Latest Sports Breaking News
July 29, 2022
LeBron James’ investment group invests $30M in Canyon Bicycles
Canyon Bicycles announced that two investment groups have taken strategic equity investments totaling $30 million in the Germany-based company. One of the groups, LRMR Ventures, is the investment group of basketball star LeBron James and James' longtime friend and business partner Maverick Carter. The other new investor is SC Holdings, which...
July 28, 2022
UCI suspends continental team’s licence due to doping investigation
The sanction has been imposed in response to information received by the UCI from the Portuguese Anti-Doping Authority, which is conducting the doping investigation. Consequently, W52-FC Porto cannot compete in races, and will therefore miss the Volta a Portugal next month - a race the team has won every year...
July 26, 2022
Sidi Sports bought by Italmobiliare for € 66 million
Sidi Sports, makers of cycling shoes worn by multiple cycling champions across CX, road, MTB and track, have been acquired by one of Italy’s leading investment holding companies. Italmobiliare manages a diversified portfolio of investments with a Net Asset Value of more than 2 billion euro. The business reports that the...
July 26, 2022
Adidas Slashes Outlook for Q2, Citing Slow Recovery in Greater China
The German sportswear brand on Tuesday said its recovery in Greater China has been slower than it expected since Q3 began, due to persisting Covid-19 restrictions. As such, Adidas said it expects revenues in Greater China to decline at a double-digit rate through 2022. Footwear News
July 26, 2022
Shimano’s Sales Expand 15 Percent In First Half
Shimano Inc. reported net income increased 22.4 percent in the first half ended June 30 as sales grew 14.7 percent. Sales reached ¥303,686 million, up against ¥264,694 million. Operating income increased 15.7 percent to ¥80,909 million and ordinary income advanced 24.7 percent to ¥92,123 million. Net income increased 22.4 percent...
July 23, 2022
As Europe’s heat wave melts roads, Tour de France races into an uncertain future
The Tour de France has always been a test of human endurance. The cyclists cover epic distances over the course of three weeks, speeding past fields of sunflowers, bouncing along cobblestone roads and climbing dizzyingly steep mountains with frightening corkscrew descents. Washington Post
July 23, 2022
How to Make More People Fall in Love with Track and Field
In the lead-up to this week’s World Championships in Eugene, Oregon, USA Track and Field president Max Siegel said that he hoped the event would be a catalyst to enhancing the sport’s domestic popularity. The goal, according to a story in the Los Angeles Times, is to make track the...
July 22, 2022
‘Lack of Support’ Shutters 2022 North American Handmade Bicycle Show; ‘MADE’ Show to Debut in 2023
Organizers canceled this year’s North American Handmade Bicycle Show (NAHBS) on July 20 after nearly a year of anticipation for its post-pandemic return. Primary organizer Don Walker announced that an unexpectedly low number of commitments from exhibitors had led to the decision. Gear Junkie
July 21, 2022
London Marathon changes policy for pregnant and postpartum participants
London Marathon Events has made immediate policy changes to make the event more inclusive. Participants who are pregnant or postpartum – including general entry participants and participants with a Good For Age or Championship place in the 2022 TCS London Marathon on Sunday 2 October – will now have the opportunity to...
July 21, 2022
Chris Froome out of Tour de France with COVID-19
The four-time Tour de France champion pulled out of cycling’s biggest race after testing positive for COVID-19. In a video message, he said he will take a few days off and refocus on competing at the Spanish Vuelta next month. yahoo!