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Kushner’s Lakers Deal Isn’t a Hedge. It’s Another Bet on AI
An earlier version of this column originally ran in Club Sportico, our online newsletter community. Last week’s shocking Los Angeles Lakers sale agreement has left way more questions than answers, but one thing seems infinitely clear: Sports ownership is rapidly changing. As franchise valuations continue to climb, leagues like the NBA and even the NFL […]
DePaul Athletics Health Staffer Sues Over Mid-Pregnancy Termination
DePaul University’s former associate athletics director for health and wellness has filed a federal lawsuit against the school and AD DeWayne Peevy, alleging she was illegally laid off while seven months pregnant in violation of her civil rights. The lawsuit marks the second time in six years that DePaul has been sued by a mental […]
MSG Defeats Charles Oakley Lawsuit, but Case Still Not Over
For the third—and MSG Networks hopes, final—time, a federal judge has dismissed Charles Oakley’s assault-and-battery lawsuit over his removal from Madison Square Garden against his will during a New York Knicks-Los Angeles Clippers game in 2017. U.S. Circuit Judge Richard J. Sullivan on Friday granted MSG summary judgment, reasoning that the 62-year-old former Knicks star […]
Jayden Daniels’ LSU Number Feud Raises NIL, IP Law Questions
Jayden Daniels sending a cease-and-desist letter to LSU raises the prospect of a legal battle that could attract attention from other former college stars, should they seek leverage with their alma maters. As ESPN reported, Daniels’ attorney on Aug. 5 demanded that LSU stop using Daniels’ NIL, or else face the possibility of being sued. Daniels played […]
Sportico Transactions: Moves and Mergers Roundup for Aug. 14
Welcome to Sportico’s transactions wire, a weekly rundown of personnel, partnerships, products and purchases across the sports business industry. PERSONNEL Elevate Names Mike Kitts to President, Global Sales and Solutions Elevate, the global sports and entertainment agency, announced that Mike Kitts will join the company as president, global sales and solutions. Most recently chief commercial […]
The Elusive Provider Behind the WTA’s Sex Testing
The company handling the Women’s Tennis Association’s controversial genetic sex screening has identity questions of its own—and neither the company nor the WTA appears eager to answer them. Phuel Sports Science, a Colorado-based firm behind a performance blood-testing service, was chosen by the WTA to perform a one-time SRY gene screening test to identify the […]
Bezos, Bhatia, Saverin Buy Liverpool Stake at $7B+ Valuation
Fenway Sports Group reached an agreement to sell a minority stake in its Liverpool soccer club to a group of well-heeled investors that includes Jeff Bezos, Eduardo Saverin, Amit Bhatia and the Mittal family trusts. The consortium, officially called 1892 Holdings, is buying about 30% of the Premier League team at a valuation of just […]
Dolby, Seahawks Deal Pushes Personalized Sports Streams
Having spent decades focused on audio and video enhancements for music and film audiences, Dolby has in recent years turned its attention to sports, building back-end technology for streaming providers to offer fans more personalized ways of watching games. The Seattle Seahawks will become the first team to leverage Dolby OptiView this Saturday during their […]
NFL’s Stalled Media-Rights Renewals Don’t Signal Weakness
While nuance and 21st century thinking are about as complementary as the ingredients in a serving of lobster ice cream, two seemingly contradictory statements can still be true at the same exact time. On the one hand, Roger Goodell’s plan to rewrite some, if not all, of the NFL’s legacy media contracts before the 2026-27 season kicks […]
Saying No: Jersey Patches, the Texas Longhorns and Scarcity Strategy
Today’s guest column is from professors John Cairney and Rick Burton. On Aug. 1, the NCAA opened one of the most valuable new pieces of commercial inventory in college sports, allowing Division I schools to add up to two sponsor logos to their uniforms. Not surprisingly, the market moved quickly. Ohio State reportedly struck a […]
Underdog Says It’s Being Sued by Aristotle Over Takeover Terms
Underdog CEO Jeremy Levine said Thursday his company is being sued in the Delaware Court of Chancery by Aristotle International Inc. and subsidiary Aristotle Exchange Holding Company, the creators of the prediction market exchange and clearinghouse Underdog acquired earlier this year. Underdog acquired Aristotle’s exchange and clearinghouse in March. A source with knowledge of the […]
LeBron, Wemby and the Knicks Lead NBA’s National TV Schedule
It isn’t purely speculation to claim the NBA built its schedule around LeBron James’ free agency decision. “Where LeBron plays will affect the schedule,” commissioner Adam Silver said at the CNBC Sport x Boardroom Game Plan Summit in July. “I would like him to make his announcement already, so we can finish the schedule.” James’ […]
6 Things You Need to Know About the Shocking $12.5B Lakers Sale
