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Sports Business

TL’s Sunday Sports Notes | Oct. 4th

October 4, 2026 by Digital Sports Desk

By TERRY LYONS, Editor-in-Chief of Digital Sports Desk

BOSTON – On September 28, the United States Senate issued the following statement:

On September 28th, with a large bipartisan vote of 77-22, the Senate passed the Protect College Sports Act (S.4668), authored by Senate Commerce Committee Chairman Ted Cruz(R-Texas) and Ranking Member Maria Cantwell (D-Wash.). This bill is a major step toward ending the chaos and uncertainty plaguing college sports and providing student athletes, fans, schools, and coaches desperately needed relief. The bill now moves to the House of Representatives.

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Cruz was quoted in the statement saying, “Today is a monumental day for college athletics. The United States Senate voted to protect the hundreds of thousands of student athletes currently competing in college sports, the millions who will follow in their footsteps, and every college sports fan who wants to preserve this great American tradition for generations to come. After years of discussions and months of intense deliberations, we achieved what many said was impossible and succeeded in getting the Protect College Sports Act through the Senate with a huge bipartisan vote. I am proud of our success, and I trust the House of Representatives will remain focused on bringing stability to college sports by delivering the Protect College Sports Act to President Trump’s desk without delay.”

The Bill faces two major hurdles:

  1. The House of Representatives is not in session. The broken branch of lawmakers took an eight-week recess (September 16-November 9). While pundits claimed the break was to allow Congress to return to home districts to campaign for the upcoming mid-term elections, the truth was that Mike Johnson, the Speaker of the House, took the drastic measure to avoid a prominent call introduced by Republican Representative Thomas Massie to impeach Defense Secretary Pete Hegseth. Additionally, there is little to no guarantee that the House will vote on the Bill as it currently exists, and if they do, it might not pass.
  2. While Cruz lauds the Bill for its supposed protection of collegiate athletes, there are quite a few athletes, and their legal representatives, who believe the Bill is not in the best interest of the athletes as it limits Name, Image and Likeness earnings and limits the number of years a student can remain eligible. Previously and consistently, Courts across the land have ruled for extra college eligibility years for various reasons.

According to legal expert Darren Heitner, after issuing the news release, Cruz spent the next two days insisting the momentum (of the Senate passing the Bill) would carry across the Capitol. He told (anyone who would listen) that he has held “extensive conversations” with Speaker Mike Johnson, that he still expects the House to return before the election, and that “the House can pass this in one day.” Jake Sherman’s reporting says otherwise. House Republican leadership says there is no chance members come back for the bill, that leadership doubts it could even get enough members back, that the bill is not a priority five weeks before an election, and that leadership is not confident it could get through the Rules Committee. The House is not scheduled to return until early November (Nov. 9).

Cruz certainly knows the truth of the matter, so you wonder what his motive can be in outright lying? Or, is he simply dreaming?

Marc Edelman, a tenured law professor at Baruch, a sports ethics director, Fulbright Scholar and Sports, Gaming & Antitrust Attorney, urged reporters to stop accepting what the Bill’s advocates say it does and, instead, examine the incentives each advocate actually has. “It doesn’t take a lot of intellect to understand that this Bill was never primarily about athletes, Olympic sports, or women’s sports, but about a handful of powerful constituencies each walking away with something it wanted, while the athletes who generate the revenue were subordinated,” noted Edelman.

On the surface, there’s a fundamental flaw which the Senate seemed to ignore.

  1. The athletes will have various limitations put forth, including income and length of service.
  2. The college administrators, coaches, school Presidents, and staff have no such limitations on their salary nor their own length of service.

Instead? There seems to be an incentive to return college athletics to the ‘way it used to be’ before all of these new rules and lawsuits changed the landscape beloved by so many fans who love the bands, the cheerleaders while looking the other way as the NCAA pocketed billions while the players in each and every sport compete with a college scholarship held over their heads as compensation.

