Professional Sports
Search documents
D.C. approves new football stadium for the Washington Commanders
NBC News· 2025-09-18 20:21
Washington DC has given final approval for the Washington Commanders to build a new stadium in the nation's capital. The NFL franchise currently plays in Maryland, but will build a new 65,000 seat venue at the site of the former RFK Stadium where the team played until 1996. The organization will invest more than $2.5% billion in the project, which the city is chipping in more than a billion dollars for.Officials plan to break ground on the project next year with the stadium slated to open in 2030. ...
Manchester United Stock Sinks 8% Despite Narrower Loss And Higher Revenue In Q4
RTTNews· 2025-09-17 18:40
Core Viewpoint - Manchester United plc reported a fourth-quarter net loss, but revenue increased significantly, indicating mixed financial performance [1] Financial Performance - The company reported a fourth-quarter net loss of 3.9 million pounds, or 2.26 pence per share, compared to a loss of 36.3 million pounds, or 21.44 pence per share, in the previous year [1] - Revenue rose by 15.4 percent to 164.1 million pounds, driven by strong growth in commercial, broadcasting, and matchday revenue [1] Stock Performance - The stock price fell by 7.58 percent to $15.16, down $1.24, after the earnings report [1] - The stock opened at $15.65 and traded within a range of $14.59 to $15.80, compared to a prior close of $16.41 on the New York Stock Exchange [1] - Trading volume reached 1.0 million shares, significantly above the average of 289,193 shares [2] - The stock is currently trading within a 52-week range of $12.05 to $19.65 [2]
8 employers that fired staff for mocking Charlie Kirk’s assassination
Fox Business· 2025-09-15 16:32
Disciplinary Actions by Companies - Multiple employers across the U.S. have taken disciplinary actions, including terminations, against employees who made inappropriate comments regarding the assassination of Charlie Kirk [1][4][5] - Nasdaq terminated an employee for social media posts that violated its zero-tolerance policy on violence [4] - The Broad Institute fired an employee for posting a "deeply offensive" comment about Kirk's killing [5] - Perkins Coie dismissed a lawyer for criticizing Kirk on social media, stating the comments did not reflect the firm's views [6][7] - Office Depot fired an employee after a viral video showed staff refusing to print posters for a vigil for Kirk [8][9] - The Joe Burrow Foundation terminated an advisory board member for making inappropriate remarks following Kirk's assassination [10] - MSNBC political analyst Matthew Dowd was fired after making comments about the divisive nature of Kirk's rhetoric [12] - The Carolina Panthers fired a communications department employee for social media posts questioning public mourning for Kirk [13][14] - The West Ada School District dismissed a cheerleading coach for allegedly celebrating Kirk's death in a video [16]
X @Bloomberg
Bloomberg· 2025-09-12 12:06
The Golden State Valkyries entered the WNBA at the right time, in the right city—and with the right amount of swagger https://t.co/rXNVpuFdjE ...
TKO Group Holdings (NYSE:TKO) 2025 Conference Transcript
2025-09-10 18:52
TKO Group Holdings Conference Call Summary Company Overview - **Company**: TKO Group Holdings (NYSE: TKO) - **Date**: September 10, 2025 - **Key Speaker**: Marc Shapiro, President and COO Key Industry Insights Media Rights and Partnerships - TKO has successfully renegotiated media rights deals, significantly increasing revenue streams - UFC secured a seven-year deal worth **$1.1 billion**, double the previous ESPN deal [5][6] - WWE's new media rights include a **10-year deal** for WWE Raw with Netflix and a **five-year deal** for SmackDown [6] - Paramount+ is seen as a strong partner for WWE, leveraging CBS's sports history to grow audience and brand [12][11] Revenue Growth and Financial Performance - TKO is experiencing strong financial performance with **60%+ free cash flow conversion** and projected **35% to 40% EBITDA margins** [23][23] - The company anticipates **$400 million** in global partnerships, up from **$30 million** when UFC was acquired [26] - TKO is focused on capital returns, including a **dividend increase** and a share buyback program [56][59] Live Events and Ticketing - Demand for live events remains high, with TKO optimizing ticket pricing and capacity [31] - The company is seeing record ticket yields, particularly in UFC events, with plans to replicate this success in WWE [35][37] - Upcoming events, such as WrestlePalooza, are expected to enhance brand visibility and revenue [39] Boxing and Future Opportunities - TKO is launching Zuffa Boxing, aiming for **12 to 16 fights per year** and exploring media rights for these events [20][19] - The company plans to partner with Saudi Arabia for high-profile boxing events, minimizing financial risk [18] Additional Insights Strategic Focus - TKO emphasizes a humble approach despite current successes, focusing on execution and long-term growth strategies [7] - The company is not actively pursuing acquisitions but remains open to opportunistic deals [56] Operational Efficiency - TKO maintains a lean cost structure while ensuring competitive fighter pay, which is crucial for retaining talent [48][49] - The integration of UFC and WWE operations is ongoing, with expectations for increased synergies and efficiencies [22] Market Trends - There is a growing trend towards premium experiences in live events, with consumers seeking personalized and exclusive opportunities [32][33] - TKO is capitalizing on this trend through its On Location hospitality services, enhancing the overall event experience [33] Conclusion - TKO Group Holdings is positioned for continued growth through strategic media partnerships, robust financial performance, and a focus on enhancing live event experiences. The company is committed to returning capital to shareholders while exploring new opportunities in boxing and global partnerships.
X @Bloomberg
Bloomberg· 2025-09-10 11:10
Momentous Sports will focus on investments in professional sports teams and the real estate ecosystem around them https://t.co/E98zBPqAG2 ...
CNBC’s Official NFL Team Valuations 2025: Here’s how the 32 franchises stack up
CNBC Television· 2025-09-04 11:20
CNBC is out this morning with our official NFL valuations. The average team is now worth 7.65% billion. That's an increase of nearly 18% compared with last year.Right now, we want to take a look at the top five most valuable NFL teams. Coming in at the top once again, the Dallas Cowboys worth 12.5% billion. That's nearly $2 billion more than the next most valuable team.Rounding out the top five, you've got the LA Rams, the New York Giants, the Las Vegas Raiders and the New England Patriots. Joining us right ...
X @Bloomberg
Bloomberg· 2025-09-03 22:22
The New York Giants have agreed to sell a minority stake in the storied franchise to Julia Koch and members of the billionaire Koch family https://t.co/BqjnvDjOXS ...