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READ IN BROWSER
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LeBron James took immediate action after an AI-powered sports betting app called Bron AI evoked his name and used his likeness without permission. His lawyers sent the company a cease and desist letter that says the unauthorized use is “especially serious and egregious” because James has an exclusive endorsement deal with Polymarket, and because the ad implies he is “involved with betting on basketball.”
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—Ben Horney
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DEAL FLOW
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Dak Prescott Buys Into Football Equipment Maker
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Jerome Miron-Imagn Images
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Cowboys quarterback Dak Prescott has invested in football equipment maker Legion Protective, which boasts being “committed to redefining protection, innovation, and confidence on the field.” It makes shoulder pads, back plates, arm sleeves, and more. Terms of Prescott’s investment were not disclosed. As part of the deal, he will also serve as a product consultant and help with player engagement and marketing.
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Weatherford Capital is investing in the Arnold Palmer Junior Golf Tour, which combines the Hurricane Junior Golf Tour and the Texas Junior Golf Tour and will launch next year. In 2027 alone, the tour—owned by David Blitzer’s Bolt Ventures—aims to conduct roughly 400 tournaments nationwide for boys and girls between the ages of eight and 18. Weatherford Capital was founded by former FSU quarterback Drew Weatherford alongside his brothers.
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Activist firm Fund 1 Investments wants to take Xpotential Fitness private and has proposed a deal that would value the company at as much as $7 per share, or up to roughly $295 million. Xponential, which owns brands like Club Pilates and Yoga Six, is currently trading at less than $5 per share. The company has been actively exploring strategic alternatives, including a potential sale, since April. Fund 1 holds a roughly 9.9% stake in the business.
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The company behind the Enhanced Games has acquired a 77% stake in Berlin-based ticketing platform DEAG Deutsche Entertainment AG, which in addition to Europe has been focused on growing its business in the U.S. The deal “transforms” Enhanced Group into a “sports and live entertainment powerhouse,” according to a statement. The deal implies a roughly $139 million enterprise value for DEAG. Enhanced Group lost nearly $62 million in the second quarter, driven by the cost of staging its debut event in May.
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