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☆ Utah Hockey Club is beefing up Salt Lake City's roster as a sports hub
▼ + stars: | 2024-11-20 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Salt Lake City checked all the boxes for a new professional sports team — particularly in the National Hockey League. Salt Lake City kicked off its first season in the NHL this year after the Utah Hockey Club relocated from Phoenix. The early excitement of the fanbase, marked by sellout crowds and high merchandise sales, is solidifying Salt Lake City as a sports market. So far, every one of the 11,131 unobstructed view seats at Delta Center has been sold out, according to the Utah Hockey Club. The Utah Hockey Club generated the highest retail sales on its opening night of any hockey team this season, including the Florida Panthers, the 2023-24 Stanley Cup champions, according to the Utah Hockey Club.

Persons: Ryan Smith —, Ryan, Ashley Smith, Smith, Gary Bettman, —, Chad Hutchinson, Hutchinson Organizations: National Hockey League, Salt Lake City, NHL, Utah Hockey Club, National Basketball, Utah Jazz, Major League Soccer's, National, Soccer League's Utah Royals, Smith Entertainment Group, Arctos Partners, Delta Center, Delta, NBA, Florida Panthers, Utah Hockey Club's, Vegas Golden Knights Locations: Salt Lake City, U.S, —, Salt Lake, Phoenix, Salt, Utah

☆ CNBC's Official NHL Team Valuations 2024: Here's how the 32 franchises stack up
▼ + stars: | 2024-11-20 | by ( Michael Ozanian | ) www.cnbc.com time to read: +1 min

The National Hockey League is commanding more respect when it comes to team values. The average NHL team is worth $1.92 billion, according to CNBC's Official 2024 NHL Valuations, and recent transactions come at revenue multiples that rival deals done in Major League Baseball. For the 2023-24 season, the NHL's hockey-related revenue was $6.3 billion, 8.6% higher than the previous season, according to the league. The NHL also hit record national sponsorship revenue last season, bringing in $250 million, as well as record regular-season gate receipt revenue of $2.4 billion, the NHL said. The average NHL team posted EBITDA of $45 million on revenue of $223 million for the 2023-24 season, according to CNBC calculations.

Organizations: National Hockey League, NHL, Major League Baseball, CNBC

☆ NHL looks beyond U.S., Canada for league growth
▼ + stars: | 2024-11-20 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +4 min

A general view during the 2022 NHL Global Series Challenge between the Nashville Predators and the San Jose Sharks at O2 Arena in Prague, Czech Republic, on Oct. 7, 2022. Jumping the pondThe NHL Global Series is not new. In February, the NHL will host its first-ever 4 Nations Face-Off, an international event where league players from Canada, Sweden, Finland and the U.S. will play for their native countries. In 2026, NHL players are planning to participate in the Olympics for the first time since 2014. The hope is that increasing exposure for NHL players on a global stage will be a tailwind for the league.

Persons: Martin Rose, Bill Daly, Daly, Jake Reynolds, Stanley, Rick Burton, Burton, Bill Zito, Sam Reinhart, Miro Heiskanen, Andre Ringuette, Aleksander Barkov, Roope Hintz Organizations: Nashville Predators, San Jose Sharks, O2 Arena, Getty, National Hockey League, NHL, CNBC, American, Devils, New Jersey Devils, Olympics, Syracuse University, Business, North, Global, Florida Panthers, Dallas Stars, Nokia Arena, Buffalo Sabres Locations: Prague, Czech Republic, Canada, Europe, Sweden, Finland, Tampere, U.S, Czech

☆ The NHL has strict rules for how much teams can spend. Here's how it works
▼ + stars: | 2024-11-20 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +4 min

The pay limit has been in place since the end of a labor dispute that caused the cancellation of the entire 2004-05 NHL season. Sports business experts said the strict salary cap has helped the league's financial health since the full season stoppage. The hard salary cap is a stark difference from Major League Baseball and the National Basketball Association, which have no salary cap and a soft salary cap, respectively. But the hard cap means NHL teams have to be especially diligent. The NHL is planning to start negotiations with the NHLPA in early 2025, NHL Commissioner Gary Bettman said at this year's NHL Board of Governors meeting.

