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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

☆ Buy the Atlanta Braves tracking stock since it will likely be bought by a billionaire, analyst says
▼ + stars: | 2024-04-02 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Analyst Barton Crockett hiked his price target on Atlanta Braves Holdings by more than 10% to $53 per share, saying in a note to clients Tuesday that the team could soon become a buyout target. "We assume that the Braves are likely to be taken private by a billionaire once properly tax-seasoned. Shares of Atlanta Braves Holdings closed at $38.79 per share on Monday, more than 36% below the Rosenblatt price target. BATRK YTD mountain The tracking stock for the Atlanta Braves has struggled in 2024. Atlanta Braves Holdings includes not only the baseball franchise but also some real estate development around the team's baseball stadium in suburban Atlanta.

Persons: Barton Crockett, John Malone, Crockett, Rosenblatt, Carlyle, David Rubenstein, Matt Ishbia Organizations: Rosenblatt Securities, Atlanta Braves Holdings, Liberty Media, Sirius XM, Braves, Sports, National League East, Baseball, Atlanta Braves, Carlyle Group, Baltimore Orioles, Phoenix Suns Locations: U.S, Atlanta

☆ Minnesota Timberwolves sale to Alex Rodriguez and Marc Lore falls apart
▼ + stars: | 2024-03-28 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

Co-owners Alex Rodriguez, right, and Marc Lore of the Minnesota Timberwolves during a game against the Los Angeles Lakers at Target Center Minneapolis, Minnesota, on Dec. 30, 2023. The National Basketball Association's Minnesota Timberwolves and the Women's National Basketball Association's Lynx are no longer for sale after a deal with former baseball great Alex Rodriguez and businessman Marc Lore fell apart, the teams' owner Glen Taylor said Thursday. In a statement to CNBC, Lore and Rodriguez said they are disappointed with Taylor's comments. However, those circumstances did not occur," Taylor's statement said. Some reports suggest that the relationship among Taylor, Lore and Rodriguez became strained since the original deal was made.

Persons: Alex Rodriguez, Marc Lore, Glen Taylor, Rodriguez, Marc, Alex, Taylor, Lore, Taylor's, Glen, Axios Organizations: Minnesota Timberwolves, Los Angeles Lakers, Target Center, Basketball Association's Minnesota Timberwolves, Women's, Basketball, Timberwolves, Lynx, CNBC, NBA, Carlyle Group, Western Conference Locations: Target Center Minneapolis , Minnesota

☆ The NFL's annual meeting is happening now. Here are 6 firms that stand to win if the league opens its doors to new investors.
▼ + stars: | 2024-03-25 | by ( Tiara White | Alex Nicoll | ) www.businessinsider.com time to read: +4 min

This year's meeting is being closely watched by Wall Street because of a planned discussion about whether to start letting team owners sell stakes to private-equity firms and other institutional investors. So who stands to benefit if the NFL owners agree to a rule change? AdvertisementThe sports investing experts who spoke to BI pointed to private-equity firms with established histories in sports investing, like Dyal HomeCourt, Arctos Partners, and RedBird Capital. Lutsky also thinks a rule change could prompt more financial industry newcomers to try to break into the world of sports investing. See BI's list of private-equity firms that could benefit from an NFL rule change, according to 6 finance experts and industry insiders, from bankers to investment advisors:

Persons: —, Arun Muralidhar, Muralidhar, Tim Schlittner, Jonathan Lutsky, Lutsky Organizations: Service, NFL, Tennessee Titans, Forbes, Business, NBA, NHL, MLB, Mcube Investment Technologies, Drake Star Partners, BI, Arctos Partners, RedBird, Partners, Sports Locations: Orlando , Florida

☆ How NWSL Commissioner Jessica Berman led the league out of crisis to revive women's soccer
▼ + stars: | 2024-03-11 | by ( Jessica Golden | ) www.cnbc.com time to read: +5 min

Jessica Berman, commissioner of the National Women’s Soccer League, speaks during a panel on women's professional soccer at the Hilton Anatole in Dallas on Feb. 10, 2024. In 2019, Berman became the first female deputy commissioner of a men's professional sports league, joining the National Lacrosse League. Taking the fieldBerman took the helm at the women's soccer league after allegations were made of emotional abuse and sexual misconduct across several teams. She also brought the first-ever million-dollar prize pool to U.S. women's soccer. She's also lured big-name investors, selling them on her new vision for professional women's soccer.

