DIRS.INFO The most relevant business & tech news

☆ Sea sails recklessly into choppy e-commerce waters
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +2 min

Singapore-based Sea Limited Chairman and CEO Forrest Li, speaks during an interview with CNBC following his company's IPO on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 20, 2017. REUTERS/Brendan McDermid Acquire Licensing RightsHONG KONG, Aug 16 (Reuters Breakingviews) - Sea's (SE.N) boss Forrest Li has picked a turbulent time to rock the boat. But Li's declaration on Tuesday that it's time to "ramp up" investments again risks wiping out the hard-earned investor goodwill. Despite Li's assurances that Sea will keep emphasising self-sufficiency and cost efficiencies, investors promptly erased some $10 billion, or 29%, in market value. In July, the latter injected $845 million into its Southeast Asian arm, signalling a price war may be on the horizon.

Persons: Forrest Li, Brendan McDermid, HONG KONG, Li, China's Alibaba, Robyn Mak, Exor’s Philips, Bain, BoE, Antony Currie, Thomas Shum Organizations: CNBC, New York Stock Exchange, REUTERS, Reuters, HK, Twitter, FC Barcelona’s, Messi, Thomson Locations: Singapore, New York, U.S, HONG, York

☆ Salesforce cage-rattlers leave in profitable peace
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +2 min

Acquire Licensing RightsNEW YORK, Aug 15 (Reuters Breakingviews) - For activist investors in Salesforce (CRM.N), the low-hanging fruit should suffice. Fast growth and big-ticket acquisitions that Salesforce boss Marc Benioff had pursued turned anathema last year. The stock price roughly halved, falling faster than the Nasdaq-100 Technology Sector Index (.NDXT). Benioff eventually acquiesced, slashing 10% of the workforce, disbanding the deals committee and unveiling a $20 billion stock buyback plan. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Porte, Jeff Smith’s, Dan Loeb’s, Marc Benioff, ValueAct, Benioff, Jonathan Guilford, Exor’s Philips, Bain, BoE, Jeffrey Goldfarb, Sharon Lam Organizations: Viva Technology, Porte de, Reuters, Big Tech, Nasdaq, Profit, Elliott Investment Management, Twitter, FC Barcelona’s, Messi, Thomson Locations: Paris, France, Salesforce, Salesforce’s

☆ Exor’s Philips bet looks well-timed
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +2 min

The Agnelli family’s investment company on Monday said it bought a 15% stake in the toothbrushes-to-defibrillators group for 2.6 billion euros ($2.8 billion). Philips’ shares are down some 62% since the peak in April 2021, and it now looks much cheaper than the sum of its parts. Based on peer multiples, its diagnostics business could be worth 14 times 2024 EBITDA, while its connected care unit, which helps hospitals manage patient data, might be valued at 18.5 times EBITDA. Lastly, throw in the consumer division, which makes toasters and TVs, and could fetch 12 times EBITDA. Using Refinitiv forecasts, that would imply a total enterprise value of 33 billion euros, and equity of some 24 billion euros, after taking off debt and 2.4 billion euros for legal costs estimated by Bernstein analysts.

Persons: John Elkann, Agnelli, Philips ’, EBITDA, Bernstein, Roy Jakobs, Philips, Karen Kwok, Bain, BoE, Neil Unmack, Streisand Neto Organizations: Reuters, Koninklijke Philips, U.S . Department of Justice, Philips, Twitter, FC Barcelona’s, Messi, Siemens, Thomson

☆ Bain puts Chindata minority owners out of misery
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +2 min

MELBOURNE, Aug 14 (Reuters Breakingviews) - Bain Capital has just taught a refresher course in the perils of being a minority investor. On Friday the buyout firm agreed to take Chindata private in a deal that values the Chinese data centre operator it already controls at $3.2 billion. But those who bought in when the U.S. private equity firm took Chindata public in 2020 or were hoping for a bidding war – or both – have good reason to be disappointed. Second, a unit of state-owned conglomerate China Merchants Group countered Bain with a $3.4 billion deal, which Chindata took a month to acknowledge. And it has let investors holding another fifth or so of Chindata stock into the buyout group.

