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Women's soccer is bringing private equity off the sidelines. While other major U.S. sports leagues – Major League Soccer, the National Basketball Association, Major League Baseball and the National Hockey League – have allowed private equity investors to take passive, minority stakes, only the National Women's Soccer League has allowed these firms to take majority control of the economics. Sixth Street was the first to own a team in building out the San Francisco women's team, Bay FC, last year. The second-ever such deal closed a few weeks ago, as Carlyle partnered with men's team, the Seattle Sounders FC, to buy that city's counterpart in the NWSL, the Reign FC. Popov said NWSL attendance, up more than 40% this year, is evidence of the momentum in the sport.
Persons: Jessica Berman, San Francisco women's, Carlyle, Adrian Hanauer, Alex Popov, Popov Organizations: – Major League Soccer, National Basketball Association, Major League Baseball, National Hockey League, National Women's Soccer League, CNBC, Sixth, San, Bay FC, men's, Seattle Sounders FC, FC, Sounders FC, Reign FC, NWSL Board
A "Believe in Boston" flag flies during the duck boat parade celebrating the Boston Celtics' 18th NBA championship. The Boston Celtics' ownership group announced Monday that it plans to sell the team, according to a statement posted to the Celtics' account on social media site X. The controlling family of the ownership group, Boston Basketball Partners LLC, said it intends to sell all of its shares in the team "for estate and family planning consideration." As sports franchise valuations soar, the Celtics could fetch a particularly high price. The team is among the most successful and most widely followed in U.S. professional sports, and won its NBA record 18th championship last month.
Organizations: Boston Celtics, NBA, Basketball Association, Celtics, Boston Basketball Partners, Phoenix Suns Locations: Boston
Jayson Tatum #0 of the Boston Celtics rebounds the ball against the Dallas Mavericks during Game 5 of the 2024 NBA Finals on June 17, 2024 at the TD Garden in Boston. Jesse D. Garrabrant | National Basketball Association | Getty ImagesThe Boston Celtics again stand alone among NBA champions. Jayson Tatum had 31 points, 11 assists and eight rebounds as the Celtics topped the Dallas Mavericks 106-88 on Monday night to win the franchise's 18th championship, breaking a tie with the Los Angeles Lakers for the most in league history. Luka Doncic #77 of the Dallas Mavericks shoots the ball against the Boston Celtics during Game 5 of the 2024 NBA Finals on June 17, 2024 at the TD Garden in Boston. Jaylen Brown #7 of the Boston Celtics shoots a three point basket against the Dallas Mavericks during Game 5 of the 2024 NBA Finals on June 17, 2024 at the TD Garden in Boston.
Persons: Jayson Tatum, Jesse D, Larry O'Brien, Jaylen Brown, Jrue Holiday, Kristaps Porzingis, Joe Mazzulla, Bill Russell, Luka Doncic, Nathaniel S, Butler, Irving, Tatum, Brown, Payton Pritchard – Organizations: Boston Celtics, Dallas Mavericks, National Basketball Association, Getty, NBA, Celtics, Los Angeles Lakers, Boston, Big, Kristaps, Luka, Dallas, Mavericks, Brooklyn Nets Locations: Boston
It's hard to make the meaningful connections you need to succeed at work. Four quick questions can change that, says organizational psychologist Richard Davis, who's spent almost two decades advising CEOs and clients ranging from the National Basketball Association to outerwear giant Canada Goose. "There are thousands and thousands of factors that you can boil down into five main traits of a person. You can unveil those personality traits by asking someone these four questions, Davis wrote in his book "Good Judgment," which published last week:Who was an early influencer of yours? "Doing some self reflection on the personality blueprint that I described is really, really helpful in order to actually characterize other people in the same way," says Davis.
Persons: Richard Davis, who's, Davis, There's Organizations: National Basketball Association, CNBC, Society of Human Resource Management
Warner Bros. games since the 1980s, and its “Inside the NBA” is widely considered one of the best-ever sports studio shows. But with the end of Warner Bros. Discovery’s exclusive negotiating window looming, the N.B.A. Warner Bros. “The first thing anybody thinks about when you say TNT is the N.B.A.,” said John Skipper, the former president of ESPN.
