The Milwaukee Bucks received their NBA 2021 championship rings on Tuesday night. In addition to 360 diamonds on top and 4.14 carats of emeralds, the rings have a QR code that when scanned plays out the best moments of the team’s playoff run. Fancy.
UEFA Nations League / Design: Alex Brooks
Football governing bodies CONMEBOL and UEFA have already expressed opposition to FIFA’s proposal to move the World Cup from a quadrennial to a biennial event, but now more than a dozen European nations are would have consider leaving FIFA entirely in a protest of last resort.
UEFA says FIFA has not been able to “demonstrate the benefits” of hosting the World Cup every two years.
The IOC opposes FIFA’s plan, too – a 2028 World Cup would take place shortly before the Los Angeles Olympics, potentially affecting sponsorships.
An IOC executive commented on the pressure other world events may have on athletes.
Adidas CEO Kasper Rørsted has voiced his own opposition. The company is the official supplier of soccer balls for the World Cup until 2030.
There will likely be a meeting with all 211 FIFA member countries in December to make a decision, according to ESPN.
FIFA achieved sales of $ 6.4 billion between 2017 and 2020, more than 70% which came from the 2018 World Cup. Qatar, host of the 2022 World Cup, expects a $ 20 billion economic boost.
If member nations decide to leave FIFA, they will still be able to play in European competitions.
SPANX / Design: Alex Brooks
Investment giant Blackstone is purchase controlling stake in clothing brand Spanx at a valuation of $ 1.2 billion.
Founded in 2000, Spanx sets itself apart from many long-standing sportswear manufacturers with its digital presence: two-thirds of Sales are via its website. Blackstone believes there is great potential for sales growth through accelerated time to market.
With 119 billion dollars in the private equity assets of companies under management and $ 35 billion in available capital, Blackstone has been active in sports, clothing and games.
The company pulls in a $ 4.1 billion in profits on the Las Vegas Casino and Resort September Sale The cosmopolitan in a $ 5.6 billion deal. MGM Resorts purchases the property’s operations for $ 1.63 billion.
In July, Blackstone purchased a controlling stake in Group of certified collectibles to a valuation north of $ 500 million.
Blackstone considered investing in series A last year and was refuse in May on a $ 6.5 billion bid for Crown Resorts.
In April, he joined an $ 80 million funding round for the startup basketball league and media company. Over time.
Spanx founder Sara Blakely will continue to lead the company and become executive chair of an all-female board of directors.
David Butler II-USA TODAY Sports / Design: Alex Brooks
Drive by DraftKings, a venture capital firm backed by DraftKings, has raised $ 60 million for its first fund with the intention of investing in sports technology and entertainment companies.
Notable investors understand Robert Kraft, owner of the New England Patriots, Jerry Jones, owner of the Dallas Cowboys, Todd Boehly, part owner of the Los Angeles Dodgers, Madison Square Garden Sports and Arctos Sports Partners.
The company has already made a series of investments in its target sectors.
He was part of a $ 3.5 million fundraising round in May for the digital media platform Just female sport.
Last month, the company led a $ 4 million fundraiser in Toya, a game studio founded by women.
It is also a investor in the manufacturer of fitness clothing SHOUT and for information, an application that advises users on fishing trips.
The new All-Star Drive network by DraftKings – advisers of the company’s investment strategy – includes several other big names like MLB executive Theo Epstein and Red Sox CEO Sam Kennedy.
In today’s Leadoff, Netflix is on games, Fox Sports is close to a deal for UEFA Euro rights, US investors continue to buy into European football and the NRL is close to a $ 445 million rights agreement. Click here to listen.
DraftKings and Entain have agreed to deploy themselves negotiations over the US sportsbook’s $ 22.4 billion offer for the UK gaming giant.
Liberty Media, owner of Formula 1 and the Atlanta Braves, sells its all participation in iHeartMedia in sale of up to $ 150 million.
Find out how Samsung’s smart sensor-based technology is helping sites maximize their revenue in our latest webinar, Innovation in live sport: the connected place, to Tuesday October 26. Register now.*
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(Note: All at market close on 10/20/21)
The Atlanta Braves face the Los Angeles Dodgers tonight at Dodger Stadium for Game 4 of the NLCS.
How to watch: 8:08 p.m. ET on TBS
Betting odds: Dodgers -1.5 || ML -220 || O / U 8 *
To take: Expect the Dodgers to continue the momentum of Game 3. Take LA to cover.
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