Ariel Investments, the global asset manager, is raising $1 billion for its inaugural fund focused exclusively on women’s sports, according to multiple sources familiar with the matter. The fund, named Project Level, had a $250 million first close in February and is targeting a second close in the second quarter. At $1 billion, it would…
Nahshon Wright is leading a growing list of NFL players cashing in on performance-based pay (PBP) bonuses. The 27-year-old cornerback, who signed a one-year, $5.5 million deal with the Jets earlier this month, earned an additional $1.4 million on top of the $1.1 million he made with the Bears last season. Wright’s payout tops the…
The Jockey Club has partnered with sports and entertainment hospitality provider Levy on a 20-year deal that will see a £100 million (€116m/$133m) investment aimed at revolutionizing the customer experience across the group’s UK racecourses. The existing joint venture, Jockey Club Catering, will be rebranded as Jockey Club Experiences, expanding its role to include end-to-end…
The 36 clubs across Bundesliga and 2. Bundesliga have voted in favor of a new Financial Fair Play (FFP) regulation that limits club spending on player wages to 70% of revenue, following a model similar to one soon to be adopted by the Premier League. Morningstar DBRS, one of the world’s leading credit rating agencies,…
Chelsea F.C. have received a suspended one-year ban on signing first-team players along with a £10 million fine from the Premier League after the league concluded an investigation into financial rule breaches dating back to the ownership era of Roman Abramovich. The sanction will be suspended for two years, meaning Chelsea can continue registering senior…
Pelé Soccer, the lifestyle brand co-founded with the late Brazilian football legend Pelé, is facing a copyright infringement lawsuit over its use of one of the most iconic images in soccer history. The estate of Brazilian photographer Alberto Ferreira filed the complaint last week in the Southern District of New York, alleging that Pelé Soccer…
The NFL is flexing its muscle in the American sports media landscape. Reports indicate the league is seeking an additional $1 billion annually from Paramount, the parent company of CBS, for the rights to air Sunday afternoon games. The context: The NFL’s current 11-year, $110 billion media deals with CBS, ESPN, NBC, Fox, and Amazon…
For the members of FC Barcelona, the verdict was clear. With 68.18 percent of the vote, they handed Joan Laporta another mandate that will keep him in charge until 2031. The election result was framed by the president as an endorsement of the work already done — and, more importantly, of the work still unfinished….
Every March, the frenzy of the NCAA Division I Men’s Basketball Tournament and NCAA Division I Women’s Basketball Tournament drives massive television audiences, packed arenas and, crucially, a complex financial reward system that funnels millions of dollars back to conferences and their member schools. At the center of that system is the NCAA’s “unit†program—a…
Formula 1 has never been shy about its astronomical economics, but the 2026 driver salary landscape reveals a sport in full acceleration—one where the gap between the championship-winning elite and mid-grid operators has widened to stratospheric proportions. Max Verstappen’s $70 million annual salary stands as the benchmark, a figure that underscores not just his on-track…
