Sixth Street, a global investment firm with about $65B in assets, will commit more capital to NWSL expansion club Bay FC “than probably any women’s professional sports team in the world,” said the firm’s CEO Alan Waxman.
An American firm — one of the biggest multi-club owners in soccer — is looking to raise a significant chunk of change to expand its global ambitions. Miami-based private equity firm 777 Partners is setting its sights on raising $220 million to fund its soccer portfolio, according to Bloomberg.
Microsoft has won a U.S. court decision to move forward with its $68.7 billion acquisition of Activision Blizzard, the developer of popular video games such as Call of Duty, World of Warcraft, and Overwatch.
Less than six years ago, the New York Times asked whether the upstart sports site The Athletic would “pillage” newspapers of their best talent. After today’s stunning announcement that the Times is shuttering its Sports section in favor of The Athletic, some wonder if that divide-and-conquer strategy is still in effect.
The New York Times is heading for a potentially nasty union fight in the wake of its decision to shut down its sports department. The NewsGuild of New York said late Monday that it intends to contest the Times’ decision to have its sports coverage handled by The Athletic, which the paper purchased early last year for $550 million.
The controversial alliance between the PGA Tour and Saudi Arabia’s Public Investment Fund will be laid bare on Tuesday when two Tour officials testify at a Senate hearing examining the bombshell agreement.
Major League Baseball is introducing its new generation of players as it conducts the 2023 amateur draft during All-Star Week in Seattle. The league uses the Midseason Classic to try to bring attention to its draft on the levels of its counterparts in the NFL and NBA.
Senate Majority Leader Chuck Schumer has asked the Food and Drug Administration to investigate Prime Hydration for its marketing towards children and the high amounts of caffeine in its energy drinks. Prime Hydration was founded by social media influencers Logan Paul and KSI.
After more than a generation of MLB team payrolls closely tied to on-field success, that model is being inverted like never before. Entering this week’s All-Star Break, the New York Mets — owners of MLB’s highest payroll ever at $348 million — are out of playoff position and openly musing about dismantling their current roster.
Congressman James Comer reportedly will propose legislation that can make way for the city of Washington, D.C. to build a new football stadium for the Commanders on the site of its former longtime home.