The league is expected to bring in at least $1.5 billion over six years. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌
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Tom Brady is a seven-time Super Bowl champion and also the face of Hertz’s new “Let’s Go” campaign. The car rental giant raised $1.3 billion ahead of Tuesday’s Nasdaq relisting — and Brady tweeted “To the moooooon…” 🚀

Premier League to Announce Record U.S. Broadcasting Deal

Premier League/Design: Alex Brooks

The Premier League is set for a record windfall from its U.S. broadcasting rights, with deal announcements reportedly expected this week.

The league is expected to bring in at least $1.5 billion over six years starting with the 2022-2023 season. A deal of that size would give each of the league’s 20 clubs $39.3 million.

  • The league’s U.S. rights are currently held by Comcast on a six-year deal worth $1.1 billion, which began in 2015. 
  • A report from October floated the possibility of a $3 billion deal over nine years. 
  • Comcast is interested in continuing to broadcast league games but faces likely competition from ESPN, WarnerMedia, and ViacomCBS.

The Premier League re-upped its existing domestic rights deals in May with BT, Sky, BBC, and Amazon to 2025, deals collectively worth around $7 billion

DAZN was in advanced talks on a Premier League-motivated deal to buy BT Sport as of October.

Last month, the Premier League struck a $678,000 deal with Apple, allowing the tech giant to use Premier League footage, logos, and other images in hit AppleTV series “Ted Lasso.”

Total foreign Premier League rights could be worth $6.8 billion from 2022-2025, according to the Daily Mail.

Per another report, Premier League CEO Richard Masters will update the clubs on Thursday about a new pact before publicly announcing any deal.

DraftKings, FanDuel Want a Piece of Florida Sports Betting

Janine Zeitlin/USA Today Network/Design: Alex Brooks

DraftKings and FanDuel have paid a total of $20 million to block a compact between the state of Florida and the Seminole Tribe in which the latter will have a hold on gambling in the state.

The 30-year exclusive compact, which only allows gambling and sports betting on Seminole lands, was signed by Florida Gov. Ron DeSantis in May.

As part of the deal, the state would receive a cut — estimated to be at least $500 million annually — of the $20 billion the tribe expects to bring in over the lifetime of the deal.

If operators like DraftKings and FanDuel want to run online under the compact, the Seminole Tribe will take a 40% cut. The tribe entered the gaming business in 1971 and brings in roughly $3 billion from it each year.

  • Las Vegas Sands Corp. contributed $17 million toward a separate referendum to operate gambling businesses in Jacksonville and the Panhandle.
  • Miami casino Magic City, along with other opponents, filed lawsuits to block the compact, alleging that it violates both federal and state law.

The companies need a list of signatures by Feb. 1 to get referendums on the 2022 Florida ballot.

The Seminole Tribe has launched its own $10 million campaign in response, gathering signatures for a “non-binding petition to protect its control over sports betting.”

FuboTV Posts Record Revenue, Reaches 1 Million Subscribers

FuboTV/Design: Alex Brooks

FuboTV generated record revenue of $156.7 million in Q3 2021, a 156% increase compared to the same period last year. 

The impressive results were driven by a spike in paid subscribers, which reached 944,605 during the quarter, a 108% uptick compared to Q3 2020. FuboTV reported $138.1 million in subscription revenue in Q3 2021, a 151% increase year-over-year. 

Since the third quarter ended, the company has reached 1 million total paid subscribers.

Since raising $183 million ahead of its IPO in October 2020, FuboTV continues to grow. 

  • In March, the company completed its acquisition of online sportsbook Vigtory, marking its first investment in sports gambling. 
  • It agreed to a distribution deal in September with Root Sports, the TV home of the Seattle Mariners, Seattle Kraken, Gonzaga basketball, and regional broadcasts of the Portland Trail Blazers.
  • Earlier this month, the company launched Fubo Sportsbook in Iowa, the first owned-and-operated sports wagering platform with live TV streaming in the U.S. 

In April, FuboTV acquired exclusive streaming rights to the 2022 World Cup qualifying matches of the South American Football Confederation. The company will be taking its free-to-play games out of beta for the September window of the qualifying matches that year.

Speedway Motorsports Keeps Buying Tracks, Could Soon Have 12

Matthew OHaren-USA TODAY Sports/Design: Alex Brooks

Speedway Motorsports has entered an agreement to acquire Dover Motorsports for $131.5 million. 

Through a subsidiary, Speedway Motorsports will initiate a tender offer to buy all outstanding shares of Dover Motorsports — ending the latter’s 52-year streak as an independent operator in NASCAR.

Speedway Motorsports went private in 2019 through an $800 million merger with Sonic Financial Corp., and reported $457 million in 2018 revenue.

Dover Motorsports, previously Dover Downs Entertainment, split in 2002 to create a gaming division focused on harness racing, slots, a hotel and casino, and the motorsports division.

The acquisition will see Speedway Motorsports own 12 tracks with NASCAR-sanctioned events, making 26 of the 39 NASCAR sanctioned tracks owned by the company or NASCAR itself. Some facilities include multiple tracks.

  • Speedway Motorsports and its subsidiaries own Atlanta, Charlotte, Las Vegas, New Hampshire, Texas, and Kentucky Speedway, as well as Sonoma Raceway. 
  • Dover Motorsports owns and operates Dover International Speedway and Nashville Superspeedway — the largest concrete-only venues that host NASCAR events.

The offer totals a 58.3% premium on Dover’s closing stock price on Monday.

Speedway Motorsports has approved the transaction, but closing of the tender offer is subject to conditions.

Conversation Starters

  • DAZN acquired streaming technology company Texel, and unveiled the launch of an innovation hub called DAZN X.
  • CBS Sports acquired rights to the FA Women’s Super League for Paramount+ and CBS Networks.
  • MSG Sports and MSG Entertainment have entered a marketing partnership with BetMGM.
  • Save 50% on SimpliSafe. With sensors and cameras for the whole home, and 24/7 professional monitoring for fast police dispatch, SimpliSafe is serious home security without the hassle.*

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Question Of The Day

How many weeks of paid vacation do you receive from work?

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Tuesday’s Answer
32% of respondents subscribe to Netflix and Apple TV+; 32% subscribe to just Netflix; 15% subscribe to just Apple TV+; 21% don’t subscribe to either.