Sports
CNBC’s Official NHL Team Valuations 2024: Here’s how the 32 franchises stack up
The National Hockey League is commanding more respect when it comes to team values. The average NHL team is worth $1.92 billion, according to CNBC’s Official 2024 NHL Valuations, and recent transactions come at revenue multiples that rival deals done in Major League Baseball. What accounts for the league’s ascension? Steady revenue growth combined with […]
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Mike Tyson, Jake Paul fight was the most-streamed sporting event ever, Netflix says
Mike Tyson (black gloves) fights Jake Paul (silver gloves) at AT&T Stadium in Arlington, Texas, on Nov. 15, 2024. Kevin Jairaj | Usa Today Sports Via Reuters Con Friday’s highly anticipated boxing match between former heavyweight champion Mike Tyson and YouTuber-turned-boxer Jake Paul will be remembered for more than its unique card. The bout shown […]
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LeBron James’ SpringHill to merge with ‘The Kardashians’ producer Fulwell 73
LeBron James, right, and Maverick Carter participate in a Q and A after the premiere of the STARZ original series “Survivor’s Remorse” in Los Angeles. Matt Sayles | AP Los Angeles Lakers star LeBron James’ entertainment business, SpringHill Co., has agreed to a merger of equals with Fulwell 73, the British television, film and music […]
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Jake Paul, Mike Tyson fight breaks record for biggest boxing gate outside of Las Vegas
(L-R) Mike Tyson, Nakisa Bidarian and Jake Paul pose onstage during the Jake Paul vs. Mike Tyson Boxing match press conference at Texas Live! in Arlington, Texas, on May 16, 2024. Cooper Neill | Getty Images The highly anticipated boxing match between Jake Paul and Mike Tyson has already secured its place in the record […]
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Diamond Sports reaches key milestone toward exiting bankruptcy
Jose Siri, #26 of Major League Baseball’s Houston Astros, steals second base as Dansby Swanson, #7 of the Atlanta Braves, is unable to handle the throw from Travis d’Arnaud, #16, in the eighth inning during Game 3 of the 2021 World Series at Truist Park in Atlanta on Oct. 29, 2021. Daniel Shirey | Major […]
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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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