UFC, WWE Parent TKO Doubles Dividend on Heels of Rights Deals
TKO Group Holdings is doubling its dividend, the company announced Wednesday, as strong cash flow and future revenue provided by recent UFC and WWE U.S. media rights…
Stocks
Sports Stocks Hit 32-Month Peak With Focus on Rates, Not Tariffs
The Sportico Sports Stock Index closed August at its highest level since the end of 2021, as a belief that interest rates will be cut and boost consumer spending in what…
Clase Gambling Probe Shakes Athlete Income-Sharing Industry
Emmanuel Clase’s indefinite leave from Major League Baseball hurt more than just the Cleveland Guardians—it also is another blow to the nascent idea of athlete…
Sports Stocks Rally to 3.5-Year High Behind Rush Street, Rogers
The stock market sees only blue skies as equities shrugged off fears of tariffs, consumer spending and inflation in July, leading the Sportico Sports Stock Index to…
Sports Stocks Rally as Optimism on Tariffs, Cost Cuts Sparks Wall Street
Optimism all around the market erased the losses of the past three months, including in sports, as the Sportico Sports Stock Index rose 9% in June, pushing the index to…
GameStop Dipping Its Toe Into Trading Card, Collectibles Market
In 1994, baseball pitcher Bill Lee told filmmaker Ken Burns about his baseball card collection as part of Burns’ sprawling documentary. “I could take all my Mickey…
What Fans Are Betting on During the NBA Finals
While the NBA Finals haven’t produced stellar TV ratings as they head back to Oklahoma City for Game 5 on Monday, the extended series is providing ample opportunities…
Sports Stocks Rebound as Tariff Fears Recede, TACO Trade Dominates
Sports stocks posted their first positive month since January as fears eased about tariffs, which had dragged the Sportico Sports Stock Index 23% lower from its…
ESPN Bet Faces Make-or-Break Year for $2 Billion Disney-Penn Deal
The pressure is on Penn Entertainment to finally get sports betting right, as past failures, activist investors and expectations that the ESPN brand should be a winner…
Chip Wilson Makes $600M as Trump Tariffs Barely Dent Amer Sports
Donald Trump’s tariff policies haven’t immediately affected sporting goods consumers outside the U.S., a fact that has made billionaire Chip Wilson $600 million…
DraftKings the Exception to Sports SPACs’ Dire Track Record
DraftKings, the company that sparked the sports SPAC craze in 2020, still stands as the best of the blank-check sports deals. The result for some 200 other…
Hall of Fame Resort Going Private for Pennies, Market Approves
Hall of Fame Resort & Entertainment is closing the books on its five-year run as a publicly traded company, as the Canton, Ohio, sports project has agreed to sell itself…
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