Edelman also notes, “The NCAA’s Charlie Baker shows his incentive with the least speculation. The NCAA has been asking Congress for antitrust protection since the Supreme Court made clear in 2021 that it enjoys none. This Bill delivers it, shielding the NCAA, the conferences, the schools, and the College Sports Commission from federal suits over the enforcement of compensation, transfer, and eligibility rules. Critics have pointed out that the Bill’s protections for women’s sports sunset after nine years while the antitrust exemption never expires. When one party’s benefit is permanent, and the other’s is temporary, the drafters have told you which provision is the point.”

Proponents of the Bill note, “(The Bill has the) support of 32 collegiate athletic conferences and more than 380 colleges and universities across all 50 states and Washington, D.C., including Historically Black Colleges and Universities (HBCUs). Additional endorsements for the bill include: the National Football League (NFL), Major League Baseball (MLB), the National Hockey League (NHL), the National Basketball Association (NBA), the players associations for the NFL and the NBA, the American Football Coaches Association (AFCA), the National Association of Basketball Coaches (NABC), FBS Athletics Directors Association, the United States Olympic & Paralympic Committee (USOPC), Team USA Athletes’ Commission (Team USA AC), and National Governing Body Council (NGBC).

Others point out a key fact which handcuffs labor, as the athletes themselves currently do not have the mechanism to unionize nationally. If there were to be a union representing the athletes (and possible sub-divisions of the union by sport and/or by college conference), the parties could enter into Collective Bargaining, and eventually reach an agreement which would serve the athletes with much better care and secure protections for an equal amount of time as the antitrust agreements for the NCAA and schools calls for in years.

No matter if the House takes a line item scissors to the Bill or even if Johnson decides to table the Bill until next year, there will be no changes in the college Football and Basketball operations of 2026-27. Chances are, we’ll be singing the same old college fight song for 2027-28, 2028-29 and 2029-30.


HERE NOW, THE NOTES: “CBS Sports and Tony Romo have mutually agreed to part ways,” CBS Sports wrote in a statement. “We thank Tony for his contributions over the past nine years and wish him the best moving forward.”

Romo was tossed out the door at CBS Sports on Friday about 10 weeks after the broadcaster’s arrest for operating a vehicle while intoxicated. Romo, a former Dallas Cowboys quarterback who had been the network’s lead NFL analyst since 2017, pleaded no contest to the civil charge in a Wisconsin court on Sept. 1.

“JJ Watt will continue to partner with Jim Nantz and Tracy Wolfson on our lead NFL announce team for the rest of the season. All other teams remain the same, including Ian Eagle, Ross Tucker and Evan Washburn.”

“I’m proud of what I accomplished at CBS Sports over the last nine years,” Romo said in a statement. “I approached my role as a game analyst the way I’ve approached everything in my life — with a desire to win and be the best that I can be. I’m going to use this time to take a break, something I’ve never done before, and focus on my health and my family before moving on to my next opportunity. I am grateful for my time with CBS Sports and for the continued support of my family and friends, as well as the NFL community and fans.”

Zeke Battier (Phenom Hoops)

TIDBITS & NUGGETS: Zeke Battier, out of Providence Day (NC) for the Class of ‘27, has committed to play college basketball at Harvard. Eye-brows were up here in Massachusetts as you’d think young Zeke would follow in his father’s footsteps to Duke. Instead, Shane Battier will be a sideline, backseat, parents’ view co-coach to Harvard head coach Tommy Amaker when Zeke debuts at The Ray Lavietes Basketball Pavilion in trhe Fall of ‘27.

Recruiting site Phenom Hoops of North Carolina has this to say: “A strong get for Harvard, as Battier brings an intriguing game but also is one that still has clear potential. Standing at 6-foot-7, Battier brings a fluid overall game, something he has shown for quite some time now. He is comfortable in operating from multiple levels, scoring inside and out in transition, runs the floor, can space the floor well with his perimeter game, but also can attack the rim off the bounce. Again though, he is one that we can clearly see has room for growth at the next level, which will make him an interesting prospect to follow.

