Sky Pays £200M For F1 UK Rights

Media giant Disney reported $4.6B in sports revenue, but the division's operating profit fell 5% to $652M.

The company blamed this profit drop on the high cost of broadcasting sports rights and airing fewer basketball games.

Disney's new CEO confirmed ESPN remains a core business focus while the network slowly transitions to a direct streaming model.

Sports investment firm UNA Sports Group bought the new New York summer and winter teams in a deal exceeding $10M.

This sale is the first of four global city franchises designed to shift the extreme sports competition into a team-based league.

The team-based model launches this June, offering a $500K championship prize to provide athletes with better structure and earning opportunities.

Although gambling parent company Flutter saw total revenue hit $4.3B, its profit dropped 38% to $209M due to unfavorable sports outcomes.

The business lowered its annual revenue projection to $18.3B and will shut down two FanDuel media products to reduce company operating costs.

To drive recovery, the firm replaced outgoing FanDuel CEO Amy Howe with current company president Christian Genetski as the new top leader.

The British sports network will reportedly pay £200M per season for this five-year extension to keep showing the global racing series.

Fans can still watch race highlights and the live British Grand Prix for free on local television network Channel 4.

Formula 1 also expanded its deal with sister network Sky Italia, securing its exclusive broadcast rights in Italy through the 2032 season.

The league averaged 4M viewers per game across major TV and streaming networks, marking a 22% increase from last year.

A major factor was longer series lengths, with six of the eight matchups playing at least six games to keep fans engaged.

A decisive seventh game between Philadelphia and Boston drew 11M viewers, helped by audiences staying tuned after the Kentucky Derby horse race.

Telemundo, a major Spanish-language media network, will air over 20 men's and women's national team matches yearly across its TV and streaming platforms.

The sports governing body U.S. Soccer renewed this partnership to connect with growing Spanish-speaking audiences ahead of the 2026 World Cup.

This agreement expands the network's soccer lineup, which already includes airing 92 matches during the upcoming 39-day summer World Cup tournament.

Ilitch Sports and Entertainment, owner of the Detroit Red Wings, partnered with the league to host the new team at Little Caesars Arena.

The decision follows four successful test games in Detroit that drew over 53K fans, proving strong local demand for professional women's hockey.

Funded by Los Angeles Dodgers owner Mark Walter, the single-entity league will use Detroit to launch a broader four-team expansion plan.

The referee union will vote on the new contract Thursday, well ahead of the May 31 expiration date.

In exchange for better pay, the professional football league demanded stricter performance standards and longer probationary periods for new officials.

This agreement prevents the use of inexperienced replacement referees, avoiding disastrous officiating mistakes like those seen during a 2012 labor dispute.

PGA Tour executives are open to ignoring past contract breaches if returning players can significantly improve the sport's fan experience and television ratings.

Star golfer Bryson DeChambeau offers massive viewership leverage with 2.7M online followers, making him a prime business target despite previously suing the tour.

While a handful of elite athletes have the leverage to negotiate a return, the vast majority of rival players lack the necessary mainstream appeal.

The undefeated boxer permanently dropped his legal case against the news outlet, with both sides agreeing to pay their own legal fees.

Mayweather originally sought $100M in damages over an article that questioned if he actually bought a massive Manhattan real estate portfolio.