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Marc Lore to Sell Timberwolves, Lynx at $4.5 Billion Valuation
The Minnesota Timberwolves are being sold again only 14 months after Marc Lore and Alex Rodriguez secured the franchise after a protracted sales process that lasted four years. Marc Stad, a limited partner in the club, is buying Lore’s control stake at a $4.5 billion enterprise value, per ESPN. Lore will remain a limited partner […]
Club Sportico: Is the Little League World Series Actually Big Business?
The Little League World Series kicked off this week in the same place it has for the last 79 years. But while the central Pennsylvania location has stayed the same, there’s a lot of uncertainty looming for the youth baseball extravaganza. Many of the same market forces that have upended college sports in the past […]
NFL Still Has Misgivings About Nielsen’s Ratings Measurement
For tens of millions of NFL fans and the 550 advertisers that tirelessly interrupt their game day viewing marathons, football season cannot get here soon enough. We’re specifically addressing the twitchy countdown to Sept. 9, when the 2026-27 NFL campaign kicks off on NBC, although the homonymous sport with the much rounder ball plays a […]
Kai Spears Wins $9.25M Jury Verdict in Defamation Suit Against NYT
A jury in Alabama on Thursday ruled that The New York Times defamed former Alabama basketball player Kai Spears and awarded him approximately $9.25 million in damages. Ryan Phillips of the Tuscaloosa Patch reported on the verdict. Spears’ lawsuit centered on how the Times wrongly reported that the player was at the scene of a fatal shooting and whether the Times arguably getting the […]
Woody Johnson Buys Stake in Aston Martin F1 Team
Woody Johnson is expanding his sports empire to the racetrack. The 79-year-old owner of the New York Jets has purchased a minority stake in the Aston Martin Formula 1 team and will join its board of directors as vice chairman immediately, the organization announced on Thursday. Financial terms of the transaction were not disclosed. A […]
NFL’s Falcons to Sell 10% to Arctos at Over $10 Billion Valuation
Arctos Partners has reached a deal to buy 10% of the Atlanta Falcons in a two-part transaction, according to three people familiar with the details. The first tranche is for 7.5% of the NFL team at a valuation just over $10 billion, according to two of the people. The balance of the deal in 18 […]
U.S. Open’s $108M Prize Pool Aims to Satisfy Player Demands
The USTA announced a prize money pool of $108 million for the 2026 U.S. Open on Thursday, representing a 20% increase over last year’s record purse. Not all players received the same bump. The men’s and women’s singles players who lose in the first round will earn $140,000, up 27% from last year. The year-over-year […]
ESPN Unlimited Turns 1: What We’ve Learned and What’s Next
ESPN is one year into its future. Last August, the company began offering all of its networks directly to consumers for $30/month. In a memo to employees Thursday, ESPN chairman Jimmy Pitaro referred to that undertaking as “one of the biggest business transitions in our history—a truly defining moment for ESPN.” ESPN was valued at […]
NFL’s Preseason Schedule Is Full of Streaming Surprises
Even if NFL preseason games are treated by coaches and stars as—at best—dress rehearsals, fans have shown a hunger to watch. Last year’s nationally televised tune-ups averaged 2.2 million viewers, making the 2025 preseason the most-watched since 2018, according to the league. In the regular season, those audiences jump close to tenfold. Every NFL game […]
Next MLS Commissioner Larry Berg Has 2 Years to Divest LAFC Stake
Larry Berg is just months away from assuming his new role as Major League Soccer’s next commissioner. As he moves into the league’s top job, he’ll be moving out of another position—his stake in LAFC. MLS has given Berg two years to unload all his shares in the club, according to a person familiar with […]
Kawhi-Clippers Saga Puts Player-Sponsor Deals in Crosshairs
The Los Angeles Clippers this week asserted that a team making introductions between players and team partners for potential player endorsement deals not only doesn’t violate any NBA rule but is “both an ordinary practice by NBA teams and a common request of players and representatives.” That “ordinary practice”—which in the past has involved stars such as […]
U.S. Open Pushes Beyond Queens to Bring Tennis to the People
Today’s guest column is from Nicole Kankam, managing director of pro tennis marketing and entertainment for the United States Tennis Association. When the USTA debuted a new marketing campaign for the U.S. Open in 2022, Queen Latifah, in a TV and digital spot, pointed up to the Arthur Ashe stadium lights and delivered the campaign’s […]
Sporticast: The Paradox of Sports Democratization
On the 580th Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams speak with notable Wall Street (and sports) investor Roger Ehrenberg about the looming $12.5 billion sale of the Los Angeles Lakers, and what’s drawing this new class of tech billionaires to sports. Ehrenberg built the first phase of his career in Wall Street derivatives, […]
Latest Nielsen Tweaks Won’t Lead to Another Huge Sports Ratings Boom
In advance of the official launch of the 2026-27 broadcast season, Nielsen is trotting out a number of new enhancements to its TV measurement scheme. While the refinements are designed to provide a more accurate picture of U.S. video consumption, these tweaks are unlikely to have a significant impact on the ratings for live sporting […]
Players Era’s Kansas Term Sheet Includes Big Cash and Caveats
Players Era Championship has agreed to provide the University of Kansas at least $3.1 million in NIL opportunities, travel support and other expenses in exchange for the Jayhawks men’s basketball team competing in three games during its Las Vegas-based November tournament. Last month, Players Era announced its “landmark five-year extension” with Kansas, which finished third […]
SafeSport’s New CEO Looks to Shine a Light on Problems
Typically, organizations try to keep allegations of misconduct out of public view. But the U.S. Center for SafeSport has come to see that, in some cases, putting it in the spotlight may be the better approach. Created by Congress in 2017, the nonprofit organization is tasked with policing athlete sex abuse and harassment in Olympic […]
