2026-03-12
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Finance & Investments
The retired Swiss athlete reached an estimated net worth of $1.1B, earning a spot on the newest billionaires list from business magazine Forbes.
He joins elite athletes like NBA star LeBron James and golfer Tiger Woods who built wealth through sports, endorsements, and business deals.
Before retiring in 2022, Federer dominated tennis by winning 20 major championships and holding the world top ranking for 310 weeks.
Hall of Fame basketball player Magic Johnson met with Nevada leaders to pitch a new professional basketball franchise for Las Vegas.
His investment group, The MAGI, is currently reviewing multiple locations to build a dedicated sports arena and resort complex.
Formal negotiations could begin next month if the NBA officially selects Las Vegas as a candidate city for league expansion.
American investor David Storch, founder of Arise Capital Partners, signed an exclusive agreement to buy the English team.
The historic franchise has been in financial distress since October and urgently needs a buyer to secure its future.
The team faces severe league penalties next season if it fails to repay a £15M loan to its former owner.
The famous English soccer club owes over £1B, making it highly indebted before even starting construction on a new venue.
British billionaire and club co-owner Jim Ratcliffe is increasingly using short-term loans just to cover daily operations and expensive player transfers.
To fund the project, the team must secure massive new loans that rely entirely on the future stadium's profits to be repaid.
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Media, Broadcasting & Sponsorships
The Monday baseball game between the US and Mexico averaged 5.02M viewers, breaking the 4.97M record set by the 2023 championship match.
This audience easily crushed the prior early-round record of 1.48M viewers, rivaling totals usually seen during late-stage professional baseball playoffs.
The record-breaking event highlights a broader resurgence in baseball interest, with spring exhibition game viewership also jumping 84% to average 531K viewers.
French makeup retailer Sephora is the new official beauty sponsor for F1 Academy, a junior league aimed at advancing female drivers.
The company will sponsor driver Natalia Granada and host luxury beauty stations at 18 races to increase its brand visibility.
Sephora joins major consumer companies like Gatorade and Lego in funding the push to get women back into top-tier Formula 1 racing.
Panini America, a major global collectibles brand, takes over the soccer league's license to produce physical and digital trading cards.
The first card collections cost up to $225, a steep price increase that fans worry could price out everyday collectors.
The deal aims to boost card values closer to the WNBA, a women's basketball league where cards recently sold for over $100K.
Broadcasting giants CBS, Fox, and ESPN reported their highest men's audiences in years, with CBS leading the pack at 1.42M viewers per game.
Women's games also achieved historic highs, as sports network ESPN averaged 333K viewers for its most-watched regular season in over a decade.
A new tracking system by data firm Nielsen inflated baseline ratings up to 10%, but genuine fan viewership easily exceeded those technical gains.
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Teams & Leagues
Steve Tisch and his siblings will move their remaining 23.1 percent ownership share of the NFL team into trusts for their children.
The move follows recently released documents revealing that convicted sex offender Jeffrey Epstein connected Tisch with several women in 2013.
Despite giving up official ownership, a team spokesperson confirmed that Tisch will remain involved with the football franchise's daily operations as usual.
Chinese automaker BYD, which recently passed Tesla by selling 2.25M electric vehicles, wants to grow its brand outside of China.
The company may start a new racing team or buy an existing one, though launching a new car could cost $500M per season.
Joining Formula One aligns with the sport's shift toward hybrid engines and offers BYD massive exposure in untapped markets like the US.
The women's basketball league and its players union missed a critical March 10 deadline and are holding marathon meetings to prevent season delays.
Negotiations center on housing and revenue, with the league offering a $5.75M salary cap while the players demand roughly $9.45M.
A final agreement is urgently needed to schedule the upcoming expansion draft for two new teams and the April college draft.
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Miscellaneous
The local town of Foxborough threatened to block the games unless it received $7.8M upfront to cover police and fire staffing.
Patriots owner Robert Kraft agreed to pay the shortfall so the stadium can secure its required FIFA entertainment license.
Local organizers had to cover the bill because $625M in promised federal security funding remains frozen by a government shutdown.
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