Liberty Global Buys Formula E Controlling Stake From WBD
Liberty Global is buying a stake of Formula E from Warner Bros. Discovery, giving the media company controlling interest in the all-electric version of the…
Stocks
Sports Stocks Rally in May Despite Betting Tax ‘Contagion’ Fears
This story appears in Sportico’s Morning Lead newsletter. Click here to sign up and get it delivered straight to your inbox. Sports stocks experienced a volatile…
ESPN Bet Operator Penn Shares Spike as Investor Rips Sports Strategy
Shares of Penn Entertainment spiked 20% Friday after an activist investor sent a letter to its board of directors ripping management for a failed focus on sports betting…
TKO Group Combines UFC and WWE Live Events
UFC and WWE parent company TKO Group Holdings will be combining the live events groups of both businesses into one called the TKO Live Events Strategy Team. Thursday’s…
Lionel Messi Brand Sales Slump in Final Quarter of Hilfiger-Led Effort
Sales of the Lionel Messi casual clothing line fell sharply in the first quarter this year, according to MGO Global’s first quarter earnings report. This is the final…
Finlete Offers ‘PG Version of OnlyFans’ as Pro Investing Grows
Rob Connolly’s first athlete-related start-up was Meetlete, a sports-star version of Cameo. Getting a star athlete on a video call for a reasonable fee was an easy sell…
TKO Sales Rise on UFC, WWE Events, Gets $25M NBC ‘Raw’ Deal
Combined UFC and WWE revenue rose more than 4% in the first quarter to $629.7 million, as parent company TKO Group Holdings said strength in both divisions’ live events…
Man United Tops Sluggish April Sports Stocks While Fading on Field
This story appears in Sportico’s Morning Lead newsletter. Click here to sign up and get it delivered straight to your inbox. On the pitch, Manchester United had a…
Vince McMahon Lists Final TKO Shares for Sale
WWE founder Vince McMahon is selling the last of his shares in TKO Group Holdings, a move that would end the executive’s association with the business he has worked in…
CVC IPO Offers Glimpse Into Private Equity Giant’s Sports Strategy
This story appears in Sportico’s Morning Lead newsletter. Click here to sign up and get it delivered straight to your inbox. Investment giant CVC Capital Partners…
Exclusive
Commonwealth Sports Expands to Athlete Shares After Derby Jackpot
This story appears in Sportico’s Morning Lead newsletter. Click here to sign up and get it delivered straight to your inbox. Commonwealth Sports, a company that…
Brazil Sports Wagering Beckons as Big Names Ease Off U.S.
This story appears in Sportico’s Morning Lead newsletter. Click here to sign up and get it delivered straight to your inbox. The Brazilian government legalized…
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