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News from the Asset Class of Sports
TMRW Sports, co-founded by Tiger Woods and Rory McIlroy, secured backing from Dynasty Equity Partners and is valued at $500M. Read here
MGM Resorts International's, LeoVegas Group, reached an agreement to buy the U.S sportsbook and online casino technology platform from Tipico Group. Read here
ESPN announced the "ESPN Experiences: Take Me Out to the Ballparks" tour, set for Labor Day weekend, including a three-city MLB tour featuring iconic ballparks and MVP ESPN access. Read here
The NCAA voted to remove cannabis products from the banned drug class for championships and postseason participation in football. Read here
NBC will be using an AI version of announcer Al Michaels' voice for the 2024 Summer Olympics. Read here
The NFL was ordered to pay $4.7B in damages after ruling that the league violated antitrust laws in distributing out-of-market Sunday afternoon games on "Sunday Ticket." Read here
Todd Boehly, the Los Angeles Dodgers and Chelsea co-owner, is part of a group exploring how to transform college football into a single-league structure. Read here
TNT Sports and the BIG EAST Conference announced a new six-year media rights deal for Men’s and Women’s basketball beginning in 2025-26. Read here
ATP Tour approved in-competition wearables for players. Read here
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