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SlamBall: Tickets On Sale for Las Vegas

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LAS VEGAS – (Staff Report from Official News Release) – The organizers of SlamBall are selling tickets for 2023 SlamBall League Series 6, which includes 30 sessions over four consecutive weekends beginning on Friday, July 21 (7 p.m. ET / 4 p.m. PT, ESPN). Tickets are now available at https://www.unlvtickets.com/eventInfo/spe/840/slamball with all games held at Cox Pavilion on the campus of University Nevada Las Vegas. Information on playoff tickets will be announced at a later date.

Tickets are priced at $30 for daily general admission, $50 for reserved and $125 for a limited number of VIP tickets, including post-game, on-court experiences with players and coaches.

Each competition day will feature two sessions of three games per session, with four teams battling in each session and all eight teams competing each night. The winners of the first two games of each session will then meet in the Main Event to determine the winner of the session.

SlamBall previously noted that ESPN, ESPN2 and ESPN+ will combine to televise more than 60 hours of regular season action and all playoff games, including the SlamBall Finals as part of an exclusive, two-year national broadcast partnership for the 2023 and 2024 seasons.

“Las Vegas has emerged as a sports mecca, and we take great pride in being a distinctive addition to the city’s thriving sports scene,” said Mason Gordon, SlamBall creator and co-founder. “SlamBall is a sport that truly comes alive when experienced in person. There is simply nothing else comparable. The games are a thrilling display of non-stop, high-speed action from end to end, showcasing the extraordinary athleticism of our players. Being just a few feet away allows you to fully appreciate their remarkable skills. And we designed the schedule to make sure SlamBall fans can witness every team and player every night.”

Opening night will feature a battle between legacy teams MOB, led by Gage Smith (Elizabeth, CO) against the Rumble and its top star Bakari Copeland (Decatur, GA) and legendary Coach Ken Carter. Other games on Opening Night include the Slashers with captain Tony Crosby II (Inglewood, CA.) vs. Lava with Bryce Moragne (Tampa, FL) and Nathaniel Harris (Hammond,IN); Wrath with Christian Gray (Riverside, CA) vs. Gryphons and Justin Holmes (Roseville, CA); and Ozone with Bryan Bell-Anderson (Sarasota, FL) vs. Buzzsaw and Michael Kolawole (Rowlett, TX).

In the ensuing weeks, matchups will be announced several days prior to each week’s sessions, which following opening weekend will be held each Thursday, Friday, Saturday and Sunday through August 13. Each regular season competition date will feature two sessions, with all eight squads taking the court each night.

The full schedule, subject to change, with session start times and TV coverage is as follows:

📺 Regular Season (two sessions per date, all times PT):

• Fri, July 21, 4 p.m., ESPN
• Fri, July 21, 6:30 p.m., ESPN+
• Sat, July 22, 5 p.m., ESPN+
• Sat, July 22, 7:30 p.m., ESPN+
• Sun, July 23, 2:30 p.m., ESPN+
• Sun, July 23, 5 p.m., ESPN+
• Thu, July 27, 5:30 p.m., ESPN+
• Thu, July 27, 8 p.m., ESPN
• Fri, July 28, 5 p.m., ESPN+
• Fri, July 28, 7:30 p.m., ESPN+
• Sat, July 29, 5 p.m., ESPN+
• Sat, July 29, 7:30 p.m., ESPN+
• Sun, July 30, 2:30 p.m., ESPN+
• Sun, July 30, 5 p.m., ESPN+
• Thu, August 3, 5:30 p.m., ESPN+
• Thu, August 3, 8 p.m., ESPN2
• Fri, August 4, 5 p.m., ESPN+
• Fri, August 4, 7:30 p.m., ESPN+
• Sat, August 5, 5 p.m., ESPN+
• Sat, August 5, 7:30 p.m., ESPN+
• Sun, August 6, 2:30 p.m., ESPN+
• Sun, August 6, 5 p.m., ESPN+
• Thu, August 10, 5:30 p.m., ESPN+
• Thu, August 10, 10 a.m., ESPN2
• Fri, August 11, 5 p.m., ESPN+
• Fri, August 11, 7:30 p.m., ESPN+
• Sat, August 12, 5 p.m., ESPN+
• Sat, August 12, 7:30 p.m., ESPN+
• Sun, August 13, 2:30 p.m., ESPN+
• Sun, August 13, 5 p.m., ESPN+

