A group led by private equity firms The Najafi Companies and MSP Sports Capital will buy the X Games from Disney-owned ESPN.
Wagr has completed a $12 million Series A funding round that included owners of the New England Patriots and Philadelphia 76ers.
Netflix reported 2021 fourth quarter revenue of $7.7 billion. The company now boasts 222 million subscribers.
The Tampa Bay Buccaneers’ win over the Philadelphia Eagles on Sunday wasn’t the only triumph for quarterback Tom Brady this past week.
Kent Water Sports has rebranded to Kent Outdoors. The Seawall Capital-owned company acquired two new brands.
MGM Resorts International and Entain are investing around $450 million in BetMGM this year. The companies own BetMGM 50-50.
Sports fans are now able to buy tickets for the 2022 Qatar FIFA World Cup in November, and the best seats are running at $1,600 each.
StockX is planning to launch a service allowing consumers to buy and sell NFTs that are linked to physical sneakers from major sports brands.
Total consumer spending on game sales in the U.S. reached a record $60.4 billion in 2021, an 8% increase compared to the same period last year.
Ken Goldin predicts big things for the collectibles market as trading cards and other items have become a new alternative asset class.
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Major League Soccer has reportedly entered an exclusive negotiating agreement with billionaires Wes Edens and Naseef Sawiris for a 30th team.
Billionaire Robert F. Smith, the country’s wealthiest Black person, could bid on the Denver Broncos if they hit the market, say sources.
Peloton continues to be shrouded in controversy following a tumultuous 2021 and new revelations of potential layoffs, halted production, and a stock sale by insiders.
Puma has posted record sales and earnings following the release of preliminary results for the company’s fourth quarter and FY2021.
In just one year, the Premier League can bolster the British economy by billions — even amid a global pandemic.
New York opened online sports betting on Jan. 8, handling $150 million in its first weekend across four sportsbooks.
Peloton is bringing in consulting firm McKinsey as it looks to rebound from a challenging 2021. The company announced product price hikes.