SummaryThe Buss family is selling its majority stake in the Los Angeles Lakers for $10 billion, a U.S. pro sports recordMark Walter of Guggenheim Partners will acquire the majority ownership, while the Buss family retains a minority shareJeanie Buss will remain as the Lakers' governor, leading the team moving forwardThe Buss family is selling its majority stake in the Los Angeles Lakers for a reported $10 billion USD valuation, marking the most expensive price for a professional US sports organization.ESPN reports that Mark Walter, the CEO of Guggenheim Partners and TWG Global, will acquire the family's majority ownership. The Buss family will supposedly retain a minority share with a little over 15% for a period of time.Walter has stakes in a number of sports franchises, including the Los...
SummaryFormer Washington Commanders President Jason Wright indicates the NFL is close to allowing foreign investment in team ownershipWright suggests the league will initially explore "partnership deals" with companies backed by foreign governments before direct investmentThe National Football League (NFL) is reportedly on the cusp of opening its doors to foreign investment in team ownership, according to Jason Wright, the former president of the Washington Commanders. Speaking on a sports business panel last week at Gabelli Funds’ annual Media & Sports Symposium in New York, Wright stated that his "experience in NFL circles suggests the league is close to opening itself up to foreign investment."While sovereign wealth funds from regions like Saudi Arabia, Qatar, and the United Arab Em...
SummaryThe New York Knicks fired head coach Tom Thibodeau after their best playoff runThe decision aims to move the team in "another direction" towards a championshipThibodeau led the Knicks to their first ECF in 25 years and two consecutive 50-win seasonsThe New York Knicks have fired head coach Tom Thibodeau following the end of their best playoff run in decades."Our organization is singularly focused on winning a championship for our fans," Knicks president Leon Rose said in a statement via ESPN. "This pursuit led us to the decision to inform Tom Thibodeau that we've decided to move in another direction. We can't thank Tom enough for pouring his heart and soul into each and every day of being the New York Knicks head coach.""... Ultimately, we made the decision we feel is best for our o...
It's no longer orange and blue skies after the NBA's "most overrated player," Tyrese Haliburton, and the Indiana Pacers once again sent New York Knicks, Ben Stiller, Timothee Chalamet, Spike Lee, and the rest of the diehard Knickerbocker fans on summer break.
SummaryJeep reunites with Juventus as the Official Sponsor for the 2025 seasonIt has also become the Official Sponsor for the women's first team and the Juventus Next Gen teamThis latest partnership marks fourteen years of collaboration between the twoJeep is once again front and center on Juventus jerseys, returning as the Official Sponsor of the men’s first team, women’s first team and Juventus Next Gen.The partnership, which originally began in the 2012–2013 season, enters its fourteenth year with renewed momentum. This collaboration has already seen Juventus collect 33 titles across all squads, mirroring Jeep’s rise in Italy and Europe as a leader in SUVs and off-road innovation. As Jeep expands its lineup with more sustainable technologies, the brand’s renewed sponsorship reinforces i...
SummaryLamine Yamal, who turns 18 in July, has signed a new long-term contract with FC BarcelonaThe new contract keeps him at the club until the age of 23 with the contract end date on June 30, 2031The new deal reportedly makes him one of Barcelona's highest-paid players and includes a massive €1 billion EUR release clauseFC Barcelona has solidified the future of their prodigious talent, Lamine Yamal, by announcing his new long-term contract extension. The 17-year-old forward, who turns 18 in July, has signed a deal that will keep him at the Catalan club until June 30, 2031. He will be 23 years old by the time his contract is up.Yamal's extension comes on the heels of a spectacular season where he played a pivotal role in Barcelona's domestic treble, clinching La Liga, the Copa del Rey, an...
With a brand new 10-year streaming deal with Netflix now well underway, the higher-ups over at WWE know they have to keep the company and brand as relevant and popular as ever and are reportedly looking to expand their reach and are making moves to ensure that the WWE remain at the top of the […]
For the past few weeks the New York Knicks playoff run has had all of New York in a chokehold as last second shots and big time comeback wins have given New Yorkers reason to celebrate and act-a-fool, but one particular fan has taken his love of the team to a new and entertaining level. […]
Scary news coming out of the wrestling world as it’s being reported that up and coming female WWE superstar, Zoey Stark suffered a scary injury in a recent match this past Monday night (May 19). According to Newsweek, the incident occurred during her match on Monday night’s WWE Raw livestream on Netflix after Zoey attempted […]
SummaryForbes announced its annual list of the world's highest-paid athletes for 2025Cristiano Ronaldo sits at the top of the list with $275 million USD, with Stephen Curry coming in second, Tyson Fury in at third and moreThe athletes in the list come from various backgrounds including the NBA, NFL, MLB, boxing and moreForbes' annual list of the world's highest-paid athletes for 2025 showcases the titans who have conquered their sports and captivated global audiences, their earnings soaring from record-breaking performances, lucrative endorsements and savvy business ventures.This year's ranking is a testament to the diverse landscape of global sports. Familiar faces continue to dominate, their established legacies attracting massive sponsorship deals and commanding top salaries. The reigni...
SummaryMichael Jordan makes a comeback to the NBA as its special contributor for the NBCThis marks his first TV role covering the leagueNBC also returns to covering the NBA for the first time since 2002Michael Jordan is making a return to the NBA but for different reasons. NBC announced earlier this week that the Hall of Famer would become the special contributor to its NBA coverage, starting this fall.Jordan announced his new role in a video at NBC's Upfront and the network later posted to X the message, "A legendary addition to our team! We're thrilled to welcome Michael Jordan as a special contributor to the NBA on NBC and Peacock," alongside a montage of Jordan's days in the NBC. Jordan's new role as a special contributor is a part of NBC's 11-year agreement that begins in the 2025-26 ...