🏆 Playoffs
• Tue, August 15, SlamBall Playoffs, TBD, ESPN+
• Thu, August 17, SlamBall Championship Game, 8 p.m., ESPN2

For more information about SlamBall visit http://www.slamballleague.com.

New Pro Hockey League for Women

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LOS ANGELES – (Staff Report from Official News Release) – A new professional hockey league, featuring the world’s best women’s players, will launch in January 2024.

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The new league was announced today by business and philanthropic leaders Mark and Kimbra Walter, sports icon Billie Jean King, and Premier Hockey Federation (PHF) Governors Johanna and John Boynton. The league will be supported financially by the Walters and led by board members including King, sports executive Ilana Kloss, and Los Angeles Dodgers President Stan Kasten.

The new league has acquired assets of the PHF and has spent months negotiating a collective bargaining agreement with the Professional Women’s Hockey Players Association (PWHPA). These actions will enable the new league to move forward in unprecedented ways. The new league will undertake a thorough and equitable process to ensure that it features the best women’s hockey players in the world.

“I have always believed that professional sports should bring the highest levels of performance and organization, and this new league will have the backing and resources it needs to represent the very best of women’s hockey,” said Mark Walter, who is the controlling owner of the Dodgers and the WNBA’s Los Angeles Sparks, co-general partner of the ownership group of the Premier League’s Chelsea Football Club and holder of a significant interest in the NBA’s Los Angeles Lakers.

“This is an extraordinary opportunity to advance women’s sports,” said King. “I have no doubt that this league can capture the imagination of fans and a new generation of players. I want to thank Mark and Kimbra Walter for their vision and commitment to investing in women’s sports.”

“This is another step forward for the women who play professional hockey and the girls who dream of it every day,” Johanna Boynton said. “The PHF has been a game-changer and catalyst for growth in the women’s professional game. Today’s announcement builds on this foundation, represents a shared vision for one new league, and reaffirms our belief that collective and collaborative leadership is in the best interest of women’s professional hockey.”

“I celebrate this transformational moment for women’s professional hockey,” said Kasten, who represented the Walters in both transactions. “I thank Jayna Hefford, Kendall Coyne Schofield and the PWHPA player bargaining committee, Johanna and John Boynton and their partners at the PHF, and PHF Commissioner Reagan Carey for their essential roles in this historic accomplishment.”

“This new league will be unlike anything we have seen in women’s hockey,” said Honoured Member of the Hockey Hall of Fame and PWHPA lead, Jayna Hefford. “I am inspired by this generation of players who are redefining the sport. We will create dreams and opportunities for girls and women around the world for decades to come.”

“I am extremely proud of our PWHPA group, which has remained committed to our vision and steadfast in our efforts to change the landscape of women’s professional hockey forever,” said Coyne Schofield. “Over the past four years, we have worked tirelessly to close the gap on what young girls and boys could dream to become in this sport.”

“This effort is the most significant development in our game since women’s ice hockey became an Olympic sport 25 years ago,” said Carey. “Players, fans, past pioneers, and future generations deserve to see the best athletes come together to elevate professional women’s hockey as never before.”

