Disney to Sell X Games to Phoenix Suns Exec’s Firm

A group led by private equity firms The Najafi Companies and MSP Sports Capital will buy the X Games from Disney-owned ESPN.

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Wagr Raises $12M, Patriots and 76ers Owners Among Investors

Wagr has completed a $12 million Series A funding round that included owners of the New England Patriots and Philadelphia 76ers.

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Netflix Subscriber Count Grows to 222M

Netflix reported 2021 fourth quarter revenue of $7.7 billion. The company now boasts 222 million subscribers.

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Tom Brady's NFT Startup Autograph Raises $170M

The Tampa Bay Buccaneers’ win over the Philadelphia Eagles on Sunday wasn’t the only triumph for quarterback Tom Brady this past week.

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Seawall Capital Acquires Two Outdoor Sports Companies

Kent Water Sports has rebranded to Kent Outdoors. The Seawall Capital-owned company acquired two new brands.

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BetMGM to Receive $450M Investment Toward U.S. Growth

MGM Resorts International and Entain are investing around $450 million in BetMGM this year. The companies own BetMGM 50-50.

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World Cup Ticket Sales Open, Some Going For $1,600 Each

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.

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StockX to Create NFTs Tied to Sneakers

StockX is planning to launch a service allowing consumers to buy and sell NFTs that are linked to physical sneakers from major sports brands.

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U.S. Game Spending Hit $60.4B in 2021

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.

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Featured

Broncos Could Make History with NFL's First Black Owner

Billionaire Robert F. Smith, the country’s wealthiest Black person, could bid on the Denver Broncos if they hit the market, say sources.

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Peloton Can't Catch A Break

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.

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Puma’s Full-Year Sales Reach Record $7.7B

Puma has posted record sales and earnings following the release of preliminary results for the company’s fourth quarter and FY2021.

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Premier League Contributed $10.4B to U.K. Economy

In just one year, the Premier League can bolster the British economy by billions — even amid a global pandemic.

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NY Online Sports Betting Operators Take In $150M During Weekend

New York opened online sports betting on Jan. 8, handling $150 million in its first weekend across four sportsbooks.

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Peloton Looks to Restructure After Nightmare 2021

Peloton is bringing in consulting firm McKinsey as it looks to rebound from a challenging 2021. The company announced product price hikes.

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