Finance
Dundon largely prevails in Alliance of American Football bankruptcy case
A Texas bankruptcy judge on Tuesday “ruled largely in favor of” Hurricanes ownerTom Dundonin abankruptcy case related to the Alliance of American Football, which “collapsed shortly after Dundon became its biggest investor.” Since then, investors and vendors have “battled in bankruptcy court, incl...
Yankee Stadium generated $340M in tickets, suite sales for 2025 regular season
Yankee Stadium generated $339.5M in aggregate ticket and premium suite licensing revenue through the end of September, according to a new disclosure related to stadium bonds.
U.S. private equity firm to invest $100M in Mexican football league
Global Sports Capital Partners has made the first U.S. private-equity investment in a Mexican sports league, with a plan to give $100M of combined investment over the next seven years to México’s American football league, Liga de Fútbol Americano. The investment opportunity was initiated by former N...
Dick’s Sporting Goods to close some Foot Locker stores amid restructure
Dick’s Sporting Goods is “planning to close a slew of Foot Locker stores” following itsacquisition of the company. It is “unclear how many stores Dick’s plans to shutter.” Dick’s Exec ChairEd Stacksaid that the closures are “part of a larger restructuring it’s implementing so Foot Locker isn’t a ...
Solheim Cup boosts LPGA revenue to record in 2024
The LPGA brought in a record $252M in revenue in 2024, a gain of nearly $44M over 2023 as the tour hosted the Solheim Cup team competition near D.C. The LPGA provided a copy of its recently filed Form 990 upon request by Sports Business Journal.
SportAI raises $3M, welcomes new chairman, investors
Artificial intelligence-fueled racket sports analysis platform SportAI has raised $3M in new funding. The latest round, which brings the Oslo-based startup’stotal raised to $5.7M, includes investment from Norwegian investment firm Altitude Capital, Norwegian tennis starCasper Ruud, U.S. soccer pla...
Nicklaus Companies files for Chapter 11 bankruptcy following defamation suit
Nicklaus Companies, Jack Nicklaus’ former golf course services business, has “filed for Chapter 11 bankruptcy after a Florida court ordered the company” to pay its founder $50M “in adefamation suit,” according to Paula & Torres of BLOOMBERG NEWS. The company’s filing in US Bankruptcy Court in D...
Sports tech market undergoing rapid consolidation — what’s driving it?
The genesis of Hudl was the creation of a video analysis tool to help the University of Nebraska football team in 2006. When the product was commercialized, the New York Jets became the second paying customer as Hudl concentrated on elite American football.
Buy-sell-hold: The future of MLB, the WNBA and more
SBJ asked Dealmakers attendees for their thoughts -- submitted anonymously -- on some of the industry’s biggest storylines:
Dealmakers go deep on sports
A record crowd of more than 350 of the top executives and dealmakers from across the sports industry tackled everything from the launch of new global leagues and private equity’s circling of college sports to mixed-use real estate and the continued explosion of women’s sports. A sampling of highligh...
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Quote of the Day
You need people that can set the tone, set the culture, and set the level of play up here. And since we’re only doing that across six teams, you can concentrate the talent, not spread it across 13 teams or 30 teams. And as a result, you can have a product that every night is equivalent to a WNBA Final. That’s what we’re setting up.-- Project B co-founder & COO Grady Burnett, on recruiting talent to the new basketball league.
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