2025-11-24
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Finance & Investments
The proposal would create a subsidiary company with an investor holding a ~5% stake.
Any change requires approval via referendum from the club's 98,000 members.
The investor would receive dividends but have no voting rights, ensuring members retain control.
The sale involved 37.9M new shares, representing 9.1% of the company’s capital.
Shares slid as much as 9.7% before recovering near the $2.97 offering price.
Proceeds will also help raise its brand and maintain sporting competitiveness.
Apollo launched a $5B fund while CVC Capital Partners formed a $14B sports holding group.
CVC invested €4B in LaLiga and Serie A entities to secure long-term media rights revenue.
Analysts expect the global sports market to surpass $600B in value within five years.
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Media, Broadcasting & Sponsorships
The league launched its own streaming service after becoming the first of Europe's 'Big Five' to lose a major domestic TV partner (DAZN).
League distribution fell to €142M this season, down from €500M generated last year.
The domestic champion will receive just €30.1M from the reduced media rights pool.
Paramount submitted the sole bid for all of WBD, backed by Oracle's Larry Ellison.
Comcast and Netflix are focused on acquiring WBD's film/television studios and HBO Max.
WBD aims to complete its strategic review process by the end of the year.
Fubo claims NBCUniversal (NBCU) demanded "egregiously" high pricing not offered to others.
NBCU counters it offered Fubo the same standard terms accepted by hundreds of distributors.
The blackout began Friday, affecting college football, NFL games, and Premier League matches in the US.
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Teams & Leagues
The rules limit clubs' on-pitch spending on wages and transfers to 85% of revenue.
A rejected "anchoring" system would have capped spending at 5x the bottom club's income.
The system starts in the 2026/27 season, with current profitability rules remaining until then.
The current injury rate matches last season's record, the highest tracked since 2005.
Calf injuries are up significantly, with a 68% jump in players affected last season.
A faster game pace, with the most possessions since 1986-87, is a potential factor.
Winning school receives a $250,000 athletic donation with Subway serving as the presenting sponsor.
Corner Canyon (12-1) faces St. Frances Academy (8-1) on Dec 10 via ESPN broadcast.
Organizers plan to expand the single-game format into an annual multi-team tournament structure.
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Miscellaneous
October volume hit 2.5B contracts, exceeding the 2.3B traded throughout the entire third quarter.
Users can now place resting orders to set specific prices instead of accepting offered rates.
The update enables 24/7 trading and adds a dedicated hub for live game data.
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