- MLB issued around $40 million in new debt in May, reports SBJ’s Chris Smith, with Fitch assigning it an A rating. The funds will support team-level borrowing through MLB Club Trust Securitization, a league-controlled credit facility.
- World Team Tennis announced the first three teams for its return to competition in December, writes SBJ’s Rob Schaefer: N.Y., Miami and Toronto.
- Pathway Sports and Entertainment, which college sports business stalwart Casey Schwab founded last year, entered into a multiyear partnership with athlete-driven media company College Sports Co, notes SBJ’s Ben Portnoy.
- Spurs C Victor Wembanyama, Fever G Caitlin Clark and Bulls legend Derrick Rose will appear on the covers of 2K Sports’ NBA 2K27, reports SBJ’s Jason Wilson.
- GSE Worldwide is stepping up its use of AI, hiring Park City, Utah-based advisory firm Extraordinary AI to help weave the tech into everyday work across the agency, notes SBJ’s Irving Mejia-Hilario.
- Mejia-Hilario also writes that former WME agent Kailey Edwards joined Lift Management to become its new VP/women’s sports and business development.
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