CVC for Club World Cup Rights

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CVC Capital Partners is an equity firm held talks with football’s worldwide administrating committee FIFA on acquiring rights to redone Club World Cup, which is a tournament of top continental teams. The report by Financial Times also stated that CVC is talking over the funding of the event in a deal that will give it television rights, which can then be sold to broadcasters for viewing worldwide. The Club World Cup is an event that currently has seven teams and is hosted every December, but in 2021, it will have 24 teams and will have its first edition in China. This was opposed by European clubs, who claimed that there is no place for expanded events in international calendars. According to the report, the bid for commercial rights to Club World Cup, which was done by many corporates, will be announced this week. Real Madrid president Florentino Perez approached CVC executives with a proposition of creating a rival annual competition wherein the top clubs from around the world will be participating. The report also included another proposition that was being considered, which would have two leagues of 20 teams each, with eight teams being the founding members of the World Football Club Association. This is not CVC’s first try into sports. Rather, they have owned Formula One from 2006-2017 and also expressed interest previously in MotoGP. CVC is also currently investing in rugby union and owns a minority stake of about £200 million and also has a stake in Pro14 of about £120 million.

 

 

 

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The winner of the title Mr. Pune 2009, Mr. Shreyas Tanna is currently the young, dashing, and dynamic CEO of a market research company called ResearchNReports in Pune. Fondly known as RNR, the company specializes in market research as well as industry analysis, and is closely associated with its parent company Absolute Market Insights (AMI). Mr. Shreyas Tanna began his corporate journey as the Head of Corporate sales & PR at RED Entertainment while pursuing his degree for MMS (Marketing) from the MGM College of Management, Mumbai. After accomplishing the tedious task of balancing his work and education, he further polished his skills in Corporate Sales, Public Relations, Channel Development, Global Client Engagement, Strategic Consulting, and Brand Development by working with HDFC Life and Researchmoz Global Pvt. Ltd. His dedication towards his work has even won him accolades such as the National Level Performer 2013 – HDFC Life and Mr. Research Moz 2015. A disciplined individual with a loving heart, he is often seen taking crisp walks with an engrossed look and a gentle smile within the premises of his company to interact with the various departments. And he will be usually followed by an adorable trail of his beloved trio of Shih Tzu babies proudly known as Gucci, Drake, and Paris. The most enticing thing that you will notice about this content and proud pet parent is his infectious positivity and the firm belief in his eyes, a reflection of his favorite quote, “LIFE IS BEAUTIFUL!”