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☆ I'm a 26-year-old software engineer making $75,000, and still dream of becoming a professional e-sports athlete. Here's how I balance work and my gaming endeavors
▼ + stars: | 2024-04-27 | by ( Madison Hall | ) www.businessinsider.com time to read: +7 min

Read previewThis as-told-to essay is based on a conversation with Andy Collins, a 26-year-old software engineer from Chicago pursuing a professional esports career playing the first-person shooting game Valorant. Being a professional esports competitor wasn't the most well-known or traditional career path at the time. Valorant has only been out for four years, but its professional esports scene is rapidly growing in popularity. Even though I'm playing far fewer hours per day than before — I only spend around four hours after work each day playing other teams and strategizing for my weekly matches — I'm in my best-ever form. Are you a professional esports athlete and want to share your story?

Persons: —, Andy Collins, didn't, would've, Valorant, — you've, DarkZero, Valorant esports, I'm, wasn't, I've Organizations: Service, Business, Robert Morris University ., Valorant's Challengers League, North American, League, —, The Guard, Riot Games, DoorDash, Starbucks, Madison Locations: Chicago, United States, Austin, Valorant, mhall@businessinsider.com

Whispering in the ears of the billionaires and celebrities doing the buying, however, are investment bankers. Like other sports bankers BI interviewed for our list of top sports bankers, he exemplified a good-humored, approachable attitude, including joking about his many sports allegiances. Related stories"Earlier in my career, I made the mistake of telling Bob Kraft that I was a New York Jets fan," Carey told BI recently. They're obsessive Jets fans, and they're just fans because I'm a Jets fan," Neville told BI. So that's why we'll be Jets fans forever."

Persons: it's, Goldman Sachs, Greg Carey, everyone's, Carey, Colin Neville's, he's, David Beckham, Steve Ballmer, Joe Tsai, Ballmer, Tsai, Neville, Andrew Kline, Kline, Bob Kraft, I'm, Robert Tilliss, There's, Abramovich, Vladimir Putin, Todd Boehly, Joe Lenehan, Michael Arougheti, David Rubenstein's, doesn't, there's Organizations: NBA, JPMorgan, Business, The, PJT Partners, Chelsea FC, Baltimore Orioles, Sports, Goldman, Endeavor, WWE, Microsoft, Beckham's, Los Angeles Clippers, Brooklyn Nets, Barclays Center, St, Louis Rams, Los Angeles Rams, Golden State Warriors, Miami Heat, Harvard, US Rugby National, Cal, New York Jets, BI, Patriots, Giants, Rays, Chelsea, Circle, Atlanta Hawks NBA, New York Mets, NFL, soccer's Premier League, Russian, Chelsea football, LA Dodgers, Yankees, Manchester United Games, Jets, we'll Locations: European, Los Angeles, Berkeley, Barcelona, Ukraine, New York

Kline was drafted in 2000 by the St. Louis Rams (now the Los Angeles Rams). He was an offensive lineman until 2002, when he left the NFL after sustaining several concussions. The boutique Los Angeles firm focuses almost exclusively on sports dealmaking — though it also works on capital raises and makes its own investments. The firm's website says it has also advised on deals for franchises like the Golden State Warriors, the Miami Heat, the Los Angeles Dodgers, Bologna FC, and the San Francisco Giants. Kline works alongside Sean Clemens and Edwin Draughan, who focus on sports mergers and acquisitions.

Persons: Andrew Kline, Park Lane Andrew Kline, Lane Kline, Kline, Sean Clemens, Edwin Draughan Organizations: St, Louis Rams, Los Angeles Rams, NFL, Athletes ' Agency, Cincinnati Bengals, MLB's Cincinnati Reds, Sports Business, Golden State Warriors, Miami Heat, Los Angeles Dodgers, Bologna FC, San Francisco Giants, NCAA Locations: San Diego, Los Angeles, Angel

☆ Raine details 3 themes driving its sports investing as it hunts for more deals
▼ + stars: | 2024-04-25 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Raine was an early investor in DraftKings — which helped establish the US sports-betting sector — and has been investing at a rate of about three companies a year. Raine is looking to take stakes in leagues with rights they can monetize in various ways and invest in growing, founder-led companies. Raine says college sports still hold a big opportunity for outside investors, even if the structure of college athletics adds complexity. In 2019, Raine helped the Pac-12 Conference explore raising private equity (which it ultimately decided against doing). Raine also helped the PGA Tour raise $3 billion this year through a for-profit entity.

