Global World Citizen
India-Pakistan T20 Showdown in New York Today: Everything You Need to Know About the Biggest Cricket Game of the Year
India’s men’s cricket team will take on arch-rival Pakistan in a group-stage match at the ICC Twenty20 World Cup in Long Island, New York, on Sunday. This highly anticipated clash is expected to be one of the most-watched sporting events of the year.
"Mike Tyson's Journey to Dominance in the Cannabis Industry"
When Mike Tyson, the former undisputed heavyweight champion of the world, strolled through Times Square on April 20, chaos ensued. A taxi screeched to a halt, the driver clasping his hands together in reverence, exclaiming, “I love you, Mike! God bless!”
A swarm of tourists caught sight of the 57-year-old boxer and pursued him like a frenzy of wild-eyed fish. Even busy New Yorkers paused in their tracks, shouting, “It’s Iron Mike, y’all!” As Tyson retreated behind a metal fence on Seventh Avenue and 43rd Street, a mother tossed her toddler over, hoping for a blessing from the ex-champ.
Scottie Scheffler Clinches the Masters, Establishing Himself as Golf's Predominant Presence
—Scottie Scheffler had just finished his third round at the Masters, securing his position atop the leaderboard, when he made a confession to an Augusta National member that bordered on sacrilege in these parts.
Football Icon O.J. Simpson, Central Figure of Sensational Trial, Passes Away at 76
O.J. Simpson, renowned for his achievements on the football field and subsequent success in various media ventures, passed away on Wednesday at his residence in Las Vegas. He was 76 years old. The cause of death was cancer, as announced by his family on social media.
Chiefs' Rashee Rice Faces 8 Criminal Charges Following Multi-Car Collision
Kansas City Chiefs wide receiver Rashee Rice is facing an arrest warrant and has been charged with eight offenses, as reported by various sources on Wednesday. This development comes less than two weeks after Rice was involved in an eight-car accident.
Transforming Formula 1 into the Real Housewives of Monte Carlo: The Impact of 'Drive To Survive'
Before Liberty Media acquired Formula 1 in 2017, the sport’s viewing experience often revolved around discussions among middle-aged men about tire degradation and obscure regulations, rather than displays of pure speed. Sean Bratches, appointed by Liberty as the series’ commercial head, conceived the idea to change this dynamic: Formula 1 would produce a 10-part reality series about itself, later named Drive to Survive, for Netflix.
Unconventional Super Bowl Wagers: Legal Bets Include Taylor Swift-Themed Props, Gatorade Color, and 'Scorigami'
Anticipating Unprecedented Super Bowl Betting Action: Unique Wagers Include Taylor Swift-Themed Props, Gatorade Color, and ‘Scorigami’
As the countdown to this year’s Super Bowl intensifies, the stage is set for record-breaking betting activity, with sportsbooks unveiling a variety of novel wagers.
Disney, Fox, and Warner Bros Discovery Collaborate on Joint Sports Streaming Platform
Fox Corp, ESPN from Walt Disney, and Warner Bros Discovery are reportedly teaming up to launch a sports streaming service in the coming autumn, aiming to engage younger audiences who are less reliant on traditional television.
Saudi Arabia's Tennis Event: Djokovic, Nadal, Alcaraz, Medvedev, Sinner, and Rune Set to Compete in 6 Kings Slam in Riyadh
Saudi Arabia to Host Tennis Legends in Inaugural 6 Kings Slam Tournament.
The inaugural 6 Kings Slam tennis tournament is set to take place in Riyadh, Saudi Arabia, featuring some of the sport’s biggest names including Novak Djokovic and Rafael Nadal.
Olympic Gold Medalist Gabby Douglas Makes a Comeback to Competitive Gymnastics
Three-time Olympic gold medalist Gabby Douglas revealed to NBC News on Tuesday that she is making a comeback to competitive gymnastics this month. She is considering competing for a spot on the five-person American squad for the Paris Olympics later this year.
Gerard Burns Secures Multi-Fight Contract with BRAVE CF After Impressive KO Victory
Irish fighter Gerard Burns has inked a multi-fight agreement with BRAVE Combat Federation, a leading global MMA organization headquartered in Bahrain.
Burns’ contract comes on the heels of his spectacular debut at BRAVE CF 80 last December, where he delivered a thunderous KO victory over Hussain Ayyad, leaving his opponent unconscious.
Dartmouth Basketball Players Recognized as School Employees, Cleared to Form Unprecedented Union, NLRB Determines
In a groundbreaking move, members of the Dartmouth College men’s basketball team are poised to establish the first collegiate student-athlete union in the United States.
