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☆ A leading fund manager warns that regional banks could cause 'financial Armageddon' — unless the government makes 2 crucial moves immediately
▼ + stars: | 2023-03-19 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Financial stress stemming from Silicon Valley Bank's collapse could spread, a top fund manager said. But that in itself is becoming an under-the-radar issue, he noted, as large banks' strength is now coming at the expense of regional banks — even those without issues. Since most regional banks aren't classified as "systemically important," their clients would be out of luck in the event of a bank failure, Hatfield noted. Unless the FDIC insures all deposits at all banks, Hatfield said that there will be no reason to put money in a non-protected regional bank. So they'll have a negative interest margin, they'll lose money, they'll get downgraded, and they'll go out of business."

☆ Tennis Channel will air Major League Pickleball tournament matches, deepening broadcast partnership
▼ + stars: | 2023-01-19 | by ( Jessica Golden | ) www.cnbc.com time to read: +4 min

Anna Bright of the Ranchers returns a shot during a group play Major League Pickleball match against Mad Drops Pickleball Club at Pickle & Chill on October 15, 2022 in Columbus, Ohio. Major League Pickleball announced Thursday the cable channel will broadcast the league's premier level tournament semifinals and finals in Mesa, Arizona, and will make all matches of the tournament available for streaming. The longtime Tennis Channel executive said pickleball has already seen a very natural overlap with existing tennis sponsors. He noted that during MLP professional matches, the ball is in action about 40% of the time, compared with professional tennis matches at 16%. Adding pickleball matches to its streaming offerings means beefing up content at a time when linear television is stagnant, at best.

Buffalo Bills safety Damar Hamlin triumphantly left an Ohio hospital Monday, a week after he collapsed on the field during a nationally televised game against the Cincinnati Bengals. Hamlin has been released and returned to Buffalo. Hamlin has been the target of unwavering support of football fans since his cardiac arrest in the first quarter of last week's "Monday Night Football" game at Paycor Stadium. On-field medical staff rushed to Hamlin and administered CPR before he was taken to the University of Cincinnati Medical Center where the player had been treated until his departure Monday. 1 and 2 teams meet in the conference title game, the top seed would get to host.

☆ Major League Pickleball merges with PPA's week-old VIBE League
▼ + stars: | 2022-11-09 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Major League Pickleball and the Professional Pickleball Association's new VIBE Pickleball League have agreed to merge, the organizations said Wednesday. The combined league will continue to operate under the Major League Pickleball brand name and format as the rapidly growing sport surges in popularity. Last week, the PPA announced the creation of the VIBE Pickleball League with Mark Cuban as its first team owner. VIBE said it would be team focused and co-ed, similar to what Major League Pickleball has been doing. Milwaukee Bucks co-owner Marc Lasry and entrepreneur Gary Vaynerchuk have both made investments in Major League Pickleball.

☆ Major League Pickleball's newest team owner is Anheuser-Busch
▼ + stars: | 2022-11-08 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Zane Navratil and Parris Todd of BLQK celebrate a point during a group play Major League Pickleball match against the Florida Smash at Pickle & Chill on October 15, 2022 in Columbus, Ohio. Major League Pickleball has named its newest team owner, and it's a major beer brand. The rapidly growing sports league announced on Tuesday that Anheuser-Busch will purchase a Major League Pickleball team. Anheuser-Busch is the first Fortune 500 company to purchase an MLP team. Major League Pickleball also sees the partnership as a big win.

☆ Portfolio manager names 3 investing themes to back and what to buy in a choppy market
▼ + stars: | 2022-10-26 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Investors will look to corporate earnings and forward guidance during this peak reporting season, with tech firms set to report this week. He said the three themes his firm is going for now are: income, energy and small-cap stocks. Energy Petrides highlighted one "interesting play" in the energy market — Master Limited Partnerships (MLPs), which trade like stocks but are really a partnership interest. Small caps Petrides said small-cap stocks have been "one of the best-performing" asset classes on average since the 1950s. Some small-cap stocks can be described as value stocks, which are shares that appear to trade at a lower price relative to their fundamentals.