Persons: of Famer Charles Barkley, , , John Skipper Organizations: Warner Bros . Discovery, National Basketball Association, TNT, Warner Bros, Discovery, of Famer, TV, ESPN
As pro athletes deal with the ramifications of betting on games, a growing number of people are also grappling with mental health issues associated with sports betting. Gambling addiction hotlines across the country have reported a huge surge in traffic in recent years. Texts and chats to the National Problem Gambling Helpline have increased around 800% since 2018 while call volume grew nearly 80%. The annual national social cost of problem gambling — including job loss and gambling-related criminal justice — amounts to around $14 billion, according to the National Council on Problem Gambling. In January, Sen. Richard Blumenthal and Rep. Andrea Salinas introduced the Gambling Addiction Recovery, Investment, and Treatment Act, which would use federal funding to treat and study problem gambling.
Persons: Tucupita, Jontay Porter, Robert Manfred, , There’s, LeBron James, , Charlie Baker —, National Collegiate Athletic Association —, Sen, Richard Blumenthal, Andrea Salinas Organizations: CNN, Major League Baseball, San Diego Padres, National Basketball Association, Toronto Raptors, MLB, US, State helplines, of Ohio, National Council, Sports, American Gaming Association, Leagues, NBA, ESPN, National Collegiate Athletic Association, Investment Locations: New Jersey, Nevada, Washington, DC, Massachusetts, Las Vegas
The N.B.A. Sees Its Future in Africa
  + stars: | 2024-06-14 | by ( Tania Ganguli | ) www.nytimes.com   time to read: 1 min
The coach, Abibou Sall, 34, instructed his players to dribble along the sideline, first with their left hands, then their right. Don’t look down at the ball, he told them, wanting the girls to learn to trust their hands. Sall is a physical trainer for the Pikine Basket Club, which practices at the Jacques Chirac Center. About 600 children play basketball at this recreational center in Pikine, a suburb bordering Dakar. The youngest players, ages 6 to 7, are introduced to the game on mini hoops.
Persons: Abibou Sall, Jacques Chirac, Sall Organizations: Pikine, Jacques, National Basketball Association Locations: Pikine, Dakar
Indiana Fever guard Caitlin Clark (22) maneuvers past Washington Mystics guard Ariel Atkins (7) and Washington Mystics guard DiDi Richards (12) during the Washington Mystics-Indiana Fever WNBA game at Capital One Arena in Washington, D.C., on June 7, 2024. Across ABC, ESPN, ESPN2 and CBS, the WNBA is averaging 1.3 million viewers per game, tripling last season's average of 462,000 viewers. About 400,000 fans attended games in May, the most first-month attendees in 26 years, according to the league. The number of people tuning in to games on TV grew 60% year over year among people of color. Viewership in the first week of the season more than doubled for young girls and people under age 35.
Persons: Caitlin Clark, Ariel Atkins, DiDi Richards, Angel Reese, We're, Colie Edison Organizations: Indiana, Washington Mystics, Indiana Fever, Capital, Washington , D.C, NCAA, Women's National Basketball Association, ABC, ESPN, ESPN2, CBS, WNBA, Chicago Sky Locations: Washington ,, Jersey
“But matters affecting the integrity of the game have a chilling effect across the board and governing bodies know this is their Achilles heel,” he warned. Fast forward to 2024 and the gambling industry is engrained in US sports culture with leagues, franchises, players and networks now partnering with betting organizations. “We need legislation to do things like prevent sports betting advertising, and to prevent prop betting. However, it can be often in leagues’ financial interest for betting to increase in popularity. “The sports leagues have turned to sports betting because it increases fan avidity.
