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☆ Cleveland launches formal bid for a WNBA team
▼ + stars: | 2024-11-20 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

Dan Gilbert Cleveland Cavaliers owner talks during a press conference introducing new head coach John Beilein at Cleveland Clinic Courts on May 21, 2019 in Independence, Ohio. Dan Gilbert, owner of the Cleveland Cavaliers, wants to bring a WNBA team to Northeast Ohio. Rock Entertainment Group, the umbrella company that hosts Gilbert's sports and entertainment properties, told CNBC on Wednesday that it intends to submit a proposal for a WNBA expansion team. The Cavs also have an existing practice facility in Independence, Ohio, which they said could be ready-made for a WNBA team. The Cleveland Cavs are off to their best start in history, currently sitting in first place in the Eastern Conference with a 15-1 record.

Persons: Dan Gilbert Cleveland, John Beilein, Dan Gilbert, Cathy Engelbert, Nic Barlage, Barlage, Cleveland, David Gilbert, that's, Engelbert, We're, Allen, Gilbert Organizations: Dan Gilbert Cleveland Cavaliers, Cleveland Clinic Courts, Cleveland Cavaliers, WNBA, Rock Entertainment Group, CNBC, NBA's Cavaliers, NFL's Browns, MLB's, American Hockey, Cleveland Clinic, Center, Cleveland Sports Commission, Eastern Conference, Golden State, Fortune, Allen & Company, Company Locations: Independence , Ohio, Northeast Ohio, Cleveland, Ohio, Denver, Miami, Milwaukee, St, Louis, Philadelphia, Toronto, Portland , Oregon

☆ Jake Paul, Mike Tyson fight breaks record for biggest boxing gate outside of Las Vegas
▼ + stars: | 2024-11-15 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

(L-R) Mike Tyson, Nakisa Bidarian and Jake Paul pose onstage during the Jake Paul vs. Mike Tyson Boxing match press conference at Texas Live! The highly anticipated boxing match between Jake Paul and Mike Tyson has already secured its place in the record books. That makes it the biggest boxing gate in history outside of Nevada. The fight between Paul, a 27-year-old YouTube influencer-turned-boxer and Tyson, a 58-year-old boxing legend, will air Friday at 8 p.m. … This is a statement that we had the biggest live gate outside of Vegas in U.S. boxing history."

Persons: Mike Tyson, Nakisa Bidarian, Jake Paul, Paul, Canelo Álvarez, Billy Joe Saunders, Conor McGregor, Eddie Alvarez, Tyson, Katie Taylor, Amanda Serrano, Floyd Mayweather Jr, Manny Pacquiao Organizations: Mike Tyson Boxing, Texas, CNBC, T, The Dallas Cowboys, AT, Las Vegas UFC, YouTube, Netflix, Las Vegas Locations: Arlington , Texas, Nevada, New York City, Vegas, U.S

☆ Adidas signs first NIL deal with girls' high school basketball player
▼ + stars: | 2024-11-14 | by ( Jessica Golden | ) www.cnbc.com time to read: +1 min

Adidas has signed Kaleena Smith as the bradn's first NIL high school basketball player. The German sports apparel brand on Thursday announced the signing of Kaleena Smith as its first high school girl's basketball partner under a name, image and likeness, or NIL, deal. The young basketball phenomenon represents Candace Parker's first signing since she took over as president of Adidas women's basketball in May. Parker, a former first-round WNBA draft pick, played 16 seasons in the WNBA and is a three-time WNBA champion and seven-time WNBA All-Star. Adidas tapped her to help evolve the company's women's basketball business.

Persons: Kaleena Smith, Smith, Candace Parker's, Parker Organizations: Adidas, University of Southern, University of Louisville, University of Connecticut, University of California, Los Angeles , Louisiana State University, University of South, WNBA Locations: Ontario , California, University of Southern California, Los Angeles ,, University of South Carolina

The CNBC Sport videocast brings you interviews with the biggest names in the business. In this week's episode, CNBC's Alex Sherman sits down with TKO Group Chief Operating Officer Mark Shapiro. They talk about whether Netflix could bid for UFC media rights, Shapiro's relationship with Vince McMahon and why sports betting is off the table. Watch the full conversation above, and sign up to receive future editions of the CNBC Sport newsletter straight to your inbox.

