Choose your location
Sportico
Register for Sportico’s RISE: Women’s Sports Event
Join us on October 23rd at the NBPA Headquarters for RISE, Sportico’s in-depth look at women’s sports!Doug Gottlieb's $215K UW-Green Bay Contract Contains 'Conflict' Plan Register Here Crafted to connect stakeholders from the finance, media and marketing sectors to explore insights and develop strategies that enhance investment in the women’s sports marketplace. Hear from commissioners, owners and executives at the WNBA, NWSL, PWHL and others who are responsible for making it happen.Sportico Transactions: Moves and Mergers Roundup for July 19 Sportico Rise is partnered with the NBPA and WNBPA and sponsored by Genius Sports, Horizon Sports & Experiences, Next League, and the WNBA. Varsity Brands Taking on $2.4B Debt to Fund KKR Takeover From Bain
Register for Sportico’s RISE: Women’s Sports Event
Join us on October 23rd at the NBPA Headquarters for RISE, Sportico’s in-depth look at women’s sports!Doug Gottlieb's $215K UW-Green Bay Contract Contains 'Conflict' Plan Register Here Crafted to connect stakeholders from the finance, media and marketing sectors to explore insights and develop strategies that enhance investment in the women’s sports marketplace. Hear from commissioners, owners and executives at the WNBA, NWSL, PWHL and others who are responsible for making it happen.Sportico Transactions: Moves and Mergers Roundup for July 19 Sportico Rise is partnered with the NBPA and WNBPA and sponsored by Genius Sports, Horizon Sports & Experiences, Next League, and the WNBA. Varsity Brands Taking on $2.4B Debt to Fund KKR Takeover From Bain
Manfred Open-Minded About MLB Players at LA28 Olympics
ARLINGTON, Texas – Major League Baseball is considering allowing players on the 40-man rosters of each team to participate in the 2028 Los Angeles Olympics, commissioner Rob Manfred told a closed group of reporters at a BBWAA meeting only hours before Tuesday night’s All-Star Game at Globe Life Field.Ticket Brokers Miss Out on Olympics, but See Better Days Ahead “I don’t know about the Olympics long term because in Paris they’re not going to build a baseball stadium,” Manfred said about the upcoming Games, where baseball is not being represented. “But when you look at L.A., that’s an opportunity we need...
Packers Report Record Revenues of $654M, Profit Falls 12.5%
The Green Bay Packers generated revenue of $654 million during the 2023 season, according to the team’s financial results released Tuesday. The total is 7.2% greater than last year’s $610 million.WNBA Players Union Questions New $2.2 Billion Media Deal National revenue from shared media rights, league sponsorships, licensing and international business was $402.3 million, up 7.5% from the previous season. Last week, Sportico reported that each team received just over $400 million from the league office, which distributed roughly $13 billion to the 32 teams. Longtime Packers CEO Mark Murphy, who will retire in July 2025, said he expects national revenue to...
Convicted Sen. Menendez Received F1 Tickets in Bribery Scheme
A jury in the Southern District of New York Tuesday found U.S. Senator Bob Menendez (D-N.J.) guilty on 16 counts of bribery, extortion, wire fraud, obstruction of justice and acting as a foreign agent. California College Athlete Bill Dies as NCAA Scores Reprieve Formula 1 grand prix race tickets provided by the Qatari government were among the bribe payoffs prosecutors say Menendez received. Other high-value payoffs included gold bars, a Mercedes-Benz and hundreds of thousands of dollars. Menendez, 70, faces a maximum prison sentence of 222 years if the charges are run consecutively. Although the presiding judge, Sidney Stein, won’t sentence Menendez to...
Fox’s ‘Summer of Soccer’ Wraps With Record Euro, Copa América Ratings
Fox Sports closed out its “Summer of Soccer” in a big way Sunday, as the Euro and Copa América finals doubleheader notched record high TV ratings in the U.S.According to Nielsen live-plus-same-day data, Spain’s 2-1 victory over England averaged 6.430 million viewers in Fox’s afternoon window, which marked a 7% increase over the linear-TV deliveries for the 2021 Italy-England Final on ESPN and ESPN2 (6.004 million).It’s worth noting that the year-to-year comps are for the complete Euro Final telecasts, which include pre- and post-match coverage. When winnowed down to the match proper, ESPN/ESPN2’s 2021 average improved to 6.488 million viewers....
Adidas Beats Estimates Amid Turnaround as Nike Woes Continue
Adidas announced preliminary results for its second quarter on Tuesday that reflect the continued turnaround at the German sportswear giant. Revenue for the three months ending with June rose 9% to $6.35 billion (€5.82 billion based on current exchange rates). The gain was 16% on a currency-neutral basis and if Yeezy sales are excluded both years.Adidas Sues Over 100 Sites for Fake Merch in Brand Crackdown Operating profit nearly doubled to $377 million. The company cited better “sell-throughs, reduced discounting, lower sourcing costs and a more favorable category mix” for the profit surge. Adidas topped Wall Street estimates for revenue and profits,...