Persons: NHLPA, Rick Burton, Burton, Irwin Kishner, Herrick Feinstein, It's, Jalen Brunson, Gary Bettman Organizations: Florida Panthers, Stanley, Edmonton Oilers, Amerant Bank, National Hockey League, NHL, Toronto Maple Leafs, Columbus Blue Jackets, Official, National Hockey League Players Association, CBA, Syracuse University, Major League Baseball, National Basketball Association, National Football League, firm's Sports Law, Los Angeles Dodgers, Athletic, New York Knicks, ESPN, Governors Locations: Sunrise , Florida, American

☆ CNBC Sport: ESPN Chairman Jimmy Pitaro on the most important bet in media
▼ + stars: | 2024-10-31 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +19 min

ESPN President Jimmy Pitaro , who I spoke with this week in an exclusive interview, doesn't shy away from that. Other media companies buy sports rights too, but ESPN buys more, and its entire existence is predicated on it. Yes, ESPN+ has existed since 2018, but ESPN+ has always been ESPN Lite, as I discussed in a CNBC documentary we put out earlier this year. "If that deal delivers for us in terms of growing our ratings, growing our reach – we got Flagship rights. "If that deal delivers for us in terms of growing our ratings, growing our reach – we got Flagship rights.

Persons: Alex Sherman, Jimmy Pitaro, doesn't, Pitaro, That's, it's, There's, Pitaro hasn't, Venu, Fubo, –, He's, Shams Charania, Pat McAfee, he's, Zach Lowe, Max Kellerman, Suzy Kolber, Robert Griffin III, Steve Young, Jalen Rose, We're, Alex, you've, Morgan, Cooper Flagg, Flagg, CNBC's Jess Golden, hasn't, Erik, Hag, Ruud van Nistelrooy, Ruben Amorim, Shohei, — Dwyane Wade, Wade, Michelangelo's David, Dwyane Wade Organizations: CNBC, ESPN, Walt Disney Company, Cable, Warner Bros . Discovery, Paramount Global, Disney, ESPN –, Monday, Football, NBA, WNBA, NHL, MLB, College Football, ACC, Masters, Wimbledon, UFC, Revenue, Flagship, CNBC Sport, Morgan Stanley Wealth Management, Gatorade, Manchester United, archrival Manchester City, English Premier League, Sky Sports News, Los Angeles Dodgers, Major League Baseball, Kaseya, Union of European Football Associations, The, Pickleball, CBS, Fox Sports, December's APP, ESPN Headquarters, Washington Post, The Washington Post Locations: Duke, Los Angeles, Dallas, Atlanta, Portuguese, Japan, Miami, Europe, Fort Lauderdale , Florida

☆ Jeff Vinik sells stake in NHL's Tampa Bay Lightning to investor group
▼ + stars: | 2024-10-24 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

The Tampa Bay Lightning celebrate after defeating the Montreal Canadiens 1-0 in Game Five to win the 2021 NHL Stanley Cup Final at Amalie Arena on July 7, 2021. The Tampa Bay Lightning's ownership group is expanding. Vinik Sports Group, run by titan investor Jeff Vinik, is selling a portion of the National Hockey League team to a group of investors led by Doug Ostrover and Marc Lipschultz. As part of the Lightning deal announced Thursday, Arctos Partners will also sell a portion of its ownership and remain a minority stakeholder. Vinik acquired the Lightning in 2010 for a reported $110 million and since then has invested billions in real estate development in downtown Tampa Bay.

Persons: Jeff Vinik, Doug Ostrover, Marc Lipschultz, Vinik, Arctos, — Organizations: Tampa Bay, Montreal Canadiens, Amalie Arena, Vinik Sports Group, National Hockey League, NHL's, Governors, National Football League, Lightning, Blue Owl, NFL, Stanley Locations: Tampa, U.S, Tampa Bay

☆ Johnny Gaudreau and brother Matthew honored at Blue Jackets home opener
▼ + stars: | 2024-10-16 | by ( Liz Calvario | Kavita Varma White | ) www.nbcnews.com time to read: +3 min

Johnny Gaudreau and his brother Matthew Gaudreau were honored at the Columbus Blue Jackets opening home game. Johnny Gaudreau’s wife, Meredith Gaudreau, was in attendance, along with their 2-year-old daughter Noa and 7-month-old son Johnny, who were wearing No. A tribute video of Johnny Gaudreau’s early beginnings and hockey career was shown, with the late star talking about his love for the game. During the night, there were various opportunities to raise funds for the John and Matthew Gaudreau Foundation, including a jersey auction, raffle and lapel pin sales. Johnny and Matthew Gaudreau were riding bikes when they were struck by an alleged drunk driver, resulting in their deaths, according to police.

