Month: December 2021

Michael Jordan Launches Athlete Connectivity Platform

Michael Jordan and his son Jeffrey have launched holding company Heir Inc. and secured a $10 million seed funding round.

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Omicron Surge Throws Premier League, U.S. Sports Into Flux

A surge in COVID-19 cases has led Premier League teams to call for all games to be postponed. U.S. leagues have also cancelled games.

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Citigroup To Lead UEFA Relief Package

UEFA’s executive committee will be presented a $7.9 billion relief package led by U.S. bank Citigroup on Thursday.

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Tencent-Backed Mobile Game Maker to Invest $200M in NFTs

Voodoo, a mobile game developer backed by Tencent, plans to invest more than $200 million to launch a blockchain division that will offer NFTs.

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Apple, Amazon Vie for Piece of Growing Wearable Tech Market

Apple, Amazon and other tech companies are competing over the growing wearables market. The segment could reach $114 billion by 2028.

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Salt Lake City Requires $2.2B Budget for Winter Olympics

The Utah Olympic committee has projected that hosting a future Winter Olympics in Salt Lake City would require a budget of up to $2.2 billion.

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Foot Locker Unveils First Womenswear Brand

Two months after announcing LCKR, Foot Locker unveiled Cozi, the company’s first proprietary womenswear brand.

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Blockchain Fan Token Adoption Heating Up

Socios.com has seen a 50% increase in its fan token market cap since June of this year. The blockchain based fan engagement platform also recently included 12 NHL teams on the platform.

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Congress Demands NFL Share Information on WFT Probe

Two members of Congress are seeking information on reported investigation obstruction by Washington Football Team owner Dan Snyder.

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KKR Buys $396M Stake in PureGym

KKR & Co. has acquired a $396 million minority stake in PureGym, valuing the United Kingdom’s largest gym operator at more than $2 billion.

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