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Special Olympics Celebrates One Year Countdown to 2026 Special Olympics USA Games, Announces Three-Year BofA Grant and Platinum Partnership
Prnewswire· 2025-06-23 12:02
The funding will specifically enable Special Olympics to grow and scale the delivery of their workforce readiness trainings, Athlete Leadership programming, and Unified Leadership, a training co-developed and facilitated by people with IDD that is designed to develop inclusive mindsets to facilitate a more accepting and inclusive workplace for people of all abilities. To date, the training has been offered to more than 2,000 businesses, schools, and community organizations around the world. "Bank of America ...
Buss family to sell controlling stake in NBA's Lakers to Mark Walter at $10B valuation
CNBC Television· 2025-06-20 15:52
Big news in the sports world. The Bus family agreeing to sell majority ownership of the Los Angeles Lakers to LA Dodgers owner Mark Walter for a franchise valuation of about $10 billion, which would be the highest price tag ever for a US professional sports team. Walter is CEO of TWWG Global and financial services giant Guggenheim Partners is part of a group that bought 27% in 2021.Reports say the bus family will still own at least 15% of the team for a period of time. our senior sports corporian here at Po ...
X @Investopedia
Investopedia· 2025-06-19 00:00
TKO Group Holdings was among the biggest stock gainers in the S&P 500 Wednesday, as the UFC and WWE parent received some new bullish comments from analysts. https://t.co/uLacVIIzRh ...
Mixed Martial Arts Group Limited Announces Closing of $5.0 Million Underwritten Offering
Globenewswire· 2025-06-18 20:05
Core Viewpoint - Mixed Martial Arts Group Limited (MMA) successfully closed a public offering of 6,578,948 ordinary shares at a price of $0.76 per share, raising approximately $5.0 million in gross proceeds before expenses [1][2]. Group 1: Offering Details - The offering was conducted under a registration statement declared effective by the SEC on June 12, 2025, and was made via a written prospectus [3]. - WestPark Capital, Inc. served as the Sole Book-Runner for the offering [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated towards product development, marketing and advertising, scaling sales efforts, and general working capital [2]. Group 3: Company Overview - MMA operates four core business units and has a significant online presence with over 5 million social media followers, 530,000 user profiles, 50,000 active students, and 800 verified gyms across 16 countries [5].
Why Youth Sports Matter to Investors
Bloomberg Originals· 2025-06-18 20:00
Talk to us about the opportunity in youth sports. What's the through line for youth sports from an investment perspective. So from an investment perspective, it's massively fragmented, right.So the demand is there. I think the you people again calculate it differently. I calculate the youth sports business at about $40 billion growing, you know, high single digits a year.Our own business is growing much faster than that. But um it's if you think about it, most people who run a youth sports business is a rel ...