Persons: CNBC's Alex Sherman, Mark Shapiro, Vince McMahon Organizations: CNBC, videocast, Netflix, UFC

☆ Morgan Stanley is launching an investing index tied to sports teams
▼ + stars: | 2024-10-31 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Morgan Stanley is introducing a new portfolio for investors tied to the most prominent sports leagues. Morgan Stanley is hoping to change that. The idea for the new offering first came about when a Morgan Stanley client asked the bank to design a portfolio made up of the companies that support a specific sport. "This one person represents many, and multiples of many that are looking to invest in sports as a fan looking to get engaged." Morgan Stanley says the portfolio will mimic the risk characteristics of the S&P 500.

Persons: Morgan Stanley, Sandra Richards, Morgan Stanley's, Richards Organizations: Thursday, League, Sports, Morgan Stanley's Global Sports, Entertainment, Nielsen Sports

The CNBC Sport videocast brings you interviews with the biggest names in the business. In this week's episode, CNBC's Alex Sherman sits down with ESPN Chairman Jimmy Pitaro. Pitaro addresses a wide range of topics including the challenges of declining cable viewership, his thoughts on growing women's sports at ESPN, how he's hoping to stay away from politics this election cycle, his plans for a futuristic version of SportsCenter, and the latest on ESPN's streaming service that will launch next fall. Watch the full conversation above, and sign up to receive future editions of the CNBC Sport newsletter straight to your inbox.

Persons: CNBC's Alex Sherman, Jimmy Pitaro Organizations: CNBC, videocast, ESPN

☆ Immersive entertainment company Cosm lands rights to broadcast NFL games
▼ + stars: | 2024-10-28 | by ( Jessica Golden | ) www.cnbc.com time to read: +1 min

Cosm, the immersive technology company that broadcasts live sports events using what it calls "shared reality," is partnering with the National Football League, the company announced Monday. As part of the deal, Cosm will produce and distribute NFL games at its venues throughout the rest of the 2024 season. The deal includes broadcasting every Thursday night football game on Amazon , all Sunday night games on NBC , every Monday night football game on ESPN and select games on Sunday with Fox . Cosm uses a dynamic pricing model, similar to concerts or live sports. The company did not disclose the financial details of its deal with the NFL.

Persons: Cosm, Jeb Terry Organizations: National Football League, NBC, ESPN, Fox, Mirasol, NFL Locations: Los Angeles, Dallas , Texas, Cosm

☆ CNBC Sport: Adam Silver speaks exclusively, and TKO makes a big bet
▼ + stars: | 2024-10-24 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +21 min

The latter two are new partners (new-ish, at least – NBC is back after losing NBA rights in 2002 ). Warner Bros. Warner Bros. On the record With NBA Commissioner Adam Silver... Silver spoke to me about a lot of issues. Warner Bros.

Persons: Alex Sherman, Adam Silver, Mark Shapiro, we're, Silver, Max, David Zaslav, Luis Silberwasser, Zaslav, Silberwasser, Charles Barkley, Kenny Smith, Shaquille O'Neal, Ernie Johnson, divisiveness, we've, We're, David Stern, Chris Paul, CNBC's Jessica Golden, Gabrielle Fonrouge, Luis Suárez, Lionel Messi, CNBC's Lillian Rizzo, You've, Hurricane Milton, CNBC's Contessa Brewer, Jessica Golden, SeatGeek, Joe Biden Biden, Caitlin Clark, Goldin, LeBron James, Bronny James, Greg Rosenstein, Ari Emanuel, Brendan Mcdermid, Comcast's Organizations: CNBC, WWE, UFC, Endeavor Group, Endeavor, Professional Bull Riders, IMG, Ryder, FIFA, NFL, English Premier League, National Hockey League, Major League Soccer, PBR, NBA, Warner Bros, Disney, Comcast, NBC, Discovery, Big Tech, TNT Sports, Amazon, TNT, Turner Sports, Discovery Communications, Warner Brothers Discovery, Inside, Sony, Los Angeles Lakers, CNBC Sport, Nike, WNBA, MLS, New York Yankees, Los Angeles Dodgers, Twitter, New York Liberty, Indiana, Basketball Players, CBA, Hockey League, NHL, Lululemon, New York Stock Exchange, Reuters Locations: U.S, Hurricane, Tampa , Florida, underwhelmed, New York City

The CNBC Sport videocast brings you interviews with the biggest names in the business. In episode 1, CNBC's Alex Sherman sits down with NBA Commissioner Adam Silver. They discuss the league's breakup with media rights partner TNT, what key changes could come to the court in the years ahead and how best to grow the WNBA's revenue. Watch the full conversation above, and sign up to receive future editions of the CNBC Sport newsletter straight to your inbox.

