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☆ The sudden decline of one of the largest crypto exchanges could rattle the sports industry
▼ + stars: | 2022-11-10 | by ( Jennifer Korn | ) edition.cnn.com time to read: +5 min

CNN Business —The near collapse this week of FTX, one of the largest cryptocurrency exchanges, has sent shockwaves throughout the crypto startup and investment community. Like other crypto companies, FTX has invested heavily in sports sponsorships, including partnerships and naming rights in professional basketball, baseball and Formula One racing. In 2021, FTX inked a reported $135 million, 19-year deal with the NBA’s Miami Heat to rename the American Airlines Arena as FTX Arena. Sports partnership experts say the stadium naming rights are the biggest headache. In a hiring announcement earlier this year, Binance CEO Zhao “CZ” Changpeng said: “It was not easy saying no to Super Bowl ads, stadium naming rights, large sponsor deals a few months ago, but we did.”

☆ NBA roundup: Celtics set team record with 27 treys
▼ + stars: | 2022-11-06 | by ( ) www.reuters.com time to read: +7 min

Every Celtics player who took the court Saturday hit at least one 3-pointer, and they went 27-for-51 on treys. The 27 3-pointers were two more than the previous team record, set against the Philadelphia 76ers on Feb. 15, and two shy of the NBA record, set by the Milwaukee Bucks against the Miami Heat on Dec. 29, 2020. Brown finished with 30 points and Tatum had 26 as the Celtics won both ends of a back-to-back set. Julius Randle scored 29 points and RJ Barrett had 27 for the Knicks, who were also trying to win on back-to-back nights. Terry Rozier scored 25 points and Kelly Oubre Jr. added 18 for the Hornets.

☆ Luka Doncic becomes only third player in NBA history to record seven 30-plus points to begin season
▼ + stars: | 2022-11-03 | by ( Ben Morse | ) edition.cnn.com time to read: +2 min

CNN —Luka Doncic continued his scorching start to the 2022-23 NBA season and matched a record which only two NBA Hall of Famers have recorded. Doncic scored 33 points in the Dallas Mavericks’ 103-100 win against the Utah Jazz, meaning he’s now scored over 30 points in all seven of his games this season. Previously, four-time NBA MVP Chamberlain had been the last to reach the mark, doing so in 1962-63. “I always hear Wilt Chamberlain. A 23-year-old kid that is playing at this level is really, really kind of special and cool to see.

☆ Serena Williams, Justin Timberlake are among big-name investors in Tiger Woods and Rory McIlroy's sports venture
▼ + stars: | 2022-11-02 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Co-founders Tiger Woods, Rory McIlroy and Founder, CEO Mike McCarley Courtesy: TMRWSportsTiger Woods' and Rory McIlroy's new sports startup — which is already planning a new golf league — is drawing some big-name investors. TMRW Sports' first project is its TGL golf league, which was launched in partnership with the PGA Tour this summer and comes as professional golf is being disrupted by the arrival of upstart league LIV Golf. TMRW Sports is looking to draw in younger sports fans with a format that makes the golf league more compatible with prime-time television. McCarley said the company sought investors who were passionate about golf and would represent a diversity of expertise and backgrounds in media and entertainment. Rendering of the custom built arena where the TGL golf league will play.

☆ Yuta Watanabe comically dunks into his own net as Brooklyn Nets’ woes continue
▼ + stars: | 2022-10-30 | by ( Aimee Lewis | ) edition.cnn.com time to read: +2 min

CNN —The Brooklyn Nets have made a terrible start to the NBA season and on Saturday star forward Yuta Watanabe didn’t make matters any easier by comically scoring in the opposite team’s basket. At the Barclays Centre, the Nets went down 125-116 to the Indiana Pacers to go 1-5 for the season. It was the Nets’ fourth straight loss and one coach Steve Nash called a “disaster.”The night started ominously when, in the first quarter, Watanabe accidentally scored for the Pacers. The comical two-pointer cut the Nets’ lead before the Pacers tied at the end of the first quarter. As the Pacers pulled away from the struggling Nets, rookie Bennedict Mathurin scored a career-high 32 points in a team record 23 three-pointers.

