EuroLeague Calls NBA’s Bluff On Takeover

The NFL team will leave the historic "Arrowhead" moniker at its current Missouri stadium when the lease expires in 2030.

The football franchise expects to sign a 20- to 25-year naming contract with a corporation that can enhance the upcoming $3B dome.

Management is also negotiating with several businesses to secure a separate corporate naming rights sponsor for a new Kansas practice facility.

EuroLeague, Europe's top basketball competition, says the NBA has sent no written proposal, though NBA commissioner Adam Silver calls the talks ongoing.

The NBA is building a rival 16-team European league for next fall, attracting bids of $500M to $1B per city.

EuroLeague is expanding to 24 teams on its own, with roughly $918.2M (€800M) in binding offers going to owners Oct. 6.

The Chiefs and Broncos matchup drew 23.2M viewers, marking the highest opening week audience for sports network ESPN since 2006.

The professional football league averaged 19.5M viewers across all opening games, dropping 13% from last year's record 22.3M average.

An alternative broadcast on the ESPN2 network reached 705K viewers, marking its lowest opening week total since launching in 2021.

Winning the deal would make the massive soccer tournament exclusive to a streaming platform in the US for the first time.

The streaming giant already owns the US broadcast rights for the upcoming Women's World Cup and is actively hiring coverage talent.

Live sports help attract new subscribers and advertisers for Netflix's ad-supported tier, which currently reaches over 250M global monthly users.

At least half the clubs below the Premier League are seeking investment or are fully for sale.

A group including Amazon founder Jeff Bezos is buying 38% of Liverpool at a $7.4B (£5.5B) valuation, a new European benchmark.

Most clubs lose money every year, so exhausted owners are cashing out to investment funds, family offices and celebrity-led groups.

Brian Rolapp, chief executive of the PGA Tour, said no new reinstatement program is planned for players who left for the rival LIV league.

LIV Golf filed for bankruptcy this month with debts of up to $1B after Saudi wealth fund PIF ended its financing.

Only Brooks Koepka took the earlier route back, paying $5M to charity, leaving stars such as Jon Rahm without a clear path.

Jennifer Abruzzo, former head attorney for the US labor board, is advising a college athlete group to help players successfully form labor unions.

The group has gathered over 100 union signatures from women’s basketball players, starting its legal test case with the Oregon State team.

Having lost her federal position, Abruzzo is now using state agencies to pursue industry-wide compensation and workplace standards for all student athletes.

Prosecutors named Kelce as fund manager Siddharth Jawahar was sentenced to 11 years in prison and ordered to repay $31.35M.

Jawahar's Texas firm, Swiftarc Capital, raised over $35M but invested only $10M, paying earlier investors with new investors' money.

The amount Kelce lost is not public, and Forbes has named NBA players Tim Hardaway Jr. and Mason Plumlee as fellow investors.