Sports Edge

ReadingA soccer billionaire betting on baseball means the Padres' front office now answers to someone who runs Champions League budgets, not cable-era thinking.

ReadingJordan timing the exit tells you something about what he sees in the NBA's next valuation cycle—which is that it has plateaued for mid-market franchises.

ReadingEvery other WNBA owner just got a memo that was not written: the floor for new franchises is no longer $200M, it is north of $500M, and only if you have the right market and capital partner.

ReadingA billionaire who just spent maximum money is cutting like a private-equity operator. The Blazers' front office is about to look like a hedge fund, not an NBA team.

ReadingThe manager's endorsement is the earliest signal that Feliciano is not a chaos agent—he is an owner willing to let baseball people do baseball.

ReadingThe apparel war is now fought on the recruiting trail through NIL contracts. The brand that wins is the one with the most flexible accounting.

ReadingThe 9.6% year-over-year growth is being driven entirely by emerging markets and streaming platforms. Traditional broadcasters are flat or declining.