Persons: Ippei Mizuhara, Shohei Ohtani, Tucupita Marcano, Jontay Porter, ” David Carter, , Paul Sancya, – it’s, Andrew Zimbalist, Zimbalist, ’ ”, , William Hill, Mike Segar, Porter, Long Phi Pham, Pham, Breon Peace, Victor Matheson, Matheson, Adam Silver, Robert D, Manfred , Jr, Wayne Gretzky, Bruce Bennett, ’ Zimbalist, LeBron James, Patrick Mahomes, Connor McDavid’s, ” Matheson, ” Carter, ” Zimbalist, CNN’s Thomas Schlachter Organizations: CNN, Los Angeles Dodgers, Major League Baseball, San Diego Padres, National Basketball Association, Toronto Raptors, NBA, USC Marshall School of Business, MGM Grand Detroit, DC, Super, American Gaming, Smith College, Monmouth, Reuters, Authorities, Supreme, College of, NFL, MLB, New York Rangers, Carolina Hurricanes, Madison, Garden, , NCAA, National Council Locations: Brooklyn, Michigan, Detroit, Washington, Oceanport , New Jersey, U.S, Porter , Brooklyn, New York City
Diamond Sports — which operates its networks under the Bally Sports brand — has been under bankruptcy protection since March of last year. The leagues are worried the owner of the largest portfolio of regional sports networks won't have a viable business plan sorted out ahead of the 2024-25 season. Meanwhile, numerous NBA and NHL teams have reached deals with local broadcast station groups to carry local games. Diamond Sports must put together a reorganization plan, outlining its future outside of bankruptcy protection, and receive court approval to move forward with it. The NBA has pushed for Diamond Sports to have "a very clear business plan no later than July," Indelicato said Tuesday.
Persons: Diamond, Vincent Indelicato, Indelicato, Sinclair Organizations: Bally, MLB's Houston Astros, Minnesota Twins, Target, National Basketball Association and National Hockey League, Diamond Sports, Sports, Bally Sports, NBA, NHL, Major League Baseball, Comcast Corp, Comcast, MLB, Regional, Distributors, CNBC Locations: Minneapolis , Minnesota, NBCUniversal
The team, which will be renamed, will begin play next season in the Delta Center in Salt Lake City, home of one of the Smiths’ other teams, the Utah Jazz of the National Basketball Association. Salt Lake City’s metropolitan area is less than half the size of Phoenix’s; Salt Lake City is the 29th-largest media market while Phoenix is the 11th largest. But the league’s decision was less about the size of Salt Lake City and more about its demographics. Like Phoenix, Salt Lake City is one of the country’s fastest-growing cities. But in Utah, a thriving tech industry has attracted an influx of young workers with disposable incomes.
Persons: Ryan Smith, Ashley Organizations: National Hockey League, Arizona Coyotes, Delta Center, Smiths, Utah Jazz, National Basketball Association, . Locations: Oklahoma City, Las Vegas, Winnipeg , Manitoba, Salt Lake City, Salt, City’s, Phoenix, . Utah, Utah
There was the satisfaction and appreciation of a team coming together to win the 1977 NBA title. The next day, before a Trail Blazers home game, Walton explained his emotions to a group of reporters. I regret the circumstances in which I left the Portland Trail Blazers’ family. “The Portland Trail Blazers deplore Bill Walton’s statement calling for the rejection of the United States Government. “And you are never the same again.”Related reading(Top photo of Bill Walton: NBA Photos / Getty Images)
Persons: Bill Walton, Walton, Adam Silver, Bill, Bill’s, Lori, Adam, Nate, Luke, Chris, , ” Walton, , Ted Kulongoski, it’s, Jack Ramsay, Hank Delespinasse, Robert Parrish, Ricky Pierce, Eddie Johnson, Larry Bird, Kevin McHale, Steve James, Bird, Walton . Bird, James, ” James, Dave Twardzik, Tom Shanahan, don’t, Jack, Micki Scott, Patty Hearst, Walton’s, Herman Sarkowsky, Larry Weinberg, Harry Glickman, Bill Walton’s, Arthur Ashe, Kareem Abdul, Jabbar, Bill Russell, Muhammad Ali …, White, Hal Bock, , Marty Glickman, , Bill Walton's, Sir Isaac Newton’s, Fabricio Roberto, you’ve, Taylor, ” “ John Stockton Organizations: Fame, NBA, UCLA, Portland Trail Blazers, Boston Celtics, Naismith Hall of Fame, Blazers, The Athletic, Trail Blazers, Celtics, NCAA, Memphis State, Florida State, Getty, Philadelphia, Portland, LA Clippers, Sixth, Walton, Athletic, Associated Press, Wilshire, FBI, Scotts, Symbionese Liberation Army, United, United States Government, National Basketball Association, “ Sports, The Associated Press, New York Knicks, Prime Ticket Network, NBC, ABC, CBS, FOX, ESPN, Turner Sports Locations: La Mesa, Calif, Portland, Oregon, , Blazermania, Los Angeles, Vietnam, United States, San Francisco, Walton, Utah, America
CNN —Bill Walton, the basketball Hall of Fame center who won two national titles at UCLA, two NBA championships in Portland and Boston and later put the “color” in color commentator, died Monday following a prolonged battle with cancer, the National Basketball Association announced. “Bill Walton was truly one of a kind,” NBA Commissioner Adam Silver said in a statement. He was named the NBA Finals Most Valuable Player in that playoffs, and the next season he was named the NBA’s regular season MVP. Boston Celtics Bill Walton battles Los Angeles Lakers Kareem Abdul-Jabbar during the 1985 NBA Finals. I am the luckiest guy on earth.”NBC basketball announcers Bill Walton and Marv Albert pose before the start of Game 4 of the NBA Finals in East Rutherford, New Jersey, on June 12, 2002.