Fanatics Collect Launches Hoping to Streamline Trading Card Sales
Online sports e-commerce giant Fanatics launched a collectibles marketplace called Fanatics Collect on Tuesday, the company announced in a news release.Sporticast 357: Bronny James NBA Draft Game Theory Fanatics Collect’s Buy Now marketplace will streamline the process for collectors to buy and sell cards at fixed prices. Collectors will also be able to sell their cards through monthly and weekly auctions with Fanatics Collect. “We want to make it quick, easy and fun for every collector to buy and sell cards, whether that’s instantly through the Buy Now marketplace or through the excitement of an online auction,” Nick Bell, Fanatics Collect CEO,...
Pats WR Kayshon Boutte’s Sports Betting Criminal Charges Dropped
New England Patriots wide receiver Kayshon Boutte is no longer an accused sports betting criminal. Flores Questions Goodell's Authority to Arbitrate NFL Disputes As reported by ESPN’s Mike Reiss, prosecutors in Louisiana have dropped computer fraud and prohibited gaming charges filed against Boutte in January. A defendant convicted on the computer fraud charge could face a maximum sentence of five years in prison. Boutte, a former LSU star, allegedly engaged in an activity as a 20-year-old that would have been lawful in some states, such as two with many Patriots fans—New Hampshire and Rhode Island—but not in Louisiana, where the minimum age to bet is 21. Boutte...
New Balance Partners With WNBA to Advance Women’s Sports
New Balance and the WNBA have inked a multiyear partnership to promote women’s sports through various marketing campaigns and content, the company announced in a Tuesday morning news release. As part of the agreement, New Balance becomes an official WNBA partner. Financial terms and the specific length of the partnership were not disclosed.Jayson Tatum, A'ja Wilson Named NBA 2K25 Cover Athletes New Balance joins other apparel companies—including Nike, Adidas, Under Armour and Puma—as WNBA partners. Nike is also an equity investor in the WNBA. New Balance will create broadcast content and retail campaigns featuring Cameron Brink, drafted No. 2 by the Los...
Tim Howard Joins Houston Dynamo, Dash Ownership at $700M Valuation
Former USMNT and Everton goalkeeper Tim Howard has joined the ownership group of MLS’ Houston Dynamo FC and NWSL’s Houston Dash.James Harden Traded to Clippers in Blockbuster 76ers Deal The group, led by chairman and majority owner Ted Segal, also operates Shell Energy Stadium, Houston Sports Park and Dynamo and Dash Charities. Segal acquired a majority ownership interest in the group in June 2021. Financial terms were not provided, but the investment was made at a $700 million valuation, according to people familiar with the matter. Per Sportico’s MLS valuations, Houston Dynamo are valued at $550 million, and the Houston Dash are...
Skenes All-Star Start to Atone for MLB’s Strasburg Marketing Miss
ARLINGTON, Texas – Fourteen years ago, Major League Baseball made a grievous mistake. The league left rookie pitching sensation Stephen Strasburg off the National League roster for the All-Star Game played that year at Angel Stadium.Physical Tickets Are Making a Comeback--at a Price MLB didn’t make the same mistake this year. An equally impressive Paul Skenes, a flame-throwing rookie right-hander now pitching for the Pittsburgh Pirates, will start Tuesday night’s All-Star Game for the National League. “I’m well aware of the history of misses,” NL manager Torey Lovullo said Monday at Globe Life Field of players mistakenly left off All-Star teams, “And that...
Opendorse Hires New CEO as Co-Founder Lawrence Shifts Roles
Opendorse is closing a leadership chapter.OneTeam Partners Mulls $75 Million Venture Fund The NIL technology company announced Tuesday that it has hired Stephen Denton, a long-time tech executive, to serve as its new chief executive officer. He replaces Opendorse co-founder Blake Lawrence, the former University of Nebraska linebacker, who has served as CEO and face of the company since its 2012 launch. As part of the transition, Lawrence will shift to the role of president of Opendorse’s collegiate operations, while co-founder Adi Kunalic will continue to serve as chief operating officer. “Most of what we are known for is the collegiate side of...
Sporticast 362: Fallout of Copa America Crowd Disaster
On the latest Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams are joined by Michael McCann, Sportico’s legal analyst, to discuss the fallout of the security collapse at the Copa America final Sunday night in Miami. Fox's 'Summer of Soccer' Wraps With Record Euro, Copa América Ratings Thousands of non-ticketed fans breached the gates of Hard Rock Stadium prior to the game, forcing kickoff to be delayed by more than an hour. Organizers and law enforcement at one point chose to let those fans in to alleviate the security threat, and many who paid thousands for tickets were left on...
