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2026-07-21

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Finance & Investments

  • Textor seeks at least $400M, claiming sports owner Kang tricked him into giving up control of the French soccer club Olympique Lyonnais.

  • The lawsuit alleges Kang secretly partnered with lender Ares to form a shadow board, intentionally devaluing Textor's holding company to buy the club cheaply.

  • Kang denies these claims, stating the lawsuit is a baseless distraction from an audit that found suspicious financial transactions under Textor.

  • Nancy Walton Laurie, a Walmart founder's daughter worth $17.8B, brings deep financial backing and local ties from living near Las Vegas.

  • The couple previously owned the NHL's St. Louis Blues, selling the hockey team for $150M in 2006 after several failed NBA bids.

  • They face strong competition from notable figures like former Disney CEO Bob Iger as groups submit final expansion plans to the league.

  • The $121M total covers part of a $75M federal fine alongside resolutions to major football hazing and wrongful termination lawsuits.

  • Former head football coach Pat Fitzgerald and 34 ex-players received undisclosed payouts to drop claims regarding a toxic team culture.

  • The final settlement total proves the fired coach accepted far less than the $130M he originally demanded from the university.

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Media, Broadcasting & Sponsorships

  • The movie earned $214M in nine days, defying typical trends by growing its second-weekend sales to project a $450M total.

  • Director Stephen Chow created the film as a spinoff to his 2001 hit, featuring women playing soccer with martial arts.

  • Following its massive financial success during the World Cup, the Chinese film expects a North American theater release this year.

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Teams & Leagues

  • Commissioner Greg Sankey said frustrations over poorly enforced national rules and legal disputes are driving this drastic consideration.

  • The elite athletic conference prefers to remain national but wants the US government to pass laws creating clear sports standards.

  • Leaders are also evaluating if expanding the college football playoff further is physically safe for students and desired by fans.

  • The extension ensures Goodell, the league's top executive, stays to negotiate a new players union contract that could introduce an 18-game season.

  • He will also manage upcoming TV broadcasting deals, aiming to top the current $110B agreement to capture more money from massive viewership.

  • Owners expect to finalize his contract around October, following an August vote on a record-breaking $9.6B sale of the Seattle Seahawks franchise.

  • Canadian tech company Mobii Systems Group is suing the league for $1.1M over unpaid invoices and an unexpectedly canceled streaming contract.

  • This adds to a massive $630M lawsuit from rival golf organizers claiming stolen ideas, increasing financial pressure on the Saudi-backed league.

  • LIV’s chief executive is currently seeking new investors as doubts grow over whether the league can fund its remaining four scheduled tournaments.

  • The Women's Tennis Association will require players to take a one-time swab or blood test for a gene linked to male sex development.

  • This rule replaces previous testosterone limits to ensure fair competition, defining biological females strictly as players without this specific gene.

  • The tennis tour's decision matches recent eligibility mandates introduced by major global sports organizers like World Athletics and the International Olympic Committee.

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Miscellaneous

  • Platforms like prediction market operator Kalshi handled an estimated 27% of all US wagers during the tournament.

  • Kalshi added 3M new users, surpassing major traditional sportsbooks DraftKings and FanDuel in daily app usage.

  • This growth is fueled by federal rules letting prediction markets accept 18-year-olds and operate where sports betting is illegal.

  • The former football star publicly asked WWE executives to script a match for him so he can showcase his athleticism as a villain.

  • To generate hype, Brady slapped YouTuber and current WWE wrestler Logan Paul during a public confrontation at a recent fan festival.

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