Ballmer Tops NBA Owners with $125B Net Worth
Ballmer is by far the NBA's richest owner at $125 billion, per @Forbes. Next up is Miriam Adelson at $35 billion.
Wrexham Adds Apollo Partner Lee Solomon to Board
Wrexham appoints Apollo Global partner Lee Solomon to its board of directors. Apollo invested in Wrexham at the end of 2025. https://t.co/Lg4ot9to6y
Mercedes AMG F1 Sweeps Season, Sets $223M Profit Record
The @MercedesAMG F1 team is dominating on the track, sweeping the first 6 races of the season. It is also scoring off the track, posting an F1-record $223 million in operating profit. Full breakdown 👇 on the team's 2025 financial...
Knicks, Rangers Poised for Separate Public Listings
Good breakdown on the likely Knicks, Rangers split into 2 public companies from @BrandoLightShed, who has been covering Knicks, MSG, Dolan for 15+ years.
Knicks Jersey Patch Pushes Abu Dhabi Despite Travel Warning
▪️The Knicks jersey patch promotes Abu Dhabi visits ▪️The U.S. government says don't visit Abu Dhabi right now @novy_williams digs into one of the NBA's most lucrative jersey patch deals for @Sportico. https://t.co/Ub7vhhAoHd
Padres Thrive Financially While Marlins Lag in Revenue
The Marlins very much sit on the opposite end of MLB's financial spectrum compared to the Padres, who fetched $3.9B in a control transaction. Padres: #2 in attendance, $530M in gross revenue Marlins: Last finished better than 27th in attendance in 2012....
Marlins Sell 15% Stake, Valuing Franchise at $1.55 B
SCOOP: MLB’s Miami Marlins recently sold a roughly 15% stake in the franchise to pay down debt. The deal valued the club at $1.55 billion. Details 👇 at @Sportico. https://t.co/tpPaDyY64j
Insurance Giant Buys
Last month, the Haslams and Nationwide secured the NWSL's 18th franchise. Now, the insurance giant is buying a 37% stake in the Haslams' MLS club at a $900M valuation. Details 👇 at @Sportico. CNBC's @MikeOzanian 1st on news. https://t.co/beRBEGjCqk
Championship Playoff Win Worth Up to $490 Million
Saturday's Championship Playoff Final is often dubbed the "World's Richest Game." Deloitte Sports Business estimates the winner will get a $275 million revenue bump. A 2nd year in the Premier League would push the gain to $490 million. https://t.co/KW6ka7tmTs via @sportico
Knicks, Rangers Filing Split to Unlock $13.5B Value
The proposed business split of the Knicks & Rangers took its next step Monday with a Form 10 SEC filing. The goal is to unlock shareholder value for teams worth a combined $13.5 billion, per @Sportico's latest valuations. https://t.co/TzpyOgqWvw
Ryan Reynolds Steers Co‑owned SailGP Team to Bermuda Victory
Ahead of the race, Ryan Reynolds got behind the wheel of the @SailGP team he co-owns with Hugh Jackman. His @BondsFlyingRoos team won the event in Bermuda. “The most insane thing I’ve ever experienced,” Reynolds said. https://t.co/nFug3IeI5k
Long-Term Spread Makes $50M Fee Boost ROI
ROI is even better than appears, as the $50 million fee is spread out over 10 years.
76ers Ownership Revealed: Harris Leads, Will Smith Holds 0.1%
The 76ers are looking to complete comeback from down 3-1 vs Celtics. The club's recent approval for a WNBA team gave a window into 76ers ownership breakdown: Josh Harris: 32.8% David Blitzer: 30.1% Arctos: 15.1% Marc Leder & Rodger/Hillary Krouse: 11.4% David Adelman: 5.6% Martin...
Rookie Deals Now Outpay 2025 No. 1 Pick
Last night's top four picks will all make more in their rookie deal than 2025 No. 1 pick Cam Ward. Before 2026, the last NFL draft pick with a $50 million guarantee was 2010 for Sam Bradford. 📈: @LevAkabas https://t.co/MOvjzJmWNd
Mendoza's $57.3M Rookie Deal Amid 18.5% Bonus Surge
NEWS: Lots of reports on what what Fernando Mendoza will earn in his first NFL contract. Correct # is $57.3M over first 4 years, with a 5th-year option. Rookie signing bonuses are up 18.5% from 2025, 2nd biggest jump ever....