Persons: Joe Ravitch, Jeff Sine's, It's, Raine, Colin Neville, that's, Garrett Gomes, Raine isn't, Banks, JPMorgan Chase, Neville Organizations: Imagine, Business, Apple, Premiere Lacrosse League, RCX Sports, Private, Florida State, Sixth, JPMorgan, CNBC, PGA Locations: DraftKings, Florida

☆ Hank Greenberg: On Passover, an ode to perhaps the greatest Jewish baseball player
▼ + stars: | 2024-04-23 | by ( Harry Enten | ) edition.cnn.com time to read: +7 min

It turns out that I undersold Greenberg; he was one of the greatest hitters of all time and gives Sandy Koufax a run at being the greatest Jewish baseball player of all time. By that time, at age 35, he was well past most baseball players’ prime. The fact that Greenberg was a hero to young Jewish baseball fans (like my father), a great American and incredible human being is not under dispute. Greenberg remains one of only 10 baseball players to ever hit 58 home runs in a single season. Greenberg ranks 62nd among every position player on this metric since major league baseball began way back in the 1870s, according to Baseball-Reference (and different outlets compute WAR7 slightly differently).

Persons: Noam, “ Hank Greenberg, ” Noam, undersold Greenberg, Sandy Koufax, Greenberg, Hitler, Koufax, –, ’ ” Greenberg, Hank Greenberg, AP Greenberg, Jackie Robinson, Heck, Greenberg didn’t, Aaron Robinson, It’s, ”, Koufax’s Organizations: CNN —, Yom Kippur, Detroit Tigers, Detroit Free, Rosh, Tigers, US Army, Japan, ’, Army, AP, Baseball Locations: Egypt, America, Europe, Yom, Yom Kippur, Pearl

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Since then, private-equity firms have poured $54.6 billion into sports, according to PitchBook data. And the field of potential investors is growing with Goldman Sachs helping rich clients invest in teams, which can drive up prices. AdvertisementLeagues also restrict PE investments, with some caps on the number of teams a firm can own stakes in or the ownership share a fund can hold. Scroll down to read about the private equity firms, listed alphabetically, that have been making the biggest moves in sports in recent years.

Persons: —, Josh Harris, Rob Walton, Carlyle, Ben, Blackstone, Goldman Sachs, Harris, Blackstone Group's David Blitzer, Lauren Leichtman, Arthur Levine, Sportico, RedBird, Gerry Cardinale, There's Organizations: Service, MLB, NBA, Business, Washington, Denver Broncos, Amazon, Sports, Ben Fund, Bluestone Equity Partners, GMF, Apollo Global Management, Blackstone Group's, Levine, Capital Partners, San Diego Wave, NFL Locations: downturns

☆ La Liga branded ‘embarrassing’ by Barcelona for lack of goal-line technology in Real Madrid’s controversial El Clásico win
▼ + stars: | 2024-04-22 | by ( Matias Grez | ) edition.cnn.com time to read: +4 min

CNN —Barcelona manager Xavi and goalkeeper Marc-André ter Stegen have labeled La Liga “embarrassing” for its lack of goal-line technology after the team was denied what it thought was a legitimate goal in Sunday’s 3-2 El Clásico defeat by Real Madrid. The camera angles provided by VAR were inconclusive – including one looking directly down the goal line that was blocked by Lunin’s body – meaning Soto’s original decision stood. According to FIFA, goal-line technology can notify a referee within “a second” if the whole of the ball has crossed the line. Barcelona's German Marc-Andre ter Stegen called La Liga's lack of goal-line technology 'embarrassing.' “I can’t find the words to explain what happened on the goal line,” Ter Stegen told reporters, per ESPN.