Physical Tickets Are Making a Comeback—at a Price
Physical sports ticket stubs are as dead as the pressed paper pulp they used to be printed on. StubHub vs. Ticketmaster vs. SeatGeek: What's the Difference? Or are they? Yes, admission to this week’s MLB All-Star festivities has been distributed digitally, as is the case with almost any major sporting event today. But for fans seeking a physical token tied to the 94th Midsummer Classic, MLB is offering so-called souvenir tickets for $25 a pop. If the sale goes anything like similar ones offered around last month’s Negro Leagues tribute game or Paul Skenes’ home debut with the Pittsburgh Pirates, hundreds of fans will...
CONMEBOL Blames Hard Rock Stadium for Copa América Chaos
CONMEBOL has blamed Hard Rock Stadium for inadequate crowd control and trespassing issues that escalated at Sunday night’s Copa América final between Lionel Messi’s Argentina and Colombia.Ticketing Chaos at Copa América Final Could Have Legal Implications Chaos at the gates prompted an 82-minute delay to the start of the match. Organizers and security tried to keep those without tickets out while allowing entry to those who had tickets to pass. Eventually, they gave up and let everyone in, to reduce the possibility of injury. “In this situation, CONMEBOL was subject to decisions made by the Hard Rock Stadium authorities, according to the...
OneTeam Partners Mulls $75 Million Venture Fund
OneTeam Partners, the commercial venture created in 2019 by the NFLPA and MLBPA, is looking to launch a $75 million fund to invest in early-stage businesses that support athletes.Opendorse Hires New CEO as Co-Founder Lawrence Shifts Roles The group is currently seeking a general partner for the venture fund, according to a deck that was viewed by Sportico. OneTeam is hoping to leverage its expertise, its access to deal flow and its deep connections to some of the world’s most famous celebrities to help grow businesses and share in the upside. The fund, called OneTeam Ventures, will target a portfolio of about...
Harvick, Tebow Group Buys Florida Panthers Minor-League Club
Zawyer Sports & Entertainment has acquired a controlling interest in the Charlotte Checkers, the Florida Panthers’ American Hockey League (AHL) affiliate, the team announced on Monday.Dallas Stars Declare 'Victory' With Streaming Channel for Local Games The Zawyer group’s partners include NASCAR driver Kevin Harvick, former NFL quarterback Tim Tebow, NFL linebacker Myles Jack, Carolina Panthers long snapper J.J. Jansen and Fox NASCAR analyst Regan Smith. The transaction was approved at the AHL’s board of governors meeting last week. The Checkers have been owned by Michael Kahn, who is the founder of alcoholic beverage distributor Kahn Ventures Inc., since 2006. He will remain with...
British Open Prize Money Hits $17M With $3.1M for Winner
The 152nd British Open tees off on Thursday, July 18, and the winner will receive $3.1 million, according to The R&A, which runs the golf major. It is a record amount for The Open Championship, but it’s an increase of only $100,000 or 3% versus last year when American Brian Harmon won.HR Derby Prize Money Is More Than Gunnar Henderson's 2024 Salary “The R&A has a responsibility to strike a balance between maintaining The Open’s position in the global game, providing the funds required for governance and developing amateur and recreational golf in 146 countries internationally,” Martin Slumbers, CEO of The...
NCAA House Settlement Delayed by ‘Infighting,’ Per Plaintiffs’ Lawyer
The proposed $2.8 billion settlement in the House v. NCAA antitrust lawsuit will not, as originally hoped, be submitted to a U.S. District Court today, according to the plaintiffs’ lawyer Jeffrey Kessler.HCU Blasts NCAA, Attorneys Over Pending Antitrust Settlements In a telephone interview Monday morning, Kessler blamed “infighting” between the NCAA and its power league co-defendants for the hold-up. “The NCAA and the conferences have been extraordinarily slow, and we are really pushing them to speed this up,” Kessler said. “They just have to get their act together or frankly we are going to go to the court.” An NCAA spokesperson called Kessler’s...
Sportico
8K+
Posts
17M+
Views
Sportico provides daily, actionable, enterprise reporting covering the sports business and cultural ecosystem. It will be the daily "go to" place for anyone seeking the latest and highest quality news and information in the $500 billion worldwide sports industry.
Welcome to NewsBreak, an open platform where diverse perspectives converge. Most of our content comes from established publications and journalists, as well as from our extensive network of tens of thousands of creators who contribute to our platform. We empower individuals to share insightful viewpoints through short posts and comments. It’s essential to note our commitment to transparency: our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. We strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation. Join us in shaping the news narrative together.