Persons: Johnny Gaudreau, Matthew Gaudreau, Johnny Gaudreau’s, Meredith Gaudreau, Noa, Johnny, didn’t, John, ”, Dustin Lynch, “, Justin Jeso, Kygo, “ Johnny, Matthew Gaudreau’s, Madeline Gaudreau, husband’s, Johnny ”, Matty, Madeline, ” Madeline Gaudreau, john, Noa’s Organizations: Columbus Blue Jackets, NHL, Florida Panthers, Old Dominion, Blue Jackets, Nationwide Arena, Matthew Gaudreau Foundation Locations: Old, Columbus

☆ Diamond Sports, FanDuel reach naming rights agreement for regional sports networks
▼ + stars: | 2024-10-16 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +4 min

More change is coming to Diamond Sports' regional sports networks. Diamond Sports said in the filing that if it is able to emerge from bankruptcy protection, FanDuel will be a "long-term naming rights partner." The new naming rights agreement would also give FanDuel the right to buy up to 5% of equity in the reorganized company and get performance warrants for up to 5% of equity. A naming rights deal was later signed with gaming company Bally's Corp . Some NBA teams that have left the regional sports networks have turned to local broadcast stations to air local games.

Persons: Diamond, FanDuel, Sinclair Organizations: Diamond Sports, Bally Sports, National Hockey League, National Basketball, NBA, NHL, Fox Corp, Disney, Fox Sports, Bally's Corp, Sinclair, Major League Baseball, MLB, Atlanta Braves, San Diego Padres, Arizona Diamondbacks, Milwaukee Brewers, Cleveland Guardians, Minnesota Twins, Dallas Stars, Anaheim Ducks, Parent Locations: Canada

Keep reading to learn how to watch Philadelphia Flyers vs. Edmonton Oilers live streams. Below, we've compiled everything you need to know about watching the Flyers vs. Oilers. What channel is the Philadelphia Flyers vs. Edmonton Oilers game on? The Philadelphia Flyers vs. Edmonton Oilers game will air on ESPN in the US. Check price at ExpressVPNHow to watch Philadelphia Flyers vs. Edmonton Oilers with a VPNSign up for a VPN if you don't already have one.

Persons: you've, ExpressVPN Organizations: Business, NHL, Flyers, Oilers, Philadelphia Flyers, Edmonton Oilers, Vancouver Canucks, Calgary Flames, The Oilers, Florida Panthers, Flames, Chicago Blackhawks, Winnipeg Jets, . Oilers, ESPN, DirecTV, Sling, ESPN2, ESPN3, Fubo Locations: Canada, Philadelphia, Edmonton

☆ 32-year-old Cornell grad quit her job to chase NHL dreams—now she's the league's first female coach
▼ + stars: | 2024-10-09 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

As soon as she pulled out of the parking lot, Campbell quit her job coaching hockey to teenagers and began plotting the launch of her own power skating business, she told Canadian sports blog theScore. On Oct. 8 — the opening night of the NHL season — that dream came true: Campbell made her debut as the first full-time female coach in the league. "It fuels me every day just knowing that I'm a part of something way bigger than myself and my job and my coaching," Campbell told NHL.com. 'Success usually trumps all negativity'Campbell isn't immune to the pressure that comes with being the first woman to hold a coaching job in the NHL's 107-year history. Plus, Campbell's been here before, being the first woman on an American Hockey League (AHL) bench.

Persons: Dan Bylsma, Jessica Campbell, Louis, Campbell, NHL.com, Damon Severson, —, Campbell's, Josh, theScore, there's Organizations: Seattle, St, Louis Blues, NHL, Canadian, National Hockey League, Cornell University's, Athletic, Valley Firebirds, American Hockey League, ESPN, Firebirds Locations: Seattle , Washington, Saskatchewan, Canada, Kelowna , British Columbia, Kelowna, Sweden, Germany

☆ Jessica Campbell makes history and becomes first ever female assistant coach in the NHL
▼ + stars: | 2024-10-08 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +2 min

CNN —Jessica Campbell made history on the opening night of the National Hockey League (NHL) season by becoming the first ever female assistant coach in the league. Campbell was behind the bench as the Seattle Kraken took on the St. Louis Blues at the Climate Pledge Arena in Seattle on Tuesday. The 32-year-old was named an assistant coach in July by incoming head coach Dan Bylsma. Christopher Mast/NHLI/Getty ImagesCampbell’s resume speaks for itself coming into her first season as an NHL coach. As a player, the Kraken’s new assistant coach won the under-18 Women’s World Championship in 2010 after winning silver the previous year.