CFP’s Hancock To Retire in 2025

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IRVING, Texas – (Staff Report from Official News Release) – College Football Playoff Executive Director Bill Hancock announced that he will step down when his contract expires February 1, 2025.
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“My time at the CFP has been a dream come true,” said Hancock, 72, who will be entering his 19th season working in post-season football this fall. “I cherish what I do and the folks I get to work with. And I do love college football. Now I will run through the tape, as the track coaches say, and then I will enjoy whatever next steps are waiting for (his wife) Nicki and me.”
Hancock was named executive director of the CFP a few months after the event was created in 2012. He was the only CFP employee at the time. The leaders of the 10 Football Bowl Subdivision conferences and Notre Dame directed him to finalize the details of a media rights agreement, negotiate agreements with bowl games and championship-game host cities, build a staff, find office space, contact members to serve on the selection committee, and draft protocol and procedures for the committee to use.
The result has been nine enormously successful years for the CFP so far.
The CFP is slated to expand from four to 12 teams after the 2023-24 season.
“The plan was established several years ago for me to notify the CFP Board of Managers a year in advance if I decided to step aside, in order to provide ample time to plan a smooth transition to the next executive director,” Hancock said.
“I’m advising the board now, so the new executive director will have a long on-ramp, as he or she prepares to guide the CFP into the 12-team era.”
“Everyone who is blessed to work with Bill knows he is a highly skilled administrator, strong leader and truly good person. He’s a legend in college sports,” said Mississippi State University President Mark E. Keenum, the chairman of the CFP Board of Managers. “We were sorry when Bill told us about his and Nicki’s decision, but we are so grateful for his service in getting the CFP started and carrying it through the first nine years—10 after next year.”
Hancock will remain in his current duties through the 2023-2024 season.

Scouts Sue MLB for Age Discrimination

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LOS ANGELES – (Staff and Wire Service Report) – A group of former Major League Baseball scouts sued commissioner Rob Manfred, the league office and all 30 teams on Wednesday, contending age discrimination, the Los Angeles Times reported.

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The suit was filed in U.S. District Court in Denver and contends MLB “blacklisted” older scouts and used the pandemic and the trend toward analytics as a “pretext for coordinated and systemic discrimination based on age.”

The lawsuit alleges MLB and the teams violated the federal Age Discrimination in Employment Act and age discrimination laws in 12 states.

“We believe the commissioner and the owners colluded to eliminate veteran personnel because of salaries,” Rick Ingalls, who was a scout for 37 years, told the Times.

Named as plaintiffs in the suit are 17 former scouts between the ages of 55 and 71. All but one had at least 24 years’ experience. The plaintiffs are seeking class-action status that could grow the case to involve more than 100 “older” scouts and a request for at least $100 million in lost wages and damages.

Per the Times, the suit contends that MLB stopped posting notices when scouts became available to hire, listed older scouts who shouldn’t be hired and used the pandemic as “an opportunity to terminate an entire class of older employees.”

Ingalls told the Times that some of the scouts are in financial straits.

“These guys, when they’re let go, they’re not given a year of severance, they have no health insurance, no paycheck,” Ingalls said. “A lot of guys who are 55-60 when they’re fired can’t take pensions without penalties until they’re 65. They can’t get social security until they’re 62. They have no health insurance.

“A lot of these guys who we’re fighting for are losing their homes. They have kids, and the cost of [health] insurance is off the charts.”

–Field Level Media

SlamBall is Back; ESPN OnBoard

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ESPN Platforms to Carry More Than 30 Hours of Live Action in 2023, Starting Opening Night, July 21, from 7 to 9 p.m. ET on ESPN

LAS VEGAS/BRISTOL, Conn – (Staff Report from Official News Release) –

SlamBall is Back and ESPN – the worldwide leader in sports – is onboard for the ride, coming this July.

SlamBall, the fast-paced, gravity-defying sport that combines elements of basketball, football, hockey and trampolines, today announced an exclusive, two-year national broadcast partnership with ESPN for the 2023 and 2024 seasons.

The broadcasting partnership begins on Opening Night, as SlamBall relaunches live action from its home-base in Las Vegas on July 21 from 7-9 p.m. ET.  ESPN, ESPN2 and ESPN+ will combine to air more than 30 hours of live SlamBall programming across five weekends, culminating August 17-19 with the SlamBall Playoffs and SlamBall Championship Game.

All games will be played at Cox Pavilion in Las Vegas, with ticket sales beginning on June 27.

