LAFC co-owner Larry Berg has been named Major League Soccer's next commissioner, with league owners selecting an insider from one of its most successful franchises to drive the league's next phase of growth and commercialization.
The move is expected to fast-track sponsorship pipelines, media rights talks and further expansion plans worth hundreds of millions of dollars as MLS seeks to cement its place among global sports properties.
In Asian news, India's central bank held its benchmark repo rate steady at 5.25% for the fifth consecutive meeting Wednesday as headline retail inflation rose to an 18-month high of 4.38% in June, driven by fuel and food prices linked to surging global oil costs. Governor Sanjay Malhotra said greater clarity on the inflation path is needed before any policy shift, with core inflation projected to climb toward 4.7% by March 2027.
In the western Himalayas, at least 28 people were killed in mid-July when cloudbursts, flash floods and landslides devastated remote mountain villages in Indian-administered Kashmir. In Murrah village, Poonch district, survivor Haji Mohammad Latief lost eight family members when a pre-dawn torrent buried his home; rescuers searched debris and rivers by hand after roads were destroyed. Scientists say rising temperatures are increasing the frequency of such extreme rainfall events, heightening risks for Indigenous pastoralist communities.
This is the 12:00 AM Central VixShield flash.