Dwyane Wade Joins Utah Jazz Ownership Group
NBA legend Dwyane Wade has acquired an ownership stake in the Utah Jazz. Wade, 39, joins the league’s youngest ownership group, which is led by 42-year-old Ryan Smith…
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Young Audience Flees TV, Creating an Uncertain Future for Sports
While it would be premature for anyone to start digging TV’s grave, the ongoing depreciation of the traditional cable bundle and what amounts to a generational…
NFL Inks Nearly $1 Billion in Betting Deals With DraftKings, FanDuel, Caesars
The National Football League has named its first-ever U.S. sports betting partners—Caesars, DraftKings and FanDuel. Though financial specifics weren’t announced, a…
Phoenix Suns, FanDuel to Build Sportsbook in NBA Arena
The Phoenix Suns will be among the first NBA teams with a sportsbook in their arena, part of a wider agreement with FanDuel that will also give the gambling operator the…
NFT Boom Risks Derailing Sports’ Environmental Efforts
Today’s guest columnist is Aidan O’Connor, an associate vice president at the strategic communications firm Prosek Partners. The recent surge of profitable non-fungible…
Sporticast: PLL’s Return, AEG’s Dan Beckerman on Bringing Back Fans
In the latest episode of Sporticast, hosts Scott Soshnick and Eben Novy-Williams discuss some of the biggest sports business stories of the week, including a new…
Kevin Durant Scores With $86 Billion Coinbase Valuation
Kevin Durant returned to the court last week after missing 23 games with a strained hamstring. He led the Brooklyn Nets to a 30-point blowout win against the Minnesota…
SPACs Draw SEC Scrutiny as Celebrities and Sponsors Worry Staff
The boom in new special purpose acquisition company filings has nearly ground to a standstill in recent days, as regulator statements on the red-hot SPAC market are…
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Liga MX Draws First Major U.S. Investors to ‘NFL of Mexico’
For the past few years, American investors have poured money into soccer clubs in England, France and Italy, sensing untapped commercial opportunities. Now for the first…
A-Rod and Lore Strike Deal to Buy Timberwolves for $1.5 Billion
A group headed by former baseball star Alex Rodriguez has signed a letter of intent to purchase the NBA’s Minnesota Timberwolves and the WNBA’s Lynx, the basketball team…
SPAC Insurance Spikes, Creating Legal Exposure for Board Members
The cost of directors and officers insurance (D&O) for special purpose acquisition companies has spiked in 2021, meaning executives and board members may end up exposed…
Side Hustles: How NCAA Coaches Like Harbaugh, Saban Pad Their Pay
In 2019, Michigan head football coach Jim Harbaugh donned his hallmark chino pants and asked an actor pretending to be an earnest equipment apprentice, “Do you think you…
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