Latest news impacting the sports market, including recent franchise transactions, league updates, business trends in sports, and more
Vinik announces Arctos Sports Partners as minority investor of VSG, Bolts
NHL.com, January 4, 2022
Vinik Sports Group and Tampa Bay Lightning Chairman & Governor Jeff Vinik today announced that Arctos Sports Partners has made a minority investment into Vinik Sports Group (VSG).
David Blitzer & Smith Entertainment Group to Purchase Real Salt Lake
RSL Communications, January 5, 2022
Major League Soccer’s Board of Governors unanimously approved the sale of Real Salt Lake and the club’s associated properties to David Blitzer and Ryan Smith’s Smith Entertainment Group (SEG), MLS Commissioner Don Garber announced today.
Cryptocurrency platform FTX will pay Golden State Warriors $10 million for global rights
CNBC, December 14, 2021
The Golden State Warriors have agreed to an international rights sponsorship with crypto platform FTX. Deal terms were not made public, but people familiar with the agreement told CNBC it’s a multiyear pact valued north of $10 million total.
The Sports Gambling Gold Rush Is Absolutely Off the Charts
Bloomberg, December 16, 2021
Legal sports betting in the U.S. — once confined to Nevada — has gone mainstream. Since the Supreme Court in 2018 ended federal bans on the industry’s expansion, dozens of states have legalized it, and a multibillion-dollar betting boom is afoot.
From trading cards to digital video: Sports NFTs kick sports memorabilia into the digital age
Deloitte Insights, December 1, 2021
What fan wouldn’t want to buy an unforgettable sports moment? Nonfungible tokens (NFTs), unique digital identifiers that use blockchain to record ownership of media, are now letting them do just that.
NBA, Viacom18 Set Multiyear, Multiplatform India Partnership
Variety, December 2, 2021
The U.S.’s National Basketball Association (NBA) and Indian media conglomerate Viacom18 have revealed a multiyear partnership to deliver live NBA games and programming to Indian audiences across television and streaming platforms.
Sports Leagues Brush Off Pandemic As Business Model Thrives
Sportico, November 29, 2021
The major sports leagues led by the NFL, NBA and MLB, have made it through the pandemic seemingly in fine financial health, as rising values and fan support forestalled some of the worst forecasts based on curtailed seasons and audience-free arenas.
How Major League Soccer is positioning the sport to become a dominant one in the U.S.
CNBC, November 27, 2021
Soccer in the U.S. has not always had the best track record. Its popularity fluctuates, and interest is usually tied to significant events, such as the World Cup or the Olympics.
Premier League seals £2bn US television rights deals with NBC to 2028
The Guardian, November 19, 2021
The American broadcaster NBC has renewed its television deal with the Premier League in a new six-year agreement worth £2bn. That is almost double what the company, the home of Premier League coverage in the United States since 2013…