Persons: Xavi, Marc, André ter, Vinícius, Andreas Christensen’s, Lamine, Andriy Lunin, César Soto’s, Javier Tebas, “, ”, German Marc, Andre ter Stegen, Javier Soriano, ” Tebas, Lucía Taboada, El, Jude Bellingham, ” Ter Stegen, ” Xavi, Jude Bellingham's, David Ramos, Carlo Ancelotti, Ter Stegen Organizations: CNN —, Liga, Real Madrid, Barca, La Liga, FIFA, AFP, Getty, Liga didn’t, Diario AS, ” Real Madrid, ESPN, Real, Forbes Locations: CNN — Barcelona, Sunday’s, Spanish, German, La, Barcelona

After the Indiana Fever made Caitlin Clark the W.N.B.A.’s No. In exchange for Clark’s once-in-a-generation talent, the W.N.B.A. The simplest reason the W.N.B.A. isn’t paying Clark more is that the league brings in just $200 million annually and relies on the N.B.A. The N.B.A., by contrast, brings in about $10 billion.

Persons: Caitlin Clark, ”, Clark’s, Biden, Clark Organizations: Indiana Fever, Nike

☆ Bayer Leverkusen: Record 44-game unbeaten run brings to an end 31 years of hurt and ridicule
▼ + stars: | 2024-04-19 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

However, if you were a fan of German soccer club Bayer Leverkusen, little changed for you over those 31 years – there was just a lot of disappointment. Since winning the German Cup in 1993, Leverkusen relentlessly explored increasingly agonizing ways of spurning chances to win trophies. The current season has already reaped rewards in the form of the Bundesliga title, with potential domestic and European competition success transforming this into a season for the ages. Everybody was on the pitch this evening, everybody was crying.”After years being the butt of the joke, Leverkusen fans could finally spin the narrative. Leverkusen fans celebrated en masse on the pitch after winning the German league title.

Persons: ’, David Letterman ’, Xabi, Alonso, Mike Hewitt, ”, Schwarzroten, ‘ You’ll, Olaf Schmidt –, –, midfifelder, Jeremie Frimpong, Xabi Alonso, Lars Baron, Florian Wirtz’s wizardry, Deutscher Meister ’, ” Schmidt, ‘, Schmidt, Andreas Rentz, ” Uwe Schewiola Organizations: CNN, Chicago Bulls, NBA, The Bulls, Bayer Leverkusen, Basque, Bundesliga, Europa League, West Ham United, Getty, Real Madrid, ’, Olaf Schmidt – Leverkusen, CNN Sport, Bayern, Spain, Leverkusen, Bayern Munich, Bayer, Werder Bremen, Black, Reds, FC Kaiserslautern Locations: German, Europe, Real, London, Liverpool, Bayern Munich, Real Madrid, Germany, England, Spain, Italy, Tolosa, West Ham

☆ New York’s Newest Hockey Team Has Everything but a Name and Home Ice
▼ + stars: | 2024-04-19 | by ( David Waldstein | Mimi D Autremont | ) www.nytimes.com time to read: +1 min

Cheers thundered across a packed arena in Ottawa as fans stood and shouted support for the home team and vitriol at the visitors. Young girls in peewee jerseys, bearded bros in Ottawa red and women holding signs with slogans like “Girls Supporting Girls” all lent voice to the mounting excitement. For this was February in Canada, where hockey has been depicted on 5-dollar bills and all levels of the sport are revered with an almost maniacal fervor. When Ottawa scored to break a tie with only a few minutes to play, 8,000 fans erupted, signaling their emotional investment in the brand-new Professional Women’s Hockey League. Women’s pro hockey has a fractured history, with various leagues on four continents dividing up the talent and fans.

Persons: Young Organizations: bros, Ottawa, Women’s Hockey League Locations: Ottawa, “, York, Canada

☆ ‘Peasants vs. Marie Antoinette’: What the Premier League does with its billions of dollars is riling 72 other soccer clubs
▼ + stars: | 2024-04-18 | by ( Ben Morse | ) edition.cnn.com time to read: +11 min

DisparityThanks to its multi-billion-dollar TV deals, the Premier League is often celebrated as a UK Inc. success story. Andrew Powell/Liverpool FC/Getty ImagesBy targeting talents from lower-league academies, Premier League clubs don’t have to pay inflated transfer fees. The mooted introduction of an independent regulator comes against the backdrop of some Premier League clubs falling foul of the Premier League’s Profitability and Sustainability Rules (PSR). Earlier this month, Everton were handed a further two-point deduction for allegedly breaching Premier League financial rules. Relegated from the Premier League in 2023, Leicester denies any wrongdoing and opened legal proceedings against the Premier League and the EFL, but could face a points deduction if found guilty.

