David Beckham, the former Manchester United star, recently acquired a sizable stake in Guild Esports. The mission of the new company is to develop esport talent, primarily through a player academy system and competition. Initially, Guild will focus on Rocket League, FiFA, and Fortnite. This is hardly Beckham’s first sports-related […]
15 MiLB Teams Sue Insurance Companies to Collect Virus Claims
Fifteen minor league baseball teams filed a federal lawsuit against their insurance companies. The lawsuit, filed on Tuesday, alleges the insurers breached their contracts when they failed to pay claims related to MiLB’s business interruption. It’s been a difficult year for all sports leagues, but probably none more difficult than […]
Orlando Pulls Out of NWSL Tournament After 10 Test Positive
The Orlando Pride announced the team will miss the upcoming NWSL tournament after six players and four staff tested positive for coronavirus. The Challenge Cup is still on schedule to start in Utah on June 27 with the remaining eight teams. The NWSL is the first US professional team sport […]
Haley Scores First Xfinity Win, Continues Kaulig Racing’s Hot Streak
Justin Haley won his first NASCAR Xfinity Series race at Talladega on Saturday, securing the second checkered flag for Kaulig Racing this season. Runner-up Ross Chastain, another Kaulig driver, took home the $100,000 Dash 4 Cash prize money. Haley, who is just 21, has three NASCAR Truck Series victories, won […]
Turner and MLB Sign $3.2 Billion Broadcast Deal Amid Restart Turmoil
The 2020 baseball season is still in flux. But that didn’t stop the MLB from nailing down a $3.2 billion deal with Turner Sports. While the price tag is arguably higher, the new deal makes few changes to their existing relationship. There has been a lot of back and forth […]
Sports Bettors Bombard Stock Market, Drive Wall Street Insane
With many sports still in hiatus, sports bettors moved into the next best game in town — the stock market. Galvanized by Barstool Sports’ founder Dave Portnoy, throngs of aggressive novices are driving Wall Street’s institutional investors insane. Between Feb. 19 to March 23, the stock market tanked roughly 34%. […]
Allen Iverson’s Reebok Retirement Plan Includes a $32M Bonus in 2030
Allen Iverson officially retired from the NBA in 2013 but thanks to Reebok, he’s still receiving $800,000 a year. Better yet, the 11-time All-Star can collect another $32 million bonus from the athletic shoe company in 10 years. Iverson celebrated his 45th birthday this week. That’s the earliest age at […]
Being Heard: Natasha Cloud’s Groundbreaking Converse Deal
Converse has signed Natasha Cloud, the first woman basketball player to endorse its shoes. In doing so, the WNBA Mystics guard follows in the footsteps of some of basketball’s legends — from Chuck Taylor to Julius Erving. But even before the groundbreaking announcement, Cloud made headlines with an important message, […]
Record $1M UFC 250 Bet Scores on Historic Amanda Nunes Victory
Someone placed a $1 million bet on Saturday for Amanda Nunes to win her UFC 250 bout against Felicia Spencer. Both the bet and the match set records, as Nunes successfully defended her featherweight title. The million dollar bet was recorded at a William Hill Sportsbook in Las Vegas. Nunes, […]
Rapinoe Opts Out of NWSL Tourney, Durant Buys MLS Team Stake
Megan Rapinoe has decided to opt out of the National Women’s Soccer League’s (NWSL) upcoming tournament. Meanwhile, NBA’s Kevin Durant acquired a 2% stake in Philadelphia’s Major League Soccer Team (MLS) team. Apparently, even without scheduled seasons, US soccer can still make news. Megan Rapinoe’s coach Farid Benstiti was dismayed […]
Roger Federer Forbes Highest-Paid Athlete at $106 Million
Tennis pro Roger Federer takes the top spot in the latest Forbes ranking of sports’ highest earners. Federer, who was fifth on last year’s list, overtook some of soccer’s biggest stars who sustained salary cuts amid the global pandemic. This spring, sporting events and major league seasons abruptly came to […]
National Women’s Soccer League Schedules 25-Game Tournament
The National Women’s Soccer League will kick off its 25-game Challenge Cup tournament starting on June 27. The NWSL’s tournament will take place in Utah without fans, and possibly, without some key players. Saturday is the first day that NWSL teams are able to conduct full team practices, according to […]
From Sex Dolls to Bubble Facilities: Deconstructing Home Advantage
Professional sports leagues are starting up without fans in the stands, minimizing the risk of contagion. Home advantage, however, may prove elusive in this new fanless era. But as leagues try everything from piped in crowd noise to artificial fans, we may develop a better understanding about what gives home […]
Vegas Dave Profits From Record-Breaking Mike Trout Rookie Card Auction
A rare Mike Trout signed rookie card fetched $900,000 at auction on Wednesday in what is turning out to be a hot sports memorabilia market. Trout’s card smashed the auction record for a modern-era baseball card and made banned sports bettor Dave Oancea a happy man. This sports memorabilia auction […]
Under Armour Delaying Payments to Athletes as Losses Mount
The athletic apparel company Under Armour said it’s negotiating with athletes to delay their sponsorship payments. While Under Armour didn’t name any of the athletes it is working with on payment deferrals, the pros it has under contract include Stephen Curry, Jordan Spieth, Tom Brady, and Bryce Harper. Under Armour’s […]
City Football Group (CFG) Adds Lommel SK to Growing Empire
City Football Group just acquired Belgian club Lommel SK. With the addition of this second division team, CFG now owns nine clubs, including the Premier League’s Manchester City. Lommel SK, like most lower-tier football clubs, was struggling in the wake of the global pandemic. It had recently been denied a […]
SEC Filing Reveals NFL, NBA Owners Among Major Investors in DraftKings
Some major league team owners bought shares in the sports betting company DraftKings prior to its April 24 public offering. James Dolan, Robert Kraft, Hal Steinbrenner, and Jerry Jones all held shares either directly or through affiliated companies, according to a document filed with the Securities and Exchange Commission that became […]
How the USWNT Equal Pay Lawsuit Derailed, Settlement Still Possible
A federal judge dismissed the equal pay portion of the US women’s national soccer team’s (USWNT) lawsuit. Although some working conditions claims against the US Soccer Federation (USSF) can proceed, Friday’s decision puts more pressure on the USWNT to settle out of court. The USWNT is strong and strident. The […]
Private Equity Fund to Buy Minority Stakes in Professional Sports
Arctos Sports Partners, a new private equity firm, is looking to buy minority stakes in US major league sports teams and European soccer clubs. Private equity firms often buy troubled assets and — in the coronavirus era — sports franchises now fit that model. But high franchise valuations may be […]
J-Lo and A-Rod Raising Money for Possible Mets Stake
Former baseball player Alex Rodriguez and entertainment icon Jennifer Lopez are raising money to buy a stake in the NY Mets. According to Variety, the power couple is working with JPMorgan Chase to raise capital for a possible bid. J-Lo and A-Rod are hardly the first suitors for the New […]