Grading Cards Gets A $200M Investment

Parent company Collectors is investing $200M into PSA, the industry-leading business that evaluates and scores the physical condition of trading cards.

The money will create over 1K jobs and speed up the grading service, reducing current customer wait times that can reach 160 days.

PSA graded a massive 19M cards last year, requiring new facilities to handle the historic, sustained boom in global collectible demand.

Madison Square Garden Sports, the publicly traded company owning the team, has already generated nearly $50M from five home playoff games.

Gross revenue could reach $180M if the franchise advances to the championship series and maximizes its remaining home-court schedule.

The basketball league keeps just a 25% cut of postseason ticket sales, leaving the parent company with a highly profitable 55% margin.

Supporters pledged about $5M to revive the men's and women's teams just three weeks after the university cut them to save money.

The athletic department is now seeking a $50M permanent endowment to fund the programs, which cost roughly $2.5M to run each year.

Other schools recently cut sports programs to save money, but Arkansas benefits from a massive $3B media rights deal through its athletic conference.

Subscription platform OnlyFans now sponsors 285 professional athletes, offering safe-for-work promotional deals to help them afford necessary training and travel.

Athletes facing up to $50K in out-of-pocket training costs use the platform to fund their Olympic dreams, keeping 80% of their subscriber earnings.

Taking this money carries major career risks, as strict sports governing bodies have issued multi-year bans and $32K fines for promoting the adult brand.

The multiyear agreement makes Polymarket the official prediction partner for Serie A in the US, granting access to official league data and logos.

The prediction platform is aggressively expanding its US soccer presence ahead of the upcoming World Cup, following similar partnerships with MLS and LaLiga.

The deal helps the Italian league grow its American audience while expanding Polymarket's sports portfolio, which includes a reported $300M agreement with MLB.

College sports league ACC announced that taking money from private investment firms does not currently make sense for its member schools.

Rival sports conference Big 12 recently partnered with private equity firm RedBird Capital to offer its schools a $30M credit line.

The ACC remains cautious about outside capital, especially since most Big 12 schools have declined the available $30M funding.

An arbitrator supported the College Sports Commission, a new oversight group, in canceling $7.5M in endorsement contracts for 18 athletes.

Officials ruled that PlayFly Sports, a sports marketing firm, acted as an illegal loophole for the university to bypass strict payment limits

This marks a major victory for new college sports spending rules, though upcoming court decisions could still reverse this specific outcome.

Polymarket’s trading volume dropped 9% to $10.3B in April, marking the betting platform's first monthly decline since August.

The company blamed delayed technical upgrades for the slump, while regulated US competitor Kalshi grew its volume 13% to $14.8B.