NFL wants to take percentage of private equity investment profits

NFL wants to take percentage of private equity investment profits

Brock Purdy, #13 of the San Francisco 49ers, prepares to take a snap in the first quarter against the Kansas City Chiefs during Super Bowl LVIII at Allegiant Stadium in Las Vegas on Feb. 11, 2024. Michael Reaves | Getty Images The National Football League has informed owners and investment firms that it intends to … Read more

NFL open to private equity team ownership, Roger Goodell says

NFL open to private equity team ownership, Roger Goodell says

Roger Goodell, Commissioner of the National Football League, after the morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 10, 2024. Kevork Djansezian | Getty Images The National Football League is considering allowing minority private equity ownership for its 32 teams of up to 10%, Commissioner Roger Goodell … Read more

NFL faces $21B lawsuit over ‘Sunday Ticket’ streaming package: Where the trial stands

NFL faces B lawsuit over ‘Sunday Ticket’ streaming package: Where the trial stands

LOS ANGELES (NewsNation) — A multibillion-dollar class-action lawsuit against the National Football League has the association defending its decades-old “Sunday Ticket” streaming package. The trial for the lawsuit filed by “Sunday Ticket” subscribers has entered its third week. Willie Mays, Giants’ electrifying ‘Say Hey Kid,’ has died at 93 Class-action lawsuit allegations The plaintiffs representing subscribers and … Read more

PE ownership in NFL teams is coming, Washington Commanders owner says

PE ownership in NFL teams is coming, Washington Commanders owner says

Josh Harris poses for a photo during the 2024 CNBC CEO Council Summit in Washington, D.C. on June 4, 2024.  Shannon Finney | CNBC In 2023, private-equity investor Josh Harris headed a group that paid $6.05 billion for the Washington Commanders, which still stands as not only the most money spent to purchase an NFL … Read more

This Is How Even Championship-Winning Racing Teams Die A Slow Death

This Is How Even Championship-Winning Racing Teams Die A Slow Death

Stewart-Haas Racing announced on Tuesday it will shut down at the end of the 2024 NASCAR season after 15 years in competition. For racing fans, the statement from team owners Tony Stewart and Gene Haas didn’t come as a surprise after months of speculation surrounding the outfit’s future. Despite winning two Cup Series championships over … Read more

What I plan to do with my money

What I plan to do with my money

Braden Fiske is set to become a many newly-minted millionaires — and he already has a head start on financial planning. Fiske, 24, was drafted by the Los Angeles Rams in the second round of the 2024 NFL Draft on Friday evening. The median value for a second-round contract, which Fiske is expected to sign, … Read more

YouTube stars help NFL bring in more viewers, league says

YouTube stars help NFL bring in more viewers, league says

YouTuber Deestroying and NFL Commissioner Roger Goodell presenting at YouTube’s Brandcast in May 2023. Credit: YouTube YouTube bet big on the NFL to boost its subscriber base, and content creators have been key to that push. After YouTube committed $2 billion per year to secure the rights to NFL Sunday Ticket, YouTube TV grew from … Read more

Streamers like Amazon, YouTube and Peacock are transforming the NFL

Streamers like Amazon, YouTube and Peacock are transforming the NFL

The NFL isn’t just the most popular sports league in the U.S., it’s also the most valuable with the highest-rated programming and the priciest ad time. In 2021 the league signed an estimated $110 billion worth of media deals covering 11 years, which reportedly was nearly double the value of its previous contracts. “If you’re … Read more

NFL bars teams from gambling in Las Vegas

NFL bars teams from gambling in Las Vegas

Nick Laham | Getty Images The National Football League is holding the Super Bowl in the gambling capital of the U.S. for the first time, but Commissioner Roger Goodell is reminding team personnel they are not allowed to take part in the action. Goodell sent out a memo Thursday ahead of Super Bowl LVIII in … Read more

NFL offers buyouts to more than 200 employees

NFL bars teams from gambling in Las Vegas

Nick Laham | Getty Images The National Football League offered voluntary buyouts to at least 200 employees as it gears up for start of the playoffs this coming weekend, according to a memo obtained by CNBC. The NFL, which has about 1,100 employees, told staff that it is “continuously evaluating ways to enhance efficiency and … Read more