Judge Questions Financial Impact of Yankees‑Red Sox Game
"Would the Yankees beating the Red Sox have a potential financial consequence?" asks a judge in today's Kalshi hearing; Kalshi lawyers argue that the outcome of every game impacts team valuations, and that Kalshi users are hedging sports-related outcome financial risks
FANZO UK Deploys $30M Tech to Locate US Fans
no idea where your games are, or where your community of fans is watching; @FANZO_UK wants to use its tech and a 30m investment to help you in the US now, per @DigSportsDesk & @sbj #sportsbiz #sportstech https://t.co/nnXL4xmTFX https://t.co/9qUv1LEpRv
Satou Ohtani Secures Sweet Deal for Liberty
Just call her Satou Ohtani because she just hooked up the Liberty with a sweet deal.
Judge Rejects Crypto.com Claim, Boosts Nevada Regulators
Good news so far for Nevada regulators: early in today's Prediction Market hearing, federal Judge Ryan Nelson has aggressively pushed back against Crypto dot com's legal claims that sports event contracts are not sports bets
Clarence Seedorf Joins Fox Sports World Cup Panel
SOME NEWS: Clarence Seedorf will join Fox Sports as a World Cup studio analyst. He joins Rebecca Lowe, Thierry Henry, Zlatan Ibrahimović and Javier (Chicharito) Hernández as Fox has brought in some interesting people to enhance its coverage. STORY FOR @SBJ: https://t.co/UO7DiAyqLA
College Football Revenues Far Below $100M Myth
Guys, Clemson and FSU football don’t generate 100M in revenue….total. There are SEC schools that barely clear that figure. The only way those roster numbers happen in this system is if a billionaire decides to just flush away a fortune....
Sportsbook Odds and Prediction Markets Look Identical
The most convincing argument in a human, "I-know-it-when-I-see-it" sense would be to put the side-by-side screenshots of a major online sportsbook and a prediction market sports event contract. With the US betting odds display, a "reasonable" person can't tell the...
Rays Stadium Funding Eyed From Promised‑off Sales Tax, Disaster Funds
Sources of public money for a Rays stadium may include sales tax money that voters were told wouldn't be used for stadiums, catastrophic/disaster response funds, property taxes from the area around the proposed stadium, and reply hazy, ask again later....
Texas Tech Endowment Backs Loans to Lower‑tier European Clubs
So the Texas Tech system endowment has invested in an asset manager that can access ~20% of its $6 billion in AUM to loan money to smaller soccer club near the bottom of Europe's top leagues?? Fascinating read from @JustBirny at...
Cruz Leads Senate Hearing on Boxing Industry
Ted Cruz's Senate Commerce Committee is holding a hearing on boxing next week. Nick Khan and Oscar de la Hoya are on the witness list. https://t.co/r6bCXE2fPc
America's Downtowns Dying as Gambling and Disaster Betting Surge
✍️ Longform links: the rise of sports gambling, betting on catastrophes, and the death of American downtowns. https://t.co/HLca0vRQk0 image: https://t.co/Ua0vpTHTtk https://t.co/g7AAxnTZyt
Hornets Partially Funded by Main Street Sports for Local Rights
One little piece of news that I’ve learned from sources: The Hornets have partially, but not fully, been paid by Main Street Sports for their local rights this season. Shelly and I discuss the Hornets’ broadcast plans for next season here: https://t.co/tJJ8MQjPnK
ESPN Pushes WrestleMania, Featuring Pat McAfee in Main Event
ESPN is going all out to promote WrestleMania and Pat McAfee is in the main event picture https://t.co/3Uq1PRUowD https://t.co/2MNSlTJYpw
Hornets' Rise Driven by Strategy, Not Luck
The Charlotte Hornets are an NBA darling this year. I spoke with their president of business operations, who told me how they’ve done it. She says it’s not luck. https://t.co/dA7RU69Or9
Caitlin Clark's Return Could Spark WNBA Viewership Surge
One media-centric thing I would watch for this year with the @WNBA. The @IndianaFever should be title contenders and Caitlin Clark will be healthy. Her absence impacted viewership last year in the network windows where the league would have gotten...