Persons: CNBC's Alex Sherman, Adam Silver Organizations: CNBC, videocast, NBA, TNT

The NBA logo is seen outside an NBA store in New York on July 8, 2024. Under the terms of the deal, Nike will be the leagues' global outfitting, merchandising, marketing and content partner until 2037. As the largest athletic apparel company in the world, Nike has long been a favorite among professional sports leagues and their athletes. Despite Nike's recent stumbles, the NBA told CNBC it has no concerns about continuing its partnership with the apparel company. Nike has not faced significant criticism for its basketball uniforms.

Persons: Elliott Hill, Sal LaRocca, They've, LaRocca, you'll, LeBron James, Kevin Durant, Caitlin Clark, Sabrina Ionescu Organizations: NBA, Nike, National Basketball Association, National Football League, Major League Baseball, CNBC, MLB, ESPN, WNBA Locations: New York

Like many baseball stadiums around the country, Tropicana Field's geographic location makes it vulnerable to hurricane winds or tornado-force winds, hail, storm surge and flooding. NFL stadiums could experience $11 billion in climate-related losses by 2050, according to a new report released by the climate risk analysis company, Climate X. Climate X said it's a wake-up call for state and local governments. If you had a problem there yesterday, that doesn't mean that it's going to be there tomorrow," said Kamil Kluza, co-founder of Climate X. The risks from changing weather patterns go far beyond hurricane winds and flooding.

Persons: it's, X, Kamil Kluza Organizations: Field, Tampa Bay Rays, Tropicana, Baltimore Orioles, Los Angeles Dodgers, New York Mets, Miami Marlins, Pittsburgh Pirates, San Diego Padres, Climate, Arizona Diamondbacks, Chase, Minnesota Vikings, Metrodome Locations: St . Petersburg, Key, Florida, Hurricane, Tampa , Florida, Phoenix

☆ CNBC Sport: Why bars and restaurants are shedding 'Sunday Ticket' subscriptions
▼ + stars: | 2024-10-17 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +29 min

As a condition of that deal, EverPass included the right to build its own commercial streaming connection for "Sunday Ticket," bypassing third-party licensing. 1) Some commercial establishments are switching to EverPass's internet product. 2) Some commercial establishments are cutting the cord on pay-TV in general. 3) Certain commercial establishments are using YouTube's "Sunday Ticket" and paying residential prices (about $500 per year) instead of the higher business rates. 3) Certain commercial establishments are using YouTube's "Sunday Ticket" and paying residential prices (about $500 per year) instead of the higher business rates.

Persons: Alex Sherman, DirecTV's, What's, EverPass, Lillian Rizzo, –, Everpass, It's, Craig Kilborn, Val Ackerman, Ackerman, that's, We're, Alex, you've, they're, Jeff Shell, Tom Brady, Tom Wagner, CNBC's Michael Ozanian, Jessica Golden, Brady, He'll, Wagner, Warner, Jake Piazza, CNBC's Rizzo, Nielsen, That's, — Ian Charles, Arctos, Charles, NBC's Peacock, Christian Miller, Miller, Adam Silver doesn't, Jim Dolan, Abu, Greg Norman, Norman, Rory McIlroy, Tiger Woods, Chiney Ogwumike Organizations: CNBC, NFL, Google, YouTube, DirecTV, EverPass Media, RedBird Capital Partners, Amazon Prime, ESPN, Dish Network, Big East Conference, WNBA, Big, CNBC Sport, Skydance, Paramount Global, Shell, Paramount, Las Vegas Raiders, Knighthead, Raiders, Fox Sports, NBA, Warner Bros, Discovery, TNT, MLB, Los Angeles Dodgers, New York Mets, Mets, Revenue, League, Golden State Warriors, Boston Celtics, Philadelphia Phillies, Wall Street, Comcast, Puma, NBC News, U.S, SEC, New York Times, Sphere Entertainment, Saudi Arabia's Public Investment Fund, Sports Business, PGA, Chiney, Continent Foundation, Philadelphia Eagles, Kansas City Chiefs, Visual China, Getty, Big East Locations: Apple, New York, American, Boston , Philadelphia, Northern California, U.S, Abu Dhabi, Vegas, Queens, Africa, Newport Beach , California

