LIV Golf's 128-page Chapter 11 filing reveals the Saudi PIF spent roughly $495 million propping up the back half of the 2026 season before its exit — and the league is now asking the court to void most of its player contracts under a term sheet that would give BC Partners 45% ownership and players 52.5%, with a $1 option to buy an expansion team. Plus: the NFL starts publishing The Athletic's articles directly on NFL.com, Manchester United fills its empty shirt sleeve with fintech firm SumUp, the prediction-market ad blitz draws its first real backlash amid the Supreme Court case over the category's legality, NBC abandons its blended NFL ratings for Nielsen's standard measurement, and a Peruvian third-division club wins Cannes Lions Grand Prix for selling its jersey to a thousand small sponsors. Today's thread: leverage keeps shifting toward whoever controls the infrastructure everyone else assumed would just be there.
Intro / Outro music by Cheerry Red
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