“Battier is an exceptional three-point shooter who converts a very high percentage of his looks from beyond the arc. He’s also a smart passer who understands how to make the extra pass or effectively read the floor when attacking closeouts. However, he displayed a visible increase in toughness, creation skills, and ability off the bounce. Battier’s perimeter shooting is still his most valuable weapon, but his newfound confidence as a penetrator and finisher was undeniably intriguing. Having an elite shooter who can reliably attack closeouts and make intelligent decisions is an advantage for legitimately any team. Furthermore, Battier defended multiple positions and utilized his length to be disruptive in the passing lanes.”

SURPRISE! UConn and St. John’s are rated #1 and #2, respectively, by the BIG EAST Conference Coaches in a poll of their own men’s college basketball teams. The Hoyas and the Bulldogs – not so much.

WE’RE LIVE: Despite the burgeoning Sports Management offerings at the undergrad and grad levels of higher learning, there are very few “hands on” text books with first person narratives to hand down the real world experience to students. Joe Favorito’s “Sports Publicity” is already in its Fourth Edition and is a handbook for many a class, covering the Communications and Media side on the major. Now, “We’re Live” can cover the Broadcasting side as NBA broadcasting guru Ed Desser combined with his longtime friend and colleague in ESPN digital and Kosner Sports Media man John Kosner for the ultimate “go to” book for young people seeking to learn more about the very big business of sports media.

Ed Desser (left) and John Kosner at their book launch in Times Square, NYC

“We’re Live” launched this week with a special ‘invite only’ gathering of the very best in NYC sports media legends toasting good fortune to Desser and Kosner.

“Launch day for our book, “We’re Live!” was quite an experience,” Desser told me the day after the event. “Inside the big business of sports media, was magical. On Thursday, we took pictures at our Times Square billboard, watched book sales skyrocket on amazon.com, and had an amazing get together with a “Who’s Who of sports media” to celebrate the book launch.

“Particular thanks to Adam Silver, Marv Albert, and Eric Stern, former NBA Commissioner David Stern‘s son. Also a big shout out to Linda Tosi, David’s former assistant who graced us with her presence.

“There is a void in the marketplace on the subject of sports media business, and we hope to fill it with our book. Further information is available at Werelivebook.com or order a paperback or a Kindle version ($1.99) at amazon.com where it’s listed as #1 in Media and Communications Industry books.


While We’re Young (Ideas) is a weekly (every weekend) collection of Sports Notes and News written by Terry Lyons. The posting of each notebook harkens back to the days when you’d walk over to the city news stand on Saturday night around 10:00pm to pick-up a copy of the Sunday papers. Inside, just waiting, was a compilation of interesting sports notes, quotes and quips in a column that always sold a few newspapers. Wire Service reports are featured within the column.

TL’s Sunday Sports Notes – Brought to you by Digital Sports Desk.

TL

While We’re Young (Ideas) is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Filed Under: NCAA, Sports Business, While We're Young Ideas Tagged With: NCAA, TL's Sunday Sports Notes, While We're Young Ideas

NFL Throws the Book at York

October 3, 2026 by Digital Sports Desk

NEW YORK – (Wire Service Report) – San Francisco 49ers principal owner Jed York has been suspended for six games and fined $500,000 for violating the NFL’s personal conduct policy, the league announced Friday.

York, 46, originally was charged in August with two misdemeanors: engaging in prostitution and possession of criminal tools. The prostitution charge later was amended to disorderly conduct as part of his no-contest plea agreement.

Per the NFL, York is credited with serving three of those games by virtue of steering clear of the 49ers during the league’s investigation. He will serve the next three and is eligible to return on Tuesday, Oct. 20.

“Today, the NFL concluded its review, and I accept its decision in full,” York said in a statement. “To my family, to the players, coaches, and employees of the San Francisco 49ers, to our fans and partners, I am deeply sorry.