Persons: Jessica Campbell, Campbell, Louis, Dan Bylsma, “, ”, NHL.com, Seattle Kraken, Christopher Mast, Bylsma, ” Bylsma, she’s Organizations: CNN, National Hockey League, Seattle, Louis Blues, ESPN, St, NHL, Valley Firebirds, American Hockey League, Firebirds Locations: Seattle

☆ States sue TikTok over app's effect on kids' mental health
▼ + stars: | 2024-10-08 | by ( Dan Mangan | ) www.cnbc.com time to read: +5 min

Schwalb's suit alleges a slew of "profound" mental health risks are posed to teens and children by compulsive TikTok use, including depression, anxiety, sleep loss and body dysmorphia. "TikTok knows that its design features make its App more addictive and keep users engaged for longer," the suit in D.C. Superior Court alleges. The complaint also says that in 2019, the company introduced "two new dangerous features": a live-streaming feature called TikTok LIVE and a virtual currency system called TikTok "Coins." TikTok incentivizes users to go LIVE by promising these monetary rewards 'the more popular [their] content becomes.'" The suit says that TikTok "earns substantial revenue" from its Coins, charging commissions of up to 50% on each transaction.

Persons: ByteDance, Brian Schwalb, Schwalb, TikTok Organizations: U.S . House, District of Columbia, CNBC, Washington , D.C, NHL's Washington Capitals hockey, Schwalb, AGs, Senate Locations: TikTok, Culver City , California, New York, California, U.S, D.C, Los Angeles, Washington ,, United States, China, Beijing

☆ LeBron James, son Bronny play together for the first time in a preseason game
▼ + stars: | 2024-10-07 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

PALM DESERT, Calif. — LeBron James and his son, Bronny, made NBA history Sunday night when they played together for the first time during the Los Angeles Lakers’ preseason game against Phoenix. LeBron and Bronny are the first father and son to play in any NBA game at the same time, let alone on the same team. Bronny James entered the game as a substitute to begin the second quarter, joining his father on the court out of the timeout. LeBron James is beginning his record-tying 22nd season in the NBA, while LeBron James Jr. — known to all as Bronny — was the Lakers’ second-round draft pick this summer. LeBron sat out of the Lakers’ preseason opener against Minnesota last Friday night, resting up after a full week of training camp following a busy summer.

Persons: LeBron James, Bronny, James family’s, Bronny James, LeBron James Jr, —, LeBron, JJ Redick, Savannah, Bryce, Zhuri, Anthony Davis, Redick, they’ve, they’ll, Ken Griffey, Gordie Howe, Marty, Mark Organizations: Los Angeles Lakers ’, Phoenix, NBA, Acrisure, Lakers, University of Southern, South Bay Lakers, G, Minnesota, Timberwolves, Cleveland Cavaliers, U.S, Paris Olympics, Suns, North, Seattle Mariners, MLB, WHA’s Houston Aeros, NHL’s Hartford Whalers Locations: Calif, University of Southern California, Los Angeles, Savannah Brinson, North American

☆ CNBC Sport: A responsible look at women's sports exuberance
▼ + stars: | 2024-10-03 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +28 min

Media landscape shifts Most of the value in professional sports is propelled by media rights deals, and we're in an unusual sweet spot right now for sports. Still, gaining access to 11 teams' media rights is probably in the league's long-run best interest. You have the WNBA rights term worth $2.2 billion over 11 years with league expansion going from 12 to 15 teams. Media landscape shifts Most of the value in professional sports is propelled by media rights deals, and we're in an unusual sweet spot right now for sports. Still, gaining access to 11 teams' media rights is probably in the league's long-run best interest.

