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Kalshi Offers to Cap Affiliate’s Activity Amid Conflict Concerns
Kalshi informed the federal government Monday it is willing to cap the amount its subsidiary trading desk participates on its prediction market exchange at 5% of betting volume each quarter. The offer is an alternative to rules proposed by the Commodity Futures Trading Commission (CFTC) meant to curtail affiliated relationships like Kalshi’s where a company […]
EuroLeague Rejects NBA’s Collaboration Offer, for Now
The NBA won’t be joining forces with the EuroLeague, at least not yet. Meeting near Italy’s Lake Como on Tuesday, the owners of the clubs in Europe’s top basketball competition voted unanimously to reject a potential collaboration with the NBA. Instead, EuroLeague plans to move from 10-year licenses to a permanent franchise model, which is […]
F1, NBA, NFL Leaders Swap Global Strategies at Invest London
Executives with experience across global sports shared their investment strategies—and the challenges they’ve faced—at Sportico’s Invest in Sports London event on Tuesday, which spotlighted how teams and leagues are exploring new frontiers. The NFL, for instance, will play a league-record nine regular season games outside the U.S. this year. After a Week 1 game in […]
Former Michigan Football Players’ NIL Lawsuit Sacked Again
If the year were 2016, Denard Robinson, Braylon Edwards, Michael Martin and Shawn Crable would have a timely argument that the denial of NIL opportunities while they played football for the University of Michigan Wolverines violated antitrust law and constituted unjust enrichment. But it’s 2026. As U.S. District Judge Terrence Berg explained in denying the […]
LIV Golf’s ‘White Knight’ Sees Path to $100 Million Teams
Hours after announcing an initial committed investment in LIV Golf, BC Partners Credit head Ted Goldthorpe explained his confidence in the global league’s new business model while speaking at Sportico’s Invest London conference on Tuesday. “The more we dug into this, the disconnect between myth and fact is massive,” Goldthorpe said. “I think you can […]
AI Agents Want to Participate in Your Fandom. Should You Let Them?
Being a sports fan is more complicated than ever. Fandom can feel like a series of headaches, if not a second job. Games are played at all sorts of times on myriad channels requiring multiple subscriptions. Good luck keeping up. If you decide to go in person, tickets can be bought on countless platforms at […]
Sporticast: Billionaire Sports Owners Are Not a Monolith
On the 593rd Sporticast episode, hosts Eben Novy-Williams and Jacob Feldman are joined by Baltimore Orioles owner and Carlyle co-founder David Rubenstein. Rubenstein’s latest book, Inside the Owner’s Box: Power and Leadership in Sports, includes a detailed account of his own journey to buying the Orioles, which was the baseball team he grew up rooting […]
The World’s Highest-Paid Soccer Players of 2026
When Mohamed Salah terminated his contract with Liverpool a year early, MLS and the Saudi Pro League emerged as potential destinations for the Egyptian star. Instead, he shocked the soccer world this summer by signing with Trabzonspor in the Turkish Süper Lig. On its face, it appears Salah is taking a discount. He previously earned […]
BC Partners Reveals Initial LIV Golf Investment
BC Partners Credit, the credit arm of BC Partners, announced an initial committed investment in LIV Golf on Monday night, as the golf league restructures its business under a court-supervised process. The investment is the first part of a targeted $300 million in total financing from the investment firm to back LIV’s next iteration. “Our […]
David Berson to Lead Merged CBS-TNT Sports Unit
David Berson, president and CEO of CBS Sports, has been tapped to oversee global sports operations at Skydance Corp., the umbrella brand that will encompass all assets under the soon-to-be-merged Paramount and Warner Bros. Discovery. Berson, who succeeded longtime CBS Sports boss Sean McManus upon his retirement in April 2024, will ride herd on the […]
Knicks Sue Chinese ‘Infringement Network’ for Bootleg Merch
As the New York Knicks begin their quest to repeat as NBA champions, the team and Madison Square Garden Sports are suing individuals and businesses in China and elsewhere that allegedly sell counterfeit Knicks merchandise to Americans. In a complaint drafted by Justin Gaudio and other attorneys from Greer, Burns & Crain, the Knicks last […]
Medvedev to Lose $220K, and Maybe Much More, for China Open Swat
Daniil Medvedev was defaulted from the China Open on Monday during his semifinal match against Novak Djokovic. After a point, the Russian hit a spectator in the stands with a ball that he struck in frustration. Medvedev was losing 7-5, 5-3 at the time of the disqualification, but his actions will leave him far worse […]
NCAA’s Ohio Court Win Boosts Eligibility Rules With PCSA in Doubt
