JJB Sports' proposal to raise £65 million (€73.1m-$108.3m) was approved at its general meeting this week. This means the company will place 162.5 million shares, using the proceeds to help go forward with its reorganization.
A new federally regulated product lets the US sports betting giant bypass state licensing — and add 126 million potential customers overnight.
Adidas locks in its turnaround architect through 2030 while preparing a major shift in supervisory board leadership.
Founder Chip Wilson has gone public again after 70 days of silence from the board, with a letter demanding a director overhaul and a Brand Product Committee.
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