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☆ CNBC Sport: Shams Charania on joining ESPN and life after Woj
▼ + stars: | 2024-10-10 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +21 min

Charania begins his ESPN TV work today. "It's definitely going to be a lot of TV," Charania said. They worked together at Yahoo Sports before becoming rivals, only for Charania to eventually take over for Wojnarowski at ESPN. Charania begins his ESPN TV work today. "It's definitely going to be a lot of TV," Charania said.

Persons: Alex Sherman, Shams, Adrian Wojnarowski, Charania, FanDuel, Jimmy Pitaro, It's, Pat McAfee, Wojnarowski, I'm, Jim Rome, I've, he's, that's, He'll, I'd, Adam Silver, Bob Kraft, Jessica Berman, CNBC's Jessica Golden, Craig Kilborn, Colin Neville, Jim Ratcliffe, Joe Tsai, Colin, Neville, dealmaking, We've, CNBC's Contessa Brewer, Jim Allen, Adam Greenblatt, isn't, Tiger Woods, Tigeraire, Woods, CNBC's Lillian Rizzo, Rudy, Rudy Ruettiger, Kevin Mayer, Tom Staggs, Read, Yahoo's Ross Dellenger, we've, Woody Johnson, Woody Johnson —, Johnson, Robert Saleh, Derek Jeter, Shams Charania, Raine Organizations: CNBC, ESPN, FanDuel TV, The, ESPN TV, Worldwide, Sports, NBA, Yahoo Sports, Wojnarowski, Yahoo, I'm, NFL, Miami Dolphins, Buffalo Bills, Los Angeles Chargers, Dolphins, New England Patriots, National Women's Soccer League, Chelsea Football Club, Manchester United, Brooklyn Nets, Premier Lacrosse League, Youth, NCAA, UFC, CNBC Sport, Rock, Seminole Gaming, U.S . Patent, Sun, QVC, Notre Dame, Disney, Candle Media, SEC, Big Ten, ACC, Jets, Apple, Hollywood, Diamond Sports Group, Bally Sports, Wildcats, College Football, Sinclair, Raine Group Locations: Raine, DraftKings, U.S, Las Vegas, Florida, Tigeraire, Northwestern

☆ Nadella, Narayen among tech CEOs investing in cricket's American dream
▼ + stars: | 2024-06-07 | by ( Seema Mody | ) www.cnbc.com time to read: +4 min

Somasegar and Nadella are among the key owners of Seattle's cricket team, named the Orcas. Microsoft CEO Satya Nadella and Adobe CEO Shantanu Narayen are among the executives investing in the new U.S. professional league, Major League Cricket. Other cricket investors include Iconic Ventures, Madrona Venture Group and executives from Google . As the Men's T20 Cricket World Cup , co-hosted by the U.S. for the first time, ramps up, investors have pumped nearly a billion dollars into their American ambition. Venture capitalist Anurag Jain, part owner of Major League Cricket team the San Francisco Unicorns, said the U.S. national team is primarily made up of players in the league.

Persons: Somasegar, They're, Soma Somasegar, Satya Nadella, Shantanu Narayen, Monank Patel, StubHub, Anurag Jain, Satyan Gajwani, Gajwani, Rangaswami, —, Jessica Golden Organizations: Microsoft, CNBC, Madrona, Adobe, Major League Cricket, Iconic Ventures, Madrona Venture Group, Google, U.S, team, ICC, Grand Prairie Cricket, Pakistan, Sunday, The New York Times, Venture, San Francisco Unicorns, U.S ., Times Internet Locations: Bellevue , Washington, America, U.S, Pakistan, Dallas, West Indies, India, Nassau County, New York, of India, North America, South Asia, Australia

Billionaire investor Mark Cuban is selling a majority stake of the Dallas Mavericks to Miriam Adelson and her family — the largest shareholders in Las Vegas Sands , a source familiar with the deal told CNBC. Adelson is selling $2 billion worth of company stock, or roughly 10% of her stake, according to an announcement from the company. Las Vegas Sands disclosed in filings Tuesday that it will buy $250 million worth of Adelson's shares. Owning a sports franchise will be a significant departure from the activities that Miriam Adelson and her late husband were known for. As a medical doctor, Miriam Adelson is also widely known for her focus on addiction.

Persons: Mark Cuban, Miriam Adelson, Adelson, Sheldon Adelson, Patrick Dumont, Sands, Miriam, Nikki Haley, Donald Trump, –, Jessica Golden Organizations: Dallas Mavericks, CNBC, Cuban, Sands, NBA, Forbes, Vegas Sands, Las Vegas Sands, Republican, Center for Responsive Locations: Las Vegas Sands, Cuban, Macao, Singapore, Las, Las Vegas, Israel, United States

☆ PGA Tour, TGL assessing timeline for Tiger Woods' new golf league after dome collapse
▼ + stars: | 2023-11-17 | by ( Drew Richardson | ) www.cnbc.com time to read: +1 min

Extensive damage at a Florida dome venue is potentially a big blow to the Tiger Woods and Rory McIlroy-backed tech-infused golf league two months out from its launch. Photos surfaced earlier this week showing that the air-supported SoFi Center dome, located in Palm Beach Gardens, Florida, had collapsed due to a power outage. "We are still assessing the damage and determining the impact on our timelines," the league, TGL, told CNBC. The indoor golf league, which counts the PGA Tour as a partner, is slated to launch on Jan. 9, featuring about two dozen tour golfers. The TGL developments also come as the PGA Tour pursues a controversial business partnership with Saudi-funded rival LIV Golf.