☆ NBA's Durant latest high-profile athlete to invest in pickleball
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +1 min

Oct 20 (Reuters) - Two-time NBA champion and former league Most Valuable Player Kevin Durant on Thursday became the latest high-profile athlete to buy a Major League Pickleball (MLP) expansion team. The Brooklyn Nets forward and business partner Rich Kleiman announced that their Thirty Five Ventures (35V) firm purchased a pickleball team that is set to compete in the 2023 MLP season. "We're especially excited about their plans to bring pickleball to underserved communities – something they have done with basketball for years." Other MLP team owners and partners include four-time NBA champion LeBron James, Super Bowl-winning quarterbacks Tom Brady and Drew Brees as well as former world number one tennis player Kim Clijsters. Register now for FREE unlimited access to Reuters.com RegisterReporting by Frank Pingue in TorontoOur Standards: The Thomson Reuters Trust Principles.

☆ Kevin Durant is the latest athlete to buy a Major League Pickleball team
▼ + stars: | 2022-10-20 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

Brooklyn Nets star Kevin Durant is the latest celebrity athlete taking his love of pickleball big league. In recent weeks, Major League Pickleball has signed on a number of big-name athlete owners, including basketball legend LeBron James and NFL stars Tom Brady and Drew Brees. In September, a viral video showed Durant playing pickleball at a local recreation center, declaring that he's "getting the hang of it." Kleiman told CNBC that by acquiring a team, owners also get equity in the league. Similar to his work with 35V's "Build It and They Will Ball" initiative, which has refurbished basketball courts globally, Durant plans to bring pickleball to underserved communities.

☆ Why pickleball has Tom Brady and LeBron James investing
▼ + stars: | 2022-10-19 | by ( Darren Geeter | ) www.cnbc.com time to read: +1 min

Pickleball is the fastest-growing sport in America, with over 4.8 million people playing the game. By 2030, pickleball is projected to attract an estimated 40 million players across the globe, with even more investors jumping in looking to cash in on the craze. Pickleball has existed since 1965, but it wasn't until people were looking for a participatory sport during the pandemic that its popularity soared. And over the past five years, pickleball saw an average annual growth of 11.5%, while similar sports like badminton and pingpong saw negative growth of -3.7% and -1.2%, respectively. Professional leagues are competing for players, with Major League Pickleball, or MLP, which just launched last year, making headlines with investments in the seven-figure range from celebrity athletes like LeBron James and Tom Brady.

☆ LeBron James is a pickleball fan. And now he's buying a team
▼ + stars: | 2022-09-28 | by ( Jessica Golden | ) www.cnbc.com time to read: +4 min

LeBron James, the king of basketball courts, is one of the newest owners of a professional pickleball team. "When I started playing pickleball, I immediately connected with the sport's community and its capacity to be both fun and competitive," Carter told CNBC in an interview. "We had this immediate connection over their passion for playing pickleball, their passion for growing pro pickleball grassroots. Worcester said the demand for owning a pickleball team is high with more than 60 different groups expressing interest. "Yes, we would welcome LeBron or Draymond or Kevin Love to think about playing," Worcester said laughing.

☆ LeBron James headlines ownership group with Major League Pickleball
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +1 min

Sept 28 (Reuters) - Four-times NBA champion LeBron James is getting into the pickleball business, as his firm LRMR Ventures headlines a new ownership group buying a team with Major League Pickleball (MLP). MLP founder Steve Kuhn said the investment would be instrumental in helping the league achieve its goal of reaching 40 million pickleball players by 2030. Register now for FREE unlimited access to Reuters.com Register"It’s a watershed moment for pickleball in general," Kuhn said in a statement. Pickleball is a fast-paced paddle sport with similarities to tennis, though played on a much smaller court with a net using a perforated plastic ball. Register now for FREE unlimited access to Reuters.com RegisterReporting by Amy Tennery in New York, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

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