With the fate of the Protect College Sports Act in limbo in Congress, the NCAA will need to continue litigating lawsuits over player eligibility. On Friday, the NCAA scored a win on that front when an Ohio appellate court reversed a preliminary injunction that allowed Xavier basketball player Filip Borovicanin and nearly two dozen other […]
Tottenham Is Running the NFL Playbook in North London
LONDON—As he begins the process of designing a new $3.8 billion stadium in Washington D.C., Commanders owner Josh Harris is touring other NFL venues for inspiration. He’s also looking further afield. The Commanders hosted the Colts on Sunday in north London’s Tottenham Hotspur Stadium, a building that’s already familiar to Harris. It’s the only venue […]
London NFL Games: The Revenue Hit Some Owners Are Happy to Take
LONDON—The Washington Commanders are technically “hosting” the Indianapolis Colts in London on Sunday, meaning the showdown at Tottenham Hotspur Stadium is replacing a game that the NFL team would otherwise have held at Northwest Stadium in Maryland. That creates a totally different set of economics. While NFL teams keep the bulk of the ticket revenue […]
Belichick’s UNC Staff ‘Inadvertently’ Signed Termination Releases Early
For all the uncertainty surrounding the future employment of the University of North Carolina’s football staff, the paperwork governing their departures is already in order. A review of the employment contracts for UNC football staffers posted online by the university shows nearly all contain a termination-release exhibit signed on the same day as the underlying […]
Sportico Transactions: Moves and Mergers Roundup for Oct. 2
Welcome to Sportico’s transactions wire, a weekly rundown of personnel, partnerships and products across the sports business industry. PERSONNEL NWSL Names Senior Director of Pathways and Development The National Women’s Soccer League (NWSL) announced the appointment of Meghan Frey as senior director of pathways and development, a role focused on advancing the league’s strategy to […]
Out Route: Tony Romo Leaves CBS Sports After Drunk-Driving Arrest
Seventy-one days after his arrest in Wisconsin for driving while intoxicated, Tony Romo announced that he will not return as CBS’s top NFL color analyst. A statement released by CBS Sports on Friday characterized the split as a mutual parting of the ways. The unsigned press alert went on to acknowledge Romo’s tenure at the […]
With NFL Broadcast Booths, Be Careful What You Wish For
Despite the claims of any number of charlatans who prey on the American brand of cuddly benighted ignorance, the universe will not manifest an alternate reality for anyone who simply wishes for it with sufficient longing. The universe is not in the business of granting your wishes like some sort of terrifyingly arcane interdimensional Santa […]
The Brewers Paradox: Baseball’s Salary-Cap Rorschach Test
Today’s guest column is from professors John Cairney and Rick Burton. Most baseball fans are currently focused on one of two things. If their team is still in the playoffs, they are obsessing over current and possible postseason matchups. If their club was eliminated, they are probably already looking toward 2027. Almost nobody is thinking […]
Nike Will Stop Reporting China Sales Numbers, Which Have Been Ugly
Nike sales in China have been closely watched by investors for years—first as a sign of the brand’s rapid international growth, and more recently as an indication that the Swoosh had lost its mojo. Now the company says it will stop reporting numbers specific to its Greater China business. As part of a four-year restructuring […]
Chicago Cubs Win Wrigley Field Rooftop Lawsuit
The Chicago Cubs had a rough week on the field, losing their MLB Wild Card Series to the San Diego Padres. But they scored a major win in court as U.S. District Judge Sharon Johnson Coleman granted the team summary judgment and a permanent injunction blocking Wrigley View Rooftop from selling tickets to watch games, […]
MLB Advertising Rates Rally Just in Time for the Postseason
After an MLB season characterized by flat advertising revenues, the year-over-year pricing gaps are soaring as the playoffs get underway. According to fresh marketplace intelligence from Guideline, which captures agency investment from the six major U.S. holding companies as well as most of the large independent shops, in-game MLB pricing spiked 40% in September. Last […]
Nike’s Restructuring Means Layoffs, Geographic Changes
Wall Street is anxious for a Nike rebound. Nike says it’s going to take a while. The company announced Thursday it plans to restructure through 2031, trimming its size, reorganizing its geographies and updating its supply chain. These efforts are expected to result in $2.5 billion in cost savings over the next four years, including […]
The Money Behind Arizona State’s Beleaguered Hockey Program
For the past decade, Arizona State’s Division I ice hockey program has captured national attention as an outlier in a relatively niche sport. As the NHL found renewed success across the American south, the college game’s expansion has been much slower—the Sun Devils remain the only true warm weather school at the NCAA’s highest level. […]
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