2026-09-21
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Finance & Investments
Keeneland, the world's largest horse auction house, sold 633 one-year-olds, including a record 65 above $1M and a top colt at $3.7M.
Taylor Made Sales Agency, a Kentucky family breeding business, led all sellers, moving 92 horses for $46.5M.
Sellers point to fewer foals born, richer race prizes, and a new US tax break that lets owners deduct more spending.
The share sale is one piece of a previously announced $2.6B mix of debt and equity from Apollo, a US investment firm.
The package values parent company Yankee Global Enterprises above $10B, versus the $8.8M the family paid for the club in 1973.
The Steinbrenners keep full control, and MLB rules cap outside investment firms at 15% of any franchise.
Despite a 13% increase in total bets, sportsbooks only kept $17M in profit because predictable game outcomes helped fans win more money.
Industry research firm Eilers and Krejcik Gaming expects a massive $40B to be wagered nationwide over the entire football season.
Kalshi, a financial trading platform, handled $702M in football-related contracts, sparking new battles with state regulators over unlicensed gambling rules.
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Media, Broadcasting & Sponsorships
French soccer star Mbappé is ending a 20-year Nike partnership for a new deal that reportedly gives him an ownership stake in On.
Swiss running shoe maker On, which generated $3.6B in recent annual revenue, also hired soccer legend Thierry Henry to lead its expansion.
The brand aims to disrupt dominant rivals like Adidas by launching innovative, tech-infused soccer boots co-designed with Mbappé in 2027.
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Teams & Leagues
Japan's women lost to India, cricket's dominant nation, on Friday, and the men play India on Monday in a sold-out, televised match.
Participation has doubled since 2022, and 245K Japanese fans visited cricket's official website during the men's World Cup, triple the 2024 number.
Cricket's place at the 2028 Olympics unlocked Japanese Olympic funding for coaches and schools, and organizers hope baseball dropouts become cricket players.
A 2025 legal settlement lets each Division I school pay athletes directly, capped at $21.58M this year across all sports, football included.
Men's basketball received about $4.2M of that pool on average, while top program rosters cost $7M to $10M, so sponsorship deals fill the gap.
High school recruits now compete for money against transfers from other colleges, who held 11 of 20 starting spots at the 2025 Final Four.
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Miscellaneous
The Louisiana-based tribe will route customer wagers through Kalshi via a newly created software application.
This agreement follows a federal trading regulator ruling that lets software providers broker bets without strict registration.
The deal defies other Native American tribes suing Kalshi to protect their legally exclusive gambling rights.
Umar Kremlev, president of the International Boxing Association and a close Putin associate, paid six figures for the island rental and fireworks.
House Oversight Democrats have opened an investigation, questioning why a Russian oligarch funded celebrations for the sitting president's son.
Kremlev's federation lost Olympic recognition in 2023 after refusing to explain its funding from Gazprom, Russia's state-owned energy company.
The FBI now counts 61 alleged victims, up from the 26 women who reported losing $1.3M, a total not yet updated.
Daejon Love, 35, used dating apps to pose as a 49ers wide receiver, with fake profiles convincing enough to fool Google and AI tools.
Alleged partner Taylor Chan, 18, posed as his financial adviser; both face federal wire fraud charges after an August arrest.
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