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On the wire

Sports Edge

Issued Monday, May 25, 2026 · 06:00 UTC Edition 8/day editions · 5 desks From the chopped neck
7
On the wire
Ranked by the pour ISABELLA'S ISLAY HENRI IV MACALLAN 1926 LOUIS XIII PAPPY 23 JOHNNIE BLUE WELL POUR
Also crossing the wire
Showing 7 stories
ISABELLA'S ISLAY Women's Sports May 25, 2:02 AM EDT
Golden State Valkyries
Yahoo Sports ↗

Golden State Valkyries hit $1 billion valuation in second season

The Golden State Valkyries have reached a $1 billion franchise valuation in their second season, making them the first WNBA team to cross that threshold.

ReadingA billion-dollar valuation for a second-year franchise in a women's league signals the category is no longer speculative — it is priced.
WatchThe next WNBA expansion fee. Atlanta paid $165M. Columbus and Columbus paid $205M. The Valkyries just set the floor.
Read full analysis → Original ↗
wnbavaluationvalkyrieswomens-basketball
HENRI IV Women's Sports May 25, 2:02 AM EDT
Columbus NWSL / Haslam Sports Group
Forbes ↗

Haslams land Columbus NWSL expansion for $205 million

The Haslam Sports Group, which owns the Cleveland Browns and Columbus Crew, won a Columbus NWSL expansion franchise for $205 million, the league's 18th team.

ReadingExpansion fees are climbing because ownership depth is climbing. The Haslams already own the infrastructure; they paid for credibility and market lock.
WatchStadium construction or naming rights deals. The Columbus Crew's owners will build or convert a pitch by 2028.
Read full analysis → Original ↗
nwslexpansioncolumbushaslams
MACALLAN 1926 Ownership Intelligence May 25, 2:02 AM EDT
Carolina Hurricanes
TSN ↗

Hurricanes add three minority owners including ex-player Farnham

The Carolina Hurricanes confirmed three new minority owners — including former NHLer Bobby Farnham — acquired stakes in the franchise from majority owner Tom Dundon.

ReadingWhen a team owner brings in ex-players, they are solving for cultural credibility, not capital. The hires tell you the front office was losing locker-room trust.
WatchThe next hire: general manager or bench coach. If it is internal, the ownership group just signaled patience. If it is external, they are signaling change.
Read full analysis → Original ↗
nhlhurricanesownershipfarnham
LOUIS XIII Coaching & Front Office May 25, 2:02 AM EDT
Detroit Tigers
Detroit Free Press ↗

Kyle Hendricks joins Tigers front office as special assistant

The Detroit Tigers hired recently retired pitcher Kyle Hendricks as a special assistant under GM Scott Harris, marking a transition from his 13-season MLB career.

ReadingTeams hire retired players in ops roles when they need credibility with current pitchers. Hendricks becomes the voice the locker room respects when Harris needs interpretation.
WatchHendricks' next role: pitching coach or director of pitching development. The special assistant title is always a runway.
Read full analysis → Original ↗
mlbtigershendricksfront-office
PAPPY 23 Coaching & Front Office May 25, 2:02 AM EDT
Los Angeles Dodgers
MSN ↗

Dodgers add former World Series champion in unique front-office role

The Los Angeles Dodgers hired a former World Series champion in an unspecified advisory capacity, continuing their organizational depth in the front office.

ReadingWhen the defending champion hires consultants instead of announcing positions, they are hedging for September roster fluidity.
WatchTrade deadline movement. The hire unlocks roster flexibility without committing future dollars.
JOHNNIE BLUE League Expansion May 25, 2:02 AM EDT
PGA Tour / LIV Golf
MSN ↗

PGA-LIV merger momentum cools as Saudi funding tightens

Talks between the PGA Tour and LIV Golf have stalled as the Saudi-backed upstart faces mounting financial losses and PGA insiders signal lower interest in a unified tour.

ReadingA merger only happens when both sides need liquidity or legitimacy. LIV still has Saudi money; the PGA still has media rights. Neither is desperate enough.
WatchQ3 LIV financial disclosures. If the burn rate doesn't change, expect Saudi patience to run out by fall.
WELL POUR Women's Sports May 25, 2:02 AM EDT
Atlanta NWSL
CBS Sports ↗

Atlanta's NWSL franchise awarded, play begins 2028 at Mercedes-Benz

The NWSL officially awarded Atlanta its 17th expansion franchise, with play scheduled to begin in 2028 at Mercedes-Benz Stadium.

ReadingExpansion pricing is now based on operational readiness, not just geography. Proven ownership commands premium fees within weeks.
WatchAtlanta's head coach hire. The franchise is three years from kickoff; the search starts in the next 90 days.
Read full analysis → Original ↗
nwslatlantaexpansionwomens-soccer