“ESPN’s multi-year commitment to SlamBall is further validation of the enormous appeal and growth potential of our sport,” said SlamBall creator and CEO Mason Gordon. “The level of interest in our hybrid team sport not just in the United States, but across the world, has been beyond our expectations for the 2023 season. It’s clear that this best talent we have had in the sport’s history.”

“Mason and I couldn’t help but respond to the #BringBackSlamBall clamor,” said SlamBall co-founder Mike Tollin. “Live sports dominate the airwaves these days and audiences are looking for the next big thing. It’s a thrill to collaborate with ESPN in bringing this ground-breaking sport back to the world.”

“SlamBall is a league that combines elements of some of our fans’ favorite sports, resulting in a unique game that’s sure to entertain viewers across ESPN’s platforms.” said Ashley O’Connor, Sr. Director, Programming & Acquisitions at ESPN.

The broadcast team, production details, and full broadcast schedule will be announced in the weeks to come.

SlamBall has a long-term partnership with global premium experiences company Legends to provide e-commerce and on-site event retail; global, data-driven partnership strategy and execution; and business intelligence with actionable insights to drive revenue across all areas of the league.

David Levy at Horizon Sports and Experiences is providing additional sponsorship sales support in the 2023 and 2024 seasons.

SlamBall recently closed an $11 million Series A round led by Roger Ehrenberg’s IA Sports Ventures and Eberg Capital (Owner and Advisory Board Member, Miami Marlins, Betr, Simplebet) with participation from strategic investors across sports, gaming, entertainment, and media.

Strategic investors include David Blitzer (Harris Blitzer Sports & Entertainment, Cleveland Guardians, Crystal Palace), David Adelman (76ers, NJ Devils), Michael Rubin (Fanatics), Gary Vaynerchuk (VaynerX, Major League Pickleball), and Blake Griffin (Boston Celtics power forward and six-time NBA All-Star).

Additional investors include: Kevin Nagle (Sacramento Kings), Lloyd Danzig (Sharp Alpha), Legends, Brian Lovell (Red Games), Jesse Sharf (Gibson Dunn), Accelerate Sports, and Eric Manlunas (Wavemaker Partners). Accelerate Sports provided investment banking services for the round.

Originally staged in 1999 by founders Mason Gordon and Mike Tollin, SlamBall is a one-of-a-kind sports and entertainment property with a rich history of success in the United States and in markets around the world.

It is a compelling hybrid combination of the best elements of basketball, football, and ice-hockey, infused with the essence of a video game come to life. The new, enhanced league, which includes partner Tom Penn, founder of LAFC, is set for its full comeback in the summer of 2023. Amid the current resurgence of interest in alternate sports, the hashtag #BringBackSlamBall has garnered more than 200 million views on social media, offering a powerful foundation of fandom for the sport’s revival.

For additional information, visit https://slamballleague.com/

Nuggets Open as NBA Faves in 2024

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LAS VEGAS – Fresh off capturing the first NBA championship in franchise history on Monday, the Denver Nuggets were installed by sportsbooks as favorites or co-favorites to repeat as champions.

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The Nuggets closed out the NBA Finals in Game 5, defeating the visiting Miami Heat 94-89 to end the best-of-seven series. Finals MVP Nikola Jokic amassed 28 points and 16 rebounds in the title-clinching win.

DraftKings listed Denver as a +500 favorite to win the championship again in 2024. The nearest followers per DraftKings are the Boston Celtics (+550), the Milwaukee Bucks (+650) and the Phoenix Suns (+850).

FanDuel posted Denver and Milwaukee as co-favorites at +460. The Celtics (+500) and the Suns (+700) are the only other teams with odds better than +1200, which is the number listed for both the Golden State Warriors and the Philadelphia 76ers.

BetMGM has the Nuggets at +500, followed by the Celtics (+550), the Bucks (+600) and the Suns (+850).

Others among the favorites according to FanDuel are the Cleveland Cavaliers (+1900), the Los Angeles Lakers (+1900), the Los Angeles Clippers (+2100), the Heat (+2500), the Dallas Mavericks (+2700) and the Memphis Grizzlies (+3000).