☆ NBA roundup: Sixers down Pacers for first win
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +6 min

Joel Embiid added 26 points and three blocked shots and Tobias Harris scored 18 points for the Sixers, who had dropped their first three contests. Tyrese Haliburton led the Pacers with 19 points and 10 assists and Buddy Hield scored 18 points. Aaron Gordon scored 26 points on 12-of-16 shooting for the Nuggets, who have split their first four games. Porter paired 26 points with 10 rebounds, while Green added 25 points on 9-of-16 shooting. D'Angelo Russell added 25 points and seven assists, Jaylen Nowell scored 13 points and Rudy Gobert contributed 11 points and seven boards.

☆ Grizzlies vs Nets: Ja Morant takes flight and scores 38 in Memphis win over Brooklyn
▼ + stars: | 2022-10-25 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —Ja Morant led the way on Wednesday for the Memphis Grizzlies with 38 points, eight rebounds and seven assists in a 134-124 win over the Brooklyn Nets. Even his opponents praised the Memphis guard’s performance after the game with Nets star forward Kevin Durant saying that Morant is “doing some stuff that we’ve never seen before.”“He’s a unique player,” Durant added, according to ESPN. Although Durant and Kyrie Irving each scored 37 points for the Nets and Brooklyn shot 54% from the field, the Grizzlies outscored the visitors 48-27 from three-point range. The Nets launched a mini-comeback to come within seven of Memphis, but a huge 33-foot triple from Morant with 51 seconds remaining took the Grizzlies lead to 10 and locked up the win. Tonight, I thought was his best game at doing both at a high level.”The win takes the Grizzlies to 3-1 on the season, while the Nets fall to 1-2.

☆ Opening-night rosters to feature 120 international players
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +1 min

Oct 18 (Reuters) - Opening-night rosters for the National Basketball Association's 2022-23 season, which tips off later on Tuesday, will feature 120 international players from 40 countries, according to the league. The record for international players (121) and record for countries and territories represented (43) were set at the start of the 2021-22 and 2017-18 seasons, respectively. Canada is the most-represented country outside of the United States for a ninth consecutive year with 22 players featuring across the opening-night rosters of the NBA's 30 teams. Register now for FREE unlimited access to Reuters.com RegisterAustralia (10), France (9) and Germany (6) were next on the list followed by Nigeria, Serbia and Spain who each have five players on opening-night rosters. The Toronto Raptors have eight international players, marking the second consecutive season the NBA's only Canadian team lead the league in that category.

NBA regular season games are broadcast by ESPN, TNT, ABC, NBA TV, and local affiliate stations. Throughout the regular season, nationally televised NBA games are spread across TNT, ESPN, ABC, and NBA TV. Key dates for the 2022-23 NBA seasonThe 2022-23 NBA regular season begins on October 18 and runs through April 9, 2023. If you're interested in following additional games, you can subscribe to NBA League Pass to stream out-of-market regular season games from the entire league. For $20 a month or $130 a year, you can step up to NBA League Pass Premium.

☆ Reports: Celtics coach Ime Udoka faces possible suspension
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +1 min

May 7, 2022; Milwaukee, Wisconsin, USA; Boston Celtics head coach Ime Udoka gestures during the first quarter against the Milwaukee Bucks during game three of the second round for the 2022 NBA playoffs at Fiserv Forum. Jeff Hanisch-USA TODAY Sports/FilesBoston Celtics coach Ime Udoka had what was deemed as an "improper intimate and consensual relationship" with a female employee within the organization, The Athletic reported Thursday morning. ESPN reported Wednesday night that Udoka could face disciplinary action, including a hefty suspension, for an undisclosed violation of organization guidelines. Boston is handling the situation internally and Udoka is not facing scrutiny from the league itself, per the ESPN report. In his first season as head coach, Udoka, 45, led the Celtics to the NBA Finals, where they ultimately lost to the Golden State Warriors in six games.

