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Rogers Becomes Majority Owner of Maple Leaf Sports & Entertainment
Globenewswire· 2025-07-02 17:00
Core Viewpoint - Rogers Communications Inc. has successfully acquired BCE's 37.5% ownership stake in Maple Leaf Sports & Entertainment (MLSE) for C$4.7 billion, increasing its ownership to 75% and reinforcing its commitment to Canadian sports [2][3]. Group 1: Acquisition Details - The acquisition closed on July 1, 2025, after receiving all necessary regulatory and league approvals [6]. - The purchase price of C$4.7 billion was primarily funded through revolving bank credit facilities and cash on hand [6]. Group 2: Strategic Importance - MLSE is recognized as one of the most prestigious sports and entertainment organizations globally, and Rogers aims to leverage this ownership to enhance its sports portfolio [3][5]. - The acquisition positions Rogers as the largest owner in MLSE, which includes iconic sports teams and strengthens its leadership in Canadian sports [2][5]. Group 3: Investment Commitment - Over the past decade, Rogers has invested more than C$15 billion in Canadian sports and plans to continue this investment to bring championships to Canada [3][4]. - The company has established long-term strategic partnerships with the NHL and various Canadian teams, including a new 12-year agreement for national media rights through 2037-2038 [5].
5 Stocks Set To Crush Q2 Earnings
Benzinga· 2025-07-02 15:57
Market Overview - The S&P 500 reached new all-time highs, surpassing levels last seen in February, indicating strong investor confidence as summer approaches [1] - The market's strength is attributed to robust corporate earnings in Q1, with upcoming Q2 earnings being crucial for sustaining the rally [1] Company Highlights Advanced Micro Devices Inc. (AMD) - AMD reported Q1 2025 earnings of $7.44 billion, exceeding expectations of $7.1 billion, with a year-over-year growth of over 35% [4] - The company raised Q2 revenue guidance to a range of $7.1 billion to $7.7 billion, with a consensus expectation of $7.2 billion [4] - Analyst upgrades and strong earnings have led to a resurgence in AMD's stock, which has broken above key moving averages [6] Ulta Beauty Inc. (ULTA) - ULTA reported Q1 earnings with an EPS of $6.70, beating expectations by $0.97, and a quarterly revenue growth of 4.5% year-over-year [7] - The company raised its full-year 2025 sales guidance to $11.7 billion, with EPS projections increased to a range of $22.65 to $23.20 [7] - Following the earnings report, ULTA's stock jumped 11%, supported by a bullish technical signal known as the Golden Cross [9] Adobe Inc. (ADBE) - Adobe announced Q1 earnings of $5.06 EPS and revenue of $5.87 billion, representing over 10% year-over-year growth [10] - The company maintained its full-year 2025 revenue estimates but raised EPS projections to a range of $20.50 to $20.70 [12] - Despite strong earnings, Adobe's stock remains undervalued compared to tech peers, trading at 23 times forward earnings [10] Amer Sports Inc. - Amer Sports reported Q1 earnings with an EPS of $0.27, surpassing expectations of $0.12, and quarterly revenue of $1.47 billion, reflecting over 24% growth year-over-year [13] - The company raised guidance for full-year EPS and revenue, leading to new all-time highs for the stock [15] Jabil Inc. (JBL) - Jabil reported fiscal Q3 2025 net revenue of $7.8 billion, exceeding analyst expectations and internal projections by over $800 million [16] - EPS for the quarter was $2.55, a 35% year-over-year increase, with full-year revenue guidance raised to $29 billion [16] - The stock reached new all-time highs, supported by strong fundamentals and analyst backing, including a price target increase to $245 [18]
X @Forbes
Forbes· 2025-07-02 15:51
Sportswear giant Nike is stepping onto a new court of play. Learn more: https://t.co/BKyvg0sFFC https://t.co/BKyvg0sFFC ...
FRE Nicotine Pouches Partners with PBR in the Brand’s Largest-Ever Sports Sponsorship
Globenewswire· 2025-07-02 13:00
Multi-year partnership brings innovative nicotine brand into the arena as official sponsor of Unleash The Beast series Ready to Ride: Cowboys Gear Up for Competition Lowriders team members sporting their distinctive FRE jerseys preparing for competition ahead of Kid Rock's Rock N Rodeo PBR Guests At The FRE Stadium Concourse Activation Three visitors in rodeo attire smile for the camera in front of the colorful FRE brand display, showcasing the company's nicotine product line Louisville, KY, July 02 ...
