Miami Marlins Sold For $1.2 Billion
The journey to find a buyer for the Miami Marlins seems to have come to an end, as an investor group led by Derek Jeter and Bruce Sherman has reportedly reached a handshake agreement to purchase the c...
Estimating the Paydays From The Floyd Mayweather vs Conor McGregor Fight
The Conor McGregor vs Floyd "Money" Mayweather fight is now less than three weeks away. The fight between Floyd Mayweather and Manny Pacquiao brought in an estimated $600 million in total revenues...
Former MLB Commissioner Fay Vincent: Legalized Sports Betting Is Coming
Franchise values in all four of the major North American sports leagues (especially the NBA and NFL) have soared into the stratosphere in recent years. The main reason? TV rights deals, which have...
Record Soccer Transfers: £10 Million to £198 Million in 15 Years
In 1992, AC Milan paid Marseille £10 million for the transfer of Jean-Pierre Papin. At the time, this was the biggest transfer ever paid for a player in any league throughout the world. In 2...
More NBA Teams Inking Jersey Ad Deals
The NBA, which is flush with cash after signing a very lucrative national TV deal, is looking to cash in on another revenue stream - jersey advertising deals. In soccer leagues around the world, j...
Will LeBron James Depart Cleveland Once Again?
This has not been a great offseason for fans of the Cleveland Cavaliers. To start, the team's former General Manager, David Griffin, was fired after failing to pull off deals for Jimmy Butler and ...
Houston Rockets Likely To Fetch $2 Billion+ In Sale Process
Leslie Alexander, the owner of the Houston Rockets, announced earlier this week that he was putting the franchise up for sale. Alexander, who purchased the Houston Rockets for $85 million more tha...
A Look At James Harden's "Supermax" Contract
In July of 2017, James Harden of the Houston Rockets signed a "supermax contract" via the Designated Veteran Player Extension. As part of the new NBA CBA (Collective Bargaining Agreement), teams will ...
Snapchat's Parent Company Cracks Following Morgan Stanley Downgrade
We made a mistake. This is essentially what Morgan Stanley had to say about Snap Inc., the parent company of Snapchat, earlier today when they downgraded the stock from their equivalent of buy to ...
Report: 80 Million US Households Now Have Amazon Prime Memberships
It's an almost unbelievable number - according to reports, there are roughly 80 million US households that currently pay $99/year for an Amazon Prime membership. As Recode.net points out, this mea...
All Eyes on Tesla As First Model 3 To Roll Off Assembly Line Shortly
Earlier this morning, Tesla CEO Elon Musk revealed that the company's Model 3 had passed regulatory requirements two weeks ahead of schedule and that the first vehicles would be rolling off the assemb...
Jury Selection Begins For Martin Shkreli Trial
Jury selection started for the trial of Martin Shkreli earlier today. Shkreli, who is often referred to as the "most hated man in America", is facing a number of securities fraud charges. The SEC ...
Warren Buffett Steps In To Rescue Home Capital - For a Steep Price
Warren Buffett, CEO of Berkshire Hathaway and the "Oracle of Omaha", has spent over 50 years of his life carefully cultivating his reputation. Buffett is seen as the gold standard in the investmen...
Uber Introduces Tipping Via Company App
As part of their "180 Days of Change", Uber revealed earlier today that they are rolling out the ability for riders to tip drivers via the Uber app. This technology is now available in Seattle, Mi...
Amazon's Purchase of Whole Foods Removes $40 Billion Worth of Market Capitalization From Supermarket Industry
Earlier today, Amazon.com shocked the world when they announced that they would be purchasing Whole Foods for $13 billion. The news of the purchase sent the markets reeling, as Walmart, one of the...