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LONDON (Reuters) - Canadian billionaire Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake in Aston Martin, Autocar magazine reported, sending the carmaker's battered share price up nearly 15% on Thursday.
LONDON (Reuters) - U.S. private equity firm Silver Lake has bought a 10% stake in Manchester City's Abu Dhabi-controlled owner, adding to its $43 billion (£33.5 billion) worth of investments which include the world's best-known sports venues and teams as well as technology companies.
HONG KONG/NEW YORK (Reuters) - Wanda Sports Group, a sport events owner whose interests include the distribution of media rights in Asia for the FIFA World Cup, said on Friday it priced a smaller-than-expected U.S. initial public offering (IPO) below its targeted range to raise $190.4 million (£153.07 million).
JAKARTA (Reuters) - Indonesia's Bali United this week became the first club in Southeast Asia to list its shares, a move that officials and fans hope could be a step towards developing a league that has been dogged by allegations of corruption.
GENEVA (Reuters) - British Formula One and sports car maker McLaren's shareholders are no longer considering a stock market flotation and are focused on growing the group, the head of the brand's automotive division Mike Flewitt told Reuters.
CHICHESTER, England (Reuters) - Britain must try to retain an influence over EU car rules after Brexit as any divergence in vehicle standards would add to local manufacturers' costs, sports carmaker McLaren Automotive said on Thursday, in the latest business warning to the government.
HONG KONG (Reuters) - A year after China ordered public officials off the fairways in a crackdown on graft, the business of golf is betting hunger for the game among middle class fans and an Olympic medal for a home-grown star can drive the sport back to growth.
(Reuters) - Fresh from its listing on the London Stock Exchange, British furniture retailer DFS
(Reuters) - The world of fantasy sports is having to grow up fast.
(Reuters) - FanDuel and DraftKings, the two leading fantasy sports companies in North America, are both planning their next big financial moves – including whether to raise more money privately or do initial public offerings. DraftKings says it would even consider merging with FanDuel.