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X @Forbes
Forbes· 2025-09-27 17:00
Industry Ranking - NFL's Most Valuable Teams 2025 list is available [1] Link Information - The list can be found at the provided URL: https://t.co/hCdokFlQWh [1] - Additional content is available at: https://t.co/foczlsIf8D [1]
Robert Kraft to sell 8% of Patriots to Sixth Street, Dean Metropoulos
CNBC Television· 2025-09-25 21:27
Valuation and Deal Structure - New England Patriots is selling approximately 10% stake to private equity firms [1] - The valuation of the deal is at $9 billion [1] - The revenue multiple is a little over 11 times revenue, similar to the Commanders' sale two years ago [2] - The deal involves the issuance of primary shares, meaning the funds will go to the Patriots' balance sheet [3] Financial Implications - The Patriots will receive several hundred million dollars in cash from the deal [3] - The cash can be used for investments in Gillette Stadium, operations, and debt reduction [3] - The cash can be used to put money in escrow for guaranteed player contracts [4] Revenue and Value Drivers - NFL teams share approximately two-thirds of revenue equally, reducing the correlation between performance and revenue [5] - The Patriots own their stadium, generating revenue from concerts and other events [6] - The Patriots also own the New England Revolution of Major League Soccer, but this is not included in the deal [6] - The Patriots have loyal fans and the highest premium club seat prices in the NFL, at around $630 [6][7]
X @The Economist
The Economist· 2025-09-25 16:15
Next month its teams will play in front of Chinese fans for the first time in six years https://t.co/5Tl8ePCvmR ...
Robert Kraft agrees to sell New England Patriots minority stake in deal that values team at $9B
CNBC· 2025-09-25 14:38
New England Patriots owner Robert Kraft speaks to media at Gillette Stadium to announce the team's hiring of head coach Jerod Mayo.Robert Kraft, who paid $172 million for the New England Patriots in 1994, has agreed to sell 8% of the NFL team to two groups in a deal that values the franchise at $9 billion, according to two sources who have first-hand knowledge of the deal but are not authorized to speak about it publicly.The money the team will get from selling the 8% stake is going to stay on the Patriots' ...
Chicago Bears hit $8.9 billion valuation as NFL prices soar
CNBC Television· 2025-09-24 20:00
A 2.3% stake in the Chicago Bears was recently sold at a record $8.9% billion valuation. This continues the trend of skyrocketing NFL valuations. Over the past year, small stakes and the San Francisco 49ers sold at an $ 8.6% billion valuation. A small piece of the Philadelphia Eagles sold at $8.3% billion valuation. And a small piece of the Miami Dolphins was valued at $7.7% billion.The reason for these escalating valuations are number one, the NFL's broadcasting deals are viewed as being undervalued. Curre ...
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.