2026-02-13
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Finance & Investments
The DeVos family, owners of the NBA’s Orlando Magic, bought the team to join the elite sailing league.
Insulation giant Rockwool sold ownership to focus on sponsorship while the Americans handle sports management.
The $60M price tag highlights the rapid growth of SailGP, a competition likened to Formula 1 on water.
Wisconsin-based investment firm Reinhart Partners bought a new position worth approximately $55.6M.
MSGS owns iconic professional teams including the NBA’s New York Knicks and NHL’s Rangers.
The stock price has risen over 34% in the past year, significantly outperforming the market.
The gambling firm predicted 2026 revenue up to $6.9B, missing Wall Street's $7.3B target.
Shares fell 16% in after-hours trading, adding to a 45% decline over the last year.
This occurred despite the company increasing its quarterly sales by 43% to $1.9B and turning its first annual profit.
The venue operator reported $394M in revenue, marking its first profitable quarter since the Las Vegas site opened.
Ticket sales from "The Wizard of Oz" show drove a majority of the growth.
CEO James Dolan confirmed plans to build new high-tech arenas in Abu Dhabi and Maryland.
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Media, Broadcasting & Sponsorships
The broadcast averages 26.5M viewers, marking a 93% increase over the 2022 games in Beijing.
NBC's streaming service Peacock generated 5.3B viewing minutes, already topping the full 2022 tournament totals.
Better time zones in Italy and a strategy focusing on live coverage drove the historic audience growth.
The Women’s Sport Trust reports that 48M UK viewers tuned in, surpassing the previous record set in 2023.
Major global tournaments like the Women’s Euros and Rugby World Cup drove this surge in audience interest.
TV coverage exceeded 10K hours, with free channels capturing 79% of viewing time to maximize reach.
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Teams & Leagues
The NFL authorized a $32M investment to develop the new circuit with the TMRW Sports venture.
TMRW is a tech-focused sports company founded by golf legends Tiger Woods and Rory McIlroy currently operating the TGL Golf league.
This format capitalizes on a 15% rise in participation and the sport’s entry into the 2028 Olympics.
The championship game attracted 124.9M viewers, capping a season where average audiences grew 10% to 18.7M.
Investors valued the average team at $7.1B, a massive 25% increase driven by record-breaking private equity deals.
Team sponsorship revenue rose to $2.7B, fueled by heavy spending from financial and technology companies.
The sports firm is soliciting $25M from investors to fund a new professional circuit debuting this April.
Founder Nic Sulsky timed the fundraiser to coincide with the global popularity spike during the Winter Olympics.
The pitch targets the 250M fans who watch the Winter Games to convert them into year-round viewers.
The Adelson and Dumont families, who hold a 69% majority, stated they will not sell the NBA team.
They intend to exercise an option to buy more shares from minority owner Mark Cuban by 2027.
The group originally purchased control of the franchise in 2023 at a total valuation of $3.8B.
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Miscellaneous
Olympic Broadcasting Services uses 15 specialized drones to chase athletes and mimic their viewpoint during events.
Viewers praise the immersive visuals, though some complain the loud buzzing sound distracts from the experience.
While the technology aids storytelling, some athletes worry the close-flying devices create safety risks or distractions.
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