FOS PM: DraftKings abandons the offer


The Bucs fan who returned Tom Brady’s 600th touchdown ball got two signed jerseys, subscriptions and a Bitcoin, among a few other items. A good deal for a balloon valued at $ 500,000? Brady said the fan “lost all of his power once he gave the ball” and “he should have held it.” ??

DraftKings / Design: Alex Brooks

A major potential merger in sports betting and gaming has been called off: DraftKings announced on Tuesday “that it will not make a firm offer for Entain at this time.”

The sports betting giant has made a $ 22.4 billion offer on Entain on September 19, representing a 43% premium on the share price of the UK gambling company. This opened a 28-day negotiation period for DraftKings to finalize the offer, which Entain extended until November 16 with the approval of regulators.

Entain would have given Boston DraftKings license to operate in 27 countries, a suite of UK gambling retail outlets and a technology platform for gambling operations.

“We are very confident in our ability to maintain a leadership position and realize our long-term growth plans in the rapidly growing North American market,” said Jason Robins, CEO of DraftKings.

  • MGM Resorts, co-owner of BetMGM with Entain, complicated the negotiations. The resorts and gambling company said any deal between DraftKings and Entain would require its approval.
  • MGM auction $ 11 billion for Entain in January, which Entain dismissed as too weak.

Traders liked DraftKings’ decision: its share price jumped 6.9% from the closing of the market Monday to Tuesday in the middle of the morning, before partially restoring these gains. Entain fell about 6.4%.

Kansas City NWSL / Design: Alex Brooks

Kansas City will be home to the first stadium built specifically for a NWSL team.

Days after the city hosted representatives from FIFA and US Soccer for its Candidacy for the 2026 World Cup, and weeks after Kansas City NWSL announced the construction of a $ 15 million training facility, the team unveiled plans to build a $ 70 million stadium minutes from downtown.

Built on public land, the stadium is expected to open in 2024 and will be able to accommodate at least 11,000 fans. Team officials signed a 50 years lease for seven acres on the Missouri River.

  • The installation will be funded by the team’s ownership group, which includes Chris and Angie Long and Brittany Matthews, Patrick Mahomes’ fiancee.
  • Chris Long is the founder and CEO of Palmer Square Capital Management, a Kansas City-based company that oversees $ 20 billion in assets.

Angie Long, the company’s chief investment officer, believes the team make profit in the next 10 years.

Kansas City NWSL moved from utah Last year. The team will share a home with MLS Sporting Kansas City at Children’s Mercy Park until the new stadium opens.

AS Roma / Design: Alex Brooks

AS Roma, the Italian football team owned by US business magnate Dan Friedkin, on Tuesday announced a record loss of $ 216 million for the 2020-21 fiscal year.

Rome is one of six Serie A clubs under American ownership, as well as Genoa, AC Milan, Fiorentina, Spezia and Venezia.

The top Italian league suffered significant losses during the global pandemic.

  • Genoa, Italy’s oldest football team, suffered a loss of $ 38 million in 2020.
  • Juventus have reported a loss of $ 246.6 million in the 2020-21 fiscal year.
  • Inter Milan won a 19th Serie A title in May but took a $ 284.6 million struck in fiscal year 2021.
  • For the fiscal year ended June 30, AC Milan suffered a loss of $ 111.8 million, compared to a record loss of $ 225.6 million last year.

AS Roma still generated $ 220.2 million in revenue in fiscal 2021, a 25% year-over-year increase. The results were driven by television and picture rights, which accounted for $ 143.7 million of the club’s total revenue.

AS Roma are preparing for a capital increase of up to $ 533 million by the end of 2022. The club’s board of directors initially planned a capital increase of $ 243.4 million at the end of 2021 but quickly increased this amount and extended the deadline.

  • In today’s Leadoff, Jeff Bezos would not be interested in buying the Denver Broncos, CVC Capital Partners and RPSG pay a total of $ 1.7 billion for two new IPL teams, more than 100 football clubs Europeans are lining up for a $ 2.3 billion line of credit and Roblox plans to sell $ 1 billion in junk bonds. Click here to listen.
  • Boston Celtics center Enes Kanter doubled his critical from China after his team’s matches were deleted from Tencent’s sports app. Kanter tweeted concerns about how the country and Nike are treating minority workers in factories.
  • Sports innovation laboratory firm a round of funding on Tuesday, bringing the total the market research firm raised to $ 5.8 million. The tour was led by Elysian Park Ventures, the private investment vehicle of the Los Angeles Dodgers ownership group.
  • 2021 has seen an explosion in the widespread adoption of cryptocurrencies, NFTs, and blockchain technology. Join us Thursday, October 28 at 1 p.m. ET as we sit down with FTX’s head of brand partnerships to discuss how they have become one of the leaders in the sports and crypto landscape.
  • The Best Employers in Sport are back! Whether it’s great leadership, a commitment to D&I, employee well-being, or social efforts, the BES award seeks to recognize organizations that do well with their team. The investigation is open until November 12! Click here to submit an application.

(Note: All at market close on 10/26/21)

The Atlanta Braves (88-73) face the Houston Astros (95-67) tonight at Minute Maid Park for the first game of the World Series.

How to watch: 8:09 p.m. ET on FOX

Betting odds: Astros -1.5 || ML -140 || O / U 8 *

To take: Expect the Astros to start the series strong at home. Take Houston to cover.

Who do you have? Respond to this newsletter with your prediction for the Braves-Astros winner and the final score.

* Dimensions / lines subject to change. The T & Cs apply. See for details.

In addition to winning equipment, each godchild will gain an entry into La Liga ElClásico 2022 ticket delivery (ends October 31)! ESPN is the new home of La Liga in the United States Follow the best soccer league in the world with the best stars showing every game on all ESPN platforms. Subscribe now.

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