“This was an inexcusable mistake and I take full responsibility. What I did does not reflect my values or the man I strive to be for my family.

Filed Under: NFL, Sports Business Tagged With: NFL, San Francisco 49ers, Sports Business

College Sports Act Moves Forward in DC

September 16, 2026 by Digital Sports Desk

WASH DC – (Wire Service Report) – The Protect College Sports Act took a step forward on Tuesday when the U.S. Senate voted 74-24 to move the bipartisan measure closer to a vote of the full body.

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The vote count to invoke cloture easily exceeded the 60 needed to prevent a potential filibuster.

One of the bill’s co-sponsors, U.S. Senator Maria Cantwell (D-Wash.), said ahead of the vote on the Senate floor, “This bill brings order to (college  sports). It helps women and Olympic sports, and it sets up a commission to look at the real future, which I think should include collective bargaining. …

“Let’s bring some sanity. Recognize that athletes do deserve revenue sharing, and that this bill will put that into law for the first time.”

The other co-sponsor is Sen. Ted Cruz (R-Texas).

The multifaceted bill would, among many other items,:

–Nationalize the name, image and likeness policies that are currently different in each state.

–Cap the amount of revenue schools can share with student-athletes at 22%, which currently comes out at $21.5 million.

–Institute a “retention pool” of $27.5 million that would cut down on third-party NIL involvement.

–Ensure athletes could continue to use their scholarships for 10 years following the expiration of their eligibility to pursue a degree.

–Bans schools from pulling scholarships due to an injury or a poor performance.

–Permit athletes one transfer with immediate eligibility at the new school.

–Allow conferences to choose whether to pool media rights revenue.

–Permanently codify the NCAA’s new five-year eligibility rule.

–Stop football coaches from moving to a new school midseason, a provision that is being referred to as the “Lane Kiffin rule” as a nod to the coach who left Ole Miss ahead of last season’s College Football Playoff to take over at LSU.

Should the Senate approve the bill, it then must get the OK from the House of Representatives, where a close vote is expected.

If both chambers pass the Protect College Sports Act, it would move to President Donald Trump for his signature. Trump has said he would sign the bill to make it law.

–Field Level Media

Filed Under: NCAA, NCAA Basketball, NCAA Football, Sports Business Tagged With: College Sports Act, NCAA, NCAA Basketball, NCAA Football

US Open: The Latest Night Show

September 9, 2026 by Digital Sports Desk

FLUSHING MEADOW – (Wire Service Report) – Ben Shelton is New York’s new late-night king.

The eighth-seeded Atlanta native pulled off an upset at the U.S. Open for one of the biggest wins of his career, overtaking the defending champion, second-seeded Carlos Alcaraz of Spain, for a 6-7 (5), 6-1, 6-3, 1-6, 7-6 (7) win in the quarterfinals early Wednesday morning.

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The 4-hour, 28-minute match ended at 3:33 a.m. local time, the latest-ever finish at the U.S. Open. The old record? A 2:50 a.m. finish in the 2022 quarterfinals, when Alcaraz defeated Italy’s Jannik Sinner en route to his first U.S. title.

A large crowd stayed until the end, rooting on the home-country competitor.

‘For me, it’s always about the people in the crowd, whether it’s my coaches and my team over there, all my family and friends over here or the city of New York,’ Shelton said postmatch on court. ‘They showed up tonight until 3 a.m. with the USA chants until the very end. That’s what kept me going and that’s what got me this win tonight. …

‘I always say that this is the greatest sports city in the world. I say that this is the greatest stadium in the world. … I’m just so grateful, so blessed … to be here in front of you (fans) tonight, it’s an absolute honor. Sharing the court with Carlos is an absolute honor, and I cherish every moment I have out here.’

Shelton set up an all-U.S. semifinal, as he will oppose Frances Tiafoe on Friday. The No. 11 seed completed a dramatic comeback on Tuesday, defeating fellow American Alex Michelsen 5-7, 3-6, 7-5, 6-3, 7-6 (6).