☆ Fanatics is staffing up as it expands into collectibles, sports betting, and more. Pay data reveals how much the merch giant offers for dozens of tech and data jobs.
▼ + stars: | 2022-09-22 | by ( Ashley Rodriguez | Colin Salao | ) www.businessinsider.com time to read: +12 min

Sports-merch giant Fanatics is expanding into collectibles, sports betting, and other areas. Salaries in the data ranged from $57,000 to $233,200 for mainly tech jobs in its retail division. Fanatics is also sleeping giant in the sports-betting industry, with the potential to combine collectibles, NFTs, and gambling into one platform. Still, the data offer insight into certain salary levels across the company, which ranged from $57,138 to $233,200 per year. For example, the data included a pay rate of $125,486 to $130,000 for an experimentation strategist position.

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☆ Josh Harris co-founded Apollo, but his ownership of the 76ers and Devils was a distraction and a 'source of tension' for former employees.
▼ + stars: | 2022-09-21 | by ( Aaron Weinman | ) www.businessinsider.com time to read: +6 min

He stepped away from day-to-day activities at Apollo Global Management — the private-equity firm he co-founded — in May last year. Josh Harris upset Apollo insiders with the amount of time he spent on personal investments. During meetings for Apollo matters, Harris would sometimes take phone calls unrelated to the company, one person told Insider. Harris would also use Apollo employees to help on personal investments. People who worked on Harris' personal investments became "untouchable" within the organization.

☆ How Josh Harris, the owner of the 76ers and Devils, upset Apollo insiders with the time he spent on personal investments
▼ + stars: | 2022-09-20 | by ( Casey Sullivan | Hayley Cuccinello | ) www.businessinsider.com time to read: +16 min

One former Apollo executive couldn't wrap his mind around how the firm got investors onboard with Harris' personal activities. One advisor to Harris' family office said there would be an internal conversation every year to ensure the proper expense allocations. Several former Apollo employees, however, said other Apollo executives were concerned about Harris' use of firm resources. Few if any sources Insider spoke with expected much to change in how private-equity executives managed their personal investments. The lawyer said that the documents often state that a firm's executives will dedicate "as much time as reasonably necessary" to managing their investments.

☆ Two veteran sports execs launch firm aiming to invest up to $50M in early-stage companies
▼ + stars: | 2022-09-20 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

Two longtime sports executives are launching an investment firm they say will back startups capitalizing on the growing opportunities at the intersection of sports, media and entertainment. Velocity Capital Management said Tuesday it will invest up to $50 million in early-stage companies with enterprise values of up to $2 billion. "Camp is a business that cuts across some of the things we've been looking at as a firm," said Abrams. Before joining Harris Blitzer Sports & Entertainment as its chief investment officer in 2018, Abrams served as a partner at Apollo for much of his career. Rees previously guided Sportradar, a data firm that works with sportsbooks, sports federations and media companies, through its IPO in 2021.

☆ Top 7 cele mai mari scandaluri din sport din ultima decadă
▼ + stars: | 2021-04-05 | by ( ) www.jurnal.md time to read: +5 min

Lumea sportului și nu numai a fost șocată, însă nu atât de mult cât a fost atunci când investigația poliției braziliene a descoperit că sportivul american inventase întreaga poveste. Lochte a fost suspendat pentru 10 luni, iar ceilalți trei au primit suspendări de 4 luni. Doar doi ani mai târziu, același Lochte a fost prins dopat și cariera sa a spiralat în adâncuri nebănuite. Sharapova a susținut că a utilizat în ultimii zece ani aceast susținător cardiac, care intrase pe lista substanțelor interzise chiar la începutul lui 2016. În urma investigației, lui Lance i-au fost anulate toate rezultatele și a fost suspendat pe viață din activitatea sportivă.

Persons: Ryan Lochte, Lochte, Bryan Colangelo, Colangelo, . Luiz, Constantin Mazilescu, Giorgio, argentinianul, Giorgio Chellini, Maria, rusoaica, Sharapova, WADA, Sepp Blatter, Lance Armstrong, Oprah . Lance Armstrong, Lance Organizations: NFL, NBA, Philadelphia 76ers, Barcelonei, Atletico Madrid, Liverpool, Liga, Australian Open, Federația Internațională, Rusiei, Cupa, FIFA, Agenția Americană, US Postal Locations: Rio, american, Italia, Albion, Rusiei, Rusia, Qatar, Franței, HGH

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