Persons: Alex Sherman, Jeff Zucker, Patrick Whitesell, Zucker, Scripps –, it's, Alex Michael, he's, Michael, they're, There's, Caitlin Clark, Michael said, weathers, AEW, I'm, Tony Khan —, he'd, Khan, US Networks Kathleen Finch, Max, hasn't, Finch, Rob Manfred, doesn't, CNBC's Lillian Rizzo, Craig Kilborn, Barrett, Jackson, Caitlin Clark's, You've, Soccer League's Nielsen, Tom Brady, Father, Brady, Jess Golden, Michael Jordan, Libs, Jim France, OneFootball, Lionel Messi, Jessica Pegula, CNBC's, Venu, Fubo, Venu …, Nike, Matthew Friend, John Donahoe, Elliott Hill, Sabrina Ionescu –, Jane Hali, Jessica Ramirez, AE1, Gabrielle Fonrouge, Ariel Atkins, DiDi Richards, Craig Hudson Organizations: CNBC, Endeavor, WNBA, NCAA, National Women's Soccer League, Amazon, CBS, ESPN, Scripps, NBA, Fox, NBC, Apple, Google, MLS, Clark, Warner Bros ., TNT, TBS, Warner Bros, Discovery, US Networks, Diamond Sports Group, U.S, Bankruptcy, Southern, Southern District of, Major League Baseball, Atlanta Braves, MLB, Holdings, UFC, WWE, WME Sports, ATP, Miami, NCAA Women's, Soccer, Angel City FC, NFL, Premier League, Netflix, Tech, CNBC Sport, Father Time, NASCAR, Motorsports, Major League Soccer, American, NHL, Buffalo Sabres, Bills, Disney, International Center for Law & Economics, Nike, New York Liberty, Air Force, Air Jordan, League Men's NCAA, Gonzaga, Pac, West Coast Conference, FloSports, Sports, Indiana Fever, Washington Mystics, Capital, Washington , D.C, Washington Post Locations: York City, Southern District, Southern District of Texas, OpenBet, U.S, Kobe, Washington ,

☆ Nuggets, Avalanche launch streaming service, with some games aired on local broadcast stations
▼ + stars: | 2024-09-26 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +4 min

Local fans of the NBA's Denver Nuggets and the NHL's Colorado Avalanche will have some new ways to watch their teams' games this season. Beginning this season, there will be 20 Nuggets and 20 Avalanche games on Tegna's free local over-the-air broadcasts, 9NEWS and My20. The platform will give fans in the Denver media market access to all Avalanche and Nuggets games for $19.95 a month. Stars games will be available on streaming service Victory+ this season, and the local Ducks games will be available via Victory+ and a local over-the-air broadcast. These pay TV contracts help support the billions of dollars in fees that the networks pay professional sports leagues to air their games.

Persons: Nikola Jokic, Bones Hyland, Norman Powell, Stan Kroenke's, Tegna, It's, Steve Smith, Gray Organizations: Denver Nuggets, Los Angeles Clippers, Crypto.com Arena, NHL's Colorado Avalanche, Kroenke Sports, Entertainment, Denver's NBA, NHL, Avalanche, Nuggets, NBA, New Jersey Devils, Buffalo Sabres, Sports, DirecTV, Fubo, Communications, Comcast, Dish, Entertainment's KSE Media Ventures, CNBC, Bally Sports, Diamond Sports, Dallas Stars, Anaheim Ducks, Ducks, Dallas Mavericks, New Orleans Pelicans, Tegna, Pelicans, Mavericks, YES, New York Yankees, MSG Networks, New York Knicks, NHL's New York Rangers Locations: Los Angeles, Denver, Prague, North America, NBCUniversal

☆ Columbus Blue Jackets announce plans to remember Johnny and Matthew Gaudreau
▼ + stars: | 2024-09-18 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +1 min

CNN —The Columbus Blue Jackets announced preliminary plans to remember Johnny and Matthew Gaudreau on Wednesday. Johnny Gaudreau played for the Blue Jackets at the time of his passing. Columbus Blue Jackets players will wear a special sticker on their helmets to remember the Gaudreau brothers. “Beginning with the club’s first regular season game at the Minnesota Wild on Thursday, October 10, and continuing throughout the season, Blue Jackets players will wear a patch featuring Johnny’s number 13 on their jerseys,” the Blue Jackets added. A makeshift memorial outside Nationwide Arena for Columbus Blue Jackets forward Gaudreau.

Persons: Johnny, Matthew Gaudreau, Johnny Gaudreau, Matthew, Gaudreau, Jason Mowry, Louis Organizations: CNN, Columbus Blue Jackets, Blue Jackets, Jackets, Boston College, NHL, Minnesota, Nationwide Arena, Getty, St, Louis Blues, Stanley, Florida Panthers Locations: New Jersey, Philadelphia

☆ Johnny and Matthew Gaudreau tearfully remembered at joint funeral
▼ + stars: | 2024-09-09 | by ( David Close | ) edition.cnn.com time to read: +4 min

CNN —The lives of Johnny and Matthew Gaudreau were remembered at an emotional, joint memorial service at St. Mary Magdalen Catholic Church in Media, PA, on Monday. Mourners arrive for the joint funeral of NHL player Johnny Gaudreau and his brother Matthew Gaudreau. During her eulogy, Johnny Gaudreau’s widow Meredith revealed she was in her ninth week of pregnancy with the couple’s third child. “To Columbus and our Blue Jackets family. Matthew Gaudreau, 29, played professionally for five seasons after college.