The Shelton-Tiafoe winner will be just the second U.S. man to appear in a U.S. Open final over the past 20 years. Taylor Fritz lost the 2024 championship match to Italy’s Jannik Sinner. The last U.S. player to capture the men’s singles crown at Flushing Meadows was Andy Roddick in 2003.

Shelton, 23, is through to his third career Grand Slam semifinal as he seeks his first appearance in a major final. He lost in the semis at the 2023 U.S. Open and the 2025 Australian Open.

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For Alcaraz, the quarterfinal defeat completes a disappointing summer. He won the Australian Open to begin the year but subsequently missed four months due to a wrist injury that kept him out of the French Open and Wimbledon.

Shelton had lost all three of his previous matches against Alcaraz, though the two hadn’t squared off in more than a year.

Earlier, Michelsen built a two-sets-to-love lead at Arthur Ashe Stadium. He served for the victory in the third set before Tiafoe broke and rallied to win three straight games, forcing a fourth set.

‘He’s a hell of a player, and he easily could have won today,’ Tiafoe said in the post-match on-court interview.

After powering through the fourth set, Tiafoe overcame an early three-game deficit to force a fifth-set tiebreak.

The 4-hour, 39-minute marathon finally came to an end when Tiafoe built a 9-6 advantage in the tiebreak and then connected on his winner in front of an energetic crowd.

‘The energy was incredible, as it is always,’ Tiafoe said to the appreciative crowd afterward. ‘You guys were really for me and I really appreciate that.’

Tiafoe, 28, improved to 3-0 against the 22-year-old Michelsen, who acquitted himself well despite the loss.

Michelsen at times showed dominant form with 21 aces. The world’s 46th-ranked player also endured 61 unforced errors, helping to open the door for the Tiafoe comeback.

‘He gave me some gifts, a couple double faults there, but then I slowly, slowly started to get my rhythm there,’ Tiafoe acknowledged.

Tiafoe is headed to his third career major semifinal, all at the U.S. Open (2022, 2024).

–Field Level Media

Filed Under: Sports Business Tagged With: Shelton Wins

Goodell Gets Multi-Million Extension

September 7, 2026 by Digital Sports Desk

NEW YORK – (Staff and Wire Service Report) – The NFL announced Sunday that NFL owners agreed to a four-year contract extension with commissioner Roger Goodell that runs through the 2030 season, ending on March 31, 2031.

The length of the deal is significant because the current collective bargaining agreement between owners and players expires in March 2031.

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One of the main topics to be sorted out between the two parties is the potential introduction of an 18-game regular season. The NFL moved from a 16-game schedule to 17 games in 2021.

Contracts with broadcast partners are also expected to be renegotiated by 2030.

The extension, which was reported last week as certain, is Goodell’s fifth and his first since he signed a three-year deal in October 2023. Goodell, 67, has been NFL commissioner since 2006.

The NFL does not publicly disclose Goodell’s compensation. His most recent reported earnings, for the 2019-2020 and 2020-2021 seasons, were $63.9 million annually.

Owners met in Atlanta last week, but it was reported that a Goodell extension was not discussed. The new deal was announced four days after that owners’ meeting.

“The Compensation Committee notified the full ownership today that an agreement has been reached on a four-season contract extension for NFL Commissioner Roger Goodell through the 2030 League season, ending on March 31, 2031,” the NFL said in a release Sunday.

–Field Level Media

Filed Under: NFL, Sports Business Tagged With: NFL, Roger Goodell

Good Good Golf Went Bad, Bad

September 2, 2026 by PGA Tour Brunch

FRISCO – (Staff and Wire Service Report) – The controversy over an ill-received advertisement promoting a new golf club cost two top Good Good Golf executives their jobs on Wednesday.