PIF Unveils 2026‑2030 Strategy, Shifts From Sports Deals
Saudi Arabia's sovereign wealth fund, PIF, just announced its plan for 2026-2030. Here's how it describes its upcoming strategy vs. the one under which it launched @livgolf_league and bought @NUFC 👇 https://t.co/aUUe1Uv48f
DraftKings to Debut iCasino, Sportsbook in Alberta July 13
As expected, DraftKings plans to launch it's iCasino and sportsbook in Alberta July 13, the company announced today
NFL and YouTube Negotiate Five‑game Long‑form Deal
Glass Break: the NFL and YouTube have entered long form contract review for a 5 game package, @fos has learned https://t.co/dCPyJagt5v
New Stadium Plan Promises Change From Costly Subsidies
People of Kansas City, pay no attention to the existing taxpayer-subsidized stadium district that bleeds red ink. 🎶 This one will be different 🎶 https://t.co/5X4zhaiOYa
TMRWSports Once Owned 54% of TGL, Now Expanding Partnerships
.@TMRWSports held 54% of the TGL equity when the golf league launched a few years ago. That may have changed via expansion, but there's also WTGL and a new flag partnership with the @NFL
Iran War Dampens Middle East Sports Investment, Study Finds
THE question in #SportsBiz LIV, NBA Europe: Has the Iran War Curbed Middle East Sports Spending? https://t.co/L9xulTPcIF via @sportico @novy_williams
Tax Dollars Funding Stadium Arms Race in Tampa
Spending tax money to upgrade Tampa's football stadium so it can compete with a new Tampa baseball stadium built with tax money may seem like an odd way to run a railroad, but this is where we are. https://t.co/GGqVpl2tCV
Wisconsin Bill Guarantees Free Packers Access, Bans Blackouts
D.C. Memo: @SenatorBaldwin Bill Would Guarantee Free Access Throughout Wisconsin to Watch @NFL Packers; Wisconsin Democrat’s For the Fans bill would also ban league-owned streaming services from blacking out certain games on their platforms https://t.co/Y0AQyWATYG
Ohio Lawmakers Waste $100M on Haslam Family
Elected representatives are tossing another ~$100 million of Ohio taxpayer money to the Haslams (net worth $10 billion). We don't know exactly how much because government officials are too negligent to find out. I guess access to the owner's suite...
Brook Park Council Prepares Vote on Browns Stadium Deal
Brook Park Council moves toward vote on first part of stadium deal with Browns https://t.co/GEj5lVYVMP
IMG Appoints Barney Francis as CBO After Guinness Departs
Chris Guinness Leaving IMG After 30 Years, Barney Francis Named Chief Business Officer of Sports Marketing Agency https://t.co/9UyQoyGDXx via @variety
Current NHL-to-Atlanta Proposals Are Impossible, Utterly Unrealistic
There is zero chance of this happening. None of the current NHL-to-Atlanta proposals are feasible. This is silly.
Booster-Backed NIL Deals Face Scrutiny; Know Valid Business Purpose
Every booster-backed business paying athletes is going to face additional scrutiny. What is a valid business purpose in an NIL deal, and what kinds of deals don’t qualify? I walk through this in my book NIL 101: The House Settlement Currently 40% off https://t.co/yBVisUkFCL https://t.co/VpmFopICjh
Arsenal Tops English Clubs in Champions League Earnings
Arsenal might not have qualified for the Champions League semi-finals in the most exhilarating manner, but they've still earned around £108m from the competition to date. Other English clubs: Liverpool £95m, Manchester City £84m, Chelsea £80m, Tottenham £73m and Newcastle...
PSG's 2024/25 Financials Shine After Trophy-Laden Season
As Paris Saint-Germain once again dazzle on the European stage, a review of their financial results for the 2024/25 season, when they won the Champions League, the UEFA Super Cup, a 13th Ligue 1 title and a 16th Coupe de...
Major Sports and Entertainment Updates:
#ICYMI •Report: #PIF may end #LIVGolf funding •Fed jury: #LiveNation/#Ticketmaster operated as monopoly •#MLBPA fire James+O'Neill for cause •McGonigle-#Tigers re-up •Robinson+Kustok+Miller-#NBC #WNBA •#UCL: #BayernMunich+#Arsenal adv •Moore-#Tyrant •#NCISNewYork spinoff
Fulham's Revenue Rises, but Losses Surge to £85 Million
Fulham complete the set of Premier League Clubs accounts for 2024/25 🔑figures ⚽️Revenue £195m ⬆️7% ⚽️Wages £167m ⬆️8% ⚽️Wages 85% of revenue ⚽️Average weekly wage £79k ⚽️Highest paid director £1.59m ⬆️18% ⚽️Underlying loss £85m ⬆️23% ⚽️Player sale profits £41m ⬆️25% ⚽️Pre tax loss £44m ⬆️37% ⚽️ Accumulated losses over...
