The National Basketball Association Hall of Famer has filed a joint lawsuit accusing the race circuit of hoarding revenue and engaging in unfair negotiations with partners, Front Office Sports reports.
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LVMH and the organizers of the Formula One races have signed a major sponsorship deal potentially worth $1 billion, with the French luxury goods group taking over from Rolex.
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When Major League Pickleball launched in 2021, teams were valued at under $1 million. Now as the league has grown to 24 teams, sources say clubs are now valued between $10 million and $15 million.
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Ryan Smith wants the NBA’s Utah Jazz to play in a revamped arena, flanked by bustling plazas and in the shadow of a new skyscraper. Residents and visitors would subsidize the development through a higher sales tax.
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A few weeks after the NFL invited private equity firms to purchase passive stakes in its teams, a very different sport across the pond said it's planning something similar.
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A father-son disagreement over team payroll spending reportedly led the Grousbeck family to put their Boston Celtics up for sale, according to The New York Post. Ownership persists that it is selling for "estate and family planning considerations."