Per DraftKings, the other favorites aside from the top four are the Lakers (+1200), the Warriors (+1200), the 76ers (+1300), the Mavericks (+1300), the Clippers (+1500), the Heat (+1800) and the Grizzlies (+1900).

BetMGM’s other top contenders are Dallas, Golden State and the Lakers, all at +1200; the Clippers and Philadelphia, both at +1400; and Memphis and Miami, both at +2000.

The biggest longshots according to FanDuel are the Charlotte Hornets, Utah Jazz, Orlando Magic, Indiana Pacers, San Antonio Spurs, Houston Rockets and Detroit Pistons, all at +50000. DraftKings has the Hornets at +40000 and the Pistons alone at the bottom at +50000, while BetMGM has Charlotte and Detroit bringing up the rear at +50000.

Neither of this year’s finalists were among the top five favorites in odds posted right after the Golden State Warriors won the 2022 NBA Finals.

NBA Finals TV Ratings Tick Downward

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BRISTOL, Conn – (Staff Report from ABC, ESPN and TNT averaged 5.47 million viewers per game during the NBA playoffs, the most-watched playoffs in five years, the networks announced Tuesday.

As for the NBA Finals, ABC brought in an average of 11.64 million viewers — a decrease from 2022, when a six-game series between the Golden State Warriors and Boston Celtics averaged 12.402 million.

The 2023 Finals concluded Monday night with the Denver Nuggets defeating the Miami Heat in five games for their first NBA title in franchise history.

Game 5 averaged 13.084 million viewers, according to Nielsen. That was a four-year high, slightly beating out than last year’s NBA Finals Game 5 between the Warriors and Celtics (13.016 million).

Though Denver and Miami are large markets with teams in all four major North Americans sports leagues, some skeptics believed a Nuggets-Heat series would not garner as much interest as a potential matchup between the Celtics and the Los Angeles Lakers, historic rivals who each lost in their respective conference finals.

Denver led the nation with an average household rating of 21.55 for the length of the series, according to the blog Sports TV Ratings.

PGA Tour & LIV Golf = Partners Forever?

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By TERRY LYONS

BOSTON – From the perspective of a present day columnist and former PR practitioner there’s a problem when a press release – dropped out of thin air – has been written by the lawyers.

Yes, this week, the good folks at the PGA Tour and LIV Golf decided to drop a little news on the sports world. They did so with an early morning news release that was grabbed by CNBC News, questioned as to its validity by The Dan Patrick Show a few minutes after 9:00am on the morning of June 6, 2023. It was verified by this publication when the third source was the homepage of PGATour.com itself.

You’d have thought they were trying to bury the story in quick sand.

From this columnists’ viewpoint, the news release had these qualities, of lack thereof:

  1. It was a major story but dropped on the global media as if it were a minor story, ready to be put out with the trash.
  2. It created more questions than it provided answers.
  3. After it was issued, instead of one solid spokesperson (a la PGA Tour Commissioner Jay Monahan), it prompted conflicting commentary from a minimum of six people, including: PIF Governor Yasir Al-Rumayyan, players such as Phil Mickelson (LIV), Rory McIlroy (PGA Tour), and PGA TOUR Policy Board member Jimmy Dunne.
  4. Every player hitting golf balls at the Pro-Am and practice rounds at the RBC Canadian Open was thrust into a barrage of questions – most Tour members left not knowing exactly what was going down.
  5. LIV Golf Commissioner Greg Norman was apparently “caught by surprise” and unavailable.
  6. The news release ended with a paragraph that said nothing and everything about the announcement. It read: “All parties will work in the months to come to finalize terms of the agreement, with details to be announced in due course.”

Ya think?