Persons: Jessica Berman, Omar Vega, Berman, Gary Bettman, Sally Yates, Yates, She's, lister Natalie Portman, Serena Williams, Naomi Osaka, Patrick Mahomes, Eli Manning, Kevin Durant, Carli Lloyd, Sofia Huerta, Delanie Sheehan, Ben Nichols, Sportico Organizations: National Women’s Soccer League, Hilton Anatole, Getty, New, National Women's Soccer League, CNBC, National Hockey League, NHL, National Lacrosse League, U.S, Chicago Red Stars, Portland Thorns, Hollywood, Seattle, NY Gotham FC, Women's Soccer League, Snapdragon, Amazon, Angel City FC Locations: Dallas, New York City, NJ, San Diego, Angeles

☆ 9 professional athletes who make more money from endorsement deals than playing sports
▼ + stars: | 2024-02-24 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +2 min

Read previewMany professional athletes get paid a lot of money to play their sports, but for some, their endorsement deals are more lucrative than their salaries. Los Angeles Lakers' LeBron James is the professional athlete who earned the most from endorsements and sponsorship deals last year, per Sportico. Athletes tend to retire younger than the average worker, so endorsement deals help them maximize their earnings while they're still in the spotlight. But without these restrictions, star athletes like James would likely earn much more over the course of their careers. AdvertisementThe athletes with the lowest endorsement earnings are listed first.

Persons: —, LeBron James, Dre, Cristiano Ronaldo, they're, Travis Kelce, James Organizations: Service, Los Angeles Lakers, LeBron, Nike, PepsiCo, Lakers, Business, Al, Kansas City Chiefs, NBA, NFL, NHL Locations: Saudi

☆ Taylor Swift's gameday outfits are a touchdown for fashion brands
▼ + stars: | 2024-02-09 | by ( Amanda Krause | ) www.businessinsider.com time to read: +10 min

She attended 12 Kansas City Chiefs games during the regular season to support her boyfriend, NFL star Travis Kelce, and her fashion choices stole the show each time. Taylor Swift attending an NFL game between the Kansas City Chiefs and the Miami Dolphins. Taylor Swift attends a Kansas City Chiefs game on December 10, 2023. Taylor Swift attends a game between the Kansas City Chiefs and the New England Patriots on December 17, 2023. "There are tons of people who have no idea who we are, and Taylor Swift is the biggest star in the world.

Persons: Taylor Swift, Swift, Travis Kelce, Swifties couldn't, they've, Taylor, Ed Zurga, Chris Harrington, Jamie Squire, Harrington, we've, Emily Bordner, Bordner, Donna Kelce, Patrick Smith, —, Emily Bordner Westside, Kathryn Cacho, Danielle Parhizkaran, it's, Kathryn, Misha Wilson, Kelce, Simone Kendle, Erimish, Wilson, Erin Andrews, Daniella Fiala, Samantha Colby, We've, Fiala, Sportico, Kristin Juszczyk, Kyle Juszczyk, Brittany Mahomes, Simone Biles, It's, haven't Organizations: Kansas City Chiefs, Chiefs, Super, NFL, Miami Dolphins, Westside Storey, Kansas City, EB, AFC, Baltimore Ravens, Emily Bordner Westside Storey, New England Patriots, Boston Globe, Getty, Los Angeles Chargers, AFC Championship, San Francisco 49ers, Arrowhead Locations: Kansas City , Missouri, —, Kansas, Missouri, Westside

☆ Jim Harbaugh's new contract will pay him more than his brother and all but three of his Chargers players next season
▼ + stars: | 2024-02-06 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +2 min

Coach Jim Harbaugh will reportedly make an average of $16 million a year with the LA Chargers. He'd surpass his brother John's annual salary and outearn all but three of his Chargers players. Denver Broncos head coach Sean Payton earns $18 million a year, while San Antonio Spurs head coach Gregg Popovich is tied with Harbaugh at $16 million. AdvertisementHarbaugh is also set to outearn all but three of his Chargers players, per the sports contract database Spotrac. Harbaugh's return to the NFL was one of many high-profile football coaching changes in recent weeks — the retirement of former Alabama head coach Nick Saban also made national headlines.