Persons: Johnny, Matthew Gaudreau, Mary Magdalen, Sean Monahan, Kevin Hayes, Seth Jones, Cole Caufield, Jack Eichel, Gary Bettman, Johnny Gaudreau, Matt Rourke, Matthew, Matthew Gaudreau’s, Madeline, Johnny Gaudreau’s, Meredith, “, we’ve, ”, Tony Penna, Fr . Penna, Guy, Jane Organizations: CNN, Mary Magdalen Catholic Church, NHL, Calgary Flames, Columbus Blue Jackets, Calgary, Blue Jackets, Boston College, Gloucester Catholic High School, Gaudreau Locations: St, Media ,, New Jersey, Philadelphia, Calgary, Columbus, John, Media

☆ Eighty-eight corporate leaders endorse Harris in new letter, including CEOs of Yelp, Box
▼ + stars: | 2024-09-06 | by ( Megan Cassella | In | ) www.cnbc.com time to read: +2 min

WASHINGTON — Eighty-eight current and former top executives from across corporate America have endorsed Vice President Kamala Harris for president in a new letter shared exclusively with CNBC. Among the signers are several high-profile CEOs of public companies, including Aaron Levie of Box , Jeremy Stoppelman of Yelp and Michael Lynton, chairman of Snap . Other signers appear to be issuing their first public endorsements of Harris since she became the de facto Democratic nominee in July. They include James Murdoch, former CEO of 21st Century Fox and an heir to the Murdoch family media empire, and crypto executive Chris Larsen, co-founder of the Ripple blockchain platform. Still more are prominent in Silicon Valley, including the venture capitalist Ron Conway, entrepreneur Mark Cuban and former LinkedIn CEO Reid Hoffman.

Persons: WASHINGTON —, Kamala Harris, Aaron Levie, Jeremy Stoppelman, Yelp, Michael Lynton, Harris, James Murdoch, Murdoch, Chris Larsen, Lynn Forester de Rothschild, José E, Feliciano, Twilio, Jeff Lawson, Ted Leonsis, Kleiner Perkins, John Doerr, Deven Parekh, Jeffrey Katzenberg, Wndr, Laurene Powell Jobs, Dustin Moskovitz, Magic Johnson, Tony James, Blackstone, Bruce Heyman, Goldman Sachs, Peter Orszag, Steve Westly, Ron Conway, Mark Cuban, Reid Hoffman Organizations: WASHINGTON, CNBC, Democratic, Century Fox, Washington Wizards, WNBA's Mystics, NHL's Washington Capitals, Walt Disney Studios, Facebook, NBA Hall of Famer, Jefferson, Lazard, Westly, Tesla Locations: America, California, Capital, Silicon Valley

☆ NFL team sales are likely to stall as valuations soar
▼ + stars: | 2024-09-05 | by ( Alex Sherman | ) www.cnbc.com time to read: +10 min

Abbie Parr | Getty Images Sport | Getty ImagesThe Seattle Seahawks may be the next National Football League team to sell. The average NFL team is now worth $6.49 billion, and no team is valued at less than $5.25 billion, according to CNBC's Official 2024 NFL Team Valuations. Seven of the last 10 NFL teams to be sold outperform the S&P 500 on a percentage-gained basis since the sale. Each of the last four NFL team sales has set a new record, showcasing the rise in valuations. WATCH: New England Patriots owner Robert Kraft on new NFL private equity ruleswatch now

Persons: Abbie Parr, Paul Allen, Allen's, Jody, Marc Ganis, Roger Goodell, It's, There's, Neal Pilson, That's, Ganis, —, Daniel Snyder, Josh Harris, Terry Pegula, Kim, Ralph Wilson, David Tepper's, Jerry Richardson, Rob Walton, Pat Bowlen, Virginia Halas McCaskey, George Halas, McCaskey, George McCaskey, They're, Goodell, Curtis Martin, Tracy Gallagher, Gallagher, Robert Kraft, Kraft Organizations: Getty, Seattle Seahawks, National Football League, Former Seahawks, Microsoft, NFL, Disney, National Basketball Association, Netflix, CBS Sports, Pilson Communications, NBA, Washington, Philadelphia 76ers, National Hockey League's New Jersey Devils, Billionaire, Buffalo Bills, Carolina Panthers, Panthers, Walmart, Denver Broncos, Bills, Broncos, Chicago Bears, Bears, The Miami Dolphins, Los Angeles Chargers, Ares Management, Sixth Street Partners, Arctos Partners, Equity, Blackstone, Carlyle Group, Capital Partners, Arta Finance, NHL, Major League Baseball, New England Patriots, CNBC Locations: U.S, Spain, Germany, Brazil