Here are just a few storylines created – including business reporters digging into the Tour’s longtime structure and Congress diving into the study as well – as the story advanced and more and more people felt the need to comment:

  1. Saudi Arabia’s Public Investment Fund which oversees LIV Golf and dozens of investments in sports and acquiring talent to play in Saudi-based sports interests will potentially invest in the PGA Tour as an exclusive investor. The PGA Tour is currently registered as a charity with separate business arms. The Tour has four related 501(c)(3) organizations—PGA Tour Charitable & Education Fund, PGA Tour Charities Inc, PGA Tour Employees Emergency Relief Fund and Pro Caddies Assistance Foundation—whose assets cannot be transferred to any for-profit entity.
  2. According to Laura Neal, Senior Vice President of the PGA Tour, as told to “InsideSources” that the PGA Tour organization “is a membership-based nonprofit” that complies with IRS rules, including making large charitable donations. A securities industry executive called the Tour a walking contradiction as its core business is registered with the IRS as a ‘business league’ but operates under nonprofit status. As has been reported over the years, that status allows the PGA to avoid hundreds of millions in taxes over the last few decades as its stages tournaments in locales where volunteers help stage the tournament and a significant dollar amount is targeted towards local charities in the city of each tournament. That has resulted in the PGA Tour donating some $3.64 billion to charity. (Way back in 2013, Forbes examined the PGA Tour structure – (link)
  3. It was said – prominently in the “news” release that “separately, PGA TOUR Inc. will remain in place as a 501(c)(6) tax exempt organization and retains administrative oversight of events for those assets contributed by the PGA TOUR, including the sanctioning of events, the administration of the competition and rules, as well as all other “inside the ropes” responsibilities, with Jay Monahan as Commissioner and Ed Herlihy as PGA TOUR Policy Board Chairman. PIF’s Governor Yasir Al-Rumayyan will join the PGA TOUR Policy Board. The DP World Tour and LIV Golf will retain similar administrative oversight of events on their respective Tours.”
  4. It was said a few days after the “news” broke that “the loyal” PGA Tour players would “get equity” in the new structure. Seemingly, that would be a “make-good” for the loyal players who turned down the tens of millions and multi-million offers to jump ship and play a year of 54 (LIV) golf.
  5. The Wall Street Journal and other media outlets, it was said that the PGA Tour claimed “it could not afford to keep battling the billions of dollars PIF could place behind LIV Golf and its continuing efforts to lure more players to the renegade tour.
  6. Commissioner Monahan reportedly told employees of the Tour that they “were outmatched” by the Saudi investments.
  7. On Friday, PGA Tour honcho Jimmy Dunne felt it necessary to explain some of the intricacies of the new deal to ESPN.com, stating, “The new [company] would grow, and the [current PGA Tour] players would get a piece of equity that would enhance and increase in value as time went on,” Dunne said. “There would have to be some kind of formulaic decision on how to do that. It would be a process to determine what would be a fair mechanism that would be really beneficial to our players.”
  8. Other players started getting into the act, most notably Bryson DeChambeau said, “I do feel bad for the PGA Tour players because they were told one thing and something else happened. On our side, we were told one thing and it’s come to fruition.” DeChambeau went on to address the deepest of issues in the relationship of the sport of golf to the 9/11 Families United, stating to CNN’s Caitlin Collins in a live, two-way interview, “I think we’ll never be able to repay the families back for what exactly happened just over 20 years ago and what happened is definitely horrible,” said DeChambeau. “I think as time has gone on, 20 years has (sic) passed, we’re in a place now where it’s time to start trying to work together to make things better together as a whole. I don’t know exactly what they’re feeling. I can’t ever know what they feel, but I have a huge amount of respect for their position and what they believe. Nor do I ever want anything like that to ever occur again. I think as we move forward from that, we have to look toward the pathway to peace and forgiveness, especially if we’re trying to mend the world and make it a better place. I think this is what they’re trying to accomplish, LIV is trying to accomplish, PIF is trying to accomplish. We’re all trying to accomplish a better world for everybody with entertainment for everybody around the world.
  9. DeChambeau was asked by Collins about human rights violations and the CIA verified killing of journalist Jamal Khashoggi in Istanbul, an act that Saudi Crown Prince Mohammed bin Salman ordered for assassination of the provocative and critical journalist. “It’s unfortunate what has happened and something I can’t necessarily speak on. I’m a golfer,” DeChambeau added. “But what I can say is that what they’re trying to do, what they’re trying to work on is to be better allies because we are allies with them. I’m not going to get into politics, I’m not specialized in that. What I can say is they’re trying to do good for the world and showcase themselves in a light that hasn’t been seen in a while. Nobody’s perfect, but we’re all trying to improve in life,” said the man who pocketed $150 million in a signing bonus to play LIV Golf.
  10. Said Vox’ Jonathan Guyer on the overall impact and resulting aspect of the (PGA Tour claims not to call it a) merger: “The golf course is perhaps not the arena that immediately comes to mind when you’re thinking about geopolitics. But with one proposed golf business deal, Saudi Crown Prince Mohammed bin Salman, known as MBS, just hit the geopolitical equivalent of a hole-in-one.”