Persons: Jim Harbaugh, —, Harbaugh, John — who's, Sean Payton, Gregg Popovich, Bill Belichick —, Keenan Allen, Khalil Mack, Mike Williams, Harbaugh's, Nick Saban, doesn't Organizations: LA Chargers, Chargers, Service, NFL, Los Angeles Chargers, Baltimore Ravens, Denver Broncos, San Antonio Spurs, New England Patriots, University of Michigan, Michigan, University of Washington Locations: Alabama

☆ Crafty WAG Inks N.F.L. Deal
▼ + stars: | 2024-02-02 | by ( Ruth La Ferla | ) www.nytimes.com time to read: 1 min

You are who you know — a truism forcefully demonstrated this week when Kristin Juszczyk, who happens to be married to the San Francisco 49ers fullback, Kyle Juszczyk, signed a deal with the N.F.L. That agreement, previously reported by Sportico, came on the heels of Taylor Swift wearing one of Ms. Juszczyk’s puffer jackets to a Kansas City Chiefs game last month. On the jacket was 87, the number worn by her boyfriend, Kansas City tight end Travis Kelce. Brittany Mahomes, the wife of the Kansas City quarterback, Patrick Mahomes, has also worn a jacket by Ms. Juszczyk. With San Francisco and Kansas City facing off in Super Bowl LVIII on Feb. 11, Ms. Juszczyk, Ms. Mahomes and Ms.

Persons: Kristin Juszczyk, Kyle Juszczyk, Sportico, Taylor Swift, Juszczyk’s, Travis Kelce, Brittany Mahomes, Patrick Mahomes, Juszczyk, Mahomes, Swift Organizations: San Francisco 49ers, Kansas City Chiefs, Kansas City, Francisco and Kansas City Locations: Kansas City, Francisco and Kansas

☆ The designer behind Taylor Swift’s viral Chiefs puffer coat now has a deal with the NFL
▼ + stars: | 2024-02-01 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +4 min

CNN —In recent weeks, Taylor Swift has been grabbing seemingly endless attention for the NFL with her attendance at boyfriend Travis Kelce’s games. Juszczyk is a self-taught designer who reworks traditional sports jerseys, T-shirts and assorted merchandise into trendy tailored pieces. Lachlan Cunningham/Getty ImagesOn January 28, Juszczyk wore a cascading full-length 49ers puffer jacket that had a surprise: The words “Super Bowl bound” were embroidered within the sleeves. Her work caught the public eye in particular thanks to a puffer coat custom made for Taylor Swift — sporting Kansas City Chiefs’ Travis Kelce’s jersey number, 87 — which the singer wore to a Chiefs game January 13. Taylor Lautner wore a custom Jusczcyk design to a game between the Los Angeles Rams and Detroit Lions on January 14.

Persons: Taylor Swift, Travis Kelce’s, Kristin Juszczyk, Juszczyk, Lachlan Cunningham, Kelley L Cox, Kyle Juszczyk, ’, ”, Kansas City Chiefs ’ Travis, Swift, Brittany Mahomes, Patrick Mahomes, Simone Biles, Jonathan Owens, Taylor Lautner, Nic Antaya, Lautner, “, ” Kyle Juszczyk Organizations: CNN, NFL, USA, San Francisco 49ers, Sportico, Towson University, Baltimore Ravens, Kansas City Chiefs, Chiefs, Green Bay Packers, Detroit Lions, Los Angeles Rams, 49ers, Lions, Super, NBC Sports Bay Area Locations: Rhode Island, Maryland

☆ Online sports betting stocks are primed for a big 2024 as fans ready for the Super Bowl
▼ + stars: | 2024-01-28 | by ( Brian Evans | ) www.cnbc.com time to read: +9 min

3 market share position," said Jeff Stantial, director of gaming and leisure research at Stifel. DraftKings stock tripled in 2023 and has already gained nearly 10% in 2024. 'Buying' market share The remaining market share is up for grabs and fluctuates among the smaller players. Stantial expects ESPN Bet has the edge over BetMGM, but says both sportsbooks remain tightly contested for a larger slice of market share. ESPN Bet has been running promotions that include $150 of free bets and $1,000 deposit match upon signing up, according to JPMorgan analyst Joseph Greff.

