2025-11-27
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Finance & Investments
The $246B firm targets private equity deals across teams, leagues, and intellectual property.
Abu Dhabi manager Lunate anchored the strategy to support business scaling and growth.
Golfer Rory McIlroy serves as an Operating Partner to help source new investments.
The transaction with 'A Paradise Acquisition' is expected to close in the first half of 2026.
Enhanced expects to receive up to $200M in gross cash proceeds from the deal.
Revenue will come from brand partnerships, broadcasting rights, and performance-focused consumer products with the first competition planned for May 2026.
Chinese apparel firm Li Ning and Japan's Asics Corp are also reported bidders.
The company's stock has more than halved year-to-date amid a competitive market.
Puma recently reported a double-digit percentage decline in quarterly sales.
Robinhood clients traded 2.3 billion event contracts in Q3, doubling the previous quarter's volume.
They gain infrastructure to independently list and clear contracts, removing reliance on external partners.
This challenges Kalshi, which recently derived over 50% of its volume from Robinhood users.
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Media, Broadcasting & Sponsorships
The new agreements will begin with the 2026/27 season.
The league's Brazilian soccer fan base doubled to 24M between 2018 and 2024.
Live viewership is up 811% in a decade, hitting 170M views this season.
The target market of Chinese college students spent approximately $119.2B last year.
Adidas, Nike, Anta, and Xtep now sponsor various university running, basketball, and football leagues.
The strategy also includes R&D efforts to co-develop shoes with university labs.
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Teams & Leagues
The league owes vendors and athletes substantially more than $10M.
All vendors must unanimously accept the reduced payment offer by December 5.
GST's troubles follow receiving only $13M of its announced $30M+ funding commitment.
The teams allege NASCAR's charter system is an anti-competitive monopoly that suppresses their earnings.
NASCAR argues its success is merit-based, citing charter values rising tenfold to $45M.
Michael Jordan and NASCAR's CEO will testify in the 10-day trial starting next Monday.
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Miscellaneous
The prediction market previously exited the U.S. in 2022 after a $1.4M fine.
NYSE-owner Intercontinental Exchange recently invested $2B, valuing the platform at $8B.
Its return was enabled by its $112M acquisition of a CFTC-licensed exchange.
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