2025-11-10
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Finance & Investments
The proposal sells a 10% stake in conference assets and requires a grant-of-rights until 2046.
Members have involved the American Council of Trustees and Alumni and are considering litigation.
USC and Michigan are opposed to the deal, but a conference vote is still considered.
Incremental tariffs cost the company $12M in Q3 and are projected at $40M for 2025.
Despite costs, Q3 net revenue rose 3% to $934M, raising full-year guidance.
The company is still evaluating a potential spinoff or sale of its TopGolf division.
Fastbreak AI is raising $40M in new funding.
Greycroft and GTMfund led the round; the NHL also invested.
The NBA used the firm’s AI for its 2023 in-season tournament.
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Media, Broadcasting & Sponsorships
The postseason averaged 6.33 million viewers, driven by a record seven winner-take-all games.
This ratings jump followed regular season growth across FOX (+9%) and ESPN (+21%).
FOX aired the nine most-watched games of the postseason, including the World Series.
The NFL will simulcast its next two Monday Night Football games on broadcast ABC.
Disney accuses YouTube TV of demanding preferential terms, while YouTube TV alleges Disney is misrepresenting facts.
A recent Monday Night Football game on ESPN saw a 21% audience decline vs. last year.
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Teams & Leagues
The planned 16-team league will include four spots earned via a play-in tournament.
Targeted cities for teams include London, Paris, Berlin, Madrid, Rome, and Milan.
JP Morgan and Raine Group are seeking investors, including sovereign wealth funds.
Trump attended Sunday's game as a guest of team owner Josh Harris.
White House sources report back-channel communications with the team's ownership group.
A source suggests Trump may use influence over government approvals to get his way.
The event featured a record $5.25M payout to winner Elena Rybakina.
CEO Portia Archer cited growing local interest and Saudi financial commitments as reasons.
The current three-year agreement expires after the 2025 tournament.
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Miscellaneous
Finishers surpassed 59,226, with the 25-29 age bracket being the largest cohort.
Runners under 30 comprised 24% of all 2025 finishers, up from just 17% in 2022.
Participants 60+ increased 88% since 2015, with women 70+ seeing 250% growth.
Guardians' Clase and Ortiz allegedly fixed "prop" bets by altering pitch types/speeds.
The scheme reportedly allowed bettors to win $700K from Clase's pitches and $60K from Ortiz's.
Both players face wire fraud charges and a potential 30-year prison sentence.
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