Persons: Bill Walton, Walton, “ Bill Walton, Adam Silver, “ Bill, John Wooden, Wooden, Robert Parish, Kevin McHale, Boston Celtics Bill Walton, Los Angeles Lakers Kareem Abdul, Jabbar, Bob Riha, It’s, , I’ve, I’d, Marv Albert, Mike Blake, Jay Blakesberg, Bill Walton’s, ” Mick Cronin, it’s Organizations: CNN, of Fame, UCLA, NBA, National Basketball Association, Fame, Bruins, Portland Trail Blazers, San Diego, Los Angeles Clippers, Boston Celtics, Houston Rockets, Los Angeles Lakers, Naismith, Basketball Hall of Fame, NCAA, ESPN, NBC Locations: Portland, Boston, Vietnam, East Rutherford , New Jersey, Santa Clara , California
Basketball legend Bill Walton died after a battle with cancer, the NBA announced May 27. Walton, 71, won two NCAA titles and two NBA championships. AdvertisementBasketball legend Bill Walton has died after a prolonged battle with cancer, the National Basketball Association announced on May 27. Walton, 71, played center and won two National Collegiate Athletic Association titles while playing with UCLA. He was inducted into the Naismith Basketball Hall of Fame in 1993, followed by the College Basketball Hall of Fame in 2006.
Persons: Bill Walton, Walton, Organizations: NBA, NCAA, Service, National Basketball Association, National Collegiate Athletic Association, UCLA, Portland Trail Blazers, Boston Celtics, Naismith Basketball Hall of Fame, College Basketball Hall of Fame, Business Locations: Walton
Opinion | Pay Caitlin Clark What She’s Worth
  + stars: | 2024-05-23 | by ( Joshua Mendelsohn | ) www.nytimes.com   time to read: +2 min
In 1969, the National Basketball Association was a relatively young professional basketball league fighting to establish itself. But the league was facing economic problems, and it was unclear how successful it would be monetizing the game’s appeal to young people. Desperate for credibility (and fighting off a rival league also seeking to establish itself), the N.B.A. Today, the Women’s National Basketball Association, established about 50 years after the N.B.A., finds itself at a similar crossroads. has decided that Clark will be paid a salary of $76,535 in her first year.
Persons: Lew Alcindor, Alcindor, Kareem Abdul, Jabbar, Caitlin Clark, Clark Organizations: National Basketball Association, University of California, Milwaukee Bucks, Indiana Fever Locations: Los Angeles, Milwaukee
Warner Bros. It's the latest turn in what's been a relatively messy renegotiation for Warner Bros. Warner Bros. Warner Bros. Spokespeople for the NBA, Warner Bros.
Persons: Jalen, what's, Warner's Turner, David Zaslav, hasn't, NBCUniversal Organizations: Jalen Brunson, New York Knicks, Indiana Pacers, Warner Bros, National Basketball Association, Disney, Warner's Turner Sports, NBA, Discovery, , Warner Bros ., Amazon Locations: Madison, New York City , New York
The league ended its exclusive window to renew a deal with its two current media partners, Disney and Warner Bros. Warner Bros. Warner Bros. Warner Bros. Warner Bros.
