Stan Kroenke agrees to buy the Los Angeles Angels for a reported $4B — breaking the $3.9B record the Padres set earlier this year — and closes the last gap in a portfolio that now spans every major U.S. league plus the Premier League. It's the fourth control sale of a major American franchise this summer. Plus: Chelsea finally sells the front of the shirt, to stablecoin issuer Circle Internet Group; Netflix buys its way into bars and restaurants ahead of its expanded NFL slate; the NFL turns touchdown celebrations into a Roblox campaign; and London trading firm IG Group pays up to $2.15B for Underdog, betting prediction markets are the future of retail trading. Today's thread: consolidation at every level, and increasingly the same handful of names doing it.
","author_name":"Nick Schupak"}