Rowing’s Boston Super Bowl Runs on 6 Staffers and Scant Prize Money
This weekend 12,000 athletes and some 400,000 spectators flooded riverside Boston to catch one of the city’s great sporting events, the Head of the Charles Regatta. Started in 1965 on the suggestion of...
View ArticleWhat You Need to Know About U.S. Sports TV Contracts
This year, the value of global sports television contracts is projected to reach a high-water mark of $62.4 billion, which is, more or less, the GDP of Slovenia. Nearly half of those TV and streaming...
View ArticleParamount Global Laying Off 800 Employees, Cites Need to Cut Costs
Paramount Global, amid a swirl of M&A discussions, is laying off about 800 employees worldwide — an estimated 3% of its headcount — as it looks to trim costs. CEO Bob Bakish announced the layoffs...
View ArticleParamount CEO Downplays Impact of 3-Headed Sports Skinny Bundle
The head of Paramount Global today suggested that the parent company of CBS isn’t much bothered by its rivals’ plans to launch a sports-dedicated skinny bundle, telling analysts that the coming...
View ArticleEx-Jags Employee Sentenced to 78 Months for Stealing From Team
A former employee for the Jacksonville Jaguars was sentenced to six and a half years in prison on Tuesday for defrauding the team of more than $22 million, according to a report in The Athletic. In...
View ArticleSoccer Transfer: Messi Brand Sold to Pay Bills for Fashion Also-Ran
When Lionel Messi left Barcelona for Paris Saint-Germain in 2021, it was because the LaLiga team couldn’t afford to keep him under Spanish soccer’s strict financial rules. Last Saturday, when Messi...
View ArticleBrazil Sports Wagering Beckons as Big Names Ease Off U.S.
This story appears in Sportico’s Morning Lead newsletter. Click here to sign up and get it delivered straight to your inbox. The Brazilian government legalized sports betting at the end of 2023 with...
View ArticleHow American Taxpayers Support Sports Teams and Athletes
The average American taxpayer may not realize it, but their dollars go toward funding the sports teams owned by billionaires. Taxpayer support of sports “is a complicated question,” Smith College...
View ArticleSharp Alpha Advisors Closes Second Fund at Over $25M
Sharp Alpha Advisors, a venture capital and advisory firm, announced it closed a second fund at over $25 million. It’s the firm’s latest effort targeted at sports, gaming and entertainment startups....
View ArticleFanatics Sues Marvin Harrison Jr. for Refusing to Honor Contract
Fanatics has filed a lawsuit against recently drafted Arizona Cardinals wide receiver Marvin Harrison Jr. contending he has refused to fulfill any obligations from a year-old contract. Fanatics filed...
View ArticleSailGP Returns to New York Amid League-Wide Growth
SailGP, the sailing racing league featuring 10 identical F50 catamarans competing during each two-day event, returns to New York this weekend with the Mubadala New York Sail Grand Prix. The $1 million...
View ArticleTicket Brokers Miss Out on Olympics, but See Better Days Ahead
If you’re looking to get a last-minute ticket to the Paris Olympics, you won’t find them on the popular ticketing services Ticketmaster, Vivid Seats, SeatGeek or any other provider. Ticket sales for...
View ArticlePremier League Extends Genius Sports Data Deal Into 2029
Genius Sports has locked up the official data rights to all of English soccer through the 2028-29 season, as previously reported negotiations with Football DataCo over global rights to UK game data,...
View ArticleAmer Sports Stock Jumps as Federer, Caitlin Clark Revive Wilson
Amer Sports, the sporting goods maker backed by Lululemon billionaire Chip Wilson, bested Wall Street expectations with earnings reported Tuesday, rallying shares as high as 15% during trading as...
View ArticleVivid Seats Plunges 16% on Ticket Supply Even as Sports Strengthens
Ticket reseller Vivid Seats shares plunged in trading on the Nasdaq Stock Market Tuesday as Wall Street analysts slashed their outlook for the company. Vivid shares fell as much as 16% before...
View ArticleJerry Jones-Backed Faze Clan Regroups After Stock Flame-Out
This story appears in Sportico’s Morning Lead newsletter. Click here to sign up and get it delivered straight to your inbox. Even among the many spectacular failures of SPAC-era public stock offerings,...
View ArticleCoffey Talk: Ares Sports Chiefs Affolter, Miller on NFL Investing
On the debut episode of Coffey Talk, Ares Management’s Mark Affolter and Jim Miller go into detail on what the NFL’s decision to allow private equity firms to invest in football means for the league...
View ArticleSportradar Buying Saturday Down South, Other U.S. Publications
Sportradar is buying the North American operations of sports-focused content publisher XLMedia for up to $30 million, according to a disclosure by XLMedia Monday. XLMedia is a U.K.-based content...
View ArticleWorld Series Run Means Yankees May Make $70M in Extra Ticket Sales
There are a lot of compelling storylines to the Dodgers-Yankees Fall Classic: Ohtani vs. Judge, Tinsteltown vs. the Big Apple, Dodger bullpen vs. Yankee starters are just some. But for the Yankees...
View ArticleOhtani HR Ball Boosts eBay Sports Collectibles Arm, but Shares Plunge
EBay’s auction of Shohei Ohtani’s 50th home run ball of the just-concluded MLB season helped the retail site chalk up a strong quarter in collectibles, helping the business beat analysts’ expectations...
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