Month: November 2021

Peloton Looks to Raise Cash, Offers $1 Billion in Stock

Peloton announced plans to sell $1 billion of its Class A commons stock in an effort to come up with more cash.

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Twitter’s Sports Strategy Sparks User Growth, Eyes Betting Space

Twitter has seen increased engagement for NFL and college football this season, growth that spark company’s monetization efforts.

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VKTRY is the Next Step Forward in Performance

Are humans getting faster? Once track & field standards were codified in the 1850s, it took a century for the first person to run a 4-minute mile. In the 60 […]

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Number of U.S Cities Likely To Host World Cup Games Now Up to 11

FIFA announced the third and final leg of its tour for 2026 World Cup candidate host cities in North America.

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McLaren Denies Reports of Audi Takeover

McLaren denied reports that it has been purchased by Audi. Audi-owner Volkswagen may form a partnership to enter Formula 1.

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Vivid Seats Reports Record $139.5 Million in Revenue

Nearly a month after going public, Vivid Seats reported $129.5 million in third-quarter revenue on Monday.

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Powersports Marketplace RumbleOn Posts $221.2 Million in Q3 Revenue

RumbleOn reported an 88.1% year-over-year increase in third-quarter revenue to $221.2 million, reaching $37.4 million in total gross profit.

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Six Broadcasters Asked to Resubmit Premier League Rights Bids

Six of the nine media companies that submitted bids for the Premier League’s U.S. broadcasting rights have been asked to resubmit their bids.

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Sinclair’s Dish Deal Doesn’t Include 21 Regional Sports Networks

Sinclair reached a deal with Dish Network to broadcast 144 local stations. However, the deal does not include 21 regional sports networks.

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Cleveland MLB Team Looking to Sell Large Minority Stake

The Cleveland Guardians are looking to sell a minority stake to an investor who could eventually take control of the team.

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