Sports
Adidas signs first NIL deal with girls’ high school basketball player
Adidas has signed Kaleena Smith as the bradn’s first NIL high school basketball player. Adidas has signed one of its youngest female athletes yet. The German sports apparel brand on Thursday announced the signing of Kaleena Smith as its first high school girl’s basketball partner under a name, image and likeness, or NIL, deal. Smith, […]
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Amazon Prime Video to stream Diamond regional sports networks
Sopa Images | Lightrocket | Getty Images Diamond Sports reached a deal with Amazon’s Prime Video that will allow its 16 regional sports networks to be made available on the streaming platform. As part of the deal, Diamond’s networks will be made available as an add-on subscription to Prime customers living within each team’s designated […]
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Planet Fitness loses 11th hour bid to acquire bankrupt Blink
In an aerial view, customers leave a Planet Fitness gym on May 09, 2024 in Richmond, California. Justin Sullivan | Getty Images Planet Fitness lost its bid in bankruptcy court to acquire budget fitness chain Blink Holdings, according to court filings viewed by CNBC. Planet Fitness placed its competing eleventh hour bids early this month […]
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The multibillion-dollar battle to host an F1 race is heating up
Who will win a 2026 Grand Prix? Four circuits are vying for contract extensions, Thailand and South Korea have both submitted bids, while India, Rwanda, and numerous other countries are reported to be developing the infrastructure to secure a slot on the F1 calendar. The competition is so fierce that these bids often transcend sport. […]
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Local impact: The multimillion-dollar payoff to hosting an F1 Grand Prix
Securing a spot on the coveted Formula One calendar packs an economic punch for its host city. The most financially successful event to date was the first-ever Grand Prix in Las Vegas, which generated close to $1.5 billion in economic value, according to local officials. The figure, which included visitor spending, job creation and tax revenue, […]
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MLB, Braves object to Diamond Sports reorganization plan, question company’s future viability
A Major League Baseball logo at Angel Stadium in Anaheim, California, May 22, 2022. Ronald Martinez | Getty Images Major League Baseball and the Atlanta Braves have raised issues with the reorganization plan and future viability of Diamond Sports Group, the country’s largest owner of regional sports networks, according to a Friday bankruptcy court filing. […]
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Philadelphia Phillies capital raise values the team at around $3 billion
Philadelphia Phillies Managing Partner and Principle owner John Middleton signs autographs prior to the 2024 London Series game between the New York Mets and the Philadelphia Phillies at London Stadium on Sunday, June 9, 2024 in London, England. Daniel Shirey | Major League Baseball | Getty Images The Philadelphia Phillies recently raised close to $500 […]
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Is this the world’s ‘coolest hotel room’ for baseball fans? Go inside to see the view
The 2024 World Series may be over, but that won’t stop baseball fans from searching for their next ballpark fix. But forget touring a stadium — this one lets you sleep inside it. Es Con Field Hokkaido is a stadium on the Japanese island of Hokkaido with a grass field, retractable roof and space for 35,000 spectators. But […]
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The race to sustainability: Inside Formula One’s biggest challenge yet
Can Formula 1 ever be green? CNBC’s “Inside Track: The Business of Formula One” takes you inside F1’s race to sustainability, the sport’s biggest challenge yet. Formula One is a global sport with a hefty carbon footprint. “When you think about F1, you think about speed, you think about innovation, you think about efficiency,” Ellen […]
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Morgan Stanley is launching an investing index tied to sports leagues
The Morgan Stanley headquarters in New York on Dec. 27, 2023. Angus Mordant | Bloomberg | Getty Images Morgan Stanley is introducing a new portfolio for investors tied to the most prominent sports leagues. The investment bank’s wealth management division on Thursday announced the launch of what it is calling Parametric Custom Core Sports League […]
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