Chicago Fire FC is expecting to break ground on a new $80-100 million fully privately financed … [+] performance center this spring. Courtesy of Chicago Fire FC Mary and Robert Baggett are just ...
Tag: sports business
Major League Soccer’s ‘Next Generation’ Has Everyone Excited, Including Sponsors
Carlos Vela (center) helped LAFC, valued at $1 billion per Forbes estimates, lift the 2022 MLS Cup. Getty Images Not only does the 2023 Major League Soccer season kick off on Saturday, February 25, bu...
Tom Brady Wins At Football, But Loses Big at Crypto
When cryptocurrency exchange FTX raised $400 million from investors such as Softbank, Temasek, Tiger Global, and others in January of 2022, its net worth took off. The funding, in amazing fashion, soo...
Taylor Fritz Knows Winning Will Help Grow Tennis In The U.S.
Taylor Fritz helped Team USA win the inaugural United Cup. AFP via Getty Images Taylor Fritz is well aware of the situation, and, more importantly, the pressure it carries. The 25-year-old from Califo...
How The 76ers Star Wants To Go ‘From Rich To Wealthy’
Joel Embiid Tim Tadder for Forbes Philadelphia’s star center, a Forbes 30 Under 30 honoree, is eyeing bigger paydays than million-dollar endorsement deals. Give Joel Embiid an inch, and the Philadelph...
Meet The New Owners Of The Phoenix Suns, Mat And Justin Ishbia
Mat Ishbia won’t be the only controlling owner with an NCAA Division I Men’s Basketball National Championship ring. Charlotte Hornets owner Michael Jordan won one in 1982. Associated Press...
Naomi Osaka And Patrick Mahomes Join Wave Of Celebrities Investing In Pickleball
Naomi Osaka at the Miami Open in March. Robert Prange/Getty Images Following in the footsteps of NBA stars LeBron James and Kevin Durant, tennis ace Naomi Osaka and Kansas City Chiefs quarterback Patr...
Why Texas Remains A Top Offseason Spot For Tax-Savvy Professional Athletes
Areas like Austin, Texas, remain top primary home spot professional athletes looking to maximize … [+] their earnings. getty Professional athletes make up some of the wealthiest people in the wo...
Tom Brady and Steph Curry’s Crypto Firm Looks For a Savior
The days of FTX.com are numbered. The cryptocurrency exchange platform could experience a sad and humiliating fate in the coming hours: filing for Chapter 11 bankruptcy. The company finds itself with...
Tom Brady and Steph Curry Among Stars Caught up in Crypto Drama
Sports teams welcomed the multi-million dollar partnerships in 2021 from cryptocurrency companies like FTX, an exchange to trade digital assets. The abrupt downfall and the pending acquisition of FTX,...
Dan Snyder Hires Bank Of America To Sell Washington Commanders
Whoever buys the Commanders gets the talented Terry McLaurin (No. 17). Mitchell Layton/Getty Images Dan Snyder has retained BofA Securities to sell the Washington Commanders, sources tell Forbes. Acco...
Inside The Two Billionaire Owners Going Head-To-Head In The World Series
John Middleton of the Phillies and Jim Crane of the Astros built their fortunes in very different ways. Holding court Sunday on the infield of Citizens Bank Park after his Philadelphia Phillies had cl...
Billionaire Mark Cuban Makes a Strong Statement
Mark Cuban has made his decision. And it is certain that this one will delight the many fans of the hit TV show Shark Tank, of which he is one of the pillars. The successful entrepreneur’s fut...
For The First Time In Two Decades, The Top Spot Goes To A Franchise That’s Not The Knicks Or Lakers
Led by the eye-popping $7 billion Golden State Warriors, the average NBA team is now worth $2.86 billion, 15% more than a year ago, an impressive feat considering the stock market is down more than 15...
Roger Federer’s Legendary Career By The Numbers
Roger Federer practiced on Wednesday ahead of the Laver Cup, set to be his final competitive tournament. James Manning/PA Images via Getty Images Roger Federer said on social media last week that he w...
The Angels Have Several Interested Buyers Right Out Of The Gate, Including One From Japan
Shohei Ohtani, the league’s most valuable player last year, is a prime selling point for the Los Angeles Angels. (Photo by Victor Decolongon/Getty Images) Getty Images It was only a couple of we...
The World’s 50 Most Valuable Sports Teams 2022
The National Football League extends its financial domination while Major League Baseball fades like a late-breaking slider. The world’s 50 most valuable sports teams are worth a combined $222.7 billi...
Record NFL Ad Revenue Could Result In League Scuttling Current TV Deals
The NFL is pumped—pumped!—for increasing TV ad revenue. Allen J. Schaben/Los Angeles Times via Getty Images The big reason the Denver Broncos recently sold for $4.65 billion and the value of NFL teams...
Venturerock Launches $75 Million Sports Tech Venture Investment Company
Bob van Oosterhout (left) and Danny Cortenraede are spearheading Venturerock’s $75 million sports … [+] tech venture investment company. Courtesy of Robert Verboon With the global sports t...
Dallas Cowboys Are The First Franchise Worth $8 Billion
With skyrocketing revenue and mouth-watering profitability, NFL teams are now worth $4.47 billion on average, 28% more than just a year ago. The sale of the Denver Broncos this month for $4.65 billion...
Inside The Business Of The New Saudi Golf League
With limited revenue, astronomical signing bonuses and enormous purses, LIV Golf has run up quite a tab. But the real surprise is that Saudi Arabia’s nascent golf super league isn’t just “sports washi...
Buyers, Including One Of The World’s Richest Men, Take On $3.9 Billion In Debt To Purchase The Denver Broncos
Touchdown: No one was able to catch Noah Fant of the Broncos last October in Denver. (Photo by Dustin Bradford/Getty Images) Getty Images In a 32-0 vote Tuesday, the NFL approved the $4.65 billion pur...
Cathie Wood Watch: Buys Nvidia, Output Platform; Sells DraftKings
Cathie Wood, chief executive of Ark Investment Management, bought and sold familiar stocks Monday, including a sports gambling company and a top semiconductor maker. All valuations below are as of Mon...
NorthRock Partners Launches NorthRock X To Support Athletes, Entertainers
Tony Parker (center) has headed NorthRock Partners’ sports, artists and entertainment division since … [+] 2019. Courtesy of NorthRock Partners A year after winning his fifth NBA champions...
BioSteel Named Official Hydration Parter Of NHL, NHLPA
Edmonton Oilers captain Connor McDavid signed an personal endorsement deal with BioSteel when he was … [+] 17 years old. Courtesy of BioSteel Michael Cammalleri’s phone has been blowing up. NHL ...
NCAA ‘NIL’ Guidance Places Association At Renewed Antitrust Risk
NEW ORLEANS, LOUISIANA – APRIL 04: Kansas Jayhawks players celebrate after defeating the North … [+] Carolina Tar Heels 72-69 during the 2022 NCAA Men’s Basketball Tournament (Photo ...
Peloton Wants to Believe in Life After Lockdown
On May 24, 2021, Peloton Interactive’s (PTON) – Get Peloton Interactive, Inc. Class A Report then-President William Lynch had exciting news. Lynch announced the interactive fitness compan...