Month: June 2022

Saudi PIF Levels Up, Make Second $1B Gaming Investment

The Public Investment Fund will acquire 100 million shares in Embracer Group, marking its second $1 billion investment in Swedish gaming.

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DeChambeau, Reed Join Wave of LIV Recruits

Bryson DeChambeau and Patrick Reed are the latest PGA Tour stars to join the Saudi-backed breakout league.

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Yordan Alvarez Already Paid Like An Elite Hitter At 24

Alvarez signed a six-year, $115 million extension in early June. He is second in MLB with 17 home runs.

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Darvin Ham Leads LeBron-Approved Lakers Restoration

Darvin Ham is the third Lakers coach in the LeBron James era. His biggest goal? Establishing long-term stability while redeeming LA’s Big Three.

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Brad Pitt Set To Star In Formula One Movie

The two-time Academy Award winner will play a driver who comes out of retirement to race with a rookie and other top drivers.

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Walmart Heir Rob Walton Agrees to Buy Broncos For Record $4.65B

The Walmart heir and his family were the winning bidders for the Denver Broncos, agreeing to pay a North American record $4.65B for the team.

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The Broncos Sale Highlights an Emerging Investment Trend

Sports teams are drawing attention as assets insulated from market gyrations. The number of billionaires has grown, adding potential buyers.

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NFL Heads to Africa in Search of Fans, Talent

The NFL is hosting camps, clinics, and fan events in Ghana later this month. These will be the first official NFL events on the continent.

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Media Rights for Most-Watched Women's Single-Sport Event Up for Grabs

FIFA launched an invitation to tender for the sale of media rights to the 2023 Women’s World Cup.

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TikTok Owner Looks to Sell Stake in $10B Sneaker Resale Platform

ByteDance, the owner of TikTok, is considering selling a minority stake in Poizon, an online fashion marketplace, according to Bloomberg.

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