Polar Park Sparks Growth, City Funds Nearby Development
Polar Park was such an economic development catalyst that the city has to subsidize development around it. https://t.co/wAf3LC0MZj
FanDuel Pursues Prediction Market Contracts Independently of CME
"new FCM would be wholly owned by FanDuel with no CME involvement [...] The new registration, if and when approved, may simply give FanDuel some optionality..." FanDuel Registers New Interest In Prediction Market Contracts, Without CME Involved This Time https://t.co/EGMyrzBKpX
Public Stadiums Are Fundamentally Flawed, Despite Vocal Opposition
There's no better way to know that you're right about something than experiencing a day of people telling you you're wrong, and no one provides a single piece of credible evidence (lots of namecalling, though). Folks, the case for public...
Saudi Funding Jeopardized as Fanatics Insists on LA Move
Glass Break: Saudi funding for the Fanatics-Tom Brady flag football event is in peril, sources told @FOS. The sides were at odds over moving event from Riyadh to LA. Fanatics plans to continue event regardless of if Saudis fund in...
Saudi Fund Mulls LIV Golf Funding Cut, No Decision Yet
Saudi Arabia's sovereign wealth fund is considering cutting its funding of LIV Golf, but nothing has been decided yet The competing golf tour has dished out quite a bit of prize money in just four years 💰 https://t.co/oUquuFeZvS
College Stars Turning Brands Boost WNBA Draft Interest
These are all very good signs for the league. I imagine Austin agrees with me but the best women's college players are becoming brands of their own, plus developing massive social followings. So that should correspond to more interest in...
ESPN's WWE Push Marks Major Win for Ari Emanuel
WWE and its PR staff has always worked hard to get cross-over coverage in mainstream outlets. I say that as someone who benefitted from this working at SI and The Athletic. PR would always cater to what you needed. It's...
PIF's $5B LIV Spend Raises Sustainability Questions
PIF has spent more than $5B on LIV. At some point, even a sovereign fund with roughly $1T in assets has to figure out when enough is enough. https://t.co/XKRk28yK9E
Liv Golf's Spark Adds $79M to PGA Purses
LIV Golf's future may hang in the balance, but the effect it had as a catalyst for boosting PGA money is enduring. 8 Signature PGA Event Purses (2021 ⇒ 2026) Genesis: 12M ⇒ 20M Arnold Palmer: 12M ⇒ 20M Cadillac: 12M ⇒ 20M Memorial: 12M ⇒...
NHL Ratings Surge 47% Post‑Olympic Break
TNT says NHL viewership accelerated after February's Olympic break. For the rest of the season, games averaged 453,000 viewers, up 47% over the equivalent period from 2025
Brian Rolapp Emerges as Top NFL Commissioner Candidate
My takeaway is Brian Rolapp just solidified himself as the lead candidate to be the #NFL’s next commissioner
LIV Missed the Core Appeal of Pro Golf
I don't know if LIV is failing now, I just know it always failed to understand what professional golf was really selling (and yes, that includes Phil & Greg, not just the PIF). A know what you're selling 🧵
Wilson Signs Record WNBA Deal with Cap‑linked Future Salaries
A'ja Wilson's 3-year, $5M supermax contract with the Las Vegas Aces is not only the largest contract in WNBA history, but it also becomes the first deal to include a clause allowing her 2027 & 2028 salaries to be derived...
Declining NBA Viewership Sparks Fear of League Collapse
These viewership numbers for the NBA this season as well as the $76 billion media rights contract they signed has me thinking this league is going to fold next year. It's over for the NBA. https://t.co/HYZi0sIQ0c
Saudi Funding Withdrawal Threatens LIV Golf, Paramount Deal
Well, this is good news. And really, the best chance to kill the Paramount purchase of WBD would be for the Saudis to pull their investment. So hope on another front. LIV Golf Facing Imminent Closure as Saudi Backers Weigh...
College Playoffs May Merge Football and Basketball by 2030s
Latest Hotline mailbag (icymi) examines how the college football and basketball postseasons could become two arms of the same entity in the 2030s. https://t.co/YfPviYGS7k
NBA's New TV Deal Sparks 7-Year Rating Surge
NBA’s Broadcast-Friendly TV Deal Leads to Highest Ratings in 7 Years https://t.co/sNM2Mq2FM6 via @sportico @crupicrupicrupi
Netflix's Sports Strategy Expands with Women's World Cup
What’s the future of sports on @netflix ? Bela Bajaria, head of content, getting into it with @elleduncantv Women’s World Cup, Drive to Survive, Full Swing and more https://t.co/ujNZfxsOQV