☆ Sports gambling is bigger than ever. It's also gotten incredibly weird.
▼ + stars: | 2024-09-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

I live in the great state of New York, where online sports gambling has been legal since 2022. Different state, different gambling rulesMy trash-chute gambling pilgrimage is specific to me, but it represents one of the many quirks of the legalized gambling industry. When you're in New York, you're not allowed to bet on in-state colleges. Leagues love gambling, until they don'tBut what makes this new era of sports gambling particularly confusing is the relationship between sportsbooks and the leagues they're setting lines for. Yet despite all the promotion (and sponsorship money) touting sports gambling, athletes betting on their own games is still very much banned.

Persons: —, it's, York's, Pete Rose, LeBron James, Connor McDavid, Jayden Daniels, Malik Nabers Organizations: Service, Business, Syracuse University, Leagues, NFL, NBA, MLB, NHL, sportsbooks, Sports, ESPN, ESPN Bet Locations: New York, Connecticut, Illinois, sportsbooks

☆ Diamond Sports, Comcast reach a deal to return Bally regional sports to cable customers
▼ + stars: | 2024-07-29 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

Bally Sports regional channels are returning to Comcast cable TV customers. Diamond Sports — the owner of Bally Sports-branded regional sports networks — reached a deal with Comcast on Monday that will see its networks go live for cable customers on Aug. 1. Pay TV companies such as Comcast have been bleeding customers in recent years as customers opt for cheaper streaming options. Comcast said last week it lost 419,000 domestic cable customers during the second quarter and now has roughly 13.2 million subscribers in total. Once a lucrative business, regional sports networks have been particularly squeezed by customers leaving the cable bundle.

Persons: Diamond, David Preschlack, expeditiously, Preschlack Organizations: Bally, MLB's Houston Astros, Minnesota Twins, Target, Bally Sports, Comcast, Diamond Sports, —, Major League Baseball, National Basketball Association and National Hockey League, MLB, Detroit Tigers, Charter Communications, DirecTV, NHL, NBA, Bankruptcy, Southern, Southern District of, Diamond, Pay, CNBC Locations: Minneapolis , Minnesota, Xfinity, U.S, Southern District, Southern District of Texas, NBCUniversal

☆ Katie Ledecky: The rise of an Olympic great
▼ + stars: | 2024-07-27 | by ( Aimee Lewis | ) edition.cnn.com time to read: +22 min

The teenager who achieved the unthinkableIn the dining hall of London’s Olympic Village, a few hours before her first Olympic final, Ledecky is eating lunch on her own. Katie Ledecky poses on the podium after winning gold in the women's 800m freestyle final at the London 2012 Olympics. Katie Ledecky and her mother Mary Gen Ledecky during the 2023 Golden Goggle Awards on November 19, 2023 in Los Angeles, California. Katie Ledecky swimming to gold in a new world record of 15.25:48 in the women's 1500m freestyle final on August 4, 2015 in Kazan, Russia. Katie Ledecky celebates after she broke the world record to win the women's 800m freestyle final at the Rio 2016 Olympic Games.

Persons: Michael Ledecky, Katie, hasn’t, ”, –, Katie Ledecky, ” Michael Ledecky, Sarah Stier, ” Russell Mark, George, “, that’s, Prince William, Catherine, Rebecca Adlington, Lotte Friis, Little, ” Prince William, Adam Pretty, Adlington, Ledecky, Becky, Michael, musing, Fabrice Coffrini, ’ ”, hadn’t, Al Bello, athletically, Michael Phelps, ” Bruce Gemmell, didn’t, Gemmell, Bruce Gemmell, Joe Scarnici, she’s, Michael Jordan, ” ‘, Mark, ” Gemmell, “ It’s, Mary Gen Ledecky, Kevork Djansezian, David, Mary Gen, Jon, Streeter Lecka, Edward Hagan, Kathleen, Berta, Albert Einstein, Jaromir “ Jerry ” Ledecky, d’état, doesn’t, Yuri Suguiyama, Michael Phelps ’, Andrew Nesty, ominously, ” Ledecky, “ She’s, Rushmore, She’s, Joe Biden, Katie Ledecky celebates, Odd Andersen, Ariarne Titmus, Summer McIntosh, wasn’t, It’s Organizations: CNN, Ivy League, CNN Sport, Antonio, London Aquatics Centre, Briton, Games, Getty, London Games, Olympic, London, Phillips, New York Islanders, Harvard, Stanford, Silver Star, Polytechnic Institute of Brooklyn, Rutgers, Tokyo Olympics, Rio Games, Rio Locations: San Antonio , Texas, Bethesda , Maryland, USA, AFP, Irvine , California, American, Maryland, Los Angeles , California, Harvard, Tokyo, Kazan, Russia, Woolaston , North Dakota, America, Czechoslovakia, New York, eureka, Gainesville , Florida, Paris, Indianapolis

