Franchises
DBH acquires three Astros minor-league affiliates
ORLANDO -- Diamond Baseball Holdings has acquired three minor-league affiliates from the Astros: the Triple-A Sugar Land Space Cowboys, Double-A Corpus Christi Hooks and the Single-A Fayetteville Woodpeckers. Astros owner Jim Crane had owned all three teams before today’s sale. Prices were not discl...
Golden Knights president Penhollow begins organizational evolution with key hires
The Golden Knights are undergoing their most significant transformation on the business side since joining the NHL as a wildly successful expansion franchise in 2017. Despite consistently ranking comfortably within the top 10 NHL clubs in hockey-related revenue while playing in one of the league’s s...
Media Notes
USA TODAY’s Nate Davis noted the NFL is “flexing its first prime-time game of the 2025 season,” moving the Week 16 Patriots-Ravens game into the “marquee weekly window on NBC” for “Sunday Night Football” on Dec. 21. The game originally in that slot, Bengals-Dolphins, will move into that day’s 1pm ET...
Padres commit to maintain payroll in ’26 despite pending sale of team
The Padres plan to have a payroll that ranks among the top 10 in MLB in 2026 again, meaning they are “virtually guaranteed to pass” the Competitive Balance Tax threshold and pay the corresponding penalty for the second consecutive season and the fifth time in six years, according to Kevin Acee of th...
Wolves’ Chinese ownership highlights failed push by China into European soccer
Premier League club Wolverhampton Wanderers are the “last major redoubt of Chinese ownership in English football and history will no doubt record that of all that Chinese investment, Wolves have had the best of it,” according to Sam Wallace of the London TELEGRAPH. However, that is a “very low bar.”...
Chiefs’ Christmas campaign marks next phase of brand strategy
The Chiefs are in the midst of a monthlong campaign ahead of their Christmas Day game with an aim to “associate the holiday with the team in the same way the Dallas Cowboys have made Thanksgiving their own,” according to Jon Springer of AD AGE. The effort this year is “headed by” a Claymation holida...
Prospector Baseball Group acquires Jacksonville, Akron minor-league teams from Ken Babby
Prospector Baseball Group, led by longtime sports executive John Abbamondi and tech investor/entrepreneur Ben Boyer, has acquired the Jacksonville Jumbo Shrimp (Triple-A Marlins) and Akron RubberDucks (Double-A Guardians).
Celeb-owned La Equidad rebrands as International de Bogotá
Earlier this year, global soccer investors Al Tylis and Sam Porter led some of the sport’s most famous team owners -- a group that includes Ryan Reynolds, Rob McElhenney, Eva Longoria, Justin Verlander and Kate Upton -- in acquiring Colombia’s Club Deportivo La Equidad. Now that club has a new ident...
Why savvy sports investors are focused on Italy — and what can go wrong
Despite a wave of coming exits, private capital in sports has a competition problem. Investment barriers are falling, more sports-focused funds are being raised, valuations are surging and allocators are seeking the safety of recurring cash flows amidst broader volatility.
OpenAI chairman to buy stake in 49ers; deal values club at more than $9B
The 49ers are bringing on another Silicon Valley titan as a limited partner. OpenAI Chair and Sierra co-founder & CEO Bret Taylor is acquiring 1% of the five-time Super Bowl champion franchise from the York family in a deal valuing the team at more than $9B, sources said. Taylor, who has held se...
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Quote of the Day
The majority of the jersey sales are dark-color jerseys. And so it's good for business on top of it being really good for the viewing audience, because that contrast, I do think, makes a better television product and a better in-arena product.NHL Chief Branding Officer and Senior EVP Brian Jennings, on the impact of color-on-color jersey games.
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