Las Vegas Raiders owner Mark Davis walks off the field with former NFL quarterback Tom Brady before the preseason game between the Dallas Cowboys and the Las Vegas Raiders at AT&T Stadium in Arlington, Texas, on Aug. 26, 2023. National Football League owners are expected to approve Tom Brady as minority owner of the Las Vegas Raiders on Tuesday, a person familiar with the matter told CNBC. After he first retired from the NFL, Brady signed a 10-year, $375 million broadcasting deal with Fox Sports in 2022. The five-time Super Bowl MVP is not new to the Las Vegas sports scene. He is also a minority owner of the Women's National Basketball Association's Las Vegas Aces, which, like the Raiders, is owned by Mark Davis.

Persons: Mark Davis, Tom Brady, Tom Wagner, Brady, Wagner Organizations: Las Vegas Raiders, NFL, Dallas Cowboys, T, National Football League, CNBC, Raiders, Knighthead, Allegiant, Fox Sports, Las, Las Vegas Aces Locations: Arlington , Texas, Atlanta, Oakland, Las Vegas

☆ Robert Kraft, professional sports leagues join forces with campaign against antisemitism
▼ + stars: | 2024-10-10 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Robert Kraft, Founder of the Foundation to Combat Antisemitism (FCAS), Lights the Empire State Building to Stand Up to Jewish Hate and All Hate on October 7, 2024 in New York City. The biggest names in sports are joining forces in a new campaign to combat antisemitism. The Foundation to Combat Antisemitism, founded by Kraft, says 10% of U.S. adult males are blatantly prejudiced against Jewish people and tend to be outspoken about it. Kraft founded the Foundation to Combat Antisemitism in 2019 to help address the rising hate against Jews in the United States. In June, he announced a $1 million donation to Yeshiva University to cover tuition for Jewish students who wish to transfer.

Persons: Robert Kraft, Billie Jean King, Shaquille O'Neal, Jim Harbaugh, Doc Rivers, Joe Torre, Ryan Blaney, Candace Parker, Kraft Organizations: Foundation, Combat, New England Patriots, Major League Baseball, Major League Soccer, National Basketball Association, National Football League, National Women's Soccer League, NASCAR, Defamation League, The Foundation, Kraft, San Francisco 49ers, Seattle Seahawks, Columbia University, Yeshiva University Locations: New York City, U.S, Israel, United States, mater

☆ 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

Hard Rock has the monopoly on sports betting in the state, winning the exclusive tribal gaming compact following a hard-fought battle against Flutter -owned FanDuel, DraftKings and Penn Entertainment. When asked about comments made by FanDuel CEO Amy Howe on trying again to get into the Florida market, Hard Rock International Chairman and Seminole Gaming CEO Jim Allen said he's open to it. FanDuel and DraftKings declined to comment on the possibility of entering into a deal with Hard Rock. Last December at Seminole Hard Rock, the company marked what it called "a new chapter in Florida gaming," when it launched sports betting and expanded the casino table games across six Seminole Casinos in Florida. Allen declined to give specifics on sports gaming revenue in Florida on the basis that the tribe is a sovereign nation.

Persons: Hard, Amy Howe, Jim Allen, we've, Allen, he's, Howe, she's Organizations: Penn Entertainment, Rock, Seminole Gaming, CNBC, Global, Hard, Sunshine State, American Gaming Association, Division, Seminole, Seminole Casinos Locations: DraftKings, Florida, Las Vegas, California, New York

☆ Tiger Woods' logo dispute with Tigeraire escalates with federal court filing
▼ + stars: | 2024-10-04 | by ( Jessica Golden | ) www.cnbc.com time to read: +1 min

USA's Tiger Woods lines up a putt on the 2nd during day two of The Open at Royal Troon, South Ayrshire, Scotland. A logo dispute between Tiger Woods' apparel company Sun Day Red and Tigeraire, a company that makes cooling products for athletes, is now in the hands of the federal court system. Last week, Tigeraire filed a notice of opposition with the U.S. Patent and Trademark Office against Sun Day Red's Tiger logo, saying the golf legend's company "unlawfully hijacked" Tigeraire's design into its own branding. In a subsequent court filing, Woods' legal team sued Tigeraire, accusing the company of trying to capitalize off Sun Day Red's status as a bigger brand. Sun Day Red has filed a motion to dismiss the patent claim.

