MAM
Dentsu to acquire 33.3% stake in Californian sports agency
MUMBAI: Dentsu Inc’s subsidiary Dentsu Sports will be acquiring a 33 per cent stake in sports agency Athletes First, LLC, which is headquartered in California.
Founded in 2001, Athletes First is a full-service agency, which represents National Football League (NFL) players, NFL and college coaches, professional baseball players, individual athletes in other sports, and other sports-related clients, including broadcasters, with regard to individual contract negotiations, marketing/commercial endorsements, and other client services.
The firm’s core expertise involves the representation and management of athletes and coaches associated with the NFL, a sports league, which boasts a popularity and economic scale that is unparalleled even among the four major professional sports leagues in the US. Its championship game, the Super Bowl, holds nine out of the top ten rankings for the most watched television broadcasts in the US.
Athletes First has more NFL clients than any other privately-owned representation agency including the reigning NFL MVP Aaron Rodgers, as well as several other high-profile NFL players including Clay Matthews, Carson Palmer, Earl Thomas, Von Miller and Jamaal Charles. Athletes First also represents ESPN broadcasters Steve Young, Ray Lewis, and Trent Dilfer, as well as NFL head coaches Chip Kelly and Jason Garrett.
The Dentsu Group has to date been involved in business with sales of marketing and broadcasting rights for professional sports leagues in the US, and the investment in Athletes First will enable it to expand its array of services to its client base in terms of sports marketing and related endeavors in the United States.
Going forward, Dentsu will work toward the further expansion of Athletes First’s agency business and the diversification of its sports representation, sports marketing and consulting business across the United States, and internationally as well.
MAM
Karnataka clears Rs 4,824 crore investment projects across 13 districts
37 new industries approved, projects expected to create 14,525 jobs.
MUMBAI: If investment is the fuel of economic growth, Karnataka has just stepped on the accelerator. The Government of Karnataka has approved industrial projects worth Rs 4,824.31 crore, a move expected to generate 14,525 new employment opportunities across the state, according to a report by Press Trust of India. The approvals were granted during the 158th meeting of the Karnataka State Level Single Window Approval Committee, chaired by state industries authorities.
Karnataka industries minister M B Patil said the committee cleared 37 new industrial proposals and two additional investment projects spread across 13 districts, including Vijayapura, Bagalkote, Chitradurga, Kolar and Ramanagara.
The projects span a wide range of sectors such as information technology infrastructure, sugar manufacturing, technical textiles, compressed biogas, aerospace, jewellery manufacturing, electronics, software services and hospitality, including five star hotel development.
Patil said the diverse mix of industries reflects Karnataka’s strategy of attracting investments across both traditional manufacturing sectors and emerging technology driven industries.
Of the total proposals cleared, 22 projects fall under the large and medium industry category, each involving investments of more than Rs 50 crore.
Together, these projects account for Rs 3,908.68 crore in investment and are expected to create approximately 12,475 jobs.
Another 15 projects are classified as new industrial ventures with investments ranging between Rs 15 crore and Rs 50 crore. These projects collectively represent Rs 350.60 crore in investment and are expected to generate around 1,750 jobs.
In addition, the committee approved two further projects worth Rs 565.03 crore, which are expected to create about 300 employment opportunities.
Among the notable proposals cleared by the committee is a major information technology infrastructure development project by Bagmane Constructions Private Limited with an investment of Rs 494.65 crore.
Another significant project involves Karnataka Bangaru Sugars Pvt Ltd, which received approval to establish a sugar manufacturing facility worth Rs 443.50 crore.
In the textiles sector, Kleine Pax Ltd secured approval to set up a technical textiles manufacturing unit involving an investment of Rs 376 crore.
The hospitality sector also saw a major proposal, with Trishul Buildtech and Infrastructure Pvt Ltd receiving approval to develop a five star hotel project worth Rs 300 crore.
Meanwhile, the state also cleared a compressed biogas production facility by Troult Grass Pvt Ltd involving an investment of Rs 257.77 crore in Mudhol.
In the electric mobility segment, Tsuyo Manufacturing Pvt Ltd has been approved to set up a motor and controller manufacturing facility for electric vehicles, with an investment of Rs 250 crore.
Officials said the distribution of projects across multiple districts is expected to strengthen regional industrial development and expand employment opportunities beyond the state’s established technology hubs.
With the approvals spanning sectors from traditional manufacturing to next generation technologies, Karnataka aims to reinforce its position as one of India’s leading investment destinations while supporting job creation across diverse industries.
