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☆ So, can we stop calling pro wrestling 'sports entertainment' now?
▼ + stars: | 2024-04-10 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +3 min

For years, the WWE has called itself "sports entertainment" instead of pro wrestling. Since the early 2000s, back even when World Wrestling Entertainment was still called WWF, the company has carefully referred to its scripted grappling as "sports entertainment" rather than "professional wrestling." Now, it seems that the verboten phrase — "pro wrestling" — is back as part of a series of changes made after McMahon left the company. A source familiar with internal policies at WWE told Business Insider that use of the term "pro wrestling" has been relaxed in the past year. For the moment, pro wrestling did indeed win out over sports entertainment.

Persons: John Cena, —, Michael Cole, Vince McMahon, McMahon, — Ibou, Cena Organizations: WWE, Service, Undertaker, Wrestling Entertainment, XFL, Netflix, Wrestling, Sports Entertainment, Rock

☆ TKO CEO Ari Emanuel: Netflix deal strengthens the WWE brand 'on a global basis'
▼ + stars: | 2024-01-23 | 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 EmailTKO CEO Ari Emanuel: Netflix deal strengthens the WWE brand 'on a global basis'TKO CEO Ari Emanuel and Dwayne ‘The Rock’ Johnson, actor, producer, entrepreneur and newly appointed TKO board director, join 'Squawk on the Street' to discuss the company's 10-year deal with Netflix to stream WWE’s flagship program “Raw” starting next year, news of Dwayne Johnson joining the TKO board, Johnson on the XFL-USFL merger, tequila sales, and more.

Persons: Ari Emanuel, Dwayne ‘, ’ Johnson, ”, Dwayne Johnson, Johnson Organizations: Netflix, WWE, XFL, USFL

☆ Watch CNBC's full interview with TKO CEO Ari Emanuel and Seven Bucks Companies CEO Dwayne 'The Rock' Johnson
▼ + stars: | 2024-01-23 | 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 EmailWatch CNBC's full interview with TKO CEO Ari Emanuel and Seven Bucks Companies CEO Dwayne 'The Rock' JohnsonTKO CEO Ari Emanuel and Dwayne 'The Rock' Johnson, actor and newly appointed TKO board director, join 'Squawk on the Street' to discuss the company's 10-year deal with Netflix to stream WWE's flagship program 'Raw' starting next year, news of Dwayne Johnson joining the TKO board, Johnson on the XFL-USFL merger, tequila sales, and more.

Persons: Ari Emanuel, Dwayne, Johnson, Dwayne Johnson Organizations: Seven Bucks, Netflix, XFL, USFL

☆ Dwayne Johnson on joining TKO board: I'm sitting at a board that my grandfather and dad helped build
▼ + stars: | 2024-01-23 | 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 EmailDwayne Johnson on joining TKO board: I'm sitting at a board that my grandfather and dad helped buildTKO CEO Ari Emanuel and Dwayne ‘The Rock’ Johnson, actor, producer, entrepreneur and newly appointed TKO board director, join 'Squawk on the Street' to discuss the company's 10-year deal with Netflix to stream WWE’s flagship program “Raw” starting next year, news of Dwayne Johnson joining the TKO board, Johnson on the XFL-USFL merger, tequila sales, and more.

Persons: Dwayne Johnson, Ari Emanuel, Dwayne ‘, ’ Johnson, ”, Johnson Organizations: Netflix, XFL, USFL

☆ Football-XFL and USFL announce intent to merge
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

Mandatory Credit: Kirby Lee-USA TODAY Sports/File Photo Acquire Licensing RightsSept 28 (Reuters) - The XFL and USFL said on Thursday that the two troubled American grid iron leagues plan to merge and begin play next year. The XFL is owned by movie star Dwayne 'The Rock' Johnson while the USFL is under the ownership of Fox Corp. In a joint statement the XFL and USFL said the merger will be subject to customary regulatory approvals. Neither the XFL or USFL or a new league pose a threat to NFL dominance with the merged entity continuing to play a Spring schedule. McMahon relaunched the league in 2020 but never finished the season due to the COVID-19 pandemic.

Persons: Landry Jones, Kirby Lee, Dwayne, Johnson, Vince McMahon, McMahon, Steve Keating Organizations: Dallas Renegades, XFL, LA Wildcats, Health Sports Park, The Renegades, Wildcats, USA, USFL, Fox Corp, National Football League, Fox, NBC, Disney, NFL, longtime WWE, RedBird Capital Partners, Thomson Locations: Carson , California, USA, U.S, Toronto

☆ The rich are competing with private equity to buy sports teams. Here is how they are getting creative in a crowded field.
▼ + stars: | 2023-09-06 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

Valuations show no signs of cooling off with billionaires and private equity firms in bidding wars. Bankers to the rich told Insider which sports are drawing moneyed clients. Now rich individuals have to compete with institutional investors like private equity firms and sovereign wealth funds for a limited number of teams. As a result, aspiring team owners have gotten more creative to seal the deal. "It's never going to be a private equity type of model where these assets will be exited every five years," he told Insider.

