The NBA has no imminent plans for expansion, but when it does, Commissioner Adam Silver has said Las Vegas will be on the shortlist. Seattle is also considered a favorite.
Goldman Sachs / Design: Alex Brooks
Goldman Sachs beat analysts’ expectations with its latest earnings report on Friday.
The financial services company generated $ 13.61 billion in revenue in the third quarter of 2021, beating Wall Street estimates of $ 11.68 billion. Goldman Sachs generated $ 46.7 billion in sales over the three quarters, making 2021 the best year in its history after only nine months.
Third-quarter results were driven by Goldman’s investment banking division, which generated revenue of $ 3.7 billion, an 88% year-over-year increase. The company has made a number of recent moves in sports.
The company helps FC Barcelona sell $ 609 million in private placements to partially refinance the debt.
He raised $ 1.17 billion to fund CVC Capital Partners“Equity deal with La Liga.
Goldman is also helping the NFL find investment partners for its major media assets, including the NFL Network, RedZone, and NFL.com.
After hiring Goldman, NFL commissioner Roger Goodell reportedly told league staff in a memo that the league planned to take advantage of live games, events like the NFL draft and the opportunities around. sports betting. In April, Goldman Sachs valued that the sports betting market could reach $ 39 billion by 2033.
The company predicts up to 50 million sports bettors in the United States when the industry matures.
Spirit of Washington / Design: Alex Brooks
Yielding to pressure from players, fans and at least one minority owner, Washington Spirit controlling owner Steve Baldwin noted On Thursday, he would sell his stake in the NWSL team.
The announcement follows calls of the team’s players to sell the team to minority owner Y. Michele Kang.
Spirit coach Richie Burke was last week withdrawn and banned from working in the NWSL following an investigation for harassment. Spiritual leadership was not allowed to participate in the governance of the league for not resolving this situation.
Baldwin has resigned as CEO, a move Spirit players saw as insufficient.
“The person we trust is Michèle“the players wrote, adding that” you always said you intended to hand the team over to women’s ownership. That moment is now. Please sell to Michele at a reasonable price.
Kang bought a 35% of the capital in the team last December.
In July, the Wilf family, owners of the Minnesota Vikings, purchased the Orlando Pride and Orlando City SC for up to $ 450 million.
The previous month, Ted Segal, founder of real estate and finance company EJS Group, bought the Houston Dynamo and Dash for a $ 400 million.
Baldwin said a sale of his stake is expected to close by the end of the year.
Signa Sports United / Design: Alex Brooks
Signa Sports United are said to be close to an investment of more than $ 370 million from a group that understand Saudi Arabia’s sovereign wealth fund – the Public Investment Fund.
The German bicycle and tennis equipment retailer went public earlier this year through a SPAC merger with Yucaipa Acquisition Corporation, a company run by Pittsburgh Penguins co-owner Ronald Burkle. The merger, which should be finalized by the end of the year, values Signa at $ 3.2 billion.
The funding would be used to expand Signa’s presence in the United States, which the retailer says will account for 9% of its $ 1.6 billion in net income for the fiscal year ended September 30.
This figure assumes that Signa is finalizing the acquisition of the Wiggle cycling store – a deal that was announced alongside its SPAC merger – and Tennis Express, an online retailer. Wiggle has annual sales of around $ 500 million.
Signa already operates tennis retailer Midwest Sports in the United States
In the past year alone, the PIF bought the England football team from Newcastle United to $ 409 million, participated in a $ 758 million transaction investment in the McLaren group and acquired $ 3.3 billion in video game shares in Activision Blizzard, Electronic Arts and Take-Two.
By 2030, the heritage fund estimates it will be the management 2,000 billion dollars in financial assets.
In today’s Leadoff, we covered the rights to the Super Bowl halftime show up for grabs, BlackRock’s record third quarter, Rally hitting a $ 175 million valuation, and Slinger acquiring PlaySight Interactive for $ 82. millions of dollars. Click here to listen.
The NHL season ends strong start the first year of a billion dollar media rights package with ESPN and Turner Sports. ESPN’s doubles schedule on Tuesday averaged 884,000 viewers, while Turner’s show on Wednesday drew about 669,500 viewers, an increase from the NHL average for its last two opening games of the season. season.
NFL General Counsel Jeff Pash has been appointed as a frequent correspondent in the survey of 650,000 emails regarding the Washington football team’s workplace culture.
Milwaukee Bucks forward Semi Ojeleye spent the first four seasons of his career in Boston, but now plays with Giannis Antetokounmpo and the defending champions. Semi sat down with the sports section to discuss how he plans to prove himself with a one-year contract. Subscribe to the Sports section for more interviews with personalities from the world of sport.
Patriots rookie quarterback Mac Jones has been impressive in the opening weeks of the season, but can he do enough to keep pace with one of the league’s best offensives? The Cowboys will look to maintain a good thing as they put their four-game winning streak on the line at Foxborough.