US sports bodies had opposed the move, including the National Basketball Association.The National Collegiate Athletic Association said it was a threat to the "integrity of athletic competition".However, Justice Samuel Alito wrote on behalf of the Supreme Court: "The legalisation of sports gambling requires an important ...