And, so, the story goes.

See you at next week’s U.S. Open in Los Angeles where there will be more than 100 new spokespeople for the continuing saga of “How the PGA Tour & LIV Worlds Turn.” Surely, the USGA is thrilled with the consequences of staging a major 10 days after the world of professional golf was turned inside out, upside down and sideways without any clear path made public.

After all, nobody’s perfect, right?

Boston-Based Rithmm Raises $2 Million

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BOSTON – (Staff Report from Official News Release) –  Rithmm, Inc., a Boston-based start-up specializing in AI-driven sports betting technology, closed on a $2 million seed funding round.

The funding round was led by prominent investors, including Boston Seed Capital, Counterview Capital, Oyster Ventures, Correlation Ventures, Service Provider Capital, and Permit Ventures. This significant capital infusion will propel the company’s expansion and enable the launch of its NFL product, while further enhancing the platform’s capabilities and empowering sports bettors worldwide.

Rithmm developed an innovative sports betting platform that leverages the power of advanced analytics with an intuitive user interface, enabling sports bettors to build custom analytical models easily and use them to make smarter and more informed betting decisions.

The platform eliminates the complexity and barriers associated with traditional sports betting analytics, making it accessible to users of all skill levels.

“This timely infusion of capital will play a pivotal role in propelling our technology forward, enabling us to broaden our reach with an eagerly awaited NFL product and providing our users with an unparalleled sports betting experience,” said Megan Lanham, CEO of Rithmm.

“We believe that Rithmm is poised to disrupt the industry by providing users with advanced analytics and insights previously reserved for professional sports bettors,” said Peter Blacklow, Managing Director at Boston Seed Capital. “Their AI-driven platform has the potential to level the playing field and transform the way sports bettors approach strategy. We are thrilled to support Rithmm in their mission to redefine the sports betting experience.”

Pro Golf: LIV and Let Die

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NEW YORK/RIYADH/PONTE VEDRA BEACH – Staff Report with references from Official News Release – In a move to reunite the disparate and desperate worlds of professional golf, the feuding entities of the touring pro golf circuits reached agreement to unify the business of golf.

In an early morning news release sent to the tour’s media contacts and posted on PGATour.com then reported publicly by CNBC-TV, the PGA Tour and LIV tour seem to be merging after the 2023 season. Although the news release was vague and noted much to come as details are worked out in the future, the remaining concept to become a part of the regular golf scene will be “team golf.”

The agreement will end all pending litigation between LIV and the PGA Tour.

The face-saving news release for LIV golf read as follows:

The PGA Tour, DP World Tour and the Public Investment Fund announced an agreement to unify the game of golf, on a global basis. The parties have signed an agreement that combines PIF’s golf-related commercial businesses and rights (including LIV Golf) with the commercial businesses and rights of the PGA TOUR and DP World Tour into a new, collectively owned, for-profit entity to ensure that all stakeholders benefit from a model that delivers maximum excitement and competition among the game’s best players.

In addition, PIF will make a capital investment into the new entity to facilitate its growth and success. The new entity – with a name to be determined – will implement a plan to grow these combined commercial businesses, drive greater fan engagement and accelerate growth initiatives already underway. With LIV Golf in the midst of its second, groundbreaking season, the PGA TOUR, DP World Tour and PIF will work together to best feature and grow team golf going forward.

