Sports

Manchester United set to confirm 25% stake sale to petrochemicals billionaire Ratcliffe: Report

LONDON — Manchester United will next week announce that British petrochemicals billionaire Jim Ratcliffe will take a 25% stake in…

Mark Cuban says ‘no plans’ to run for president in 2024 on heels of Dallas Mavericks deal

Mark Cuban, fresh off the news that he is selling a majority stake in the Dallas Mavericks to the mega-Republican…

Goldman Sachs paid pro golfer Patrick Cantlay more than $1 million annually, sources say

Goldman Sachs paid professional golfer Patrick Cantlay more than $1 million annually in a sponsorship deal linked to the bank’s…

‘Funflation’ drives sporting event ticket prices up a whopping 25%

Dan Hornberger has been a fan of the National Football League’s Philadelphia Eagles for as long as he can remember.…

‘Fraud is fun’ DraftKings teen hacker pleads guilty in fantasy sports betting theft

A Wisconsin teenager pleaded guilty Wednesday in New York federal court to conspiracy in connection with a scheme to hack…

PGA Tour says it will offer players equity ownership after it seals deal with investors

The PGA Tour said Tuesday it will begin to offer professional players direct equity ownership in the new company that…

Adidas shares climb after boost from Yeezy sales, guidance raise

Adidas on Tuesday hiked its full-year guidance and posted stronger-than-expected third-quarter earnings, aided by sales of its Yeezy inventory. The…

Jets owner Woody Johnson is privately lobbying GOP megadonors to donate to Trump’s campaign

Billionaire and New York Jets owner Woody Johnson is part of a very small group within former President Donald Trump’s…

DraftKings apologizes for 9/11 sports bet promo on New York teams

Sports gambling giant DraftKings apologized Monday for a bet parlay offer that would have paid out if three New York…

Sixth Street — which manages more than $70 billion — is betting big on sports teams and live events

(Click here to subscribe to the Delivering Alpha newsletter.) “It’s very difficult to buy a sports team and lose money,” Carlyle Co-Founder…