X @Forbes
Forbes· 2025-07-02 12:30
Caitlin Clark helped lead Indiana to an WNBA-best $32 million in estimated 2024 revenue, with the team now valued at $370 million. https://t.co/RjE4oFQjF0 https://t.co/RjE4oFQjF0 ...
Polaris Announces Amendment to Existing Credit Agreement and Full Prepayment of Senior Notes
Prnewswire· 2025-07-02 12:30
Covenant Relief Enhances Financial Flexibility and Supports Long-Term GrowthMINNEAPOLIS, July 2, 2025 /PRNewswire/ -- Polaris Inc. (NYSE: PII), the global leader in powersports, today announced that on June 27, 2025 it executed an amendment to its existing credit facilities, originally dated July 2, 2018. In addition, the company also fully repaid all $350 million of outstanding senior notes due 2028. The debt prepayment was funded through revolving loans under the company's senior credit facilities.The ame ...
Family Offices Invest Billions in Professional Sports Teams for Long Term Growth and Value-Building Legacies
Globenewswire· 2025-07-02 12:26
Core Insights - Brera Holdings PLC is focusing on expanding its global portfolio of men's and women's football clubs through a multi-club ownership strategy, highlighting the growing interest from family office investors in professional sports assets [1][2][8] - Family offices are emerging as significant players in professional sports investments, controlling approximately $5.9 trillion in assets worldwide, and reshaping ownership dynamics by investing in major franchises [2][3] - Brera's portfolio club, S.S. Juve Stabia, has seen a remarkable 245% increase in market value, reaching $32 million, indicating the effectiveness of Brera's ownership and the club's competitive growth in Italy's Serie B [2][3] Company Overview - Brera Holdings PLC aims to create social impact through its football business by developing a global portfolio of emerging football clubs, building on the legacy of Brera FC, which it acquired in 2022 [4][8] - The company has expanded its reach into Africa and made strategic acquisitions, including a 90% stake in North Macedonia's Fudbalski Klub Akademija Pandev and a majority stake in SS Juve Stabia [5][8] - Brera Holdings is recognized for its innovative approach to value creation and socially impactful outcomes in the global sports industry [8]
X @Bloomberg
Bloomberg· 2025-07-02 10:20
Investment & Expansion - SURJ Sports (沙特阿拉伯公共投资基金的投资部门) 正在洽谈投资 T100 Triathlon World Tour 的组织者,以扩大该系列赛事 [1]
“江门游戏电竞产业政策16条”发布 融入广深“电竞双核”布局
Group 1 - Jiangmen Municipal Government has released a set of 16 policy measures to promote the development of the gaming and esports industry, aiming to leverage the industrial advantages in manufacturing, particularly in new energy and smart home appliances [1] - The city plans to attract esports industry spillover from Guangzhou and Shenzhen, establishing a gaming equipment manufacturing industrial park tailored to local conditions [1] - Jiangmen will support hosting esports events to extend the industrial chain, creating a virtuous cycle of "event traffic - industry aggregation" [1] Group 2 - The city aims to enhance collaboration with the Greater Bay Area cities and join the "Pearl River West Coast Esports Industry Alliance," establishing a cross-border talent training base with Hong Kong and Macau [1] - Jiangmen intends to integrate AI, AR, and VR technologies with traditional industries, supporting local tech companies in developing esports-specific equipment and plans to create a "Jiangmen Intelligent Manufacturing" esports brand [1] - The city will construct or renovate professional venues according to international event standards, improving the full industry chain functions of research, training, and live broadcasting [1] Group 3 - To address the shortage of esports talent, Jiangmen proposes a "vocational education + industry" model, encouraging local colleges and vocational schools to offer courses in esports management and VR design [2] - The city will support the establishment of "esports innovation and entrepreneurship incubators" to provide free space, technical support, and startup funding for startups [2] - Jiangmen encourages the introduction of leading domestic and international esports companies to set up operations locally, offering preferential benefits for top esports talents, including education and healthcare for their children [2]
X @Investopedia
Investopedia· 2025-07-02 00:00
Buzz about sought-after Caitlin Clark sneakers shows Nike is wise to tap the growing market for women's sportswear, Jefferies analysts said. https://t.co/3NPhrhs5FV ...