Sports
The NFL is open to private equity team ownership of up to 10%, Commissioner Roger Goodell says
Roger Goodell, Commissioner of the NFL, after the morning-session at the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho. Kevork Djansezian | Getty Images The National Football League is considering allowing minority private equity ownership for its 32 teams of up to 10%, Commissioner Roger Goodell said in an […]
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More people than ever expected to bet on Summer Olympics after U.S. legal gambling boom
The Olympic Rings being placed in front of the Eiffel Tower in celebration of the French capital won the hosting right for the 2024 Summer Olympics. Sopa Images | Lightrocket | Getty Images Sportsbooks and daily fantasy operators are preparing for a Summer Olympics bump. The games in Paris, set to start July 26, will […]
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Audi strikes multiyear partnership with MLS’ Inter Miami CF
Volkswagen-owned Audi has struck a multiyear partnership with Inter Miami CF as the team’s official automotive partner. Courtesy: Audi Audi is driving up its sports investments and becoming the official automotive partner of Inter Miami CF. The Volkswagen-owned company announced Thursday it has struck a multiyear partnership with the South Florida soccer club as Audi […]
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Media, tech titans head for Sun Valley with streaming alliances top of mind
A view of the Sun Valley Lodge in Sun Valley, Idaho. Drew Angerer | Getty Images Media and technology titans will convene in Sun Valley this week to lay the groundwork for the future of streaming — and for potential alliances. Allen & Co.’s annual conference, often referred to as “summer camp for billionaires,” kicks […]
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Nathan’s hot dog contest crowns Bertoletti, Sudo after Joey Chestnut debacle
Patrick Bertoletti, Geoffrey Esper and other contestants compete in the 2024 Nathan’s Famous Fourth of July International Hot Dog Eating Contest at Coney Island in New York City, U.S., July 4, 2024. Jeenah Moon | Reuters There’s a new top dog in the frankfurter eating world. Patrick Bertoletti won Nathan’s Hot Dog Eating Contest, the […]
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Women’s soccer draws private-equity interest as team valuations soar
Women’s soccer is bringing private equity off the sidelines. While other major U.S. sports leagues – Major League Soccer, the National Basketball Association, Major League Baseball and the National Hockey League – have allowed private equity investors to take passive, minority stakes, only the National Women’s Soccer League has allowed these firms to take majority […]
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Concerns grow over gambling addiction in the military
Sinenkiy | Istock | Getty Images In the wake of 9/11 on an American military base in South Korea, then-Army Staff Sergeant Dave Yeager sat down at a slot machine operated by the Defense Department and made what he now calls the biggest mistake a budding problem gambler can make: He won. “All that stress, […]
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Florida Panthers games are moving from cable to local broadcast stations
Sergei Bobrovsky #72 and the Florida Panthers celebrate the Stanley Cup win following a 2-1 victory over the Edmonton Oilers in Game Seven of the 2024 NHL Stanley Cup Final at Amerant Bank Arena on June 24, 2024 in Sunrise, Florida. Bruce Bennett | Getty Images Sport | Getty Images The Florida Panthers are skating […]
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NFL, RedBird joint venture EverPass lines up ‘Sunday Ticket’ streaming in bars, restaurants
Football fans watch the NFL Super Bowl XLVIII game between the Denver Broncos and the Seattle Seahawks on at a sports bar in New Jersey on February 2, 2014. Cem Ozdel | Anadolu Agency | Getty Images A satellite dish is no longer the only way bars and restaurants can air the National Football League’s […]
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Boston Celtics’ majority owner puts team up for sale weeks after NBA championship
A “Believe In Boston” flag flies during the duck boat parade celebrating the team’s 18th NBA championship. Stan Grossfeld | Boston Globe | Getty Images The National Basketball Association champions are up for sale. The Boston Celtics’ ownership group announced Monday that it plans to sell the team, according to a statement posted to the […]
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