Persons: Jeff Stantial, Bank of America's Shaun Kelley, You've, Stantial, Joseph Greff, Greff, Walt Disney, Barstool, FactSet, JPMorgan's Greff, Bet365, Clark Lampen, Lampen Organizations: DraftKings, Penn Entertainment, ESPN Bet, MGM Resorts International, Baltimore Ravens, Kansas City Chiefs, San Francisco 49ers, Detroit Lions, New York Stock Exchange, NCAA, Bank of America's, Euronext Dublin, BetMGM, ESPN Bet's, Professional, Amateur Sports Protection, ESPN BET, ESPN, Walt, Barstool Sports, Sportico, Penn, MGM Locations: U.S, North Carolina, Ireland, WynnBet, BetMGM, PENN, York

☆ The Chiefs-Dolphins game on Peacock was the most-streamed live event in US history
▼ + stars: | 2024-01-15 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

The “Peacock Exclusive Wild Card” game garnered 23 million total viewers, according to Nielsen. NBC said in a release that the game sets records for the “most-streamed live event in US history” and was also responsible for the most internet usage ever in the US on a single date, consuming 30% of internet traffic during the Saturday night game. That number also includes viewership figures from the local NBC affiliates in Miami and Kansas City and on the NFL+ mobile app, where the game was also shown outside of Peacock. Notably, the ratings for the exclusively streamed game was up 6% over last year’s primetime AFC Wild Card Game that was shown on NBC’s broadcast network. It recorded an average of 27 million viewers overall, which NBC said at the time made it the most-watched Sunday show since the 2023 Super Bowl.

Persons: New York CNN — Peacock, Peacock, ”, Brian Roberts, “, Roger Goodell, Taylor Swift’s, Travis Kelce, Swift, CNN’s Ramishah Maruf Organizations: New, New York CNN, NFL, Kansas City Chiefs, Miami Dolphins, Nielsen, NBC, Kansas City, Comcast, English Premier League soccer, MLB, WWE, “, NBC Sports, Chiefs, Jets Locations: New York, Miami, Peacock

☆ Congressman demands the NFL stop putting playoff games on streaming services like NBC's Peacock: Fans don't deserve 'to be squeezed even further by greedy corporations'
▼ + stars: | 2024-01-12 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

"It is absolutely ridiculous that my constituents, who already pay for NBC, have to pay even more to watch this game," Ryan wrote in a letter to top NFL and NBC officials. I'm demanding the NFL and NBC stop the BS and offer fans the service they already pay for, or we're coming for your antitrust exemption." "Fans already face exorbitant prices to watch every game during the regular season; they don't deserve to be squeezed even further by greedy corporations," Ryan added. The league added that all the remaining playoff games would be available over the air nationwide, as well as on other platforms. NBC Sports reportedly pays the league more than $2 billion a year for its slice of NFL games.

Persons: —, Pat Ryan, Ryan, Roger Goodell, Goodell, cciqwvZDoE —, @RepPatRyanNY, Rick Cordella, Patrick Mahomes, Hill, Alex Riethmiller, Sportico Organizations: Service, New, New York Democrat, NFL, NBC Sports, NBC, Business, Dolphins, Chiefs, Kansas City Chiefs, Super Bowl, Miami Dolphins, Kansas City, ESPN, Sports Business, MLB, NBA, NHL Locations: New York, Kansas City, Kansas, Miami

☆ Knicks sign jersey patch deal with owner James Dolan's Sphere Entertainment
▼ + stars: | 2023-10-24 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

The National Basketball Association's New York Knicks are keeping it in the family for their next jersey patch sponsor. Madison Square Garden Sports announced Tuesday that Sphere Entertainment will become the NBA team's official jersey patch partner for the 2023-24 season. Terms of the jersey patch deal were not disclosed. The NBA's jersey patch sponsor program kicked off during the 2017-18 season and has been an important source of revenue for many clubs. Dolan reportedly was shopping around the jersey patch rights for $30 million, according to SBJ.

Persons: James Dolan, David Hopkinson, Micky Arison, Squarespace, Andrew Lustgarten, Dolan, SBJ, Patrick Rishe, Louis, Bob Dorfman Organizations: Association's New York Knicks, Madison, Garden Sports, NBA, Knicks, Boston Celtics, Garden, MSG Sports, Golden State Warriors, Brooklyn Nets, Los Angeles Lakers, Miami Heat, Carnival Cruise, Sports Business, Washington University, Pinnacle Advertising, CNBC Locations: Madison, Las Vegas, St

☆ Travis Kelce could earn millions more thanks to the Taylor Swift effect, as experts say he could double or triple endorsement paydays
▼ + stars: | 2023-09-28 | by ( Madeline Berg | ) www.businessinsider.com time to read: +7 min

After social media posts earlier this month ignited speculation, rumors of a relationship between the Kansas City Chiefs tight end and Taylor Swift have been heating up. AdvertisementAdvertisementKelce's new social media followers, meanwhile, could mean a payoff that lasts longer than a quick fling. As he's moved up the social media ranks — he now has 3.4 million followers, compared with Mahomes' 5.8 million — his earnings could multiply. Sports influencer marketing agency OpenSponsorship anticipates his rates for social media endorsements could increase "3-5x," OpenSponsorship CEO Ishveen Jolly told Insider over email. Swift, by comparison, has 272 million followers on Instagram, and it's likely many of them have different interests frp, Kelce's typical fans.