Notably, today’s announcement will be followed by a mutually agreed end to all pending litigation between the participating parties. Further, the three organizations will work cooperatively and in good faith to establish a fair and objective process for any players who desire to re-apply for membership with the PGA TOUR or the DP World Tour following the completion of the 2023 season and for determining fair criteria and terms of re-admission, consistent with each Tour’s policies.

“After two years of disruption and distraction, this is a historic day for the game we all know and love,” said PGA TOUR Commissioner Jay Monahan. “This transformational partnership recognizes the immeasurable strength of the PGA Tour’s history, legacy and pro-competitive model and combines with it the DP World Tour and LIV – including the team golf concept – to create an organization that will benefit golf’s players, commercial and charitable partners and fans. Going forward, fans can be confident that we will, collectively, deliver on the promise we’ve always made – to promote competition of the best in professional golf and that we are committed to securing and driving the game’s future.

“We are pleased to move forward, in step with LIV and PIF’s world-class investing experience, and I applaud PIF Governor Yasir Al-Rumayyan for his vision and collaborative and forward-thinking approach that is not just a solution to the rift in our game, but also a commitment to taking it to new heights. This will engender a new era in global golf, for the better.”

“Today is a very exciting day for this special game and the people it touches around the world,” said PIF Governor Yasir Al-Rumayyan. “We are proud to partner with the PGA Tour to leverage PIF’s unparalleled success and track record of unlocking value and bringing innovation and global best practices to business and sectors worldwide. We are committed to unifying, promoting and growing the game of golf around the world and offering the highest-quality product to the many millions of long-time fans globally, while cultivating new fans.

“There is no question that the LIV model has been positively transformative for golf. We believe there are opportunities for the game to evolve while also maintaining its storied history and tradition. This partnership represents the best opportunity to extend and increase the impact of golf for all. We look forward to collaborating with Jay and Keith to bring the best version of the game to communities around the world.”

Under the terms of the agreement, the Board of Directors of the new entity will oversee and direct all the new entity’s golf-related commercial operations, businesses and investments. The new entity will work to ensure a cohesive schedule of events that will be exciting for fans, sponsors and all stakeholders. PIF will initially be the exclusive investor in the new entity, alongside the PGA Tour, LIV Golf and the DP World Tour. Going forward, PIF will have the exclusive right to further invest in the new entity, including a right of first refusal on any capital that may be invested in the new entity, including into the PGA Tour, LIV Golf and DP World Tour. The PGA Tour will appoint a majority of the Board and hold a majority voting interest in the combined entity.

Separately, PGA Tour Inc. will remain in place as a 501(c)(6) tax exempt organization and retains administrative oversight of events for those assets contributed by the PGA Tour, including the sanctioning of events, the administration of the competition and rules, as well as all other “inside the ropes” responsibilities, with Jay Monahan as Commissioner and Ed Herlihy as PGA Tour Policy Board Chairman. PIF’s Governor Yasir Al-Rumayyan will join the PGA Tour Policy Board. The DP World Tour and LIV Golf will retain similar administrative oversight of events on their respective Tours.

The Board of Directors of the new commercial entity will include Al-Rumayyan as Chairman and Monahan as Chief Executive Officer; the new entity’s Board will also include an Executive Committee comprising Al-Rumayyan, Monahan, Herlihy and PGA TOUR Policy Board member Jimmy Dunne. The full Board will be announced at a later date, and it is anticipated that all three founding members will have representation.

Keith Pelley, Chief Executive of the DP World Tour, said “This is a momentous day. We are delighted to be able to not only reignite our relationship with PIF, but also to have the opportunity to build on our current Strategic Alliance partnership with the PGA Tour. Together we will be stronger than ever and well positioned to continue to bring the game to all corners of the globe. To partner in this new entity and influence the growth of the game for all our DP World Tour members is energizing and exciting.”

All parties will work in the months to come to finalize terms of the agreement, with details to be announced in due course.