Persons: Abu, –, Kieran Maguire, Marie Antoinette ”, Marie Antoinette, – James McConnell –, Gabriele Biancheri, James McConnell, Bobby Clark, Andrew Powell, Caroline Dinenage, Maguire, Richard Masters, ” Maguire, ”, “, ” Masters, Phil Noble, we’ve, It’s, Mike Egerton, they’ve Organizations: CNN —, Manchester City, League, Reading FC –, Reading, English Football League, CNN, British, Premier League, Inc, Sunderland, Manchester United, Cardiff City, Liverpool, Chelsea, Liverpool FC, Getty, Premier League clubs, Culture , Media, Sport Committee, Premier League clubs “, Premier League’s, ” CNN, The Times, European Super League, National League, Everton, Nottingham Forest, Manchester City –, Reuters, Nottingham, “ Premier League, Leicester City, Leicester Locations: Istanbul, Manchester, Abu Dhabi, France, Europe, England’s, Britain's

☆ Here's how Caitlin Clark's $338,000 WNBA contract compares to No. 1 picks from the NFL, NBA and MLB
▼ + stars: | 2024-04-18 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

1 overall selection by the Indiana Fever in this week's WNBA draft, Clark's salary her first season will be just over $76,000. Clark's pay will escalate over the course of her four-year rookie contract, leaving her with total earnings of $338,056. The WNBA has grown in popularity in recent years, but it still trails behind the NBA, NFL, MLB and NHL. The highest paid WNBA player is Las Vegas Aces star Jackie Young, who will earn just over $250,000 this season. Here's how Clark's rookie deal stacks up against the most recent top picks from America's big four sports leagues.

Persons: Caitlin Clark, she'll, Jackie Young, Steph Curry, Cathy Engelbert, we're Organizations: WNBA, Indiana, Gatorade, Nike, NBA, NFL, MLB, NHL, Las Vegas Aces, Golden State Warriors, CNBC Locations: State

☆ Caitlin Clark salary criticism a 'false narrative,' says WNBA commissioner Cathy Engelbert
▼ + stars: | 2024-04-18 | by ( Ian Thomas | ) www.cnbc.com time to read: +3 min

But right now we're seeing that even if you're the best, women are not paid their fair share." However, WNBA Commissioner Cathy Engelbert, speaking at CNBC's inaugural Changemakers Summit on Thursday in New York City, said there's a "false narrative" around Clark's expected salary, likening it to the way that executive salaries are displayed for public companies. Cathy Engelbert, Commissioner of the Women's National Basketball Association (WNBA) speaking at the CNBC Changemakers Event in New York on April 18th, 2024. The NBA has around $13 billion in revenue while the WNBA is roughly around $200 million. Caitlin Clark poses with WNBA Commissioner Cathy Engelbert after being selected first overall pick by the Indiana Fever during the 2024 WNBA Draft.

Persons: Caitlin Clark, Joe Biden, Clark, Victor Wembanyama —, —, Cathy Engelbert, there's, Engelbert, Danielle DeVries, Caitlin, she's, we're, Sarah Stier Organizations: Indiana Fever, House, San Antonio Spurs, NBA, Summit, Deloitte, National Basketball Association, CNBC, Nike, Gatorade, State, WNBA, Athletic, Getty Locations: New York City, New York, U.S, Iowa

☆ What the conversation about Caitlin Clark’s pay gets wrong
▼ + stars: | 2024-04-17 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

The WNBA’s stars aren’t asking to be paid an equal dollar amount to NBA players, however. WNBA players have made progress on salaries since 2020, when they reached their latest collective bargaining agreement with the league. Sharing the revenue pieBecause it’s a smaller and younger league, women’s players have had less bargaining power with team owners over their pay than men. While NBA players receive 50% of total NBA revenue, the WNBA must hit a certain revenue threshold annually before any revenue sharing agreements kick in. This has held back women’s salaries.

