The $30 Billion Summer Of Sports

Sales of four major U.S. teams, including the Lakers and Seahawks, topped $30B, beating the total value of any past full year.

The $12.5B Lakers purchase by investor Joshua Kushner marks the priciest sports deal ever, while the Seahawks and Angels also set league records.

Wealthy institutional investors are buying these rare teams to gain tax benefits and secure safe assets protected from future artificial intelligence disruptions.

Kroenke, worth $26.8B, already owns the NFL's Los Angeles Rams, NBA's Denver Nuggets, NHL's Colorado Avalanche and Premier League club Arsenal.

The price tops the recent $3.9B San Diego Padres sale as MLB's largest, and the deal needs league approval before an expected early 2027 close.

Seller Arte Moreno paid $183.5M for the team in 2003, meaning its value has grown more than 20-fold under his ownership.

The Memphis-based regional bank, already Tennessee's official banking partner, extended its deal for 10 years, covering football and eight other varsity sports.

The agreement funds student-athlete influencer marketing and puts First Horizon's name on two premium club areas at the football and baseball stadiums.

It is Tennessee's second jersey patch after basketball's deal with shipping firm Axle Logistics, with the two agreements generating more than $15M annually.

The Google-owned streamer has reportedly passed 10M subscribers, while the wider pay TV industry has lost nearly 40M since 2015.

A seven-year, $14B NFL Sunday Ticket deal in 2022 convinced networks it was serious, lifting subscriptions from 6M to over 9M in two years.

Much of ESPN's streaming content is now viewable inside the service, and YouTube is reportedly a frontrunner for NBA teams' local broadcast rights.

France's top soccer league expects to open bidding in October for the broadcast cycle running from 2029/30 through 2033/34.

League executives have reportedly held early talks with Apple, Amazon, Netflix, Paramount, and French pay-TV giant Canal+, which remains interested.

Its subscription-based streaming service may earn clubs about $166M, far below the €325M per season sports streamer DAZN promised before its deal collapsed.

The federation is replacing its single sporting director with two distinct leaders dedicated exclusively to men’s and women’s youth and developmental programs.

National team head coaches Emma Hayes and Mauricio Pochettino will report directly to U.S. Soccer CEO JT Batson, gaining broad developmental control.

Executives determined the American soccer ecosystem is too massive for one person to successfully manage talent pipelines for both unique games.

Meta agreed with 52 attorneys general to pay up to $18B over 10 years and add teen safety features like time limits.

Like Meta's platforms, betting apps use rewards, notifications and personalized offers to drive engagement, and studies show most online bettors lose money.

Bettors have already sued sportsbook giants DraftKings and FanDuel, claiming addictive app designs caused financial losses and personal distress.