May 15, 2023

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Tom Brady is in “deep discussions” with the Las Vegas Raiders for a minority ownership stake. On the latest Front Office Sports Today, FOS senior writer Owen Poindexter explores the possible effects on Brady’s broadcast deal with Fox — and whether he’ll ever really step away from football. Plus, CBS Sports HQ analyst and SiriusXM host Barrett Sallee weighs the impact of Deion Sanders’ Colorado revolution on college football.

Listen and subscribe on Apple, Google, and Spotify.

European Union Approves Biggest Gaming Deal in History

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The biggest gaming deal in history has made it through one of its biggest boss fights.

The European Union approved Microsoft’s $69 billion acquisition of Activision Blizzard on Monday in a huge win for the Xbox-maker. The European Commission was convinced by concessions made by Microsoft to allow Activision games on all cloud platforms.

Microsoft previously struck deals with Nintendo and Nvidia on distribution of Activision’s titles, which includes best sellers such as “Call of Duty” and “World of Warcraft.” It has also pledged to make its games available on all cloud streaming platforms.

Sony, a rival in the gaming space, has opposed the deal. Its PlayStation remains the dominant console in the market, but Microsoft seeks to be a force in cloud gaming through the acquisition. 

Regulators have been evaluating whether the deal would harm competition, particularly in the emerging cloud gaming sector. 

The decision creates a potentially confusing dynamic after the U.K. blocked the deal. Microsoft is appealing that decision. In the U.S., the Federal Trade Commission has sued to block it, a decision Microsoft is also fighting in court. A hearing on the matter is scheduled for August.

South Africa’s Competition Commission also approved the deal. Regulators in Australia and New Zealand are still examining it.

Coyotes Arena Ballot Measures Fall Short

Jean-Yves Ahern-USA TODAY Sports/Arizona Coyotes

Tempe voters chose to leave landfill as is instead of the Arizona Coyotes’ proposed privately funded $2.1 billion arena project.

None of the three ballot measures in the mail-in special election passed, according to the unofficial results released Tuesday night. None of the measures received more than 44% “yes” votes.

Coyotes President and CEO Xavier A. Gutierrez said in a statement that the next move for the franchise “will be evaluated by our owners and the National Hockey League over the coming weeks.”

The Coyotes have called the Phoenix area home since the franchise relocated from Winnipeg after the 1995-96 season — and the franchise never found a foothold. The Coyotes moved out of downtown Phoenix for Glendale in 2003 where the team languished, and went bankrupt under former owner Jerry Moyes in 2009.

Despite those issues, NHL Commissioner Gary Bettman remained hesitant over allowing the team to relocate.

“The National Hockey League is terribly disappointed by the results of the public referenda regarding the Coyotes’ arena project in Tempe,” Bettman said in a statement. “We are going to review with the Coyotes what the options might be going forward.”

After a falling out with Glendale, the team played the most recent season at Arizona State’s 5,000-seat Mullet Arena. 

Billionaire Cuban-American Alex Meruelo purchased the Coyotes in 2019 for about $300 million.

“We are very disappointed Tempe voters did not approve Propositions 301, 302, and 303,” Gutierrez said. “As Tempe Mayor Corey Woods said, it was the best sports deal in Arizona history. The Coyotes wish to thank everyone who supported our efforts and voted yes.”

The ballot measures dealt with changing Tempe’s general plan to add the project, rezoning and clearing way for the Coyotes to develop the project site.

Senators Sale Update

Six months after the Ottawa Senators went on the market, a least three bids were submitted at the deadline with one of the bids at or above $1 billion, a source told Front Office Sports.

There were six six groups still in the mix before the final bid deadline at the close of business on Monday.

The next step is for Galatioto Sports Partners, the New York-based firm tapped to handle the sale, to review all the proposals.

According to a source, one of the bids submitted was structured in a way that could lead to issues with its viability. It’s not clear which group hit $1 billion or the which will be busy in the interim trying to address questions with its bid as the vetting process ramps up.

The Ottawa Sun’s Bruce Garrioch reported the following groups submitted bids:

  • Toronto businessman Steve Apostolopoulos, who was interested in the Washington Commanders 
  • Billionaire Montreal Canadiens minority owner Michael Andlaue
  • Former Pittsburgh Penguins minority owners Jeffrey and Michael Kimel
  • Los Angeles-based businessman Neko Sparks, whose group includes rapper Snoop Dogg

A final announcement on a winning bidder likely won’t arrive for several days. Galatioto Sports declined comment on Monday.

It was clear last week that actor Ryan Reynolds wouldn’t be among those submitted a final bid as his group withdrew from the process.

Sacramento Kings owner Vivek Ranadivé also had interest in the Sens.

Editor’s note: This story was updated late on May 16 with the unofficial election results.

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The A’s Take Another Crucial Step In Securing Ballpark in Las Vegas

Stan Szeto-USA TODAY Sports

The Oakland A’s have landed on a proposed site in Las Vegas — but the deal is still pending until an agreement is reached on public funding.

The team struck a deal with Bally’s and Gaming & Leisure Properties Inc. on the Tropicana site, which is owned by GLPI and managed by Bally’s — an agreement which unravels a previous one with Red Rock on a 49-acre site.

Instead, the A’s plan to build a 30,000-seat stadium with a retractable roof on 9 acres of the 35-acre lot. 

Bally’s has agreed to provide the land to the A’s for free, but said in a statement that it “retains the ability to assign the rights to all aspects of this development and has received material interest from development partners.”

Bally’s — which owns naming rights to the regional sports networks owned by Diamond Sports Group — will demolish the Tropicana and build a new hotel-casino next to the stadium. As part of the deal, GLPI will contribute $175 million “towards certain shared improvements within the future development in exchange for a commensurate rent increase.”

The deal is contingent on the team securing public funding from Nevada. Legislation for a $395 million funding package is expected to be filed this week. Nevada’s legislative session ends on June 5, and it is unclear if Gov. Joe Lombardo will call a special session if a deal fails to come together.

Bally’s estimates that the ballpark will bring 2.5 million fans annually, which would require the team to sell out every home game.

Conversation Starters

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What to Watch

The Seattle Kraken take on the Dallas Stars on Monday in Game 7 of the NHL’s Western Conference semifinals at American Airlines Center.

How to watch: 8 p.m., ET, ESPN

Gaming odds: Kraken +1.5 || ML Kraken +172 || O/U 5.5

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Written by Owen Poindexter, A.J. Perez
Edited by Matthew Tabeek, Brian Krikorian

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