A-Rod Moves Lynk Deal as Shrinking $80K-a-Month SPAC Perseveres
Alex Rodriguez’s special purpose acquisition company Slam Corp. has signed a definitive agreement to take satellite phone service Lynk Global public in an $800 million deal first broached in December....
View ArticlePackers Start Search for New CEO With Murphy Retiring in 2025
Green Bay Packers CEO Mark Murphy will step down from the organization in July 2025, as the executive hits the mandatory retirement age of 70. Murphy announced the move in his team blog, responding to...
View ArticleLas Vegas Super Bowl Stadium Tab Tests Taxpayers’ MLB Appetite
Before Allegiant Stadium was ever built, the city of Las Vegas expected this Sunday to come. One of the implicit rewards of building a new domed stadium for the Raiders was the likelihood of being...
View ArticleBU-Northeastern Beanpot Final Features NHL’s Top Pick
UPDATE: Northeastern beat BU 4-3 in overtime to win the Beanpot final. Monday night’s Beanpot hockey tournament final features Boston University—a school loaded with talent, including college hockey’s...
View ArticleArena Group Claims It Will Still Publish Sports Illustrated–for Now
Arena Group said in a regulatory filing that it expects to continue to publish Sports Illustrated despite having its license revoked last month by SI’s owner Authentic Brands Group. Arena “expects to...
View ArticleSports Streaming Venture Roils All but One Broadcaster Stock
Just over a week ago, ESPN, Fox and Warner Brothers Discovery announced plans for a stand-alone sports streaming service combining the offerings of the three networks into one bundle. Much of its...
View ArticleCitizens Moves Sports Finance Back to Regional Hubs
Citizens Financial Group is restructuring its sports finance operations to shift the business oversight to the bank’s regional hubs and away from national management. The bank, which has an extensive...
View ArticleWhat Is a NASCAR Charter and Why Are Teams Upset About It?
As NASCAR enters its 2024 racing season with the running of the Daytona 500 this Sunday, in many ways the circuit finds itself ascendant: NASCAR remains the most popular motorsports league in the U.S.,...
View ArticleSI’s Woes Swallowed Up by Authentic’s Fashion Brand Empire
The troubled outlook for Sports Illustrated is of big concern to its current publisher, Arena Group Holdings, which missed a year-end royalty payment and now faces the likelihood it will lose the...
View ArticleUFC Revenue Rises 13% as TKO Sees Early Benefits of WWE Merger
Live events and sponsorship money powered UFC to a 13% rise in 2023 revenue of $1.3 billion, as parent TKO Group Holdings reported its first full quarter as owner of WWE. TKO announced full-year...
View ArticleMan United Hits 18-Month Low as Sports Stocks Battle Mixed Outlook
It may have been Jim Ratcliffe’s dream to own a part of Manchester United, but overpaying for a minority stake in the business probably wasn’t. To gain a 27.7% stake in the world-famous club—with...
View ArticleWWE Founder Vince McMahon Selling $400M in TKO Group Shares
WWE billionaire Vince McMahon is selling more than $400 million of TKO Group shares Monday, less than six months after he sold the wrestling company to Endeavor Group Holdings, which combined WWE with...
View ArticleFubo CEO Gandler Says Sports TV Fee ‘Bullying Has Got to Stop’
Overlooked in the sports streaming upheaval is that Fubo is one of the better-managed businesses in the market. In their most recent quarters, much larger Paramount, Comcast, Fox and even Disney’s ESPN...
View ArticleGenius Sports Sales Rise 21% on NFL Betting, Stock Drops
Sports data and analytics firm Genius Sports’ revenue rose 21% to $413 million in 2023, a jump powered by betting on NFL games, with in-play wagering growing particularly strong, according to the...
View ArticleSports Tech Sees Record $37 Billion Deals in 2023, Drake Star Says
The sports tech sector had a record 2023, with more than $37 billion in deals and $7 billion in new money raised for investment funds, according to a new report from investment bank Drake Star to be...
View ArticleGenius Sports Negotiating to Extend UK Soccer Data Rights
Sports and analytics provider Genius Sports is negotiating to extend its official data rights for English and Scottish soccer leagues into 2029, according to a release from the company Tuesday....
View ArticleWWE, Man United Owners Win Big on 2023 Deals as Few Others Profit
As the dust settles from the completion of the most anticipated sports business deals of 2023—the sales of WWE and Manchester United—analysis of stock data shows the sellers collected more than $2...
View ArticleFubo Shares Jump on Orioles-National RSN Deal
Shares of sports-centric streaming service Fubo jumped 10% early Wednesday on the news of a deal for the streamer to carry the regional sports network of the Baltimore Orioles and Washington Nationals....
View ArticleSportradar Founder Carsten Koerl to Sell $35 Million in Shares
Carsten Koerl, the founder and CEO of sports data and analytics pioneer Sportradar, has filed to sell 3.5 million shares of the company, according to a filing with the Securities & Exchange...
View ArticleWomen’s Basketball Hosts Get Home Edge While NCAA Keeps the Cash
Sunday night’s selection for the women’s edition of March Madness comes with a unique advantage the men don’t get: For the first two rounds, the top 16 seeds will play on their home courts. Home-court...
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