2 Nicaragua Little League World Series Players Denied Entry to U.S.
Two members of the Nicaraguan team slated to compete at the Little League World Series did not travel to Williamsport, Pa., “due to individual circumstances regarding visa travel documentation,” Little League said in a statement. Because of the timing, the athletes will not be replaced. The Ministerio Sobre Las Alas Del Aguila Little League from […]
Lakers Sale Complicated by Jeanie Buss Spat With Siblings
A twist has emerged in the pending $12.5 billion sale of Mark Walter’s majority interest in the Los Angeles Lakers to Joshua Kushner and Bob Iger, as minority but controlling owner Jeanie Buss has no intention of selling her family’s stake or relinquishing her leadership role. It’s a twist that could spark litigation unless the parties can […]
Appeals Court Weighs Nationwide NCAA Eligibility Injunction
The U.S. Court of Appeals for the 10th Circuit is now in receipt of dueling briefs by the NCAA and a dozen athletes who began college play in 2022–2023, completed four years of eligibility and are now seeking to play an additional season. The briefs debate whether to stay a nationwide injunction permitting thousands of formerly ineligible […]
Sporticast: Kushner, Bezos Take on Famous Sports Teams
On the 579th Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams discuss some of the biggest sports business stories of the week, including more fallout from last week’s $12.5 billion Los Angeles Lakers deal. Subsequent reporting from numerous outlets has added insight into the federal investigations of Mark Walter’s business empire. The accusations include related-party […]
Mountain West, 5 Departing Schools Agree to $49M Settlement
The five schools leaving the Mountain West Conference for the Pac-12 have agreed to pay their former league $49 million, according to a copy of a settlement agreement obtained by Sportico. That amount is roughly half of what the Mountain West originally sought to collect in exit fees and penalties from Boise State, San Diego […]
NBA Ad Sales Soar to $2.1 Billion in First Season of New Rights Deals
The first season under the NBA’s blockbuster media rights package proved to be a lollapalooza for the league’s distribution partners, as coverage of the 2025-26 campaign generated a record $2.11 billion in advertising revenue. According to a new report issued by Guideline, which captures actual investment data from the six major U.S. holding companies as […]
LIV Golf Cancels $40 Million Michigan 2026 Season Finale
After weeks of speculation, LIV Golf has officially canceled its team championship event set for the end of August, the tour announced Wednesday. This week’s stroke-play event in Indianapolis will now crown LIV’s individual and team champions. The canceled tournament was scheduled at The Cardinal at Saint John’s in Michigan and marks the second event […]
MLB Owners Approve Padres Record $3.9B Sale to Feliciano, Jones
MLB owners unanimously approved the purchase of the San Diego Padres Monday to private equity billionaire José E. Feliciano and his wife Kwanza Jones. The deal values the team at $3.9 billion and is expected to close in the coming days, per a statement from the team. The price shatters the record for an MLB […]
Cubs Slam Wrigley View Rooftop as ‘Parasitic’ in Legal Battle
The Chicago Cubs and Wrigley View Rooftop—which the Cubs accuse of “parasitic” business practices—await a federal judge’s ruling on whether to permanently block Wrigley View Rooftop from selling tickets to view games, concerts and other events at Wrigley Field. The two sides’ legal arguments have been refined as the Cubs and Wrigley View Rooftop vie […]