Persons: Caitlin Clark, Clark, Angel Reese, ” Terri Jackson, David Berri, Kelsey Plum, Griner, Jackson, ” Jackson, “ It’s, ”, Alicia Jessop, “ That’s, ” David Berri, David Stern, “, Berri, Cathy Engelbert, ” Breanna Stewart Organizations: New, New York CNN, NBA, National Basketball Association, Women’s National Basketball Association, University of Iowa, Louisiana, NCAA, WNBA, ’ Association, CNN, Southern Utah University, Las Vegas Aces, —, Phoenix Mercury, ’, Pepperdine University, longtime, New York Liberty Locations: New York, men’s, Russia

☆ I was a Divison III college athlete. Years later, I now see how it ruined my body and my college experience.
▼ + stars: | 2024-04-16 | by ( Laura Forrest Hopfauf | ) www.businessinsider.com time to read: +5 min

I decided to continue that passion in college when I enrolled in a Division III school. Related storyOn my team, soccer felt more like an unwanted activity than a conscious commitment. But in the corporate world, no one cared about my leadership experience of captaining two college teams. I know there is more than one way to keep playing, and it doesn't have to be at the collegiate level. AdvertisementEither way, playing in college is an experience, but mine cost more than it should.

Persons: —, hadn't, I've Organizations: Service, III, Business, Collegiate, Fortune

☆ Esports World Cup in Saudi Arabia, worth more than $60M, hopes to send ‘positive message’ to struggling industry
▼ + stars: | 2024-04-16 | by ( Ben Church | ) edition.cnn.com time to read: +4 min

CNN —Boasting the largest prize pool in esports history, this year’s inaugural 2024 Esports World Cup (EWC) could prove to be a pivotal moment for the industry. Clubs will be able to choose which games they participate in before the best performing team across the various championships will be crowned the ultimate Esports World Cup champion for the very first time. Ralf Reichert, CEO of the Esports World Cup Foundation, hopes this new competition in Saudi Arabia can be a game changer. “Setting the record for largest esports prize pool is a remarkable achievement, but what I’m most proud of is the positive message this sends to the wider esports and gaming community,” Reichert said in a statement. In 2023, Saudi launched ‘The National Gaming and Esports Strategy’ (NGES) which hopes to make the country the center of the competitive gaming world by 2030.

Persons: Ralf Reichert, ” Reichert, Saudi Arabia –, “, Prince Mohammed bin Salman, ” Organizations: CNN, Apex, EA Sports FC, of, League, Riot, New York Times, Saudi Arabia’s Public Investment Fund, Saudi, National Gaming, Saudi’s, New Global Sport Locations: Riyadh, Saudi Arabia, Saudi

☆ Caitlin Clark, the top rookie female basketball player in the US, is making less than the average detective or acupuncturist
▼ + stars: | 2024-04-16 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Caitlin Clark will earn less in the WNBA than some trade jobs – and the average athlete. Despite her low base salary, Clark could make over $3 million from brand sponsorships and endorsements. Clark, who wore a $17,000 Prada outfit to the draft, will make an estimated base salary of $76,535 in her first year. Lower-level draft picks make $64,154 as a base salary, but salaries are much higher for non-rookie players: The highest-paid WNBA players make over $200,000 in base salary. Despite the low base salary, Clark, who has over two million social media followers, stands to make major money from brand sponsorships and endorsements.

Persons: Caitlin Clark, Clark, —, she'll, I've Organizations: WNBA, NBA, Service, Basketball Association, Indiana Fever, NCAA, of Labor Statistics, Bureau of Labor Statistics, Revenue, Bloomberg, Nike, Gatorade, State Farm Insurance

An Augusta National Golf Club green jacket hangs on the wall, and 81 televisions show the theatrics and athletic brilliance unfolding on the emerald grounds that host the Masters Tournament. Entrance to this particular sanctum, christened Map & Flag in a nod to the Masters’s storied logo, runs $17,000 per person for the week of golf’s first major tournament. And Map & Flag is not even perched on the 18th green. It is across the street from Augusta National. The hope is that refined appeals to deep-pocketed fans will result in over-the-top spending, bigger profits and lasting loyalty.