The company parted ways with chief executive officer Matt Kendrick and president Joe Flannery, Good Good head of finance and operations Alex Puchala announced.

Puchala’s memo to the company’s staff included, “This is a difficult day for the entire Good Good family. Matt helped build something extraordinary that exceeded all expectations and continues to bring countless new fans to the  sport. What began as a small group of friends playing golf is now a growing global community.”

Nahid Giga, a board member and investor in Good Good, was installed as the interim CEO of the company that began in 2020 as a YouTube channel and rapidly gained popularity as a mainstream golf and lifestyle brand.

Good Good vice president of brand and marketing Jeffrey Lefkovits was fired earlier this week.

Good Good’s troubles began on Aug. 21 with the release of an ad for a driver co-branded with Callaway. The video showed Good Good co-founder Garrett Clark pushing another Good Good personality, Alexis Miestowski, to the ground as she went to pull the club out of his bag. Clark then said, “Do not touch my new driver,” while standing over her.

A swift public backlash, decrying an act of violence against a woman, led to multiple apologies from Callaway and Good Good. Callaway severed its ties with Good Good, which prompted Kendrick to criticize Callaway on social media.

The fallout also led to Good Good no longer serving as the title sponsor of the PGA Tour event scheduled for mid-November in Austin, Texas. Golf Channel canceled a reboot of the “Big Break” show that was to be produced in conjunction with Good Good. Meanwhile, Good Good products were pulled from the shelves of retailers including Dick’s Sporting Goods and Golf Galaxy.

Puchala’s memo added, “We’re encouraged by the continued support of the Good Good community, and we remain focused on moving forward and building the next chapter of the company.”

–Field Level Media

Filed Under: Sports Business Tagged With: Good Good Golf, Sports Biz, Sports Business

Arctos Buys 10% of NFL’s Falcons

August 22, 2026 by Digital Sports Desk

ATLANTA – (Wire Service Report) Arctos Partners is adding a fourth NFL franchise to its portfolio by purchasing a 10% stake in the Atlanta Falcons, Front Office Sports and CNBC reported.

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The private equity firm already owns stakes in the Buffalo Bills, Cleveland Browns and Los Angeles Chargers.

The deal with Arctos includes a $10.6 billion valuation for the Falcons. Arctos will acquire the 10% stake in two stages, starting with a 7.5% stake, according to Sportico. A vote on the transaction is planned for October.

According to NFL rules, a private equity firm can invest in no more than six teams and the maximum stake size is 10%.

Falcons owner Arthur Blank owns about 73% of the team but it is unclear whether his shares are involved in the deal with Arctos, according to Front Office Sports.

Arctos, which is owned by the sports management company KKR & Co. Inc., also holds a stake in several franchises in the NBA, NHL and MLB.

–Field Level Media

Filed Under: NFL, Sports Business Tagged With: Atlanta Falcons, NFL, Sports Business

CBS Sports Mum On Tony Romo

August 11, 2026 by Digital Sports Desk

NEW YORK – (Wire Service Report) – CBS Sports president David Berson expressed concern about the brand’s image but did not offer a timeline for a decision about Tony Romo’s future with the network.

CBS held its NFL Media Day on Tuesday without its lead game analyst present. Romo is on leave due to the aftermath of his July 23 arrest in Wisconsin for allegedly operating a vehicle while intoxicated.

Embed from Getty Images

“It’s an evolving situation and we are still assessing,” Berson told reporters Tuesday in New York. “There is no timetable or final decision at this time.”

A 45-minute bodycam video released by authorities showed Romo telling police he had not been drinking, but they found an open bottle of alcohol in his car, and that was enough for CBS to take him off the air, at least temporarily. The ex-Dallas Cowboys quarterback was later cited for refusing to take an intoxication test after his arrest.

Berson and CBS now must handle questions about Romo’s future in their football coverage plans. CBS has elevated former NFL Defensive Player of the Year J.J. Watt to work aside Jim Nantz in Romo’s place. Tracy Wolfson again will be the sideline reporter for the Nantz crew.