Brett Favre Allegedly Has Outstanding Balance of Over $700,000 in Misused Welfare Funds, According to Auditor
Mississippi State Auditor Shad White Countersues Brett Favre, Claiming Unpaid Interest of Almost $729,000 in a State Welfare Funds Scandal Exceeding $1 Million, Involving Alleged Misuse on Unfulfilled Speaking Services and Personal Projects.
Jamie Chadwick, Racing Sensation, Heads the Latest Wave of World Champion Athletes and Entrepreneurs in 30 Under 30 Europe Sports & Games List"
A tennis prodigy at 19, along with three prominent soccer figures and a female racing driver surpassing her male counterparts, stand out in this year’s notable assembly of athletes.
Michael Jordan Achieves a Net Worth of $3 Billion, Securing a Spot on the Forbes 400 List
Thanks to the sale of the Charlotte Hornets, Michael Jordan has reached unprecedented heights, becoming the first professional athlete to secure a position among America’s 400 wealthiest individuals.
Since Michael Jordan made his debut on an NBA court in 1984, scoring significant financial success has been as easy as a layup for him. Throughout his 15 NBA seasons, he amassed a staggering $94 million in salary and signing bonuses, claiming the title of the league’s highest-paid player in 1997 and 1998. However, it was off the court that Jordan soared to unparalleled financial heights, accumulating an estimated $2.4 billion (pre-tax) over his career through lucrative partnerships with iconic brands like McDonald’s, Gatorade, Hanes, and, notably, Nike, where his recent annual royalty check reached an impressive $260 million.
Magic Johnson Attains Billionaire Status
The former NBA star has amassed a fortune of $1.2 billion through investments in various professional sports teams and successful ownership of a life insurance company that has experienced significant growth under his leadership.
New York Secures FIFA World Cup 2026 Final, Outshining Dallas
Top News: FIFA’s Sunday announcement confirmed New York as the host city for the final match of the 2026 World Cup, marking the highly anticipated return of the tournament to the United States over two years from now.
Russell Westbrook: A Serious Business Approach
Russell Westbrook, the former NBA MVP, isn’t biding his time until retirement; he’s already on the path to building an empire. With a team of billionaire advisors, the 14th-highest-paid athlete globally is making strategic moves with his fashion brand, advertising agency, and other lucrative investments. In his Los Angeles office, situated high above Avenue of the Stars, Westbrook, not one to shy away from bold decisions, opts for a photoshoot with a bare chest beneath his tan linen suit, accentuated by black boots and a gold necklace. This sartorial choice reflects the 34-year-old Los Angeles Clippers point guard’s unique blend of basketball prowess and fashion-forward sensibilities as he navigates the intersection of sports and entrepreneurship. As he plays out the final years of his NBA career, Westbrook is actively working towards establishing a business empire that he envisions will surpass his on-court triple-double records. “I want to be a billionaire,” he asserts, “sooner than later.”
Lewis Hamilton Breaks Silence About Unexpected Move to Ferrari—Reveals Fulfillment of Childhood Dream
Key Point: Lewis Hamilton expressed that he will be realizing a cherished “childhood dream” as he prepares to join Ferrari next year. The seven-time Formula One champion shared these sentiments on Saturday, marking his initial remarks following the announcement of his departure from Mercedes after an illustrious 11-year tenure, during which he became one of the most successful drivers in F1 history.
NHL Athletes to Take Part in Olympics for the First Time Since 201
The National Hockey League will be sending players to the 2026 Olympics in Milan, marking the league’s return to the Games for the first time since the 2014 Olympics in Sochi, following challenges related to costs and the pandemic in 2018 and 2022.
How Eddie Hearn Turned Matchroom Sport Into a Boxing Heavyweight
In the Hilton Syon Park hotel, amid another overcast day in London this July, Eddie Hearn has convened the media for what he touts as the next major U.K. boxing showdown—a rematch in August between two-time former heavyweight champion Anthony Joshua and former British boxing titleholder Dillian Whyte. (Note: After the publication of this story in the August/September issue of Forbes magazine, Whyte was replaced by Robert Helenius due to a failed drug test.) However, Hearn is already contemplating the future. Spotting former heavyweight contender Derek Chisora nearby, he playfully interrupts a YouTube interview with another fighter, Fabio Wardley. “What about you two?” Hearn jests, and to his surprise, both express interest, setting the wheels in motion. It may not be a headline-grabbing match, but for boxing’s perpetual hype machine, no spotlight is too small or too large.