Persons: Travis Kelce, Taylor Swift, —, Donna, Kelce, Jason, Bob Dorfman, Tom Brady, Kelce's, Patrick Mahomes, Sportico, he's, OpenSponsorship, Ishveen Jolly, Jolly, Swift, Dorfman, Chase Garrett, Oprah Winfrey, Dr, Oz, Toni Morrison, Joe Alwyn, Taylor, who's Organizations: Kansas City Chiefs, Service, Arrowhead, SocialBlade, Associated Press, Apple, Pinnacle Advertising, NFL Players Association, US Department of Labor, NFL, Nike, Pfizer, —, Sports, Billboard, Prada, Chiefs, Jets Locations: doesn't, Travis

☆ Taylor Swift is about to make Travis Kelce a whole lot richer
▼ + stars: | 2023-09-28 | by ( Madeline Berg | ) www.businessinsider.com time to read: +7 min

Since Taylor Swift was spotted cheering on the Kansas City Chiefs tight end on Sunday, his profile has skyrocketed. After social media posts earlier this month ignited speculation, rumors of a relationship between the Kansas City Chiefs tight end and Taylor Swift have been heating up. AdvertisementAdvertisementKelce's new social media followers, meanwhile, could mean a payoff that lasts longer than a quick fling. As he's moved up the social media ranks — he now has 3.4 million followers, compared with Mahomes' 5.8 million — his earnings could multiply. Swift, by comparison, has 272 million followers on Instagram, and it's likely many of them have different interests frp, Kelce's typical fans.

Political Cartoons View All 1171 ImagesHere is some of the history, process and cost when it comes to MLB expansion. In 1977, MLB went to 26 teams, adding the Seattle Mariners and Toronto Blue Jays. For a reference point, the move to 30 teams started with the formation of an MLB expansion committee in March 1994. The Diamondbacks and Rays both paid $130 million to enter MLB in 1998 while the Marlins and Rockies paid $95 million in 1993. Back in 1977, the Blue Jays ($7 million) and Mariners ($6.5 million) paid even less.

Persons: —, Rob Manfred, he's, isn't, Jim Bouton's, Manfred, Ronald Blum, ___ Organizations: Tampa Bay Rays, MLB, Rays, Oakland Athletics, Las Vegas, Arizona Diamondbacks, Tampa Bay Devil Rays, Negro Leagues, League —, American League, Washington Senators, Minnesota Twins, Senators, Los Angeles Angels, National League, New York Mets, Houston Colt, Seattle Pilots, Kansas City Royals, San Diego Padres, Montreal Expos, NL, The Pilots, Seattle Mariners, Toronto Blue Jays, Colorado Rockies, Florida Marlins, Charlotte, Expos, Vegas Golden Knights, NHL, NBA, Charlotte Bobcats, NFL, Houston Texans, Diamondbacks, Marlins, Rockies, Blue Jays, Mariners, AP Locations: St . Petersburg, Florida, Las, Washington, Milwaukee, — Orlando , Florida, Phoenix, St, Petersburg , Florida, Northern Virginia, Petersburg, Charlotte, North Carolina, Nashville , Tennessee, Portland , Oregon, Montreal, Nashville, Portland, Salt Lake City, Austin , Texas

☆ Stock tracking World Series favorite Atlanta Braves can rally more than 30%, Rosenblatt says
▼ + stars: | 2023-09-06 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

The Atlanta Braves ' new stock is a home-run idea, according to Rosenblatt. Analyst Barton Crockett upped his price target by $7 to $49, with the new estimate implying an upside of 36.6% over Tuesday's close. "Liberty Braves shares have notched some runs batted in this year," Crockett said. Major League Baseball's Atlanta Braves have the best record in baseball at 90-47 and are currently the favorite to win the World Series, according to FanDuel. An acquisition of the now-standalone Atlanta Braves also could happen amid a trend of billionaires shelling out for sports teams.

