CVC Capital, Mogul Buy New IPL Teams for Combined $1.7 Billion

CVC Capital Partners and RPSG have paid a combined $1.7 billion to win bids for two new Indian Premier League teams.

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More Than 100 Soccer Clubs Line Up for $2.3 Billion Credit Line

UEFA is finalizing a $2.32 billion credit line for European soccer teams to help them recover financially from the pandemic.

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Roblox Offering $1 Billion In Junk Bonds

Roblox announced Monday that it intends to offer $1 billion of 8.5-year senior unsecured notes, also known as junk bonds, in a high-3% range.

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Super League Trio Files Claim Against UEFA, FIFA

The three teams that still refuse to disavow the European Super League have filed a legal claim against UEFA and FIFA.

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FaZe Clan to Go Public in SPAC Merger, Valued at $1B

FaZe Clan announced plans to go public on Monday through a SPAC merger, valuing the combined entity at $1 billion.

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Advent Eyeing Stake in French Soccer League’s Media Entity

Advent International is reportedly considering purchasing a stake in a media rights company being formed by Ligue de Football Professionnel.

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DraftKings to Take Governance Role in Blockchain Network

DraftKings is taking a governance role in the Polygon network. The network is built on top of the Ethereum blockchain system.

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Powerboat P1's Renewed Focus After Hiatus

Powerboat P1, a marine motorsport promoter, refused to let the global pandemic sink its business.

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JD Sports Buys 80% Stake in Cosmos Sports

British retailer JD Sports is acquiring an 80% stake in Greece-based Cosmos Sports.

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Featured

Super Bowl May Drive $477M Impact for L.A.

The Super Bowl could bring up to $477 million in economic activity to the Los Angeles area, according to a study by the host committee.

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A Closer Look at Newcastle’s $409 Million Sale to Saudi Arabia’s Wealth Fund

The Saudi Arabian Public Investment Fund’s purchase of the club is one of its many recent forays into sports.

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Congress Asks NFL for WFT Investigation Emails

Two members of Congress have asked the NFL to release documents related to its investigation of the Washington Football Team.

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SoftBank's Huge Bet on Sports and Entertainment

SoftBank’s Vision Fund 2 is investing heavily in sports, backing some of the industry’s most influential companies.

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Blackstone Nearly Doubles Earnings to $1.4B

Blackstone, which recently purchased a majority stake in Spanx, reported third-quarter earnings of $1.4 billion.

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Disney Expects Over $100M in NHL Ad Sales

The Walt Disney Co. is projecting it will top $100 million in NHL advertising sales as hockey returns to ESPN for the first time in 17 years.

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