Persons: Ryan Reynolds, Rob McElhenney, LeBron James, Milwaukee Bucks Marc Lasry, Brian Kantarian, Josh Harris, Kantarian, Ivo Voynov, It's, Gerry Cardinale, Voynov Organizations: Bankers, Sports, NBA, Wrexham AFC, Milwaukee Bucks, NFL, Citi Private Bank, Europe's Big Five, XFL, JPMorgan Locations: Washington, Europe, Plenty, Wall

☆ Welcome to the future of America: a chicken in every pot and a pro sports team in every backyard
▼ + stars: | 2023-07-15 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

A few years ago, it was generally accepted that there were four major pro sports leagues in North America consisting of 122 teams: MLB, the NBA, the NFL, and the NHL. Take Major League Soccer. Aliyah Boston (right) and WNBA Commissioner Cathy Engelbert pose with an Indiana Fever jersey during the 2023 WNBA Draft. This seemingly insatiable need for programming is a big reason why North American newcomers, like Major League Rugby and Major League Cricket, also have a good shot at survival. In other words, if you have ever dreamed of having a pro sports team in your neighborhood, there's never been a better chance it might actually happen.

Persons: Adam Silver, Rob Manfred, Don Garber, Lionel Messi, Cathy Engelbert, Adam Hunger, there's Organizations: NBA, MLB, MLS, Sports, Las Vegas, NHL, Las, Seattle —, NFL, Major League Soccer, Inter Miami, Boston, Indiana Fever, Major League Rugby, Major League Cricket, XFL, USFL, ESPN Locations: North America, Seattle, Las Vegas, Europe

☆ Chris Smith: Former NFL defensive end dies aged 31
▼ + stars: | 2023-04-19 | by ( Matt Foster | ) edition.cnn.com time to read: +2 min

CNN —Former NFL defensive end Chris Smith has died, his former agent said on Tuesday. Smith spent eight seasons in the NFL and played for seven franchises. Frank Jansky/Icon Sportswire/Getty Images/FileThe Browns tweeted their condolences on Tuesday. “We are deeply saddened by the passing of former Browns DE Chris Smith,” the message reads. “Rest in paradise Chris Smith,” wrote Browns tight end David Njoku on Twitter.

☆ 3 big questions about the state of Goldman Sachs heading into its second-ever investor day
▼ + stars: | 2023-02-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

All eyes are on 200 West Street in lower Manhattan today, the global headquarters of Goldman Sachs and site of the bank's second-ever investor day. Goldman's first investor day, in 2020, included plenty of discussion about the importance of building out its consumer bank. Will new details emerge regarding the asset and wealth management division that show the business is heading in the right direction? Goldman's asset and wealth management division will likely get plenty of attention today. Speaking of David Solomon... Goldman's CEO appeared on a recent episode of the bank's podcast, "Exchanges at Goldman Sachs."

☆ Meet the ex-Goldman banker who relaunched the XFL with The Rock
▼ + stars: | 2023-02-25 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +2 min

Dealmaker Gerry Cardinale is betting on it, along with Dwayne "The Rock" Johnson and the star's business partner Dany Garcia. The XFL, previously owned by Vince McMahon, had been forced to cancel its season – its first in 19 years – due to the pandemic. In order to deliver NFL-quality football, the XFL inked an exclusive partnership with the NFL Alumni Academy to find top players. "Dwayne, Dany, and I think we can do that in five." READ THE FULL PROFILE: How Gerry Cardinale became the go-to dealmaker for the Yankees, AC Milan, and Ben Affleck

☆ Former NFL player Jessie Lemonier dies at 25
▼ + stars: | 2023-01-26 | by ( Drew Weisholtz | ) www.nbcnews.com time to read: +1 min

Jessie Lemonier, a defensive end who played for the NFL’s Los Angeles Chargers and Detroit Lions, has died at the age of 25, the Lions announced Jan. 26. “We are shocked and saddened to learn of the passing of former Detroit Lion Jessie Lemonier,” the Lions said in a statement posted on Twitter. “Jessie was a model teammate and wonderful young man who is gone far too soon. Lemonier signed with the Chargers as an undrafted free agent out of Liberty University in 2020. He played in six games with them in 2020, according to Pro Football Reference.

☆ How Gerry Cardinale became the go-to dealmaker for the likes of the Yankees, AC Milan, and Ben Affleck
▼ + stars: | 2022-12-29 | by ( Hayley Cuccinello | Dakin Campbell | ) www.businessinsider.com time to read: +20 min

He bought the soccer club AC Milan in August, earning the attention of the Italian press. This past spring, AC Milan won its first national title in 11 years. Claudio Villa/AC Milan via Getty Images Show less Cardinale at a training session for AC Milan. For instance, the teams sell each other's merchandise in their stadiums, and the YES Network airs AC Milan games. "Now we have a new phase of expansion and internationalization of AC Milan with Gerry."

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