Finance
City of Pittsburgh defends 3% ‘jock tax’ in Pennsylvania Supreme Court
Attorneys for the city of Pittsburgh argued in front of the Pennsylvania Supreme Court on Thursday morning, maintaining that the “collection of the 3% facility usage fee was legal” and did not “violate the state constitution,” according to Hallie Lauer of the PITTSBURGH POST-GAZETTE. The fee, “often...
Wimbledon debenture prices surge 59%
The All England Lawn Tennis Club has announced a 59% “price increase for debenture seats inside Number 1 Court during the Wimbledon Championships” as it looks to “raise funds ahead of a major building project,” according to Josh Noble of the FINANCIAL TIMES. The debentures grant holders a “guarantee...
Sportswear, betting companies rally after 90-day pause on tariffs
Just one week after announcing wide-ranging tariffs, the White House today reversed course, indicating nearly all foreign nations would face a universal 10% tariff for 90 days while negotiations continue. The tariff relief does not apply to China, which is now facing a 125% rate.
UNC spending nearly $12.5M on staff under Bill Belichick
The Univ. of North Carolina is spending nearly $12.5M in “total salaries for the assistant coaches, front-office department, strength and conditioning coaches, and other support staffers working under new football coach Bill Belichick,” according to Adam Smith of INSIDE CAROLINA. Belichick had “agre...
X Games hires Cohen, Senglaub as top financial executives
The X Games has hired a pair of new executives, adding CHERIE COHEN as Chief Revenue Officer and KEITH SENGLAUB as Chief Financial Officer.
SponsorCX raises $4.6M as it expands sponsorship CRM to brands
SponsorCX, which makes a CRM for sponsorship management, has raised its largest investment to date, a $4.6M round led by Kickstart, a Utah-based early-stage venture firm.
Utah sports owner Ryan Smith, Accel’s Ryan Sweeney start sports tech fund Halo Experience Company
Jazz and Utah Hockey Club owner Ryan Smith and Accel partner Ryan Sweeney have co-founded Halo Experience Company (HXCO), an investment firm specializing in tech startups operating within sports and entertainment.
U.S. video game stocks weather Monday’s tariff hits, but Japanese firms take beating
Video game stocks with connections to sports and esports took a beating Monday in Japan as foreign markets continue to react to President Trump’s tariff slate, but key U.S. firms Electronic Arts, Take-Two Interactive and Microsoft either saw tiny gains or losses on Wall Street.
Nike, Lululemon rebound after Trump-Vietnam call
Stocks exposed to Vietnam, including Nike and Lululemon Athletica, “soared” on Friday after President Donald Trump said he had a “very productive call” with General Secretary of the Communist Party of Vietnam To Lam and said the country wants to “cut their tariffs down to zero.” Nike shares “erased ...
StubHub delays IPO amid market uncertainties
Online ticket marketplace StubHub is “delaying plans to go public” after President Donald Trump’s sweeping tariff announcement “sent shockwaves through U.S. markets.” The company put its “long-awaited” debut on pause “because of market turbulence,” according to a source. The company does not have a ...
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Quote of the Day
We’ve heard from brands and investors that they’re excited to invest in the space, but that there’s not enough to sponsor. As a result, we’re focused on creating more content for advertisers, streamers/networks and fans; more live experiences and activations both on the grassroots level and at major women’s sports tentpoles; and more consumer products.-- Togethxr co-founder Alex Morgan, on the media company's plans for the future now that it has hit profitability.
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