Organizations: Augusta National Golf, Augusta National Locations: Paris, Southern, Augusta

☆ Brady, Jeter, Eli and Peyton Manning headline Fanatics’ effort to build a comic-con of sports
▼ + stars: | 2024-04-11 | by ( Ian Thomas | ) www.cnbc.com time to read: +3 min

Lance Fensterman, CEO of Fanatics Events and the former president of ReedPop — where he produced pop culture events like New York Comic-Con, Complex-Con, and Star Wars Celebration — said he sees several parallels between pop culture fans and sports fans. However, he noted, while events like New York Comic-Con have evolved to embrace multiple difference fanbases and communities, the sports-focused event space is "ready to be disrupted a bit." Tom Brady, Derek Jeter, Eli and Peyton Manning, Kevin Durant, Sabrina Ionescu and Hulk Hogan are just some of the big sports names scheduled to appear, Fensterman said. "Those are the moments that we get excited about, and we just don't see it being done anywhere else in the world of live sports events," Fensterman said. The festival was the highest-grossing and most-attended fan event in WWE history, according to Fanatics.

Persons: Con, Lance Fensterman, ReedPop, —, You've, Fensterman, Tom Brady, Derek Jeter, Eli, Peyton Manning, Kevin Durant, Sabrina Ionescu, Hulk Hogan Organizations: New York, Star, Fest, Javits Center, NFL, NBA, WNBA, MLB, NHL, MLS, UFC, WWE, Endeavor, IMG, WWE's Locations: New York City, U.S, New, Philadelphia

☆ Application Nation Founder: Public universities becoming a threat to Ivy Leagues as price tags climb
▼ + stars: | 2024-04-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApplication Nation Founder: Public universities becoming a threat to Ivy Leagues as price tags climbHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Brian Sullivan, “ Organizations: Ivy Leagues, CNBC

☆ Can Minor League Baseball Survive Its Real Estate Problems?
▼ + stars: | 2024-04-07 | by ( Mary Pilon | ) www.nytimes.com time to read: +1 min

Ed Willson has a jar filled with dirt sitting on his desk. For more than 40 years, Mr. Willson has been a fan of the minor league baseball team in Eugene, Ore., the Emeralds, and a season-ticket holder for 22 seasons. “It was a serious heartbreak,” Mr. Willson said. After the fire, Mr. Willson made a pilgrimage to the scorched diamond, where he filled a plastic bag with dirt from the pitcher’s mound that he considered sacred. Nine years later, the dirt is still on Mr. Willson’s desk.

Persons: Ed Willson, Willson, ” Mr Organizations: Emeralds, Civic, Major League Baseball’s Locations: Eugene ,

☆ Why the pioneering abstract painter Janet Sobel disappeared from the art world at the height of her fame
▼ + stars: | 2024-04-01 | by ( Helen Stoilas | ) edition.cnn.com time to read: +10 min

Edward C. Robison III/Courtesy The Menil CollectionSobel’s rise in the New York art scene was speedy — and short-lived. An untitled Sobel work, featuring totemic figured rendered in crayon and gouache on drawing pad paper. There’s a lot to still learn.”An untitled Sobel work, circa 1946. Courtesy the Museum of Modern Art/The Menil CollectionAn untitled Sobel work, circa 1946-1948. James Craven/Courtesy The Menil CollectionWhat the exhibition demonstrates above all is how innovative Sobel was, in both her media and methods of application.

Persons: Jackson Pollock, Willem de Kooning, Janet Sobel, you’ve, Sobel, Edward C, Robison III, Sol Sobel, Sidney Janis, Janis, “ Janet Sobel, Clement Greenberg, Pollock, ” Greenberg, —, totemic, Paul Hester, Len Sobel —, — Sobel, Baruch, ” Len Sobel, Peggy Guggenheim, Guggenheim, Louise Bourgeois, Lee Krasner, Leonora Carrington, New Jersey —, Natalie Dupêcher, ” Dupêcher, Len Sobel, William Rubin, Rubin, Sobel —, Len Sobel’s, I’m, James Craven, …, ”, Dupêcher, “ Organizations: CNN, Brooklyn Daily Eagle, Art Students League, Arts Club of Chicago, Brooklyn Daily, New, Puma, ”, Museum of Modern Art, National Gallery of Art, Menil, Brooklyn, Pennsylvania Academy, Fine Arts, Guggenheim, EPA, of Modern Art, MoMA, San Diego Museum of Art, Crystal Bridges Museum of American Locations: New York, Paris, Brighton Beach , Brooklyn, Brooklyn, Washington ,, Houston —, Ukrainian, New Jersey, York, Manhattan, Venice, Perth Amboy, Plainfield , New Jersey, Ukraine, Bentonville , Arkansas, America

☆ Sports Leagues Bet on Gambling. Now They’re Facing Its Risks.
▼ + stars: | 2024-03-30 | by ( Lauren Hirsch | Ephrat Livni | ) www.nytimes.com time to read: +1 min

The incidents have highlighted a trade-off that professional sports leagues made when they embraced gambling. Leagues have signed lucrative marketing deals with betting apps like FanDuel and DraftKings and use gambling to amp up fan engagement. “The risk is that the game becomes like professional wrestling — which is rigged. And nobody bets on professional wrestling,” said Fay Vincent, the M.L.B. “And if baseball becomes professional entertainment the way wrestling is, it’s dead.”