Watt, 37, was the No. 2 analyst for CBS last season, teaming with veteran play-by-play caller Ian Eagle.

“We have to consider the impact on our image and our brand,” Berson said. “That’s very important to us. The focus should be and needs to be on our presentation and this great product and not on any others.

“Fortunately, we have a deep bench and everybody is stepping up.”

Romo, 46, is due in court on Sept. 21, and he likely would not return to the network before then, if he is retained.

Romo was hired by CBS in 2017. He re-signed with the network on a 10-year, $180 million deal that has four years and $72 million remaining.

–Field Level Media

Filed Under: Sports Business Tagged With: CBS Sports, NFL on CBS, NFL Today

Comcast To Air NFL Red Zone

August 11, 2026 by Digital Sports Desk

PHILADELPHIA – (Wire Service Report) – Comcast, the nation’s second-largest cable television provider under the brand Xfinity, has reached an agreement with Disney to lift the current blackout and resume airing the NFL Network and NFL RedZone to its roughly 11 million subscribers in time for the 2026 season.

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Disney owns 72% of ESPN, which took over NFL Media assets earlier this year. Shortly after the takeover, the contract with Comcast expired and the two parties could not reach an immediate deal.

Xfinity TV subscribers have been in the dark since the end of April.

Financial terms of the agreement were not announced. Disney was believed to have demanded higher fees and additional live game broadcasts, but it is unclear whether Comcast agreed to any of those demands.

The NFL Network was launched in 2003 and, as of June 2023, was available in 51.5 million homes across the United States.

NFL RedZone, hosted by Scott Hanson, was launched in September 2009.
–Field Level Media

Filed Under: Boston Sports, Patriots, Sports Business Tagged With: NFL, NFL RedZone Channel

Yanks Secure $2.6b in Private Equity

August 10, 2026 by Digital Sports Desk

BRONX – (Staff and Wire Service Report) – The New York Yankees are receiving $2.6 billion in a deal with the private equity fund Apollo Sports Capital, the team announced on Tuesday.

The huge capital infusion for Yankee Global Enterprises will allow the team to refinance or retire much of its existing debt and then pursue new ventures, according to The Athletic.

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Hal Steinbrenner remains the Yankees’ managing general partner and the Steinbrenner family maintains full control of the historic franchise. Patriarch George Steinbrenner, who died in 2010, led a group of investors that bought the team from CBS for $10 million in 1973.

“We are continually seeking ways to strengthen our positioning, and this partnership allows us to explore pursuing strategic opportunities,” Hal Steinbrenner said in a news release.

An individual private equity fund can hold no more than a 15 percent stake in a club under the rules of Major League Baseball. The exact percentage of Apollo’s stake was not announced. Forbes’ annual list of MLB franchise valuations listed the Yankees at $8.5 billion in March.

In addition to the baseball team, Yankee Global Enterprises’ assets include the YES Network and stakes in MLS club New York City FC and Italian soccer team AC Milan, all of which could benefit from the new money.

Apollo Sports Capital is a branch of Apollo Global Management, a New York-based firm with nearly $1 trillion in assets under management. Apollo became the majority stakeholder of Spanish soccer power Atletico Madrid in 2025.

–Field Level Media

Filed Under: MLB, Sports Business Tagged With: New York Yankees, YES Network

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The Question (Elephant in the Room?) - How did he get a visa to play for the Ontario/SD Clippers G-League, but can't get entry now? Asking for a friend.

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Djordije Jovanovic will reportedly not join the St. John's men's basketball team. The Montenegrin forward was unable to obtain a visa and he will remain with his professional club KK Buducnost.

Read more below (#SJUBB):
https://www.rumbleinthegarden.com/st-johns-red-storm-mens-basketball/25183/st-johns-red-storm-mens-college-basketball-djordije-jovanovic-visa-issues-recruiting

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2 months ago

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5 months ago

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