Persons: Rosenblatt, Barton Crockett, Crockett, there's, John Malone, CNBC's Michael Bloom Organizations: Atlanta Braves, Liberty Media, Liberty Braves, League Baseball's Atlanta Braves, Braves Group, MLB

☆ Lionel Messi helped Apple TV+ beat its subscriber targets, Tim Cook says
▼ + stars: | 2023-08-05 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Lionel Messi joining Major League Soccer boosted Apple TV+ subscriber numbers, according to Tim Cook. "The fact that Messi went to Inter Miami helped us out there a bit," Cook said Thursday. Apple's streaming service is already feeling the benefit of soccer superstar Lionel Messi joining Major League Soccer, according to Tim Cook. Cook said in a quarterly earnings call Thursday that Apple TV+ had beaten its subscriber targets over the three months ending July 1. The Athletic reported in June that Messi had also inked revenue-sharing agreements with both Apple TV and Adidas, which is one of MLS's largest corporate sponsors.

Persons: Lionel Messi, Tim Cook, Messi, Cook, we're, Messi suiting, Germain Organizations: Major League Soccer, Apple, Inter Miami, Inter Miami CF, MLS, Paris Saint, Athletic, Apple TV, Adidas Locations: Florida

☆ Florida State University taps JPMorgan to help find potential investors
▼ + stars: | 2023-08-04 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Florida State University has been working with JPMorgan as it explores options to bring in funding from institutional investors, according to a person familiar with the matter. The discussions have been ongoing in recent months, and Sixth Street Partners has expressed interest as an investor, the person said. The discussions with potential equity investors are not tied to FSU's potential push to leave the conference, according to the person familiar with the matter. Sportico earlier reported that FSU was working with JPMorgan and that Sixth Street was part of the discussions. "That effort fell apart, mainly because it was a challenge to mesh private investors with the potential media rights for public schools," said sports media consultant Lee Berke.

Persons: Lee Berke, we're, Berke Organizations: Florida State University, JPMorgan, Sixth Street Partners, Atlantic Coast Conference, NCAA, FSU, Sixth, ACC, Southeastern Conference, ESPN, Media

☆ How a college football quarterback with 36,000 Instagram followers scored more than 30 brand deals and made himself the go-to voice for NIL
▼ + stars: | 2023-07-31 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +15 min

Chase Griffin has more than 30 brand deals, and his recent ones are mostly multi-year partnerships. Chase Griffin. 1st College Athlete Brand Ambassador for the largest/most powerful bank in the world. JP MOrgan Chase 1st College Athlete Brand Ambassador. "NIL & Athlete Brands: A NewEra", November 22, 2022.

Persons: Chase Griffin, Griffin, JPMorgan Chase, he'll, influencers, Chase Griffin Griffin, Griffin doesn't, He's, that's, I've, Page, JP Morgan Chase, Lucchese Bootmaker, Frances https, JP MOrgan, Chase Griffin Chase Griffin, Chase, Lucchese, Ed, Arthur Ashe Jr Organizations: UCLA, Gatorade Football, University of California, DirecTV, Foods, JPMorgan, LA Regional Food Bank, Bloomberg, LinkedIn, Boost Mobile, LA Food Bank, DMs, Twitter, JPMorgan Chase, Range Media Partners, WGA, SAG, Brands, ucla, Creative, Banking, Chase Bank, Morgan Wealth, Bank, Champs, Urban Outfitters, United States Polo Association, Lucchese, Hollywood, Marketing, UWG, UC Investments Academy, Fund Public Service, Regional Food Bank, Empowerment, Sports, Entertainment, Beach, Sports Rights, Cannes, Creativity, Cannes Lions, College Football Hall of Fame, Association, Conference, 1st, Financial, JP MOrgan Chase, Brand, of College Athletics, Rose Bowl, Community, Royce, True Bruin, Town Hall, Sports Innovation, Chase Center, NV, Regents, Brand Innovators, College, Los Angeles Times, ESPN, Unilever, Shell, Rose Bowl Stadium, Los Angeles Regional Food Bank, Leadership Team, Council, Range, WPP, University of California Investments, UC, Santa Monica Hospital, Public Affairs, Leadership, UCLA Law, National Football Foundation, Pro Football Hall of Fame, Texas High, Gatorade Locations: Texas, Los Angeles, Opendorse, Instagram, Hollywood, CA, Cannes, Atlanta, Carlsbad, Los Angeles , CA, Pasadena, Los Angeles CA, San Francisco , CA, Los Angeles ,, Las Vegas, United