Persons: Bain’s, Bain, Chindata, Antony Currie, BoE, Robyn Mak, Katrina Hamlin Organizations: MELBOURNE, Reuters, Bain Capital, China Merchants Group, China Merchants, Twitter, FC Barcelona’s, Messi, Siemens, Thomson Locations: New York

☆ FC Barcelona unit to list in US via $1 bln SPAC deal
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +2 min

A silhouette of a woman walks past behind a FC Barcelona's logo at Camp Nou stadium in Barcelona, Spain, March 24, 2016. REUTERS/Albert Gea/File PhotoAug 11 (Reuters) - Spanish soccer club FC Barcelona has agreed to list its content creation unit Barca Media on Nasdaq through a merger with a special purpose acquisition company, valuing the combined entity at $1 billion. The club said on Friday the deal will fetch new capital for Barca Media, a segment that FC Barcelona expects will be "an important source of revenue in the coming years". Barca Media will start trading on Nasdaq after the deal with Mountain & Co I Acquisition Corp (MCAA.O) closes in the last quarter of this year, FC Barcelona said. A special-purpose acquisition company (SPAC), also known as a blank-check company, is a listed entity that merges with a private firm to take it public.

Persons: Albert Gea, Joan Laporta, Lionel Messi, Laporta, Niket Nishant, Pritam Biswas, Krishna Chandra Organizations: FC, Camp Nou, REUTERS, FC Barcelona, Media, Nasdaq, Barca Media, FC Barcelona's, Mountain, Thomson Locations: Barcelona, Spain, Spanish, Bengaluru

☆ Spanish midfielder Iniesta joins Emirates Club
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +1 min

Soccer Football - Friendly - Vissel Kobe v FC Barcelona - Japan National Stadium, Tokyo, Japan - June 6, 2023 Vissel Kobe's Andres Iniesta applauds the fans as he gets substituted by Haruya Ide REUTERS/Kim Kyung-Hoon/File PhotoAug 8 (Reuters) - Former Spain and Barcelona midfielder Andres Iniesta has joined Emirates Club, the UAE Pro league announced on Tuesday. "Welcome Iniesta", Emirates club said on messaging platform X, formerly known as Twitter. The 39-year-old player left Japanese club Vissel Kobe last month after five years. Iniesta won nine LaLiga titles with Barcelona and four Champions League titles. With Spain, he won the 2010 World Cup and back-to-back Euro titles in 2008 and 2012.

Persons: Vissel Kobe's Andres Iniesta applauds, Haruya Ide, Kim Kyung, Andres Iniesta, Iniesta, Shady Amir, Clare Fallon Organizations: Soccer Football, FC Barcelona, Japan, Haruya Ide REUTERS, Barcelona, Emirates Club, UAE Pro, Emirates, Twitter, Vissel Kobe, League, Spain, Vissel, AFC Champions League, Thomson Locations: Kobe, Tokyo, Japan, Spain, Ras Al, Khaimah, Vissel Kobe

☆ US women’s World Cup domination has ended. But the nation remains a global talent factory
▼ + stars: | 2023-08-07 | by ( Jessie Yeung | ) edition.cnn.com time to read: +12 min

The US women’s team has been historically dominant, winning four World Cups (and four Olympic gold medals). UK-born US national team defender Antonee Robinson in action for Fulham in the Premier League on May 8, 2023. Warren Little/Getty ImagesHistory of US women’s dominanceThe civil rights law Title IX, passed in 1972, is one major reason why the US women’s team is so strong, experts say. Sarina Bolden represents the Philippines at the FIFA Women's World Cup on July 25, 2023. Haiti's Noa Ganthier holds a phone for a selfie in Brisbane Stadium, Australia, at the Women's World Cup on July 21, 2023.

Persons: Antonee Robinson, Sergiño Dest, Tim Weah, –, George Weah –, ”, Gijsbert Oonk, Warren Little, IX, Leander Schaerlaeckens, ” Schaerlaeckens, Oonk, It’s, Schaerlaeckens, “, Sarina Bolden, Catherine Ivill, Bolden, she’d, ” Noa Ganthier, I’ve, ” Danielle Etienne, Derrick Etienne, Haiti's Noa Ganthier, Dan Peled, Nigeria’s, Elkeson Organizations: CNN, Washington DC, US, Fulham, FC Barcelona, West African country’s, Sport, Erasmus University Rotterdam, Olympic Games, Premier League, Soccer, Marist College, International, Erasmus University, FIFA, Haiti, Haitian, Haiti’s men’s, men’s Locations: California, Seattle, Philippines, United States, America, Haiti, Jamaica, United Kingdom, Netherlands, US, Liberia, England, Brazil, Spain, Argentina, Europe, American, Florida, father’s, Virginia, Brisbane, Australia, Mexico, Asia, China, Vietnam

