Middle East Conflict Crushes F1 Revenue By 38%

Liberty Media, the US owner of F1, saw Q2 racing revenue fall to $764M from $1.22B a year earlier.

Only five races were held versus nine last year, after Bahrain and Saudi Arabia were postponed over regional conflict.

MotoGP, which Liberty bought last July for $3.1B, posted a slight 2% revenue dip to $170M.

Sports betting company DraftKings saw second-quarter revenue fall 5% to $1.4B, even though total customer wagers jumped 15% to $13.1B.

The revenue drop happened because bettors won more games and the company spent heavily on promotions for its new sports prediction platform.

Despite the shortfall, the company maintained its annual profit targets of up to $900M, banking on growing user engagement before football season.

Nielsen, a major TV audience measurement company, is paying cash for DoubleVerify, a firm that checks if digital ads are actually seen.

The acquisition expands Nielsen's business beyond traditional television ratings by adding tools that ensure online ads appear on safe, legitimate websites.

DoubleVerify recently reported $193.8M in quarterly revenue, proving its steady financial value as a platform for tracking digital media effectiveness.

Airline giant Emirates will pay UK soccer team Arsenal £70M annually until 2033 to sponsor its stadium, jerseys, and training facilities.

This deal raises the yearly payout by £20M, making it the most lucrative sponsorship in the league following Arsenal's recent championship victory.

The partnership began in 2006 and remains the longest-running jersey sponsorship in English soccer, offering the airline unmatched global brand visibility.

Broadcast partner Fox Corp. told investors it will avoid new NFL contract talks until a formal opt-out clause kicks in during 2030.

The popular sports league had hoped to secure new, updated television agreements several years ahead of schedule.

While Fox enjoys massive TV ratings, the network recently criticized the NFL for moving more games to paid streaming platforms.

Local government Multnomah County approved $101.6M to upgrade the aging Moda Center arena, aiming to keep the NBA's Portland Trail Blazers from relocating.

The basketball team is requesting $573M total from local and state governments to finance the renovation and sign a new long-term lease.

This preliminary approval moves the deal forward as the city of Portland prepares to vote on its $120M share amid tense contract negotiations.

Law firm Gibson Dunn incorporated LIV Golf Bedminster LLC on July 15, weeks before the league's tournament at Trump National Bedminster.

Housing each event in its own company can shield assets from creditors, useful as LIV fights lawsuits in the US and UK.

Saudi Arabia's Public Investment Fund, the league's sole backer, cut funding this year; LIV now cites an unnamed new investor.

UEFA, European football's governing body, refuses to play in global tournaments until FIFA guarantees it will never again try to sell World Cup shares.

FIFA president Gianni Infantino is facing growing calls to resign and has lost endorsements from multiple European nations ahead of the 2027 election.

The ongoing protest threatens the participation of European teams in upcoming major international tournaments, starting with the September U-20 Women's World Cup.

The retired NFL star owns half of CardVault, a physical retail chain planning to open 100 locations across major US malls and stadiums.

The expansion targets a massive market boom, as the trading card industry skyrocketed from $10B to $50B after the pandemic.

Backed by Brady's star power and connections to sports merchandise giant Fanatics, the retailer projects a 400% revenue jump next year.