I Don't Know Who Needs to Hear This, But...

The NBA Just Stripped an Owner of Five Years

Thu, 03 Sep 2026 11:34:36 GMT

A nearly yearlong investigation into the Clippers' 2021 Kawhi Leonard extension lands the harshest front-office penalty in modern NBA history: a $30M fine, five forfeited first-round picks through 2033, five years of compliance monitoring, and a year-long suspension for owner Steve Ballmer. Plus: Prime Video picks up six NHL teams' local rights in a single day as rival streamer Victory+ terminates its staff and files for receivership; DAZN lands its first NBA local package with the Spurs; First Horizon extends 34 years as Tennessee's jersey sponsor with a new bet on athlete-influencer marketing; Michigan opens the Big House to corporate branding for the first time ever; and Yahoo sells exactly two innings of baseball before handing viewers a paywall. Today's thread: control is getting expensive to lose, and expensive to hold onto.

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Kroenke Now Owns a Team in Every Major League

Thu, 03 Sep 2026 10:47:37 GMT

Stan Kroenke agrees to buy the Los Angeles Angels for a reported $4B — breaking the $3.9B record the Padres set earlier this year — and closes the last gap in a portfolio that now spans every major U.S. league plus the Premier League. It's the fourth control sale of a major American franchise this summer. Plus: Chelsea finally sells the front of the shirt, to stablecoin issuer Circle Internet Group; Netflix buys its way into bars and restaurants ahead of its expanded NFL slate; the NFL turns touchdown celebrations into a Roblox campaign; and London trading firm IG Group pays up to $2.15B for Underdog, betting prediction markets are the future of retail trading. Today's thread: consolidation at every level, and increasingly the same handful of names doing it.

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The Lakers Just Sold Again — For a Record

Mon, 31 Aug 2026 21:32:19 GMT

Mark Walter sells the Lakers to Joshua Kushner and Bob Iger at a record $12.5B, the second change of control in under a year — and it's not alone: Arctos takes 10% of the Falcons at $10.6B, and a Bezos-backed group closes on up to 40% of Liverpool. Plus: the next Paralympic rights process opens, Chelsea finally sells the front of its shirt to a stablecoin issuer, a new report finds World Cup non-sponsors outperformed paid partners, and the NFL bundles its sportsbook deals with exclusive data rights. Today's thread: ownership itself has become the asset class.

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EA's Big Pay-Day Finalized

Fri, 28 Aug 2026 18:58:27 GMT

NFL early renewal talks stall as Fox and Paramount step back, EA's $55B take-private closes, plus Nielsen, McLaren and CazeTV headline news.

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DAZN is Loving Regional Rights

Fri, 28 Aug 2026 14:39:30 GMT

The Indiana Pacers hand every local broadcast to DAZN, Kelce and Publicis launch an NIL shop, plus Nike, EA and Premier League shirt news.

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