Persons: Woods, Tiger Woods, Rory McIlroy, TGL, Jon Rahm, Rahm, LIV Golf, –, Jessica Golden Organizations: Augusta National Golf Club, Tiger, CNBC, ESPN, Twitter, PGA, Saudi Locations: United States, Augusta , Georgia, Florida, Palm Beach Gardens , Florida

☆ NWSL announces media deals with CBS Sports, ESPN, Amazon worth $240 million
▼ + stars: | 2023-11-09 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +2 min

The National Women's Soccer League announced a four-year contract Thursday for media distribution with CBS Sports, ESPN, Amazon Prime Video and Scripps Sports . The NWSL will begin each regular-season weekend with Friday night matches on Prime Video, followed by double-header Saturday night games on Scripps'-owned ION network. The league will also air a package of regular-season matches on CBS and stream live on Paramount+. Additionally, ESPN will air a package of matches across its various channels, including live streaming on ESPN+ in English and Spanish. CBS will air a minimum of 21 games, ESPN and ABC will air 20 games, Prime Video will air 27 games and Scripps will air 50, according to the league.

Persons: Carli Lloyd of, Sydney Leroux, Orlando, Jessica Berman, —, Jessica Golden Organizations: Carli Lloyd of NJ, NY Gotham FC, Match, Sydney, Orlando Pride, Red Bull Arena, Women's Soccer League, CBS Sports, ESPN, Amazon Prime, Scripps Sports, Prime, Scripps, ION, CBS, Paramount, CNBC, ABC

☆ Fanatics to launch live events business as it seeks to create a sports version of Comic-Con
▼ + stars: | 2023-07-13 | by ( Yuheng Zhan | ) www.cnbc.com time to read: +2 min

Fanatics will launch a new live events business that will look to recreate the Comic-Con experience for sports collectibles, the company said Thursday. The new venture, called Fanatics Events, will be a partnership with events and talent management giant IMG, which is part of Endeavor . Fanatics Events plans to organize global events through partnerships and acquisitions. Fanatics said Fanatics Events aims to start holding events next year. "Fanatics Events will be super-charged by the full power of Endeavor's flywheel, global network, and events expertise to deliver once-in-a-lifetime moments that fans will remember forever," said Paul Caine, president of On Location and IMG Events.

Persons: Goldman Sachs, DraftKings, Lance Fensterman, Fensterman, Paul Caine, –, Jessica Golden Organizations: Endeavor, Barclays, York Comic Con Locations: U.S

☆ Senate Democrats press for Justice Department inquiry into PGA Tour-LIV Golf merger
▼ + stars: | 2023-06-14 | by ( Chelsey Cox | ) www.cnbc.com time to read: +4 min

WASHINGTON — Two top Senate Democrats with a track record of scrutinizing business and antitrust activity have called for a Justice Department investigation into the merger agreement between the PGA Tour and Saudi-funded LIV Golf. The letter follows Connecticut Democratic Sen. Richard Blumenthal's inquiries to PGA Tour Commissioner Jay Monahan and LIV Golf CEO Greg Norman for details on the merger. The PGA Tour also insists the deal isn't a merger and that Saudi Arabia's Public Investment Fund will be a minority investor. The deal between the PGA Tour and LIV Golf would put an end to pending antitrust litigation between the two golf organizations. Family members of 9/11 victims have protested the Saudi golf league due to the terrorists' ties to the country.

Persons: Elizabeth Warren, Ron Wyden, LIV, Elizabeth Warren of, General Merrick Garland, Jonathan Kanter, Connecticut Democratic Sen, Richard Blumenthal's, Jay Monahan, Greg Norman, Monahan, LIV Golf, DOJ didn't, Yasir Al, Rumayyan, LIV Golf's, Osama Bin Laden, Prince Mohammed bin Salman, Jamal Khashoggi, Warren, Wyden, –, Jessica Golden Organizations: U.S, Capitol, WASHINGTON —, Democrats, Justice Department, PGA Tour, Saudi, LIV Golf, Oregon, Connecticut Democratic, Saudi Arabia's Public Investment Fund, DOJ, CNBC, PGA, Public Investment Fund, Washington Post, Senate Banking Committee, Finance Locations: Sens, Washington , DC, Elizabeth Warren of Massachusetts, U.S, Saudi, Saudi Arabia