Persons: ”, Fay Vincent Organizations: Major League Baseball, National Basketball Association, Leagues

☆ Why the Shohei Ohtani story is so concerning for baseball and sports
▼ + stars: | 2024-03-29 | by ( Harry Enten | ) edition.cnn.com time to read: +10 min

CNN —I can’t recall a recent baseball story that has captured the public imagination like the current one involving Los Angeles Dodgers phenom Shohei Ohtani, his former translator Ippei Mizuhara and gambling. That said, assuming Ohtani has done nothing wrong, America’s pastime will emerge from this situation mostly unscathed. Ohtani stalls at second base after hitting a double during the first inning of a game against the St. Louis Cardinals. Yes, one team is favored to win, but we don’t know that team will win for sure. And if it occurs involving someone as beloved as Ohtani, it could be a disaster for not just baseball, but sports around the globe.

Persons: Shohei Ohtani, Ippei, –, Ohtani, Will Ireton, Kirby Lee, Reuters Ohtani, it’s, Mike Trout, didn’t, I’ll, won’t, Sean M, I’m, It’s, they’ve, We’ve, Brad Bohannon, Bohannon, Jontay Porter, bettors, Porter, ” Porter wasn’t, Stu Foster, Sandro Tonali, Phil Mickelson, Pete Rose, Shoeless Joe Jackson –, Rose, Jackson, Tyrese Haliburton, JB Bickerstaff, Charlie Baker, Ezra Shaw, Rob Manfred, David, Goliath Organizations: CNN, Los Angeles Dodgers, Major League, Dodgers, USA, Sports, Reuters, League, Baseball, St, Louis Cardinals, American, NFL, Former University of Alabama, Alabama, Toronto Raptors, Italian Football Federation, England’s Football Association, Newcastle United, Major League Baseball, Cincinnati Reds, Black Sox, Chicago White Sox, Famers, Bettmann, Indiana Pacers, Cleveland Cavaliers, NBA, Getty Images, American Gaming Association, Census, MLB, MLB Network Locations: United States, Nevada, Bohannon, Italy, Tonaly, England

☆ Insiders break down Amazon's sports strategy and the low-key but powerful exec behind it, as the tech giant eyes NBA rights
▼ + stars: | 2024-03-29 | by ( Lucia Moses | ) www.businessinsider.com time to read: +7 min

One of them is Jay Marine, who oversees Amazon's sports business as VP of Prime Video and global head of sports. Chris Graythen/Getty ImagesMarine's next move could be for the NBA, which Amazon craves for its young, global fan base. Advertisement"For us, everything starts with Prime," Marine told CNBC in a rare interview last fall. AdvertisementApart from its big bet on "TNF," Amazon's sports moves have been largely incremental. The deal lets Diamond continue airing local NBA broadcasts, which makes it more likely Amazon will bid for national NBA rights, analyst Ben Thompson of Stratechery wrote.

Persons: —, Jeff Bezos, Jay Marine, Bezos, Andy Jassy, Chris Webber, Tyrone Wheatley, scrappy, Chris Graythen, Ben Thompson, Stratechery, Marine, Patrick Crakes, it's, Marie Donoghue, Mike Hopkins, Amazon's, John Kosner, Donoghue, Kantar, signups, He's Organizations: Service, Marine, Business, US, Premier League soccer, Industry, The, Sports, WBD, NASCAR, NBC, NBA, Amazon, Disney, Warner Bros, Discovery, Apple, Netflix, CNBC, Amazon MGM Studios, Premier Boxing Champions, Diamond Sports, Diamond, Premier League, WNBA, National Women's Soccer League . Media, ESPN, DraftKings, Warner Bros . Locations: London, The New Jersey, Amazon

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