☆ LeBron James and Serena Williams wowed, David Beckham close to tears, as stars watch Lionel Messi’s stunning debut winner
▼ + stars: | 2023-07-22 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +3 min

CNN —LeBron James and Serena Williams have become accustomed to tens of thousands of fans screaming their names whenever they enter a sporting arena. But in a complete role reversal, James and Williams became the adoring fans witnessing sporting greatness on Friday. David Beckham, Victoria Beckham and daughter Harper Beckham look on as Messi plays in his first Inter Miami game. mpi04/MediaPunch /IPX/AP“I’m happy to be here with Victoria and David and everyone, it’s going to be such a fun game,” Kardashian told broadcaster Apple TV before the match started. He’s so excited to see Messi,” Kardashian responded.

Persons: LeBron James, Serena Williams, James, Williams, Lionel Messi, Kim Kardashian, David Beckham, Victoria Beckham, Harper Beckham, Messi, David, ” Kardashian, Saint, Kardashian, “, He’s, ” James, Sergio Busquets, Ballon, Cruz, Marco Bello, Reuters Beckham, videoed, Leo, Sergio, ”, Patrick Mahomes Organizations: CNN, Inter Miami, Apple, Argentine, FC Barcelona, Cruz Azul, Reuters, ” Inter Miami, Kansas City Chiefs Locations: Fort Lauderdale , Florida, Victoria, American

CNN —A judge in Barcelona has opened a second investigation into alleged tax fraud by Grammy-winning singer Shakira, a Spanish court said Thursday. Shakira is already awaiting trial for alleged tax evasion of $16.2 million for the years of 2012, 2013 and 2014. The Colombian-born singer, who now lives in Miami, earlier denied the charges of tax fraud relating to the period 2012-2014 through her public relations firmShakira reiterated her innocence on Thursday. In July 2021, a judge at a court near Barcelona ruled that the singer could stand trial for alleged tax evasion. In a ruling obtained by CNN, the investigating magistrate said there was “sufficient evidence” to hold a trial for Shakira’s alleged tax evasion for the years of 2012, 2013 and 2014.

Persons: CNN —, Shakira, “, Judge Marco Jesús Juberías, Shakira’s, Gerard Piqué, Piqué Organizations: CNN, Higher, Justice, Miami, FC Barcelona football Locations: Barcelona, Esplugues, Llobregat, Catalonia, Colombian, Miami, Spain, Bahamas

☆ Putellas fit and ready to go for Spain's World Cup campaign - coach
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +1 min

"All players are available to play tomorrow," Vilda said via a translator at a media conference in Wellington on Thursday. "In the case of Alexia, it's optimising all the training sessions that we've had to have Alexia with us. "We are very careful with everything that we do and we're trying every possible means so that Alexia would be in condition to play tomorrow." The Barcelona midfielder is expected to be a key cog in Spain's third World Cup campaign where they are favourites to top Group C ahead of Costa Rica, Zambia and Japan. Spain were eliminated in the last 16 by eventual champions, the United States, in France in 2019, four years after failing to reach the knockout phase on their World Cup debut in 2015.

Persons: Johan Cruyff, Sant Joan Despi, FC Barcelona's Alexia Putellas, Ballon, Albert Gea, Alexia Putellas, Jorge Vilda, Putellas, Vilda, Alexia, it's, we've, Ian Ransom Organizations: Soccer, League, FC Barcelona, Benfica, FC Barcelona's, REUTERS, Costa, eventual, Thomson Locations: Spain, AUCKLAND, Costa Rica, Wellington, Barcelona, Zambia, Japan, United States, France, Melbourne

☆ Women's World Cup will win over the sceptics, says Infantino
▼ + stars: | 2023-07-19 | by ( Amy Tennery | ) www.reuters.com time to read: +2 min

[1/2] Soccer Football - The Best FIFA Football Awards - Salle Pleyel, Paris, France - February 27, 2023 FC Barcelona's Alexia Putellas winner of The Best FIFA Women’s Player award 2022 receives the trophy from FIFA president Gianni Infantino REUTERS/Sarah Meyssonnier/File PhotoAUCKLAND, July 19 (Reuters) - FIFA President Gianni Infantino said women's football has experienced incredible growth over the last 10 years and is confident that the World Cup will win over anyone who remains sceptical about the merits of the women's game. Infantino said if there was one sport where the women's game could compete with the men's it would be football. "I mean, it’s 50% of the population, women around the world, more or less, right?" FIFA Secretary General Fatma Samoura said a total of 1.375 million tickets had been sold across the tournament so far. The ninth edition of the Women's World Cup runs from July 20 through Aug. 20.

