Industry News

Latest news impacting the sports market, including recent franchise transactions, league updates, business trends in sports, and more

Nickelodeon’s Broadcast Of Bears-Saints Gets Rave Reviews

Sports Business Journal, January 11, 2021

The goal of Nickelodeon’s simulcast of the Bears-Saints Wild Card game was to “reach a younger demographic of fans,” and “all in all, it appears the Nick broadcast was a success”…

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NFL plans to expand regular season to 17 games per team in 2021

NFL Network, December 27, 2020

The NFL is planning to expand the regular season to 17 games in 2021 — a historic move that would generate new revenue and could at least slightly soften an anticipated drop in the salary cap next year, sources say.

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ESPN Signs $3 Billion Deal For SEC Football As CBS Era Nears End

Sportico, December 10, 2020

Disney’s ESPN has finalized a deal to buy the rights to college football’s most-watched television package for $300 million per season—at least five times the $55 million per year fee…

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Fanduel Valued At $11.22 Billion As Flutter Accelerates Investment

Sportico, December 3, 2020

Gambling giant Flutter is buying another 37.2% of FanDuel for $4.18 billion, a deal that accelerates a previously determined investment timeline and values the gaming brand at $11.22 billion.

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PLL CO-Founder Paul Rabil: Why Pro Sports Are More Valuable Than Ever

Sportico, November 5, 2020

In 2020, a global pandemic shut down professional sports entirely. Millions have lost jobs and nearly 100,000 businesses have closed.

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All three states that had sports betting on ballots voted yes; sports betting now legal in 25 states

Yahoo Sports, November 4, 2020

Voters generally want the freedom to place a legal bet on sports.

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The new playbook: How private equity fell in love with sport

Private Equity International, November 3, 2020

A combination of rising valuations, a need for liquidity and a highly fragmented industry has turned investing in sport into an attractive bet.

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Utah Jazz to be sold to Ryan Smith, ending Millers’ three-decade run as owners

ESPN, October 28, 2020

The Miller family has entered into an agreement to sell the Utah Jazz and Vivint Smart Home Arena to Qualtrics founder Ryan Smith for $1.66 billion, sources told ESPN.

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Amazon Expands NFL Coverage With Playoff Game

The Wall Street Journal, October 14, 2020 Inc. has struck a deal with the National Football League to stream a playoff game this season, people familiar with the matter said.

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