Persons: Tiger Woods, Tigeraire, Woods Organizations: Royal, Sun, U.S . Patent Locations: Royal Troon, South Ayrshire, Scotland

Miami Dolphins are in advanced talks to sell minority stake in team to Ares Management, billionaire Joe TsaiThe Miami Dolphins are in advanced talks to sell a minority stake in the team to private equity firm Ares Management and billionaire Joe Tsai, CNBC has learned, highlighting the growing trend of owners looking to build their sports portfolios to include multiple teams and operate their own stadiums to maximize revenue. CNBC has valued the Miami Dolphins as the league's eighth most valuable team at $7.1 billion, which does not include the stadium. The Miami Dolphins and the NFL declined to comment, and Tsai's BSE Global did not immediately respond to a request for comment. Businessman Stephen Ross purchased the Miami Dolphins in 2009 for $1.1 billion. This allows him to bring in revenue from events held at the stadium such as the Miami Grand Prix and Miami Open tennis tournament.

Persons: Joe Tsai, Ares, Tsai, Stephen Ross, Ross Organizations: Miami Dolphins, Ares Management, CNBC, Hard, Miami Grand Prix, Miami, NFL, Brooklyn Nets, Bloomberg, BSE Global, Miami Open, Dolphins, Formula, Prix

Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing looks on during the NASCAR Cup Series FireKeepers Casino 400 at Michigan International Speedway on August 18, 2024 in Brooklyn, Michigan. 23XI Racing was founded in 2020 by NBA legend Jordan, driver Denny Hamlin and Jordan's longtime business partner, Curtis Polk. Michael Jordan's NASCAR team, 23XI Racing, and fellow team Front Row Motorsports filed an antitrust lawsuit against NASCAR and CEO Jim France on Wednesday, arguing that they have used anticompetitive practices to prevent fair competition in the sport. Jordan, a longtime racing fan, is the first Black majority owner of a full-time racing team in the NASCAR series since legendary driver Wendell Scott. "Everyone knows that I have always been a fierce competitor, and that will to win is what drives me and the entire 23XI team each and every week out on the track.

Persons: Michael Jordan, 23XI, Jordan, Denny Hamlin, Curtis Polk, Bob Jenkins, Michael Jordan's, Jim France, Tyler Reddick, Jenkins, he's, Jeff Gordon, Wendell Scott Organizations: Hall of Famer, 23XI, NASCAR, Michigan International Speedway, Michael Jordan's NASCAR, Row Motorsports, Deck Toyota, Cook, Darlington Raceway, SC, Fox, NBC, Amazon, Warner Bros, Hendrick Motorsports Locations: Brooklyn , Michigan, France, Darlington, North America

☆ Tom Brady to put his watch collection up for sale at Sotheby’s
▼ + stars: | 2024-10-01 | by ( Jessica Golden | ) www.nbcnews.com time to read: +3 min

Legendary quarterback Tom Brady is putting his valuable watch collection up for sale. Tom Brady’s Audemars+Piguet watch up for auction at Sotheby’s. Sotheby’sIt wasn’t until Brady’s first Super Bowl in 2002 that his collection really took off. The highlights of the sale include a white gold and diamond-set flying tourbillon Royal Oak with bracelet by Audemars Piguet. The auction houses are also investing more in watches, with the major auction houses increasing their watch lots by 50% over last year, according to EveryWatch.

Persons: Tom Brady, ”, Philippe, Audemars Piguet, “ I’ve, ” Brady, “, timepieces, Richard Lopez, Sotheby’s, Tom Brady’s, Brady’s, Brady, Richard Mille, Baby Nadal, Philippe Nautilus, Brahm Wachter, EveryWatch Organizations: Rolex, IWC, Netflix, Super, National Football, Tampa Bay Buccaneers Locations: Sotheby’s

☆ Tom Brady to put his watch collection up for sale at Sotheby's
▼ + stars: | 2024-10-01 | by ( Jessica Golden | ) www.cnbc.com time to read: +1 min

Legendary quarterback Tom Brady is putting his valuable watch collection up for sale. The seven-time Super Bowl champion's collection will be available this December through auction house Sotheby's as part of "The GOAT Collection: Watches and Treasures from Tom Brady." "I'm excited to give fans and collectors a chance to own and cherish these special pieces from my journey just like I have." Brady said his passion for timepieces began in high school after his parents gave him his first watch as a graduation gift. It wasn't until Brady's first Super Bowl in 2002 that his collection really took off.