Persons: FC Barcelona's Alexia Putellas, Gianni Infantino, Sarah Meyssonnier, Infantino, It's, General Fatma Samoura, Amy Tennery, Peter Rutherford Organizations: Soccer Football, FIFA, Salle Pleyel, FC Barcelona's, Gianni Infantino REUTERS, Thomson Locations: Paris, France, AUCKLAND, Australia, New Zealand, Auckland, Norway, Zealand

☆ Lionel Messi's US debut tickets cost as much as $110,000
▼ + stars: | 2023-07-17 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —To witness Lionel Messi make his US debut might require a payday as big as his. Tickets for his expected first match on Friday for Inter Miami in the Leagues Cup are selling as much $110,000, according to a search on ticket reselling website Vivid Seats. The average price is $487, and some fans are traveling nearly 700 miles to see the match against Mexican team Cruz Azul, a Vivid Seats spokesperson said. Tickets to last year’s League Cup match between Inter Miami and FC Barcelona cost about half of that. Ticket prices overall for Inter Miami, currently dead last in the standings , have also jumped about 700% since then.

Persons: Lionel Messi, Cruz Azul, Messi, Ballon, he’s, “, ”, “ Messi Organizations: New, New York CNN, Inter Miami, Leagues, MLS, Major League Soccer, year’s, FC Barcelona, Charlotte, US, World, Argentinian, Apple TV’s Locations: New York, Miami

☆ What is Prime, Logan Paul and KSI's energy drink, and what is the controversy around it?
▼ + stars: | 2023-07-10 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +7 min

New York CNN —For being less than two years old, Prime energy and sport drinks are already enduring a major growth spurt. Prime’s portfolioThe duo’s first drink, Hydration, is a Gatorade-like sports drink that mixes coconut water and electrolytes, without sugar or caffeine. In 2013, a Senate panel held a similar hearing with top energy drinks. “It will be interesting to see how the Prime crew alters their pitch, or the branding on the energy drink to move it away from potential confusion with the sports drink, if there’s a hearing,” he said. Meanwhile, Prime Energy has raked in around $42.5 million this year, according to Circana data given to BevNet.

Persons: Logan Paul, Olatunji, Paul, KSI “, ” Paul, “, Chuck Schumer, Schumer, Energy “, haven’t, ”, ” Schumer, Bull, ” Jeffrey Klineman, BevNet, Duane Stanford, that’s, Klineman, it’s, hasn’t Organizations: New, New York CNN, YouTube, Gatorade, Aldi, Walmart, CVS, Target, Food and Drug Administration, Energy, ” Prime Energy, FDA, American Academy of Pediatrics, Senate, CNN, Los Angeles Dodgers, UFC, FC Barcelona soccer, Beverage Digest, Pepsi, Coca Cola, Prime Energy Locations: New York, United Kingdom

☆ EA's CMO reveals how he'll keep the video game giant's soccer franchise rolling without FIFA branding
▼ + stars: | 2023-06-22 | by ( Ryan Joe | ) www.businessinsider.com time to read: +4 min

EA's "FIFA" series is a big revenue driver, but its next soccer video game won't have that branding. CMO David Tinson reveals his plan to drive fans to EA's new soccer franchise EA Sports FC. Electronic Art's marketing muscle is going to have to do some heavy lifting this year to build a new powerhouse brand around its soccer video game series. In 2022, EA and FIFA ended a licensing partnership that lasted nearly three decades and helped make the "FIFA" video game series the most popular sports franchise of all time. This is a key component to making sure fans of the "FIFA" franchise glom onto the new one.

