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2026-09-29

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Finance & Investments

  • A group including venture capital investor David Shuman is buying the share, though controlling owner Scott Malkin will continue running the team.

  • This $3B price tag highlights massive growth for the hockey franchise, which current ownership originally bought for just $485M in 2014.

  • The team's value jumped from a $1.75B appraisal in 2023, largely driven by its lucrative $1.1B multipurpose home venue, UBS Arena.

  • India recently banned online wagers, destroying Flutter’s $237M investment in local gaming firm Junglee and erasing $560M in expected revenue by 2027.

  • Brazil also banned online betting last week, a sudden regulatory shift that could cost the global gambling company another $70M in 2026 revenue.

  • These international setbacks and rising US competition have driven Flutter’s stock down over 60% this year as its longtime CEO prepares to resign.

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Media, Broadcasting & Sponsorships

  • Infront, a Swiss sports marketing agency, will find sponsors for World Table Tennis, the business arm of global governing body ITTF, through 2034.

  • The deal covers every tournament in the series, from smaller Contender events to the season-ending Finals, with Infront setting strategy and selling sponsorships.

  • The ITTF's flagship World Championships join once a current deal with rival agency IMG ends, letting sponsors access the sport's biggest events through one agency.

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Teams & Leagues

  • English soccer giant Manchester City were found guilty of misreporting finances and refusing to cooperate with league investigations during seasons they won seven titles.

  • Rivals Arsenal, Manchester United, Liverpool and Tottenham have reportedly preserved their right to compensation, with claims in the hundreds of millions of pounds discussed.

  • City's places in the Champions League, Europe's richest club tournament, earned £358M from 2011 to 2019; clubs that narrowly missed out earned £147M combined.

  • The sports league expects to surpass 70M total attendees this year, averaging nearly 30K fans per game.

  • The Tampa Bay Rays led attendance gains with an 80% spike after returning to their main stadium following hurricane repairs.

  • New broadcasting deals with TV network NBC and streaming platform Netflix attracted millions of viewers and a younger audience.

  • The college conference's rule covers NBA, WNBA, and G League minor league contracts, plus draft entrants who missed the withdrawal deadline.

  • The rule spares players suing for a fifth college season under the NCAA's new five-year model, as long as they never signed pro deals.

  • It is the first major conference with a basketball-specific rule, and a coach in the rival Big 12 expects his league to follow.

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Miscellaneous

  • FIFA, soccer's global governing body, will weigh the proposals at an Oct. 15 board meeting, but Infantino has not committed to any amount.

  • UEFA and Concacaf, which run soccer in Europe and North America, want at least $10M for each of FIFA's 211 national federations over 2027-30.

  • The push follows a successful 2026 men's World Cup and a scrapped FIFA commercial plan that put Infantino under intense scrutiny.

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