Persons: Adam Silver, it's, NBCUniversal, NBCUniversal's, Warner, David Zaslav, Organizations: National Basketball Association, Warner Bros, Turner Sports, Comcast, CNBC, Disney, NBA, Discovery, Warner Bros . Discovery Locations: Cleveland , Ohio
Discovery said that they would bundle their streaming services, selling users a package that included Disney+, Hulu and Max. For years, the company has offered services like Netflix and Apple TV+ as add-ons to its existing television bundle, acting as a vendor for those companies. Comcast, which has millions of broadband and cable television customers across the United States, has different incentives to bundle streaming services together than many of its competitors do. Many other internet providers have sold bundles that include streaming services. When the short-lived short-form streaming service Quibi launched, T-Mobile offered to bundle its wireless offering with that service.
Persons: Quibi Organizations: Warner Bros, Discovery, Fox, Disney, National Basketball Association, National Football League, Max, Comcast, Netflix, Apple, Verizon, Mobile Locations: Xfinity, United States
The company has also leaned into live comedy shows, broadcasting a slew of events including the recent roast of Tom Brady. But on its most recent earnings call in April, co-CEO Ted Sarandos said Netflix isn't "anti-sports, but pro-profitable growth." Conway teaches courses about sports leadership and management, and he spent much of his career as a marketing executive for two Major League Baseball teams. Over the past few years, Apple has bought the rights to air Major League Baseball and Major League Soccer games. CNBC reported last year that Netflix, as well as Amazon, Apple, Comcast's NBCUniversal/Peacock, had expressed potential interest in a contract.
Persons: Rafael Nadal, Tom Brady, Sarandos, Ted Sarandos, Mike Tyson, Jake Paul, Marty Conway, Conway, Needham, Laura Martin, Martin, Brandon Katz, Katz, NBCUniversal, Peacock, William Mao, Octagon, Tyson, Paul, Mao Organizations: Netflix, WWE, Georgetown University, Major League Baseball, Apple, Disney, Warner Bros . Discovery, Fox, Warner Bros, Major League Soccer, National Football League, National Basketball Association, CNBC, NFL, NBA, Comcast
Xavier Gutierrez, CEO of the Arizona Coyotes and CEO of ImpactX Sports Group (L), and Pedro Guerrero, CEO of Guerrero Media. Gutierrez had previously been a managing director at private equity firm Clearlake Capital Group and knew Meruelo for about a decade before becoming the NHL's first-ever Latino CEO. It took a Latino owner to hire a Latino CEO, Gutierrez explained in an interview, because Hispanics are not well-represented in leadership positions in professional sports. Gutierrez, who is technically still CEO of the Arizona Coyotes even though the franchise is inactive, says he is the only non-owner Latino CEO. Gutierrez and Pedro Antonio Guerrero, the CEO of executive advancement company Guerrero Media, introduced Latinos in Sports at an event in Miami last week.
Persons: Xavier Gutierrez, Pedro Guerrero, Alex Meruelo, Gutierrez, Jorge Mas, haven't, Pedro Antonio Guerrero, Vianni Lubus, Mike Valdes, Fauli, José Feliciano Organizations: Arizona Coyotes, ImpactX Sports, Guerrero Media, Hockey League's Arizona Coyotes, Arizona team's, Coyotes, Clearlake Capital Group, NHL, National Football League, National Basketball Association, Major League Baseball, Major League Soccer, MLS, Inter Miami CF, Sports, CNBC, Chemistry Cultura, Clearlake Capital, Premier League's Chelsea Football Club Locations: Utah, Arizona, Guadalajara, Mexico, Cuban, American, U.S, Canada, Miami
CNBC's Jim Cramer on Friday guided investors through the upcoming earnings-packed schedule on Wall Street, saying to focus on reports from companies such as Uber , Disney and Warner Bros. Since April's labor report was weaker than expected, he said investors can worry less about the Federal Reserve's next move. Monday brings earnings from Simon Property Group and Tyson Foods , the latter of which Cramer said he thinks could be a "bounce-back play." Wynn Resorts and Reddit also release earnings that day, and Cramer said he thinks both could put up solid numbers. Cramer will be paying attention to Uber's report on Wednesday, saying he wonders whether its earnings will be hurt by competition from Lyft .
