This week on Yahoo Finance Sports Report, host Joe Pompliano takes a look at some of this week’s biggest headlines in the sports business world that you and your portfolio need to know. From the Celtics record-breaking $6.1B sale to Novak Djokovic’s PTPA lawsuit and the Caitlin Clark effect continuing to reshape the WNBA, there are a lot of major financial moves shaping the sports business. Caitlin Clark’s mega-draw The Caitlin Clark effect continues to reshape the landscape of next season as the Dallas Wings become the sixth WNBA team to move their home game against the Indiana Fever to an NBA arena. After the Chicago Sky, Atlanta Dream, Las Vegas Aces, Connecticut Sun, and the Washington Mystics all moved their games, the Dallas Wings have followed suit and moved their June 27th game against the Fever to the American Airlines Center, home of the Dallas Mavericks. Boston Celtics Sell for a Record-Breaking $6.1B The Boston Celtics’ ownership group, led by Wyc Grousbeck, announced it was selling the team to private equity billionaire William Chisholm for $6.1 Billion becoming the most expensive sports franchise sale in North American history, eclipsing the $6.05 billion paid by Josh Harris and his ownership group for the NFL’s Washington Commanders in 2023. Pompliano takes a look at what this could mean for future sales and possible NBA expansion. Novak Djokovic’s PTPA files lawsuit The Professional Tennis Players Association filed a lawsuit against the ATP Tour, WTA Tour, and International Tennis Federation for antitrust violations. The lawsuit claims that tennis’s governing bodies unfairly limit prize money, as players only share less than 20% of the billions in revenue generated by the sport annually which is in stark contrast to other professional sports leagues like the NFL or NBA, which share about 50% of revenue with their players. Plus, Yahoo Finance Senior Reporter Caroline Fenton stops by the show to discuss all things March Madness, NIL deals, and the bright future of women’s basketball. Yahoo Finance Sports Report with Joe Pompliano, a vodcast brought to you by Yahoo Finance and Yahoo Sports, looks beyond the latest sports business headlines, analyzes all the need-to-know news – the teams, trades, and billion dollar deals – so you and your portfolio will win BIG. Yahoo Finance Sports Report is developed and produced by Lauren Pokedoff and Tony Czech.Read More
Celtics sell for $6.1B, March Madness in full swing: Sports Report
