2025-11-28
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Finance & Investments
Representatives told investors the entity cannot allocate new funds for the foreseeable future.
Expensive domestic projects left the portfolio with 'only' $60 billion in available liquidity.
Managers told partners new capital now requires funneling double the amount back into Saudi companies.
The Toronto Maple Leafs ($4.3B), NY Rangers ($3.8B), and Montreal Canadiens ($3.4B) are most valuable.
Average team revenue for the 2024-25 season rose 9% to $243M, with earnings up 20%.
A new 12-year Canadian TV deal with Rogers is worth $7.79B, double the prior agreement.
The company forecasts at least 20% EBITDA growth for its FY26 fiscal year.
FY26 year-end cash is expected to reach $30M–$35M, helped by a $19M asset sale.
Former Newcastle owner Mike Ashley submitted the initial bid on November 25.
Sheffield United owners COH Sports contacted officials regarding a controversial proposal to merge clubs.
Administrators, managing the insolvent club's affairs, required £50M proof of funds by November 21.
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Media, Broadcasting & Sponsorships
The 2022 World Cup final drew 1.42B global viewers, dwarfing the Super Bowl's 127.7M.
A 30-second Super Bowl ad costs $7M-$8M, versus ~£400K for a top World Cup match.
FIFA projects the 2026 event will attract 6B viewers, an increase from 5B in 2022.
Gotham FC's NWSL Championship win averaged a record 1.18M viewers, up 22% YoY.
SailGP's 'The Race to Abu Dhabi' drew 3.47M viewers, a US sailing broadcast record.
Viewership for the NWSL title game among adults 18-34 grew 70% year-over-year.
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Teams & Leagues
The university confirmed Kelly was fired "without cause," the designation required to trigger the payment.
The agreement follows a lawsuit Kelly filed after LSU offered lower settlements of $25M and $30M.
Kelly’s contract includes an offset clause, reducing the total payout by his future earnings.
A new team-led board of governors will now oversee league operations.
European Football Alliance (EFA) formed this year after teams broke from European League of Football (ELF).
ELF co-founder and CEO Zeljko Karajica will step down after alleged gross negligence.
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Miscellaneous
The sports tourism market is projected to nearly triple in value by 2032.
Asia-Pacific is the fastest-growing region, with 17.85% projected annual growth until 2032.
A survey finds U.S. millennials are 87% more likely to plan travel for pickleball.
The suit claims users unknowingly bet against Kalshi’s subsidiaries, not other bettors.
Allegedly, 90% of Kalshi's September volume, about $2 billion, was from sports betting.
Filed in New York, the suit seeks to recover wagers and triple damages.
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