Netflix Secures $200M British Boxing Brawl

British heavyweights Tyson Fury and Anthony Joshua will split about $200M (£151M), their largest paydays, after six years of failed talks.

Streaming giant Netflix, which will broadcast the fight, pushed for New York to hit US prime time, but Joshua's camp insisted on the UK.

Cardiff's 74K-seat Principality Stadium was chosen over London's Wembley, whose curfew blocked the early-morning local start needed for US prime time.

Team owners can sell up to 20% of a club to private equity firms, investment funds that buy stakes in businesses, up from 15%.

Up to 20 MLB clubs already have private equity links, including a 4% Yankees stake sold to investment giant Apollo Global Management.

Investors like that 70%-80% of top sports revenue comes from long-term media and sponsorship deals, shielding teams from recessions, says sports investment firm Arctos.

Sports research firm SSRS reports that 64% of today's NASCAR fans lack a favorite driver, doubling the 31% seen in 2009.

Legendary racers recently retired, leaving the sport's current top five most popular drivers with a combined fan share of only 17%.

SSRS executive Chad Menefee warns this trend hurts business, as strong driver personalities are critical for attracting a new audience.

European clubs spent a record €10B+ buying players from other clubs this summer, with English clubs responsible for almost half.

English clubs paid an average of €24M per new player versus under €5M in Europe's other major leagues, so any price drop hits them hardest.

Andrea Traverso, finance chief at European football's governing body UEFA, says clubs pay fees over several years, building debt that relies on prices rising.

House Republicans are blocking the bill because it fails to explicitly prevent student-athletes from being legally classified as paid employees.

Some lawmakers also want to add a strict rule limiting international players to just 20% of available spots on college team rosters.

The legislation must pass before a new Congress takes office in January, or lawmakers will be forced to restart the entire legislative process.

The Mexican soccer governing body claims prediction market Kalshi illegally used its Liga MX brand and team logos to promote bets.

Kalshi argues this falls under fair use to describe events, mirroring how betting company DraftKings is defending a similar NCAA lawsuit.

The federation seeks a court order to stop the unauthorized use of its logos alongside financial damages for the alleged infringement.

New York Attorney General Letitia James says Polymarket, a platform where users bet on yes-or-no outcomes, took sports bets without a state license.

The state wants Polymarket shut down in New York and fined, following a similar lawsuit it filed against rival prediction market Kalshi.

Polymarket vows to keep operating in New York, while federal regulator the CFTC says its authority over these markets overrides the states.