Gucci's $150M Bet On Formula One

Co-owner Jim Ratcliffe introduced strict cost-cutting measures that helped the popular English soccer team bounce back from a loss last year.

A massive 57% jump in television earnings to $87.1M easily offset a $22.4M expense for firing former coach Ruben Amorim.

The franchise raised its annual revenue forecast to $893M, expecting continued financial growth next year by returning to the Champions League.

Cleveland Guardians Ownership Group As Minority Investor
The Chiefs tight end is buying a stake in the MLB team he grew up watching, now valued at $1.7B.

Kelce was brought in by David Blitzer, a minority owner positioned to take majority control of the Guardians as early as after the 2027 season.

He joins a growing roster of active athlete-investors in MLB, including LeBron James (Red Sox), Giannis Antetokounmpo (Brewers) and Patrick Mahomes (Royals).

Major investment funds and NBA star Kevin Durant's firm provided the $12M to help the sports tech company scale its business.

The company is launching a smart soccer ball with a built-in GPS tracker to easily capture performance data without complex field setups.

The funding supports rapid growth, as the tracking technology is already used by major sports organizations like FIFA and professional baseball teams.

The event, backed by financial giant Bank of America, beat last year's record of $50.4M to hit a new all-time high.

The funds go directly to 193 different nonprofits, supported by athletes who pledge to raise money in exchange for a race spot.

Since this official charity initiative began in 1989, marathon runners have raised more than $675M to support various community programs.

Italian luxury brand Gucci will pay an estimated $150M over three years to become the primary sponsor of the Alpine racing team.

The racing team will take on the Gucci name and compete in the fashion house's signature colors starting next year.

This historic deal aims to connect the premium clothing company with the rapidly expanding, younger, and increasingly female audience of global motorsport.

UK television network Sky Sports reversed previous audience declines by keeping fans engaged, drawing 3M viewers on the final day alone.

This massive growth was driven by a tight championship race, culminating in Arsenal winning its first league title in over two decades.

The broader European soccer boom includes Italy, where rising TV audiences helped boost top league Serie A's sponsorship revenues to €90M.

Attorneys general subpoenaed FIFA, the global soccer governing body, to probe complaints about ticket sales for eight games at MetLife Stadium.

Officials accuse the organization of misleading fans with false seating maps and hiding premium front-row seats to artificially inflate prices.

Buyers felt scammed after discovering standard advertised seats were actually reserved for luxury group packages costing up to $6K.

The players' union wants to double the minimum player salary to $1.5M and force low-spending teams to invest more money into their rosters.

Major League Baseball rejected the offer, arguing it gives wealthy teams an extra $70M to spend instead of helping poorer franchises compete.

Team owners will counter with a strict salary cap, sparking tense negotiations that could lead to canceled games if a deal fails.

U.S. Senators Ted Cruz and Maria Cantwell drafted the legislation, capping university athletic spending at roughly $20.5M to regulate student-athlete compensation.

The proposal offers specific legal exemptions to limit player eligibility to five years and regulate transfers without triggering costly antitrust lawsuits.

While aiming to establish clear national rules, the bill faces steep political odds after more than 40 similar congressional efforts failed recently.

U.S. law firm Bleichmar Fonti & Auld sued sports betting data company Sportradar for allegedly lying to investors about its compliance standards.

The lawsuit follows independent research reports claiming up to 40% of the company's revenue secretly came from unregulated, illegal gambling operators.

These illegal gambling accusations caused Sportradar stock to crash 22%, destroying the value of shares for investors who trusted the firm.

The veteran sports executive co-founded the soccer franchise in 2005 but claims the team still struggles to generate a profit today.

Checketts blames weak media rights, noting the league's $2.5B Apple deal cannot compete with European soccer, which dominates American viewership.

Checketts sold his stake in 2013, and the team was recently bought by former basketball owner Gail Miller for $600M in 2025.