Finance & Law
Miami-Dade exploring FTX legal remedies, Mercedes F1 team suspends deal
Miami-Dade County is exploring "all legal remedies" if cryptocurrency exchange FTX cannot meet its financial obligations in a 19-year stadium naming rights agreement at the publicly owned facility that…
Kelly Ripa, Mark Consuelos join Campobasso 1919 ownership
American actress and television host Kelly Ripa and her husband, actor Mark Consuelos, have announced their investment in Italian soccer club Campobasso 1919, joining the principal owner and operator North…
Genius Sports net losses continue despite revenue growth
Company says it remains on pace to hit 2022 targets for revenue, adjusted EBITDA
Binance pulls out of FTX bailout leaving sponsorship deals in jeopardy
The future of cryptocurrency exchange FTX and its raft of high-profile sports sponsorship and athlete endorsement deals has become increasingly uncertain after rival operator Binance backed out of a rescue…
New York Jets seek receiver after Fubo Sportsbook ‘default’
The National Football League's New York Jets are seeking a receiver — an appointed third party to oversee asset preservation — after the team says sports streaming operator FuboTV and subsidiary Fubo Spo…
Bernoulli | Locke to debut fan-owned SailGP team
Bernoulli | Locke, a Web3 member-based business community, will debut a fan-owned SailGP team based in Bermuda and the Caribbean after the global sailing series became the first major sports entity to…
Sports gaming propositions fail in California election
California's Propositions 26 and 27 that would have legalized sports betting in America's most populous state were quickly and resoundingly rejected by voters in the state during November 8 elections
Microsoft’s Activision Blizzard deal faces European Commission probe
The European Commission has opened an in-depth investigation to assess the proposed acquisition of game company Activision Blizzard by US-based technology giant Microsoft
Prosecutors raid headquarters of France 2023
The headquarters of the organising committee for the 2023 Rugby World Cup in France have been raided by French police as part of an investigation into mismanagement at the organisation
Messi joins Sorare as investor, brand ambassador
Global soccer star Lionel Messi has acquired an equity stake in Sorare as part of a deal to become a brand ambassador with the fast-growing, non-fungible token (NFT) trading platform.
Disney posts what it calls ‘peak’ losses in its DTC operations
Streaming subscribers continue to grow for ESPN parent, but so do operating losses
Infront adds Israeli firm Pico to sports technology offering
The Infront agency has acquired Israeli sports technology firm Pico Get Personal and will house the operation under its innovation arm, Infront Lab
NASCAR partners with QuintEvents for Chicago street race
NASCAR has partnered with North Carolina-based event management company QuintEvents to sell premium experiences for the upcoming Cup Series street race in downtown Chicago, Illinois, next year.
Ryan Reynolds confirms interest in Ottawa Senators
Hollywood actor Ryan Reynolds has confirmed his interest in acquiring the National Hockey League's Ottawa Senators
Anheuser-Busch joins pickleball ownership ranks
Brewing giant Anheuser-Busch InBev has become the latest high-profile pickleball team owner, with the company acquiring a Major League Pickleball expansion franchise starting in the 2023 season
Vivid Seats extends run of company-record financials
Illinois-based ticketing company posts record revenue for sixth straight quarter
Mubadala Capital ‘selected’ as financial backer for Brazilian football’s Libra body
Libra, one of two collectives of Campeonato Brasileiro Série A and Série B teams seeking to drive plans for a new Brazilian football league system, has recommended Mubadala Capital as its preferred financial b…
Fenway Sports Group ‘exploring Liverpool FC sale’
Fenway Sports Group is weighing up the possibility of putting Premier League giants Liverpool FC up for sale, with investment banks Goldman Sachs and Morgan Stanley hired to assist with the process, according…