Persons: Tom Brady, Philippe, Audemars Piguet, I've, Brady, timepieces, Richard Lopez, Sotheby's, Brady's Organizations: Rolex, IWC

☆ Trademark dispute emerges over Tiger Woods' new logo
▼ + stars: | 2024-09-26 | by ( Jessica Golden | ) www.cnbc.com time to read: +1 min

Tiger Woods speaks during the launch of Tiger Woods and TaylorMade Golf's new apparel and footwear brand "Sun Day Red" at Palisades Village on February 12, 2024 in Pacific Palisades, California. Tigeraire , a company that makes cooling products for athletes, has filed a notice of opposition with the U.S. Patent and Trademark Office, alleging that Sun Day Red and Tiger Woods have "unlawfully hijacked" Tigeraire's design into their own branding. Tiger Woods' new logo for his Sun Day Red golf apparel line is facing a trademark dispute. TaylorMade Golf, the company behind Sun Day Red, told CNBC, "We have full confidence in the securitization of our trademarks." Sun Day Red was launched in May, following Woods' 27-year partnership with Nike.

Persons: Tiger Woods, Woods, he's Organizations: Tiger, U.S . Patent, Sun, CNBC, Nike Locations: Pacific Palisades , California

The Spurs' majority owner is Peter Holt, managing partner of Spurs Sports & Entertainment, which also operates the team's arena, the Frost Bank Center. Last May, Viera bought a 5% stake in the Spurs for an undisclosed enterprise value. Partial team owners can get major discounts when they buy small pieces of teams that give them less control over decisions. Businessman Paul Viera is increasing his stake in the San Antonio Spurs from 5% to 11%, CNBC has learned, as NBA valuations climb and make teams more attractive assets for investors. NBA teams are hot assets thanks in large part to the league's new $76 billion, 11-year media deal.

Persons: Peter Holt, Holts, Michael Dell, McCombs, David Robinson, Viera, Earnest, Paul Viera, Victor Wembanyama, Junior Bridgeman, Dee Haslam, Marc Lasry's, Bridgeman, Grant Hill, Penny, Hardaway, Robinson, Dwyane Wade, Elliot Perry, Michael Jordan, Wyc Grousbeck, Aramark Organizations: San Antonio Spurs, Golden State Warriors, T Center, Spurs, Spurs Sports & Entertainment, Frost Bank Center, Dell Technologies, Sixth Street Partners, Earnest Partners, CNBC, NBA, Southwest Division, Milwaukee Bucks, Bucks, Atlanta Hawks, Memphis Grizzlies, Utah Jazz, Grizzlies, Charlotte Hornets, Boston Celtics, Grousbecks, Celtics Locations: San Antonio , Texas, Atlanta

☆ Panthers-Raiders game marks a first for the NFL with two women presidents at the helm
▼ + stars: | 2024-09-20 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

"I'm really proud of this moment," Carolina Panthers President Kristi Coleman told CNBC ahead of the game. The game is the first time two female presidents will go head-to-head in professional football. When the Carolina Panthers take on the Las Vegas Raiders on Sunday, it will mark a historic first for the National Football League. The NFL says 22 women currently hold full-time coaching positions in the NFL. As part of growing and developing that pipeline of women, the NFL holds an annual Women's Forum.

Persons: Kristi Coleman, David Tepper, Dave Canales, Coleman, Sandra Douglass Morgan, Mark Davis, Douglass Morgan Organizations: Carolina Panthers, CNBC, NFL, Las Vegas Raiders, National Football League . Carolina Panthers, Bank of America, Panthers, Tepper Sports & Entertainment, NFL League Office, The Institute, Diversity, University of Central Locations: Charlotte , North Carolina, Sport, University of Central Florida

John Donahoe, CEO of Nike, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., July 10, 2024. Nike on Thursday announced that its CEO John Donahoe is stepping down and company veteran Elliott Hill is coming out of retirement to take the helm of the sneaker giant. Donahoe, who has been Nike's CEO since Jan. 2020, will retire from his position on Oct. 13. But on Thursday, Knight said in a statement that he is excited to welcome Hill back to the team. We've got a lot of work to do but I'm looking forward to seeing Nike back on its pace."

Persons: John Donahoe, Elliott Hill, Elliott, Nike's, Mark Parker, Donahoe, Phil Knight, Knight, We've Organizations: Nike, Allen, Co, Sun Valley Media, Technology Conference Locations: Sun Valley , Idaho, U.S, China

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