2026-01-13
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Finance & Investments
The project targets 12 franchises valued up to $1B, with the NBA retaining a 50% ownership stake.
The US league is partnering with global governing body FIBA to pitch investors in London and Berlin.
This expansion targets Europe’s wealthy market, aiming to rival the value of top professional soccer clubs.
Market research firm Mordor Intelligence predicts the sector will grow over 8% annually to hit $53.4B.
Sales are shifting from professional athletes to everyday consumers seeking general health and wellness.
The Asia-Pacific region offers the fastest growth as younger demographics adopt fitness lifestyles.
Paramount claims its $108.4B takeover bid is financially better than the $82.7B deal WBD accepted from Netflix.
The lawsuit demands WBD, the parent company of TNT, disclose exactly why it rejected the higher offer.
This legal move aims to give shareholders all necessary financial data before they finalize the sale.
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Media, Broadcasting & Sponsorships
The German soccer club will receive €100M over an eight-year contract extension ending in 2035.
This agreement significantly raises annual revenue compared to the previous €5.5M yearly rate.
The financial giant will add logos to training kits and improve payment systems at the stadium.
Games averaged 2.02M viewers as the league shifted more matchups to broadcast channels and fewer to cable.
NBC draws 2.9M viewers on Tuesdays, while Amazon Prime attracts an audience eight years younger than TV.
A record 115M people have watched national games this season, marking the highest total audience ever recorded.
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Teams & Leagues
The electric racing championship reported a record €78.3M loss while revenue dipped to €189.6M.
Majority owner Liberty Global, a telecommunications giant, backs spending now to maximize the sport's future value.
Executives are using the funds to develop faster cars, add more races, and attract new fans.
The racing league replaced its controversial single-race finale with a 10-race series to decide the winner.
Only the top 16 drivers will qualify based on total season points rather than individual race wins.
This shift addresses driver complaints that the previous elimination system prioritized TV drama over sporting merit.
He is the first star to leave the rival LIV Golf circuit under a new, limited-time return program.
Koepka accepts $50M to $85M in lost earnings to leave rival tour LIV Golf.
He also must donate $5M to charity, while other recent major winners have until Feb. 2 to apply.
The three-year agreement covers major tournaments, including the 2026 Men's and 2027 Women's World Cups.
Sports AI firm Stats Perform becomes the exclusive distributor of live match video to betting operators.
Licensed sportsbooks will receive real-time statistics and player insights to support accurate wagering.
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Miscellaneous
The firm partners with Saudi developer Dar Al Arkan to build on a 2.6M sq m site near Riyadh.
Plans include a Trump International Golf Club, a luxury hotel, and private homes within a major development zone.
This project expands the US company's footprint in the Middle East, adding to its 18 global golf properties.
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