Shorts: Qpr Bond, Img, Bwf, Peak6
QPR has announced that the QPR Bond, which was launched at the start of October, has reached its maximum allocation limit of £6,800,000 within ten days, making it the largest online bond in British football history.
More than 1,500 supporters and investors from 38 countries around the world backed the QPR Bond to help fund the new training ground at Heston. Having reached £6,800,000, the maximum allocation set for the bond, any applications made now will join a waiting list in case space frees up.
Proceeds from the bond will be invested into the development of QPR’s new training ground at Heston, which is expected to be fully open for the 2023/24 season. The facilities will include three first-team pitches and four academy pitches. The training ground building will house changing rooms, gym space, dining and recreation areas, medical and rehabilitation facilities, performance analysis room and classroom.
IMG has appointed broadcast professional Jo Ormston to the newly created position of Director of Business Development for its global production business.
In this role, Ormston will explore and develop content and programming opportunities for new and existing production clients while being based at IMG Studios at Stockley Park.
Ormston, who has her own production company, OrchestraBlue, has also worked with RedBull Media and World Sports Group and on four Olympic Games, winning the IOC Golden Rings Award at the 2012 London Olympics for host broadcast for sailing.
The Badminton World Federation (BWF) has extended its current partnership with HSBC bank by one year.
The banking giant will remain the Principal Global Partner and title sponsor of the BWF World Tour through to the end of the 2022 season. The extension comes after BWF conceded that the impacts of the Covid pandemic meant that it was necessary to extend its hosting contracts by an extra year.
The HSBC BWF World Tour 2021 season ends with a three-tournament Asian leg in Bali, Indonesia culminating with the HSBC BWF World Tour Finals from 1-5 December 2021.
US finance and technology firm PEAK6 Investments has acquired a minority share in Fosun Sports, the holding entity that operates Wolves and its associated brands and businesses.
The investment makes PEAK6 a new strategic partner to Wolves, who will help Fosun Sports accelerate the club’s growth in North America by providing capital, expertise, visibility, and activation opportunities for Wolves and Wolves Esports across the USA.
The formalisation of Fosun Sports provides clarity, collaboration and communication between companies that use the Wolves brand, such as Wolves Esports, Wolves Records and Chinese fashion brand WWFC, as well as a stronger platform for further investment opportunities and a clear sign of Fosun’s long term commitment to Wolves.
World Table Tennis (WTT), the commercial arm of the International Table Tennis Federation (ITTF), have confirmed the appointment of The Sports Consultancy as a partner to support them as they continue their host city recruitment process for top tier events.
The London based agency, who are renowned for delivering host city agreements for a range of major sporting and entertainment properties, will invite targeted cities to express their interest to host these action-packed events.
WTT expect their events to deliver more than $14.5m of economic impact for their hosts, attract up to 90% of spectators from outside the host economy and broadcast to over 135+ countries. In 2019, over 41 million viewers tuned in to watch the World Championships Men’s Singles Finals.