The Most Valuable Teams in Major League Soccer for 2024
In January, as Inter Miami set foot in El Salvador for its initial preseason match of 2024, Lionel Messi, arguably the world’s most renowned athlete, was met with fervent cheers from hundreds of fans. This warm reception in a foreign land would have been inconceivable just eight months prior when Inter Miami, a recent addition to Major League Soccer (MLS), struggled at the bottom with limited global recognition. However, everything changed in June when Messi announced his move to South Florida, significantly altering the trajectory of the franchise.
No. 1. $1.2 billion
Los Angeles Football Club
2023 Revenue: $140 million | Operating Income: $9 million | 1-Year Change: +20%
Key Owners: Bennett Rosenthal, Brandon Beck, Larry Berg, Peter Guber
No. 2. $1.03 billion
Inter Miami CF
2023 Revenue: $118 million | Operating Income: $8 million | 1-Year Change: +72%
Key Owners: Jorge Mas, Jose Mas, David Beckham
No. 3. $950 million
LA Galaxy
2023 Revenue: $95 million | Operating Income: $3 million | 1-Year Change: +3%
Key Owners: Philip Anschutz
No. 4. $900 million
Atlanta United FC
2023 Revenue: $95 million | Operating Income: $9 million | 1-Year Change: +6%
Key Owners: Arthur Blank
No. 5. $850 million
New York City FC
2023 Revenue: $70 million | Operating Income: -$9 million | 1-Year Change: +6%
Key Owners: City Football Group (Sheikh Mansour)
No. 6. $785 million
Seattle Sounders FC
2023 Revenue: $75 million | Operating Income: $2 million | 1-Year Change: +19%
Key Owners: Adrian Hanauer
No. 7. $775 million
D.C. United
2023 Revenue: $85 million | Operating Income: $10 million | 1-Year Change: +11%
Key Owners: Jason Levien, Steven Kaplan
No. 8. $750 million
Austin FC
2023 Revenue: $87 million | Operating Income: $3 million | 1-Year Change: +10%
Key Owners: Anthony Precourt, Eddie Margain
No. 9. $725 million
Toronto FC
2023 Revenue: $69 million | Operating Income: -$12 million | 1-Year Change: +5%
Key Owners: Larry Tanenbaum, Rogers Communication, Bell Canada
No. 10. $690 million
Charlotte FC
2023 Revenue: $80 million | Operating Income: $6 million | 1-Year Change: +10%
Key Owners: David Tepper
No. 11. $680 million
St. Louis City SC
2023 Revenue: $70 million | Operating Income: -$2 million | 1-Year Change: N/A
Key Owners: Taylor Family, Kavanagh Family
No. 8. $750 million
Austin FC
2023 Revenue: $87 million | Operating Income: $3 million | 1-Year Change: +10%
Key Owners: Anthony Precourt, Eddie Margain
WWE Founder Vince McMahon Steps Down Amidst Sex Trafficking Accusations—Examining Past Allegations
On Friday, Vince McMahon, the founder of WWE wrestling and CEO of the TKO group, tendered his resignation in the wake of allegations involving the sexual trafficking and abuse of a former employee. McMahon, who has vehemently denied the accusations, now faces additional claims of sexual misconduct, compounding the scrutiny on the wrestling mogul.
Italy's Jannik Sinner brings an end to Djokovic's unbeaten streak at the Australian Open.
In the Australian Open semifinal in Melbourne on Friday, Jannik Sinner, the Italian tennis player, emerged victorious against defending champion and top seed Novak Djokovic. This marked the initial defeat for the world’s top-ranked male player at the tournament since 2018.
Outcome and Ratings of WWE SmackDown Preceding Royal Rumble 2024
WWE SmackDown, the last installment before WWE Royal Rumble 2024, marks WWE’s inaugural broadcast since unveiling a significant streaming deal with Netflix. This broadcast also coincides with the emergence of fresh charges of sex trafficking against Vince McMahon, WWE’s Chairman. The detailed lawsuit outlines particularly disturbing accusations.
Bill Belichick's Next Move Following Raheem Morris' Appointment by the Falcons
The ex-Patriots coach might face exclusion in the current coaching cycle. Moreover, this year has witnessed a resurgence for individuals of color in head coaching roles, with top contenders emerging for the position of Sean McVay’s defensive coordinator.
2024's Most Valuable Sports Empires Across the Globe
For the ultra-rich, owning a sports team has long been a coveted goal, but the real power move lies in expanding it into an empire, with multiple teams across various leagues. This strategic approach proves to be a winning formula for creating generational wealth, offering avenues such as cross-sponsorships, real estate development, and diversified distribution channels. A sports empire not only acts as a hedge during rebuilding years for individual teams but also serves as a lucrative investment that consistently pays off.
