2025-11-06
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Finance & Investments
20% of 111 billionaire families surveyed now own controlling stakes, up from 6%.
One-third invested in sports, making it the top specialty asset class ahead of art.
Recent deals include a $10.3B valuation for the NFL's New York Giants.
F1 Group operating income increased to $158M, up from $110M in Q3 2024.
Total group revenue hit $1.085B, including $169M from its new MotoGP property.
The company also signed a new US media distribution partnership with Apple for F1.
Q3 revenue was $1.12B with a $106.8M profit, slightly beating analyst expectations.
The decline was due to one fewer UFC event vs. a Q3 2024 that included a record Sphere event.
TKO also announced a $1B share buyback program and doubled its cash dividend.
Operating income for the quarter increased sixfold to $38.9 million versus the prior year.
Nine-month baseball revenue surpassed $600M for the first time, exceeding all of 2024.
Real estate revenue grew 44% to $70.9M, driven by its mixed-use development.
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Media, Broadcasting & Sponsorships
The deal is valued at an estimated mid-eight figures annually.
Heineken will title sponsor five races, including new ones in Brazil, Spain and England.
The brewer is reportedly set to exit its UEFA Champions League sponsorship in 2027.
The agreement provides exclusive US coverage of 10 PFL MENA and Africa events through 2026.
Subscribers also gain free on-demand access to 50 hours of the league's archived fights.
The partnership comes as PFL's primary domestic broadcast contract with ESPN expires next year.
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Teams & Leagues
Players without tour status face a one-year ban for attempting to qualify for LIV.
The Public Investment Fund of Saudi Arabia's total outlay on LIV Golf is estimated near $5B.
Formal partnership talks between the tour and LIV's backers have not occurred for months.
The sale was finalized before a Nov. 10 deadline to avoid historical protection status.
The new 71,500-seat venue is part of a project covering over 3M square feet.
San Siro will host the 2026 Olympics opening ceremony before being mostly demolished.
The team will contribute $500M+, with Bexar County adding $311M and the city adding $489M.
The decision ends speculation that the Spurs might relocate to another city, such as Austin.
The new arena is scheduled to open in the early 2030s as the current lease expires in 2032.
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Miscellaneous
The inaugural prize will be presented in Washington D.C. on December 5.
It will acknowledge individuals who have taken exceptional actions to unite people in peace.
FIFA has declined to specify how the winner would be chosen or by whom.
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