#according someone familiar

The latest bids for NBA Europe franchises were due Monday, and they came in at $500 million or higher in each of the 12 target cities, with multiple bids of more than $1 billion. Bids were made by more than 20 existing basketball and soccer clubs, in

The Cleveland Cavaliers are nearing a deal to sell a 5% to 10% stake in the NBA franchise to private equity firm Blue Owl. The deal values the NBA team and Cleveland WNBA team set to start play in 2028 at a combined $5.5 billion, according to someone

The Golden State Warriors have signed a deal with AI cloud provider Iren for the company’s logo to be on the team’s jersey starting next season, replacing Rakuten. The agreement is worth more than $50 million per year, according to someone familiar w

The University of Utah has finalized an agreement with private equity firm Otro Capital to create a new for-profit entity, Crimson Brand Partners, the school announced Friday morning. No financial details were revealed, but Otro is committing at leas