2025-10-31
We have just updated our job board with 2,500 new opportunities in the sports industry. Scroll to the end of this email for instructions on how to access it.
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Finance & Investments
The company could reportedly be valued between €3B and €4B.
The group generated revenues of approximately €1.6B last year.
The review follows the April death of major shareholder and CEO Aldo Hugo Sallustro.
The team generated a record $195M in net income, up from $125M in 2024.
Net admissions were the primary revenue source at $158M, followed by advertising at $50M.
Attendance ranked 5th in MLB, drawing over 3M fans for the first time since 2009.
Capital will fund projects including real estate and a potential new stadium.
The club is valued at $825M with $83M in 2024 revenue.
The team seeks a large minority partner via investment bank Moelis & Co.
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Media, Broadcasting & Sponsorships
The blackout affects subscribers' ability to watch key college football games this weekend.
An estimated 10 million subscribers are impacted by the expired carriage agreement.
YouTube TV will offer subscribers a $20 credit if the outage is prolonged.
The agreement extends into the 2030s, featuring playoffs, Finals, and the All-Star Game.
Cosm is expanding from two venues to new locations in Atlanta, Detroit, and Cleveland by 2027.
The venues use 87-foot screens, and the NBA views them as event campus extensions.
The new platform will cover over 100 men's and women's leagues and teams.
It will operate on a freemium model with premium content available for purchase.
The relaunch is timed to coincide with the men's 2026 FIFA World Cup.
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Teams & Leagues
The $10 billion valuation sets a record for the largest sale in pro sports history.
The Buss family, owners since 1979, will retain a roughly 15% stake in the team.
Jeanie Buss will remain the club's governor for at least five years.
The program is funded by a record $100M donation from Ross Stevens, CEO of Stone Ridge.
Grant funds are paid 20 years after retirement or at age 45, whichever is later.
Qualifying athletes also receive a $100,000 life insurance policy, and all benefits accumulate per Games.
The league and Women's National Basketball Players Association extended talks until Nov. 30.
Players exercised an option to end the current CBA early over inadequate compensation and terms.
The WNBA reportedly lost $40M in 2024 despite rising franchise values and TV ratings.
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Miscellaneous
A former COO and broadcast director were among the two employees and one consultant involved.
The fraud was discovered during the first annual audit conducted under new financial leadership.
The governing body has fired the individuals and is pursuing legal action to recover funds.
Funds will support tech, operations, international expansion, and new sports like pickleball.
The campaign opens Nov 4th for early access and Nov 5th for the general public.
The racket sports network currently has 4.7M+ players.
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