#1. Liberty Media
Value: $18.22 billion | 1-Year Change: -12%
Properties: Formula 1, Overtime Sports*, F1 Arcade*, Drone Racing League*, Kroenke Arena Co.*, Meyer Shank Racing*
Key People: Gregory Maffei (President and CEO), John Malone (Chairman of the Board)
#2. Kroenke Sports & Entertainment
Value: $15.59 billion | 1-Year Change: 22%
Properties: Los Angeles Rams, Denver Nuggets, Arsenal FC, Colorado Avalanche, Colorado Rapids, Altitude Sports & Entertainment, Colorado Mammoth
Key People: E. Stanley Kroenke (Owner)
Value: $12.95 billion | 1-Year Change: 25%
Properties: Liverpool FC, Boston Red Sox, Pittsburgh Penguins, NESN, Real Estate, Roush Fenway Keselowski Racing, Fenway Sports Management
Key People: John Henry (Co-founder and Principal Owner), Thomas Werner (Co-founder and Chairman)
#4. Jerry Jones
Value: $12.80 billion | 1-Year Change: 13%
Properties: Dallas Cowboys, The Star, Legends*, GameSquare Esports*
Key People: Jerry Jones (Owner, President and General Manager of the Cowboys)
#5. Harris Blitzer Sports & Entertainment
alue: $11.86 billion | 1-Year Change: 155%
Properties: Philadelphia 76ers, Washington Commanders, New Jersey Devils, Joe Gibbs Racing, Youth Sports, HBSE Ventures, Utica Comets, Crystal Palace*, Elevate Sports Ventures*, New Meta Entertainment*
Key People: Josh Harris (Co-founder and Managing General Partner), David Blitzer (Co-founder and Managing Partner)
#6. Madison Square Garden Sports
Value: $10.25 billion | 1-Year Change: 12%
Properties: New York Knicks, New York Rangers, Hartford Wolf Pack, NRG*
Key People: James Dolan (Executive Chairman), David Hopkinson (President and CEO)
Value: $9.13 billion | 1-Year Change: 15%
Properties: New England Patriots, New England Revolution, Patriot Place, Kraft Analytics Group, TKO Holdings*, DraftKings*, Oxygen Esports*
Key People: Robert Kraft (Founder, Chairman, and CEO)
#8. Yankee Global Enterprises
Value: $9.07 billion | 1-Year Change: 19%
Properties: New York Yankees, Yankee Stadium Events, YES Network*, Legends*, New York City FC*, AC Milan*, A1 Padel*, Staten Island FerryHawks*
Key People: Hal Steinbrenner (Chairman)
#9. Paul G. Allen Trust
Value: $9.06 billion | 1-Year Change: 22%
Properties: Seattle Seahawks, Portland Trail Blazers, Seattle Sounders*
Key People: Jody Allen (Chair)
#10. Maple Leaf Sports & Entertainment
Value: $8.47 billion | 1-Year Change: 32%
Properties: Toronto Raptors, Toronto Maple Leafs, Toronto FC, Toronto Argonauts, Toronto Marlies
Key People: Cynthia Devine (President and CEO)
Value: $8.25 billion | 1-Year Change: 39%
Properties: Jacksonville Jaguars, All Elite Wrestling, Fulham FC
Key People: Shad Khan (Owner of the Jaguars), Tony Khan (CEO and General Manager of AEW)
#12. Glazer Family
Value: $8.02 billion | 1-Year Change: 7%
Properties: Tampa Bay Buccaneers, Manchester United
Key People: Bryan Glazer (Owner and Co-chairman – Buccaneers, Director – Manchester United), Edward Glazer (Owner and Co-chairman – Buccaneers, Director – Manchester United), Joel Glazer (Owner and Co-chairman – Buccaneers, Executive Co-chairman and Director – Manchester United)
#13. Benson Family
Value: $7.29 billion | 1-Year Change: 28%
Properties: New Orleans Saints, New Orleans Pelicans
Key People: Gayle Benson (Owner of the Saints and Pelicans)
#14. 49ers Enterprises
Value: $7.21 billion | 1-Year Change: 21%
Properties: San Francisco 49ers, Leeds United, Aurum Partners, Elevate Sports Ventures*
Key People: Denise DeBartolo York (Owner and Co-chairman of the 49ers), John York (Owner and Co-chairman of the 49ers), Jed York (CEO of the 49ers)
Value: $7.20 billion | 1-Year Change: Not Ranked in 2023
Properties: Los Angeles Kings, Crypto.com Arena, LA Galaxy, Eisbaren Berlin, O2 Arena, AXS, Ontario Reign, AEG Rugby, ASM Global*, Hammerby IF*, Mercedes-Benz Arena (Shanghai)*, Sapphire Sports*, Immortals*, Cincinnati Cyclones*, Djurgarden*
Key People: Philip Anschutz (Owner)
#16. Stephen Ross
