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The Latest Breaking News from Sportico

Report: Outside group may begin massive PGA Tour investment as early as next week

The Strategic Sports Group (SSG) may begin its PGA Tour investment sooner rather than later.

USA Today Sports Media Group

Sportico says Sean Payton is the highest-paid coach in American sports

USA Today Sports Media Group

Baseball Star Shohei Ohtani's New Contract Is a Massive Tax Avoidance Scheme. Nice!

He could save $98 million by dodging California's state income taxes with his unusual, eye-popping contract.

Reason

From analysis to the latest developments in health,
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Filing Reveals Jay Monahan's 2022 Earnings And PGA Tour's Huge Legal Fees

Sportico reports that the PGA Tour's 2022 IRS filings show a huge increase in Monahan's compensation and the organisation's legal fees

Golf Monthly

NBA franchise crosses massive valuation milestone

NBA team values are rising fast across the board.

The Street

Here's how Mark Cuban's Dallas Mavericks sale stacks up against other modern NBA franchise sales

Cuban sold a majority stake of the team he's owned since 2000.

The Street

Bill Belichick reportedly highest-paid coach across all U.S. sports

Even with a 2-9 record, Bill Belichick is still laughing his way to the bank.

USA Today Sports Media Group

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Short Squeeze Figure Ken Griffin Eyes Ownership Stake In Miami Dolphins

Citadel CEO Ken Griffin in talks to acquire minority stake in Miami Dolphins, expanding sports ownership ventures

Zenger

NHL teams follow NFL, NBA, and MLB with impressive billion-dollar gains

It makes sense why celebrities keep eyeing sports investments.

The Street

The World Series game ball is worth an absurd amount

The six-figure price could be more than those of recent years.

The Street

Jets Declined Insurance on Aaron Rodgers Before Achilles Injury, per Report

New York declined to purchase insurance coverage after acquiring the 39-year-old star quarterback.

Sports Illustrated

NFL team owner has acquired another pro team

The new league's investors include Stephen Curry, Tony Romo, and Justin Timberlake.

The Street

Survey shows Americans support college athletes earning from their schools

A new survey shows where people stand on this issue.

The Street

Bengals rank last in franchise valuation again

But the Bengals are fast on the rise, too.

USA Today Sports Media Group

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Zenger

Want To Invest In Lionel Messi’s MLS Success? Buy Apple Stock And This Asset Company

Soccer superstar Lionel Messi recently joined Major League Soccer (MLS) team Inter Miami in a surprise move for fans

USA Today Sports Media Group

Rams are worth $6.94 billion, 3rd-most valuable franchise in NFL

The Rams' valuation increased by 17% to $6.94 billion, making them the 3rd-most valuable franchise in the NFL

The Street

The 20 Most Valuable Sports Teams

Pro sports franchise valuations have skyrocketed in recent years.

Fortune

Big Finance is taking over Big Sports. From Josh Harris to Steve Cohen to David Blitzer, here are the 120 ‘alt’ power players entering the field of play

An analysis by Fortune shows that roughly 120 private equity, VC, and hedge fund execs have amassed stakes in big-time sports franchises.

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The Hindu

Report: Ferrari tops F1 team values at $3.13B

Despite not winning a Formula 1 title since 2008, Ferrari is the most valuable of the circuit’s 10 teams at $3.13 billion, according to a survey by Sportico.

Tribune News Service

Lightning selling minority ownership stake at $1.4 billion team valuation: report

TAMPA, Fla. — The Lightning are in the process of selling a minority stake in the team in a transaction valuing the club at $1.4 billion, according to a report from Sportico.

The Street

BREAKING: NHL Franchise Stake Selling at Record $1.4 Billion Valuation

A private-equity group has agreed to buy a chunk of the Tampa Bay Lightning.

The Street

Ryan Reynolds and Snoop Dogg Miss on Billion-Dollar Ownership Stake

The celebrities were bidding separately, but both lost out.

The Street

Why Your Favorite Team Could Take a Huge Financial Hit

A growing problem may put a number of teams in a difficult position and things could keep getting worse.

Chicago Sun-Times

Laura Ricketts among additions to Sky ownership group

According to a report from Sportico, Sky owners sold a 10% share in the team to the new ownership group at an $85 million valuation which is the second highest in the league behind the Storm.

The Street

A Major US City Just Paid Half a Billion Dollars for a New Pro Sports Team

This city beat out Las Vegas for the opportunity.

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