☆ Qatari fund buys passive stake in Wizards parent, Sportico reports
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +1 min

[1/2] Apr 7, 2023; Washington, District of Columbia, USA; Washington Wizards center Jay Huff (34) dunks the ball against the Miami Heat in the fourth quarter at Capital One Arena. Mandatory Credit: Geoff Burke-USA TODAY Sports/File PhotoJune 22 (Reuters) - The Qatar Investment Authority (QIA) is buying a passive minority stake in Monumental Sports & Entertainment, the parent of the Washington Wizards and the Washington Capitals, Sportico reported on Thursday, citing people familiar with the matter. Monumental declined to comment, while QIA did not respond to a Reuters request for comment. The report comes weeks after another deal in the sporting world that involved a Middle Eastern country. Reporting by Granth Vanaik in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Jay Huff, Geoff Burke, Sportico, QIA, LIV, Granth, Maju Samuel Organizations: District of Columbia, Washington Wizards, Miami Heat, Capital, USA, Qatar Investment Authority, Monumental Sports & Entertainment, Washington Capitals, Basketball Association's Washington Mystics, NBC Sports Washington, PGA, Thomson Locations: Washington, District, USA, Saudi, Bengaluru

Russell Westbrook, who played for the Washington Wizards in the 2020-21 NBA season, reacts prior to playing against the Denver Nuggets at Capital One Arena in Washington, D.C., February 17, 2021. Qatar's sovereign wealth fund has offered to buy a minority stake in Monumental Sports & Entertainment, the parent company of the Washington Wizards and other Washington, D.C., sports teams, the National Basketball Association said Thursday. The NBA is still reviewing the deal with the Qatar Investment Authority, league spokesperson Mike Bass said in a statement to CNBC. The NBA in November began to allow sovereign wealth funds and other institutional investors to buy noncontrolling stakes in the league's teams. In addition to the Wizards, Monumental owns the National Hockey League's Washington Capitals and the Women's National Basketball Association team, the Washington Mystics.

Persons: Russell Westbrook, Mike Bass, QIA, Bass Organizations: Washington Wizards, NBA, Denver Nuggets, Capital, Washington , D.C, Monumental Sports & Entertainment, D.C, National Basketball Association, Qatar Investment Authority, CNBC, Sportico, Wizards, Monumental, Hockey League's Washington Capitals, Women's National Basketball Association, Washington Mystics, NBA G League, NBC Sports Washington, Monumental Sports Locations: Washington ,, Washington, Monumental, Qatar

The National Hockey League's Ottawa Senators have found a new owner. Toronto-based billionaire Michael Andlauer has agreed to acquire the Senators, setting a record for the highest price paid for an NHL team, according to a person familiar with the matter. Andlauer is already a minority owner of the Montreal Canadiens and had been called out in reports as an interested bidder for the Senators months ago. As part of the deal for the Senators, Andlauer will have to sell his stake in the Canadiens, The Athletic reported. The team went up for sale last year after its previous owner, Eugene Melnyk, died at 62.

Persons: Michael Andlauer, Andlauer, Eugene Melnyk, Melnyk Organizations: Hockey League's Ottawa Senators, NHL, Montreal Canadiens, Senators, Canadiens, The Athletic, ATS Healthcare Group, Galatioto Sports Partners Locations: Toronto

☆ Carlyle in talks to take stake in Manchester United - Sky News
▼ + stars: | 2023-04-15 | by ( ) www.reuters.com time to read: +1 min

[1/2] A general view of the lobby outside the Carlyle Group offices in Washington, May 3, 2012. REUTERS/Jonathan Ernst/File PhotoApril 15 (Reuters) - U.S. buyout firm Carlyle Group Inc (CG.O) is in talks about a "major" investment in Manchester United soccer club as the auction of the Premier League team enters its final stages, Sky News reported on Saturday. Carlyle and Manchester United did not immediately respond to a Reuters request for comment. Sports industry news site Sportico reported earlier this month that Manchester United would accept a third round of bids from prospective buyers at the end of April. The Glazers bought Manchester United in 2005 for 790 million pounds in a highly leveraged deal that has been criticised for loading debt on to the club.

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