Tuesday, December 6

This Week’s Most Interesting Sports Business Stories


In this week’s SportsMoney Playbook: 30 Under 30 Europe’s sports standouts, F1 hits the streets of Miami, and an NBA journeyman-turned-VC. Plus: Why Israel became a safe haven for Russian billionaires like Roman Abramovich.

Auto Racing

This weekend, Formula 1 is racing in Miami for the first time, and organizers are going all-out to make the weekend a spectacle. The rapid growth of the sport across the globe has prompted Volkswagen to join the series starting in 2026 with its Porsche and Audi brands.

Soccer

Days after he was sanctioned in March, Chelsea owner Roman Abramovich was seen in Israel. We dive deep into why the country has become a haven for embattled Russian billionaires, and what the country is doing about it.

Pro Basketball

Since retiring from the NBA, Omri Casspi has become an active angel investor in the startup scene of his native Israel. Now he’s taking it to the next level, launching a $50 million VC fund.

Baseball

MLB handed Trevor Bauer a 324-game suspension but may face an uphill battle upholding that ruling if and when the pitcher appeals.

Winter Sports

The pandemic has prompted significant changes in the skiing and snowboarding industry, accelerating trends like sustainability and democratization of access that should continue over the next several years.

After a disappointing showing at the Beijing Olympics, skier Mikaela Shiffrin rebounded to claim her fourth World Cup overall title. But, she says, she’s trying to separate her happiness from the wins and losses.

Golf

Bernhard Langer is one of the few athletes still lining up new sponsorship deals well into his 60s. That’s in part because he’s still posting low scores on the course, including a 64 on his 64th birthday.

A recent survey found that 80% of “core golfers” are planning to take a dedicated golf trip in 2022. It’s great news for the $20 billion golf travel industry, which has been slowed by the pandemic and still faces rising gas prices.

Cricket

A 10,000-seat cricket arena is coming to Southern California, giving the sport its most prominent foothold in the U.S. yet and opening the door to future World Cups and perhaps even a spot in the 2028 Los Angeles Olympics.

Pro Wrestling

The Forbes CIO Next List honors 50 executives using technology to help shape the future of business. Among them is WWE‘s chief product and technology officer.


Featured Story

30 Under 30 Europe Sports & Games: Kylian Mbappé Leads A Group Not Waiting To Achieve Their Dreams

From world-record jugglers to game-changing esports founders, the Forbes 30 Under 30 Europe list has identified some of the most talented and accomplished young people in the world of sports and games, led by Paris Saint-Germain superstar Kylian Mbappé. See the full list of 30 in the Sports & Games category.



Upon Further Review

Speculation that Jürgen Klopp might take a break from soccer was halted this week when Liverpool’s maestro signed a two-year contract extension through 2026. Klopp’s tenure has already included titles in the Premier League and the Champions League, with more trophies in reach this season. The success has helped push Liverpool to No. 5 on our list of the most valuable soccer teams. See the full ranking.


The Last Word

“He might go more with the G-Wagon or whatever, but for me, I think I’ve always identified with people who drive trucks.” — Jason Kelce

Unlike his superstar tight end brother, Travis, Eagles lineman Jason Kelce has always had a blue-collar reputation. That helps explain his new investment in an aftermarket truck parts and accessories retailer, the start of what he hopes will be a successful entrepreneurial career after he hangs up his cleats. Learn more about Kelce’s post-football ambitions.


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