The Tennessee Titans could be worth more than $3 billion when the team finalizes a deal for a new domed stadium in Nashville slated to open for the 2026 NFL season. 

The Titans — currently valued at $2.6 billion — would benefit from a new stadium that could garner higher ticket prices and the increasing value of NFL franchises following the record sale of the Denver Broncos in June for $4.65 billion to a group led by Walmart heir Rob Walton. 

• The Titans are the 28th-most valuable of the 32 NFL franchises, per Forbes.
• The team generated $354 million in revenue in 2021, down from $422 million in 2020.
• A new stadium would make the Titans one of the 20 most valuable NFL teams at $3 billion. 

The Titans plan to build a 1.7 million-square-foot stadium estimated to cost between $1.9 billion and $2.2 billion. The stadium could host major events, including the Super Bowl. 

Previous Plans 

In January, the Titans planned upgrades at Nissan Stadium that would have cost up to $600 million. The team’s current lease requires the city of Nashville and taxpayers to pay for maintenance. The Titans claimed the city would owe $1.8 billion under the current terms.

Those rising costs were highlighted by city leaders, leading to plans for a new stadium.

Esports collective FaZe Clan went public on Wednesday after completing its merger with blank-check company B. Riley Principal 150 Merger Corp. in a deal valued at $725 million. 

FaZe, which is trading on the Nasdaq, first announced plans to go public in October 2021 and received SEC approval in June. It also required approval by BRPM shareholders. 

• FaZe is the fourth-most valuable esports company at $400 million, per Forbes.
• The valuation represents a 31% increase compared to 2020.
• It generated $52.9 million in revenue in FY2021, but reported a net loss of $36.9 million.
• The company started trading at $13 per share.

Known for its esports teams, FaZe also allows content creators to build their brands with their combined 500 million followers across social platforms. 

Its creators include NFL quarterback Kyler Murray and LeBron “Bronny” James Jr. 

Perfect Timing 

FaZe has an opportunity to take advantage of a growing esports industry as a public company. 

The global esports audience is projected to reach 532 million in 2022, up 8.7% year-over-year, per data firm Newzoo. The growth in engagement is projected to have the esports market generate $1.38 billion in revenue in 2022 — with China accounting for nearly one-third. 

The highest-grossing revenue stream for the esports market is sponsorships, with revenue estimated to reach $837.3 million by the end of 2022 — roughly 60% of the entire market.

FaZe has deals with brands including McDonald’s, DoorDash, and the NFL.

The Indian Premier League is already one of the most popular sports leagues in the world, and now its reach is expanding to new continents.

IPL franchise owners are reportedly set to purchase all six teams in South Africa’s new T20 league, according to ESPNcricinfo. 

• The league will begin play in January 2023.
• The owners and parent companies of the Mumbai Indians, Chennai Super Kings, Lucknow Super Giants, Sunrisers Hyderabad, Rajasthan Royals, and Delhi Capitals placed winning bids for T20’s six teams.
• The league, which is run by Cricket South Africa in partnership with broadcaster SuperSport, is expected to announce the new owners once the deals are finalized.

Twenty20, or T20, is a form of cricket designed to be shorter than traditional cricket, in which matches can last for days.

Cricket’s Big Leap

IPL owners have established a global presence. The Kolkata Knight Riders are a founding member of the U.S.-based Major League Cricket, which is set to begin play in 2023. The team’s ownership group invested around $30 million in a dedicated cricket stadium in Orange County, California.

Another IPL franchise is working to join the six-team T20 league.

The IPL also has a presence through its team owners in the Caribbean Premier League and the United Arab Emirates-based International League T20.