Value: $6.91 billion | 1-Year Change: Not Ranked in 2023
Properties: Miami Dolphins, F1 Miami Grand Prix, Relevent Sports Group
Key People: Stephen Ross (Chairman and Managing General Partner of the Dolphins)
#17. City Football Group
Value: $6.85 billion | 1-Year Change: 15%
Properties: Manchester City, New York City FC, Esporte Clube Bahia, Melbourne City FC, Other Investments
Key People: Sheikh Mansour bin Zayed Al Nahyan (Owner)
#18. Steve Ballmer
Value: $6.65 billion | 1-Year Change: Not Ranked in 2023
Properties: Los Angeles Clippers, Intuit Dome, Kia Forum
Key People: Steve Ballmer (Owner of the Clippers)
Value: $6.40 billion | 1-Year Change: 33%
Properties: Cleveland Browns, Columbus Crew, Real Estate, Ventures, Milwaukee Bucks*
Key People: Dee Haslam (CEO and Managing Partner), Jimmy Haslam (Chairman and Managing Partner)
#20. Monumental Sports & Entertainment
Value: $6.16 billion | 1-Year Change: 37%
Properties: Washington Wizards, Washington Capitals, Monumental Sports Network, aXiomatic
Key People: Ted Leonsis (Founder, Chairman, Principal Partner, and CEO)
#21. Hunt Family
Value: $5.80 billion | 1-Year Change: Not Ranked in 2023
Properties: Kansas City Chiefs, FC Dallas, Chicago Bulls*
Key People: Clark Hunt (Chairman and CEO of the Chiefs)
#22. Jacobs Family
Value: $5.65 billion | 1-Year Change: Not Ranked in 2023
Properties: Delaware North, Boston Bruins, NESN*, Minnesota United FC*, New Meta Entertainment*
Key People: Jeremy Jacobs (Owner and Chairman of the Bruins), Charlie Jacobs (CEO and Alternate Governor of the Bruins, Co-CEO of Delaware North), Jerry Jacobs Jr. (Alternate Governor of the Bruins, Co-CEO of Delaware North), Lou Jacobs (Alternate Governor of the Bruins, Co-CEO of Delaware North)
Value: $5.50 billion | 1-Year Change: 15%
Properties: Atlanta Falcons, Atlanta United, PGA Tour Superstore, AMBSE Ventures*
Key People: Arthur Blank (Owner and Chairman)
#20. Monumental Sports & Entertainment
Value: $5.26 billion | 1-Year Change: 16%
Properties: Carolina Panthers, Charlotte FC
Key People: David Tepper (Founder and Owner)
#25. Wilf Family
Value: $4.95 billion | 1-Year Change: 14%
Properties: Minnesota Vikings, Orlando City SC, Wise Ventures, Orlando Pride
Key People: Zygmunt Wilf (Owner and Chairman of the Vikings), Leonard Wilf (Owner and Vice Chairman of the Vikings)
Methodology:
To meet the criteria for classification as a sports empire, an individual or entity must possess a majority stake in a sports team valued at over $500 million. Furthermore, the cumulative investments in other sports-related properties should amount to a minimum of $100 million. Global World Citizen(G.W.C) determines sports empire values by multiplying the aggregate enterprise values of these holdings by a factor of 1.1, incorporating a 10% premium to account for historical premiums observed in significant sports platform transactions.
In cases where an individual holds sports assets both independently and as part of a larger company, the methodology considers the stake with the higher valuation. For instance, entities like Harris Blitzer Sports & Entertainment are ranked comprehensively, avoiding separate listings for managing partners such as Josh Harris and David Blitzer.
Valuation sources draw from Forbes’ latest assessments of enterprise values in NFL, MLB, NBA, NHL, global soccer, and soon-to-be-updated MLS valuations. In instances where sports-related assets are not present in the Forbes database, information is sourced from team owners, executives, investors, sports bankers, attorneys, and media analysts to ensure comprehensive coverage and accuracy.
Global World Citizen
However, a romantic rendezvous at Arrowhead Stadium has elevated his appeal to advertisers and garnered attention from millions of Taylor Swift fans.
However, a romantic rendezvous at Arrowhead Stadium has elevated his appeal to advertisers and garnered attention from millions of Taylor Swift fans.