Persons: David Tinson, Andrew Wilson, Tinson, we've, hadn't Organizations: FIFA, EA Sports FC, EA, FC Barcelona's Camp, Manchester United, FC Barcelona, Nike Locations: FC Barcelona's Camp Nou, Real Madrid

☆ Meta introduces broadcast tool Channels on WhatsApp
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +1 min

June 8 (Reuters) - Meta Platforms (META.O) on Thursday introduced WhatsApp Channels, a feature that the social media giant said would help make the app a "private broadcast messaging product." Users in Colombia and Singapore will be the first to receive access to Channels. Over the coming months, Meta will expand the availability of the tool for users in more countries, it said. Profile photos and contact information of the channel admin would not be visible to followers. Reporting by Niket Nishant and Bhanvi Satija in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Niket Nishant, Maju Samuel Organizations: Meta, Global, World Health Organization, FC Barcelona, Manchester City, Thomson Locations: Colombia, Singapore, Bengaluru

☆ Lionel Messi and MLS club Inter Miami are discussing possible signing, per reports
▼ + stars: | 2023-06-07 | by ( David Close | ) edition.cnn.com time to read: +1 min

CNN —The Argentinian superstar Lionel Messi is in discussions to join Major League Soccer (MLS) club Inter Miami, according to reports by the BBC and The Athletic. There has been speculation around Messi’s next move since he announced his departure from French side Paris Saint-Germain (PSG). CNN has reached out to Major League Soccer, Inter Miami, Messi’s representative and David Beckham – who is part of Inter Miami’s ownership team – but had not received a reply by the time of publication. There had been previous speculation Messi would move to Saudi Arabia, where he has business ties. Before his two-season stint with PSG, Messi spent 17 trophy-laden years at FC Barcelona.

Persons: Lionel Messi, Messi’s, Germain, Guillem Balague, David Beckham –, Messi, Jorge Messi Organizations: CNN, Major League Soccer, Inter Miami, BBC, The, Paris Saint, PSG, Sunday, Inter, FC Barcelona, Argentina Locations: Saudi Arabian, Al, Hilal, Saudi Arabia, Barcelona

☆ FC Barcelona: How Xavi's defensive revolution brought La Liga title back to Catalunya
▼ + stars: | 2023-05-15 | by ( Matias Grez | ) edition.cnn.com time to read: +11 min

Such has been the Blaugrana’s dominance this season, Xavi’s side clinched the trophy with four games still remaining and his iteration will undoubtedly go down as one of the greatest defensive teams in La Liga history. With only 13 goals conceded so far this season, Xavi’s Barcelona is set to obliterate that record. “Not only for me, but for the club and for all Barcelona fans it’s very important to win La Liga,” Barça striker Robert Lewandowski told CNN Sport ahead of the match against Espanyol. I think the first round [of fixtures] was very important, we proved that we can think about winning La Liga. Barcelona fans celebrate Sunday's La Liga success -- the club's first league title since the 2018-19 season.

☆ Busquets to leave Barcelona at end of season
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +1 min

[1/3] Soccer Football - LaLiga - FC Barcelona v Getafe - Camp Nou, Barcelona, Spain - January 22, 2023 FC Barcelona's Sergio Busquets holds the Spanish Super Cup trophy aloft before the match... Read moreMay 10 (Reuters) - Barcelona defensive midfielder Sergio Busquets will leave the club at the end of this season after spending 18 years with the Catalan outfit, the team said on Wednesday. Busquets, 34, began his youth career at Barcelona in 2005 before making his first-team debut in 2008. He helped Barcelona win eight LaLiga titles, seven Copa del Rey titles, three Champions League trophies and three Club World Cups. He could add another league title to his achievements this season, with Barcelona leading the points table by 13 points with five games remaining. A report on Spanish TV show El Chiringuito de Jugones said that Busquets has accepted an offer by Saudi Arabia's Al-Hilal along with Lionel Messi.

☆ Real Madrid's Modric a doubt for Copa del Rey final
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +1 min

[1/4] Soccer Football - Copa del Rey - Semi Final - Second Leg - FC Barcelona v Real Madrid - Camp Nou, Barcelona, Spain - April 5, 2023 Real Madrid's Luka Modric during the match REUTERS/Albert GeaApril 28 (Reuters) - Real Madrid's Luka Modric has suffered a thigh injury, and the veteran midfielder could be a doubt for their Copa del Rey final against Osasuna on May 6, manager Carlo Ancelotti said on Friday. Modric, 37, played a little over an hour in Real's 4-2 defeat by Girona over the weekend before he was substituted. Real will be looking to win the Copa del Rey for the 20th time. "It's pending evolution and we don't know if he will be fit for the Copa match. They currently sit second in LaLiga, 11 points behind leaders Barcelona after 31 games and two points ahead of Atletico Madrid.