Retail Reality Check: JPMorgan Flags Kohl's Leverage Risks, Sees Signs of Stability At Vail And Foot Locker
Benzinga· 2025-06-18 19:32
Group 1: Kohl's Corporation - Kohl's continues to experience revenue declines in apparel, footwear, and legacy homes despite sales gains from in-store initiatives like Sephora and Home Décor [2] - Structural risks to Kohl's store footprint are significant, with adjusted debt/EBITDAR ending 2023 at 3.6x, above the company's target of ~2.5x, and projected leverage may exceed 4x through 2024–26 [3] - Analyst forecasts fiscal year 2025 EPS at 56 cents and fiscal year 2026 EPS at 53 cents, both above Street estimates, while maintaining an Underweight rating with a price forecast of $8 [4] Group 2: Vail Resorts, Inc. - Vail Resorts may be nearing a turning point in revenue and earnings, aided by the return of former CEO Katz and unique growth drivers [5] - Key advantages include a premium resort portfolio, upfront revenue from the Epic Pass strategy, and a resilient customer base of high-income, frequent skiers [5] - Projected fiscal year 2025 adjusted EBITDA is $866 million and fiscal year 2026 at $908 million, both slightly above Street estimates, with a Neutral rating and price forecast of $167 [6] Group 3: Foot Locker, Inc. - Foot Locker faces challenges from inconsistent same-store sales, increased promotions, and brand allocation changes, particularly with Nike [7] - Dick's Sporting Goods aims to revamp Foot Locker through a $2.4 billion acquisition to create a larger global retail sports platform and enhance omni-channel capabilities [7] - Analyst models fiscal year 2025 EPS for Foot Locker at $1.10, ahead of the Street's $1.00, with a projected rise to $1.65 for fiscal year 2026, maintaining a Neutral rating and price forecast of $24 [8]
CEO Michael Rubin on betting within the Fanatics ecosystem
CNBC Television· 2025-06-18 19:15
The bed and game business I think has been the biggest surprise for people when we started um 3 years ago, two years ago. I mean we launched in September of 20 um three people like laughed at us. They said a duopoly, right.Yeah. They said it's a duopoly. You have no chance.We now have 7 and a half 8% of the sports market and we've been live for 20 months. We've got about 4% of the eye gaming market. So we're super excited.We've spent less than $150 million in marketing. But what we did was we launched with ...
Red Sox shake-up: Was Devers trade a smart business move?
Yahoo Finance· 2025-06-18 19:13
From high-profile trades to high-stakes media rights, the dollars behind the games are moving fast. This week on Yahoo Finance Sports Report, host Joe Pompliano takes a look at some of this week’s biggest headlines in the sports business world that you and your portfolio need to know. From the Red Sox Rafael Devers trade, to Netflix’s Canelo Alvarez versus Terence Crawford superfight, to the WNBA’s broadcast rights extension with Scripps, the financial plays shaping the sports business are ones to watch. Fa ...
DraftKings CEO Jason Robins on Illinois sports betting tax
CNBC Television· 2025-06-18 18:00
So, so when did this this 50 cent increase on bets go into into place and have you seen any any evidence about how consumers are absorbing it yet. Well, it hasn't gone into place yet. We announced it'll go in September 1st.You know, this is a recent development. Uh the Illinois legislature uh for the second time in two years raised our taxes. This one was just incredibly illconceived.it was a per wager tax of 50 cents. Uh which you know makes no sense if you're betting a dollar or 50 cents or even if you're ...
Powersports Leader BRP Opens First Flagship Store in Paris
Prnewswire· 2025-06-18 14:12
Core Insights - The opening of BRP's flagship store in Paris marks a significant milestone for the company in Europe, enhancing its market presence and commitment to long-term investment in the region [1] - The store will focus on BRP's new electric motorcycles, the Can-Am Pulse and Can-Am Origin, which are designed to cater to urban commuters and off-road enthusiasts [2][6] - BRP's proprietary electric technology, Rotax E-Power, provides instant torque and features an innovative liquid-cooled system that optimizes battery performance and charging efficiency [3] Company Overview - BRP Inc. is a global leader in powersports products, with a diverse portfolio including Ski-Doo, Sea-Doo, and Can-Am vehicles, and reported annual sales of CA$7.8 billion [11] - The company has a network of over 450 dealers and distributors across the EMEA region, indicating a strong market presence [1] Product Features - The Can-Am Pulse is designed for urban commuting, featuring a 10.25-inch touchscreen display and an Active ReGen system for enhanced control [5] - The Can-Am Origin is built for versatility, equipped with off-road capabilities and advanced suspension systems, making it suitable for various terrains [6] - Both models offer a range of 28 accessories for customization, enhancing practicality for city commuting [4] Electric Motorcycle Specifications - The electric motorcycles are available in two power options: 11kW and 35kW, with the 11kW option accessible to drivers with a car license after a brief training course [2] - Charging from 20% to 80% can be achieved in 50 minutes using Level 2 charging, showcasing the efficiency of BRP's electric technology [3]