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The Latest Breaking News from Sportico

Michael Andretti hands over control of race team to business partner. Formula 1 plans in limbo

Michael Andretti has restructured Andretti Global to give co-owner Dan Towriss control of the organization

The Independent UK

The $190 billion NFL is about to draft a new wildcard: private equity

After decades of resisting private equity, America’s most popular sport could be reversing itself.

Fortune

Private equity is finally coming for the NFL: Here's who's making a play for a piece of the action

Many PE firms don’t have much experience investing in sports teams. They do have the money the NFL wants and needs.

Fortune

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Cardinals’ franchise value increases but falls in NFL rankings

The Cardinals are worth nearly $5 billion but are ranked 29th out of 32 teams, according to Sportico.

USA Today Sports Media Group

Giants valued at $7.65 billion in latest Sportico franchise rankings

The New York Giants remain one of the NFL's most valuable franchises, worth a reported $7.65 billion per Sportico.

USA Today Sports Media Group

How valuable are the Commanders one year after the team sale?

How much are the Commanders worth one year after the sale?

USA Today Sports Media Group

MSU Football ranks in near top of country in revenue in 2023

See where MSU Football ranks nationally in revenue for 2023

USA Today Sports Media Group

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The Boston Celtics might be the end of the NBA’s new age of parity

We could be in the midst of watching a dynasty, folks

USA Today Sports Media Group

Wrexham owners Rob McElhenney and Ryan Reynolds buy stake in Liga MX club

The Hollywood stars have joined an the ownership group for Club Necaxa. The Mexican top flight is the second most-watched league in the US

The Guardian - US

Report: At $4.1 billion, Rockets rank No. 10 among NBA teams in franchise valuation

At $4.1 billion, the Rockets reportedly rank 10th among the NBA’s 30 teams in franchise valuation — just behind Toronto and edging out Dallas.

USA Today Sports Media Group

Arnold Palmer Net Worth And Career Earnings

Arnold Palmer - nicknamed 'The King' - was among the highest-earning athletes of all time as a result of endorsement deals and business ventures

Golf Monthly

Diamond Cheats Death -- Court Approvals Mean NBA and NHL Teams Will Stay on Bally Sports Channels After This Season

Monday's bankruptcy court approval of a $450 million debtor-in-possession package and a $495 million Sinclair settlement void contingency deals that would have set the leagues free from Bally Sports this spring

Broadcasting & Cable

Overtime Was Money Time for CBS -- Network Reportedly Banked an Additional $60 Million in Extra Ad Money on the Way to $695 Million Bonanza

CBS was able to run an extra 10 spots in what was almost a full bonus quarter of football

Broadcasting & Cable

Kristin Juszczyk got an NFL licensing deal after her incredible designs for Taylor Swift and Simone Biles

Her custom puffer jackets are absolutely amazing!

USA Today Sports Media Group

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USA Today Sports Media Group

Report: Outside group may begin massive PGA Tour investment as early as next week

The Strategic Sports Group (SSG) may begin its PGA Tour investment sooner rather than later.

USA Today Sports Media Group

Sportico says Sean Payton is the highest-paid coach in American sports

Reason

Baseball Star Shohei Ohtani's New Contract Is a Massive Tax Avoidance Scheme. Nice!

He could save $98 million by dodging California's state income taxes with his unusual, eye-popping contract.

Golf Monthly

Filing Reveals Jay Monahan's 2022 Earnings And PGA Tour's Huge Legal Fees

Sportico reports that the PGA Tour's 2022 IRS filings show a huge increase in Monahan's compensation and the organisation's legal fees

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USA Today Sports Media Group

Bill Belichick reportedly highest-paid coach across all U.S. sports

Even with a 2-9 record, Bill Belichick is still laughing his way to the bank.

Zenger

Short Squeeze Figure Ken Griffin Eyes Ownership Stake In Miami Dolphins

Citadel CEO Ken Griffin in talks to acquire minority stake in Miami Dolphins, expanding sports ownership ventures

Sports Illustrated

Jets Declined Insurance on Aaron Rodgers Before Achilles Injury, per Report

New York declined to purchase insurance coverage after acquiring the 39-year-old star quarterback.

USA Today Sports Media Group

Bengals rank last in franchise valuation again

But the Bengals are fast on the rise, too.

Zenger

Want To Invest In Lionel Messi’s MLS Success? Buy Apple Stock And This Asset Company

Soccer superstar Lionel Messi recently joined Major League Soccer (MLS) team Inter Miami in a surprise move for fans

USA Today Sports Media Group

Rams are worth $6.94 billion, 3rd-most valuable franchise in NFL

The Rams' valuation increased by 17% to $6.94 billion, making them the 3rd-most valuable franchise in the NFL

Fortune

Big Finance is taking over Big Sports. From Josh Harris to Steve Cohen to David Blitzer, here are the 120 ‘alt’ power players entering the field of play

An analysis by Fortune shows that roughly 120 private equity, VC, and hedge fund execs have amassed stakes in big-time sports franchises.

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