☆ The NFL is open to private equity team ownership of up to 10%, Commissioner Roger Goodell says
▼ + stars: | 2024-07-11 | by ( Alex Sherman | ) www.cnbc.com time to read: +4 min

"We've had a tremendous amount of interest [from private equity firms], and we believe this could make sense for us in a limited fashion, probably no more than 10% of a team. The National Football League is considering allowing minority private equity ownership for its 32 teams of up to 10%, Commissioner Roger Goodell said in an exclusive CNBC interview Thursday. "I think it may be leading to some rethink into the consideration of letting private equity, as an example, or institutional investors into the NFL." Private equity incentives around reaching investment targets and exit thresholds could alter the motivations for ownership in ways that make the bigger sports leagues uncomfortable. Private equity firms, tasked with finding investment vehicles to make returns on their assets under management, may be better suited to minority ownership.

Persons: Roger Goodell, Goodell, CNBC's Julia Boorstin, We've, Josh Harris, Harris, Andrew Ross Sorkin, Magic Johnson, Eric Schmidt, David Blitzer, They're, Ted Leonsis, You'll Organizations: National Football League, Allen & Company Sun Valley, National Basketball Association, Major League Baseball, National Hockey League, Major League Soccer, NFL, Allen & Co, Sun Valley Conference, CNBC, Apollo Global Management, Washington, Summit, Washington , D.C, NBA, Blackstone Group, Philadelphia 76ers, New Jersey Devils, Women's Soccer League, Washington Capitals, Wizards, Mystics, ESPN Locations: Sun Valley , Idaho, Washington ,

How to watch Argentina vs. Canada in the USThe Argentina vs. Canada game will air on Tuesday at 8 p.m. Check price at FuboHow to watch Argentina vs. Canada in MexicoWhile Copa America coverage is spread across multiple services in Mexico, the Argentina vs. Canada game will stream for free on TelevisaUnivision's ViX. How to watch Argentina vs. Canada in CanadaThe Argentina vs. Canada match will live stream on TSN in Canada, where you can also catch the Euros. How to watch Argentina vs. Canada in the UKArgentina vs. Canada will be available to live stream on Premier Sports in the UK. How to watch Argentina vs. Canada in AustraliaThe Argentina vs. Canada match will live stream through Optus Sport in Australia.

Persons: we've, you'll, who'll, ExpressVPN Organizations: Business, Copa America, Canadian, Venezuela, Argentina, Canada, America, Wednesday night's, Fox Sports, Sling, Copa, TSN, Premier Sports, NHL, NASCAR, Optus Sport, Soccer Locations: Argentina, Canada, Uruguay, Fubo, Mexico, Copa America, Australia

☆ Florida Panthers games are moving from cable to local broadcast stations
▼ + stars: | 2024-07-02 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Sergei Bobrovsky, #72, and the Florida Panthers celebrate the Stanley Cup win following a 2-1 victory over the Edmonton Oilers in Game 7 of the NHL Stanley Cup Final at Amerant Bank Arena in Sunrise, Florida, on June 24, 2024. The Florida Panthers are skating to a new TV home. The Panthers, which have appeared in the Stanley Cup finals two years in a row, signed a multiyear deal with E.W. Scripps that allows the broadcast station owner to televise all locally produced Panthers preseason and regular season games as well as round one of the playoffs. "After careful review and dialogue, Diamond reached a mutual agreement with the Florida Panthers to end our existing telecast rights contract," a Diamond spokesperson said in a statement.

Persons: Sergei Bobrovsky, Diamond Organizations: Florida Panthers, Stanley, Edmonton Oilers, NHL, Amerant Bank, National Hockey League Stanley, The Panthers, E.W, Scripps, Panthers, Scripps Sports, Professional, Diamond Sports Group, Bally Sports Florida, Diamond Locations: Sunrise , Florida, Florida

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