The record-breaking Los Angeles Lakers sale, announced Wednesday to a largely unsuspecting audience, is packed with intrigue. The seller, Mark Walter, is facing federal investigations across his business empire. The buyer, Joshua Kushner, is Trump family-adjacent, recently tried to invest in FIFA in what became a true international scandal and could soon become the youngest […]
Lakers Sale, Knicks NBA Title Revenue Boost MSGS Stock
Bob Iger and Josh Kushner stunned the sports world Tuesday with their $12.5 billion agreement to buy the Los Angeles Lakers from Mark Walter, and in so doing, they gave an immediate boost to the NBA champion New York Knicks. The Lakers agreement helped trigger a 5.3% gain in shares of Madison Square Garden Sports, […]
Tom Brady’s CardVault Gets Judge, Jay-Z, Dana White Investments
Mogul and rap artist Jay-Z, New York Yankees slugger Aaron Judge, Boston Red Sox owner John Henry and UFC CEO Dana White are part of a consortium taking strategic investment in Tom Brady’s CardVault, the retailer devoted to sports trading cards and other authenticated memorabilia. Neither the size of the investment consortium nor the valuation […]
Save the Date: Lakers Sale Timing Will Decide Walter’s Tax Bill
Mark Walter’s decision to sell the Los Angeles Lakers to Joshua Kushner and Bob Iger for a reported $12.5 billion was a surprising development on Tuesday, and the details of when the transaction closes could mean hundreds of millions of dollars in tax payments either incurred or avoided. At issue are long-term capital gains taxes, […]
Sporticast: $12.5B Lakers Sale Leaves Many Open Questions
On the 578th Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams speak with Kurt Badenhausen about a breaking news bombshell: the sale of the Los Angeles Lakers for $12.5 billion to a group led by Joshua Kushner. The Lakers were valued at $10 billion when Mark Walter bought control of the team last year. Now, […]
Riverside Church Abuse Cases Mired in Courts 6 Months After First Trial
It’s been over six months since the first trial in the Riverside Church child molestation scandal resulted in a settlement for former college basketball star Daryl Powell. In the immediate aftermath, hopes arose that the Powell case would lead to a quick resolution of the remaining 25 lawsuits filed against the iconic Manhattan church over […]
Timeline of Record-Setting Sports Team Sales: Data Viz
For the fourth time in four years, a sports franchise has sold for the highest price tag ever. Joshua Kushner and Bob Iger have reached an agreement to buy the NBA’s Los Angeles Lakers for more than $12 billion, according to ESPN, a surprise deal that will end Mark Walter’s ownership of the team after less than a year. That number is eye-popping considering no team had sold for even a quarter of that amount prior to 2019.
Walter Sold the Lakers Amid Federal Probes. Are the Dodgers Next?
Mark Walter’s shocking sale of the Los Angeles Lakers—the NBA team he purchased less than a year ago—amid a federal probe into his other businesses has raised another multibillion-dollar sports question: What might happen with the Los Angeles Dodgers? Walter is part of the group that owns the two-time defending World Series champions. Under their […]
New Speakers Joining Sportico RISE Lineup
At RISE Women’s Sports, industry leaders will come together on Sept. 10 in New York City to examine where women’s sports stands today and what comes next. Among them are Kim Stone, Kerri Walsh Jennings and Jason Wright, three voices bringing distinct perspectives on the opportunities and challenges shaping the business of women’s sports. As […]
How the Dallas Cowboys Became a $15.5 Billion NFL Team
The Dallas Cowboys haven’t won a Super Bowl in 30 years and own the NFC’s longest active drought without a conference championship game appearance. Yet, America’s Team has a grip on a different kind of title: the world’s most valuable sports franchise. The Cowboys topped Sportico’s NFL team valuations for the seventh straight year. Their […]
Gruden Faces Judge’s Criticism Over Delays in $150M NFL Media Leaks Case
A Nevada judge rebuked former Las Vegas Raiders head coach Jon Gruden this week for “delays” and “noncooperation” in sharing materials central to his $150 million lawsuit accusing NFL commissioner Roger Goodell, or someone acting on Goodell’s behalf, of tortiously interfering with his Raiders contract. On Monday, 8th Judicial District Judge Joe Hardy expressed bewilderment as to […]
Lakers Sold: Joshua Kushner Adds $12B+ NBA Team to Portfolio
Joshua Kushner and Bob Iger have reached an agreement to buy the NBA’s Los Angeles Lakers for more than $12 billion, according to ESPN, a surprise deal that will end Mark Walter’s ownership of the team after less than a year. This marks an expansion of Kushner’s rapidly growing sports profile. His Thrive Eternal invested […]
Most Valuable NFL Teams 2026: From Cowboys to Bengals
The average NFL team is worth $9.34 billion, according to data compiled by Sportico for the 2026 NFL team valuations. The Dallas Cowboys rank first at $15.5 billion, while the Cincinnati Bengals rank last at $7.4 billion.
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