☆ DraftKings stock surges after sports-betting company boosts outlook
▼ + stars: | 2023-02-17 | by ( Stefan Sykes | ) www.cnbc.com time to read: +1 min

In this photo illustration, the American daily fantasy sports contest and sports betting company DraftKings logo is displayed on a smartphone screen. Shares DraftKings surged Friday morning after the sports-betting company reported stronger-than-expected revenue and raised its outlook for 2023. The bump in stock comes on the heels of DraftKings being the most downloaded sportsbook app in the U.S. on Super Bowl Sunday, according to the company. Analysts polled by Refinitiv had anticipated a loss of 59 cents per share on revenue of $800 million. DraftKings is raising its fiscal year 2023 revenue guidance to a range of $2.85 billion to $3.05 billion from the range it announced in November, $2.8 billion to $3 billion.

Fanatics is in discussions to acquire the BetParx sportsbook, as the sports merchandising company looks to take a bigger position in sports betting, according to people familiar with the matter. Representatives for Fanatics and BetParx declined to comment. Fanatics has been seeking a deal in the sports betting space for some time. The company is opening Fanatics Sportsbook at FedExField, the stadium of the NFL's Washington Commanders. Last year, Fanatics' billionaire executive chairman Michael Rubin sold his 10% stake in Harris Blitzer Sports Entertainment, the owner of the Philadelphia 76ers and New Jersey Devils, allowing Fanatics to enter the gambling space.

☆ Women athletes now have their own sports network
▼ + stars: | 2022-11-02 | by ( Kaitlin Balasaygun | ) www.cnbc.com time to read: +4 min

The first-ever network to focus on female athletes, the Women's Sports Network, launched Wednesday, offering 24/7 streaming of original programming, competitions, documentaries and a daily studio show "Game On." The Women's Sports Network is a free, ad-supported network featured on streaming services including Amazon.com 's Freevee, Fox Corp .'s FuboTV and Tubi, along with smart TVs. The Women's Sports Network has partnerships with the Women's National Basketball Association, Women's Football Alliance, Ladies Professional Golf Association, U.S. Female athletes at the collegiate level are also proving to be winners in the NIL era, garnering deals with brands including Nike now that college athletes can be paid for their name, image and likeness. "The Women's Sports Network is exactly what athletes, fans and sponsors have been asking for," Mollie Marcoux Samaan, commissioner of the Ladies Professional Golf Association, said in a release announcing the network launch.

☆ Justice Department's antitrust investigation of PGA Tour includes U.S. Golf Association
▼ + stars: | 2022-10-26 | by ( Jack Stebbins | ) www.cnbc.com time to read: +2 min

The Justice Department's antitrust investigation of the PGA Tour's actions against the upstart LIV Golf league has also ensnared the Augusta National Golf Club and the United States Golf Association. The managing director of LIV Golf, Majed Al Sorour, had warned that LIV would start its own majors, but later walked back the comment on Twitter. Mickelson, meanwhile, told Sports Illustrated that he "wholeheartedly" expects to play at the Masters despite his LIV Golf affiliation. Both the PGA Tour and LIV Golf have been lobbying in Washington D.C. to state their case against the other. LIV Golf also filed its own antitrust suit against the PGA Tour in September, and the tour subsequently countersued, alleging that LIV Golf was anticompetitive because of its restrictive player contracts.

☆ NFL Black Friday game coming to Amazon in 2023
▼ + stars: | 2022-10-18 | by ( Jack Stebbins | ) www.cnbc.com time to read: +1 min

Amazon will stream the first ever Black Friday NFL game in November 2023, the company revealed in a joint announcement with the National Football League on Tuesday. The teams for the Black Friday game will be announced along with the rest of the matchups in next season's NFL schedule. The announcement places the game on the key discount holiday for brick-and-mortar retailers, and the game could drive shopper traffic away from stores and towards Amazon. Even without an NFL game to deal with, Black Friday this year is already expected to underperform past years. That viewership is 48% higher than the viewership of "Thursday Night Football" in 2021, according to Tuesday's release.

☆ NFL replaces Pro Bowl with weeklong skills competitions and a flag football game
▼ + stars: | 2022-09-26 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

Signage for the NFL Pro Bowl is seen at Allegiant Stadium on Sunday, Feb. 6, 2022, in Las Vegas. (Chase Stevens/Las Vegas Review-Journal/Tribune News Service via Getty Images)The NFL said it is eliminating the Pro Bowl in favor of a week's worth of skill competitions and a flag football game. In what's now called "The Pro Bowl Games," players from both conferences will showcase their football and non-football talents in a weeklong series of competitive events, replacing the full-contact Pro Bowl game that started in 1951. The multiday event will be held in Las Vegas in February, and will culminate with a flag football game to take place at Allegiant Stadium, where the Las Vegas Raiders play. Manning will also take part in the coaching staff for the flag football game.

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