IMG

Formula One racing owner CVC Capital has reportedly joined forces with an investment group headed by former News Corporation COO Peter Chernin to make a $2 billion bid for IMG.

Sports marketing agency IMG has acquired the business-to-business network platforms Golf Business Forum (GBF) and the Golf Business Community (GBC) from KPMG.

IMG Tennis has purchased The AAMI Classic from Colin Stubs Enterprises that started the event in 1988 in partnership with the Kooyong Lawn Tennis Club (KLTC), which will now be equal partners with IMG.

IMG Golf North America has appointed Mike Scanlan as its director of public relations and communications.

Sports sponsorship and strategy firm MediaCom Sport has launched its first Asian office based in Singapore, which will be headed up by managing director Jin Wei Toh.

Agency IMG Golf has announced the appointment of Russell Hannah as director of operations with responsibility for golf clubs in the EMEA (Europe, Middle East and Africa) region.

IMG has today announced its signing of the women’s fifth-ranked golfer Yani Tseng.

CVC Capital Partners, part owner of Formula One motor racing, is reportedly planning a $2 billion takeover bid of media rights agency, IMG Worldwide, according to Sky News.

A judge has ruled that the bidding process for the operating rights of Rio de Janeiro’s Maracana stadium was unfair and has suspended the contract with bid winners IMX.