2025-11-21
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Finance & Investments
The deal values the team at $6B, topping rival McLaren's recent $4.7B valuation.
Kurtz paid $300M for a 15% share of Toto Wolff's holding company, a 5% stake in the team.
The team's ownership remains split between Wolff, Mercedes-Benz, and INEOS.
The potential sale includes Wasserman's 25% stake in influencer-focused Misfits Boxing.
A deal with an interested investor could be announced before the end of the year.
Formed in 2021 via an acquisition, the division's founding Sauerland brothers intend to stay.
American Cornhole League World Championships now feature 1,800 players, up 800%.
The professional league's tournaments are broadcast on ESPN, ESPN+, and CBS Sports Network.
Over 85 celebrities have participated in events with sponsors prominent sponsors.
UK comparable sales fell 3.3% while revenue in the vital North American market slid 1.7%.
Shares dipped 2.4% in early trading, extending a 16% decline accumulated throughout this year.
CEO Régis Schultz blames high unemployment among the retailer's core 16- to 24-year-old demographic.
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Media, Broadcasting & Sponsorships
Games reached 60.27M unique viewers, nearly doubling last year's total and highest since 2010.
The viewership increase climbs to 52% when including games broadcast on NBA TV.
The new 11-year media rights deal is valued at a total of $77B.
Lego will field a car on the all-female series' grid starting in 2026.
A 201-piece F1 Academy car construction set will also be released in March 2026.
The deal aims to engage girls in motorsport, expanding Lego's existing F1 partnership.
TNT Sports loses the UK rights it has held since 2013.
Sky Sports will broadcast the Europa League and Conference League for the same period.
Amazon Prime Video retains its package of first-pick Tuesday night Champions League games.
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Teams & Leagues
An inaugural April event in Los Angeles features teams competing for a $100,000 prize pool.
Chiron Sports Group backs the venture alongside three-time Olympic gold medalist Lee Kiefer.
Matches utilize AI motion-capture blade tracking and simplified rules to enhance viewer accessibility.
The proposal would tether the richest clubs' spending to the revenue of bottom teams.
An indicative spending limit is $787M, a figure only four clubs currently exceed.
Any new spending rule requires approval from 14 of the 20 member clubs.
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Miscellaneous
Lenders now finance specific assets like media rights and stadiums, not entire teams.
Pension funds, insurers, and global asset managers increasingly treat sports as an investment.
Financing extends beyond pro leagues to collegiate, women's, and youth sports organizations.
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