Persons: CNBC's Jim Cramer, Cramer, Warren, Reddit, Airbnb, Robinhood Organizations: Disney, Warner Bros ., Federal, Berkshire Hathaway, American Express, Apple, Cola, Occidental Petroleum, Simon Property, Tyson Foods, Wynn Resorts, Lyft, Toyota, AMC Entertainment, Warner Bros, Discovery, National Basketball Association, Akamai Technologies, Federal Trade, Capri, Enbridge
Warner Bros. Warner Bros. He's said he's not interested in being in the "rental business," as is the nature of licensing sports rights, though he has also expressed optimism about retaining NBA rights. Spokespeople for Warner Bros. Discovery, NBC and the NBA declined to comment.
Persons: John Tesh's, NBCUniversal, Comcast's NBCUniversal, David Zaslav, He's, he's Organizations: National Basketball Association, NBC, NBA, CNBC, Street Journal, Disney, Warner Bros, Warner Bros . Discovery, Comcast, Discovery
On any given evening, Ewing receives emails informing him that some fan in a far-flung location – say, Los Angeles – has just invested in his tiny Scottish soccer club, the Caledonian Braves. “A community club, most people would think, is a local community bound by a certain geography,” says Ewing. National Basketball Association/Courtesy Caledonian BravesAgainst this backdrop, fan ownership has emerged as somewhat of a utopian panacea for some fans. As time went by, the academy’s first team started playing in the Scottish soccer leagues and separated to form the Caledonian Braves in 2019. “You can be anyone really from anywhere and you can also own a football club for as little as £10 ($13).”
Persons: Ted Lasso ”, Ryan Reynolds, Rob McElhenney’s, , Chris Ewing, Ewing, Los Angeles –, ’ ” Ewing, , , Mujtaba Elgoodah, Elgoodah, braving, ” Elgoodah, Alastair Ross, Nassir Criss, Elizabeth Ball, Kristen Hamilton, Hailie Mace, Isaiah Covington, ” Covington, ” Hamilton, that’s, , , ” Criss, Mutjaba Elgoodah, Kiera Burns, ” Ball, Tom Brady, Matthew McConaughey Organizations: CNN — Soccer, Welsh soccer, Scottish soccer, Caledonian Braves, CNN Sport, Scottish, Scottish Premier League, NBA, US, Super League, Golden State Warriors, National, Players ’ Association, Braves, Twitter, Kansas City, Boston Celtics, NFL, National Basketball, English Premier League, St Mirren, Motherwell, Rangers, Celtic, , Edusport Academy Locations: Wrexham, , Los Angeles, Scottish, Australia, Motherwell, Glasgow, – Wyoming, Kansas, Scotland, Heart of Midlothian, France
Bill Bradley, the basketball Hall of Famer and former United States senator known as a staunch opponent of legalized sports betting, was speaking about the topic back in January. But he might as well have been predicting the future. “Well there hasn’t been a scandal, yet,” he said, discussing how professional sports has become ever more entwined with the gambling industry in recent years. The league said Mr. Porter wagered money on his own team to lose, pretended to be hurt for betting purposes and shared confidential information with gamblers. competition for our fans, our teams and everyone associated with our sport,” Adam Silver, the league’s commissioner, said in announcing Porter’s punishment.
Persons: Bill Bradley, , Jontay Porter, Porter wagered, Adam Silver Organizations: of Famer, United, National Basketball Association, Toronto Raptors Locations: United States
The Big Number: $76,535
  + stars: | 2024-04-19 | by ( Marie Solis | ) www.nytimes.com   time to read: 1 min
Her starting pay for the Fever — the Women’s National Basketball Association team that selected her as the No. 1 draft pick on Monday — is part of a four-year contract that will total $338,056. But to some fans, it still seemed startling low for someone with her star power — especially compared with what her male counterparts in the National Basketball Association make.
Organizations: National Basketball Association
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