Big East Commissioner Val Ackerman, Atlantic Coast Conference Commissioner Jim Phillips, and Big 12 Commissioner Brett Yormark. Porter Binks | Matt Kelley | Stacy Revere | Getty Images College sports leaders are crunching the numbers as they head toward payments for players and new avenues for revenue growth. Speaking at CNBC Sport and Boardroom’s Game…
Gary Bettman, NHL Commissioner, speaking on CNBC’s Squawk Box on Nov. 20th, 2024. CNBC The 2026 Winter Olympics in Milan will mark the first time in 12 years that NHL players will return to the Games, something that NHL Commissioner Gary Bettman is expecting to have a big impact on the league. “Ultimately, in terms…
The Kalshi logo arranged on a laptop in New York, US, on Monday, Feb. 10, 2025. Gabby Jones | Bloomberg | Getty Images Massachusetts filed a lawsuit in state court Friday against Kalshi, alleging the predictions platform offers sports gambling without a license under the guise of events contracts. “If Kalsi wants to be in…
Max Verstappen of Red Bull Racing competes during the British Grand Prix, the 12th round of the Formula 1 World Championship, at Silverstone Circuit in Northampton, United Kingdom, on July 06, 2025. Rasid Necati Aslim | Anadolu | Getty Images Carlyle is set to announce a new partnership with Formula 1 team Oracle Red Bull…
Serena Williams introduces Maria Sharapova during the 2025 Induction Celebration weekend at the International Tennis Hall of Fame in Newport, Rhode Island, on Aug. 23, 2025. Joe Buglewicz | Getty Images Sport | Getty Images Women’s 3-on-3 basketball league Unrivaled is now valued at $340 million after a new funding round that included tennis legend…
NFL MVP Josh Allen signs with New Balance Courtesy of New Balance NFL MVP Josh Allen has left Nike to sign an endorsement deal with New Balance. The Buffalo Bills quarterback announced the news on Friday in a letter to his hometown of Firebaugh, California. The deal is a major win for Massachusetts-based New Balance….
The National Football League continues to widen its lead as the most valuable and profitable sports league in the world, with the average franchise now worth $7.65 billion, according to CNBC’s Official NFL Team Valuations 2025. That figure marks an 18% jump from last year. Eleven NFL teams are now valued at $8 billion or…
The college football season has kicked off, and the NFL’s regular season begins next week, which means sportsbooks are getting ready for the biggest opportunity of the year to sign up new customers and grow the wagering pot. Americans are expected to wager a record $30 billion this NFL season through legal gambling, an 8.5%…
FILE PHOTO: A general view of the field during the Yale Bulldogs vs Harvard Crimson football game at Harvard Stadium in Boston, Massachusetts. Adam Glanzman | Getty Images A new tradition for HBCU football could be starting at one of the nation’s oldest football stadiums on the campus of Harvard University. “It’s really a cultural…
Canadian investor Kevin O’Leary revealed on CNBC Monday that he was one of three buyers to snap up the record-breaking Kobe Bryant and Michael Jordan sports card at auction over the weekend. The card, a signed collectible featuring both NBA legends, sold for nearly $13 million, surpassing the previous record for the most-expensive trading card…