☆ Barcelona scrapes by Atlético Madrid 1-0 to remain in firm control of La Liga title race
▼ + stars: | 2023-04-23 | by ( Patrick Sung | ) edition.cnn.com time to read: +3 min

CNN —FC Barcelona scraped by Atlético Madrid 1-0 at the Camp Nou to extend its lead at the top of La Liga over eternal rival Real Madrid to 11 points. Ferrán Torres’ goal in the 44th minute made the difference, ensuring Atlético continued its 17-year winless drought – with 8 draws and 15 losses – at the Camp Nou. Antoine Griezmann was Atlético's main offensive threat, but he was thwarted by the crossbar and Marc-André ter Stegen twice. Just when Barça’s domination of possession in the first half seemed to be fruitless, the first goal materialized near the stroke of half-time. The win means Barcelona remains in firm control in the La Liga title race with eight matches remaining and an 11-point lead ahead of Real Madrid.

☆ Podcast: Gay in Uganda - A life or death situation
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: 1 min

Uganda’s President Yoweri Museveni must this week either sign, veto or send back to parliament one of the world’s toughest anti-gay bills. Whatever he decides, life for the country’s LGBTQ community is a dangerous endeavour. A corruption scandal at FC Barcelona and the war of words over Spain’s fascist past. Abortion activists and doctors look for alternatives as the Supreme Court considers the future of abortion pill Mifepristone. Our Standards: The Thomson Reuters Trust Principles.

☆ A corruption scandal, accusations of favoritism and Franco’s regime: Real Madrid and Barcelona in war of words over Spain’s fascist past
▼ + stars: | 2023-04-19 | by ( Matias Grez | ) edition.cnn.com time to read: +5 min

More than eight weeks after the scandal emerged, FCB President Joan Laporta went out to bat for the Catalan club on Monday. General view of Estadio Santiago Bernabeu prior to the La Liga match between Real Madrid CF and Getafe CF on April 09, 2022 in Madrid, Spain. But Laporta finished by saying that Real Madrid is “a club considered the team of the regime,” a reference to the club’s reported historic ties with Franco during his fascist dictatorship. “We are talking about a club [Real] that has historically close ties to political, financial and sporting power,” Laporta said. In total, Real won 14 league titles to Barcelona’s eight under Franco, while the Blaugrana won nine Copas del Generalísimo to Real Madrid’s six.

☆ Women's soccer expands into the Bay Area with a new team and record investment
▼ + stars: | 2023-04-04 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

"Sixth Street has the incredible know-how, experience and bandwidth to devote to the league," NWSL Commissioner Jessica Berman told CNBC. Waxman, a former Goldman Sachs executive, founded Sixth Street in 2009, and the firm currently has more than $65 billion in assets under management. This is the company's first foray into women's sports, following investments in Spanish soccer teams Real Madrid and FC Barcelona and the NBA's San Antonio Spurs. The four former national team players will be represented on the board and will work alongside Sixth Street in setting the team's strategic direction, he said. Sandberg will partner with the club to create leadership programs that empower women and girls in underserved Bay Area communities.

☆ Vinícius Jr. is being racially abused during LaLiga matches. Why is nobody being punished?
▼ + stars: | 2023-03-15 | by ( Matias Grez | ) edition.cnn.com time to read: +17 min

It has been updated to reflect the persistent racist abuse that Vinicius Jr. was subjected to during Real Madrid’s 1-0 defeat by Valencia on May 21, 2023. ‘Racist campaign against Vinícius’Incidents of players being racially abused by fans have tarred numerous LaLiga matches this season. On May 21, Vinícius was again subjected to racist abuse from the stands, this time during Real’s match against Valencia at the Mestalla stadium. Most cases of racist abuse which LaLiga has referred to local prosecutors have involved Vinícius. The local prosecutor in Mallorca said it is investigating a number of cases of racist abuse at matches.

☆ Meet Thom Browne, the stripe-obsessed designer who took on Adidas and won
▼ + stars: | 2023-01-26 | by ( Danni Santana | ) www.businessinsider.com time to read: +6 min

Thom Browne defeated Adidas in court this month over its right to use its four stripe design. Adidas sought roughly $7.8 million in damages — equivalent to the amount Adidas believed it would have earned through a licensing agreement with Thom Browne and profits Thom Browne made off the parallel stripe designs. Fashion Designer Thom Browne arrives at Manhattan Federal Court on January 03, 2023. Thom Browne made $285 million in 2021 revenue compared to $23 billion for Adidas, according to the New York Times report. By then, Thom Browne was dressing sports teams like the NBA's Cleveland Cavaliers and European soccer club FC Barcelona for pregame appearances.

Search resuls for: "FC Barcelona"

25 mentions found