Bloomberg Business of Sports: DAZN's Big Soccer Push
Join hosts Michael Barr, Scarlet Fu and Damian Sassower for a look at some of the latest headlines and stories in the business of sports. A federal judge's final approval of the NCAA's $2.8 billion settlement with student-athletes won't quell all the antitrust threats for the sports organization as it seeks to provide stability in college sports. Bloomberg's antitrust reporter Katie Arcieri joins to discuss. Then, Vanessa Perdomo sits down with DAZN's CEO of Growth Markets Pete Oliver to talk about the opportunity the streaming company sees in soccer and how it's carrying FIFA Club World Cup games this weekend around the globe.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New York Times
8 minutes ago
- New York Times
Shaquille O'Neal Agrees to Pay $1.8 Million to Settle FTX Class-Action Suit
Shaquille O'Neal, the retired basketball star, agreed to pay $1.8 million to settle a class-action suit brought by customers of FTX, the collapsed cryptocurrency exchange, accusing him and other celebrities of illegally promoting the exchange. The settlement, which was disclosed in a filing in the U.S. District Court for the Southern District of Florida this past week, signaled an imminent resolution for Mr. O'Neal in a case that had questioned the liability of celebrities and influencers who endorse cryptocurrencies and other risky financial products. At the center of the dispute was FTX, the cryptocurrency exchange that suddenly collapsed in 2022, taking $8 billion in customer funds with it. Sam Bankman-Fried, a founder of the exchange, was convicted on charges of fraud, conspiracy and money laundering and sentenced to 25 years in prison. The demise exposed the underbelly of the loosely regulated world of cryptocurrencies, and it devastated investors who in some cases experienced crippling financial losses. It also embroiled in legal action celebrities, influencers and venture capital firms that had endorsed the exchange, with FTX customers arguing that they had been deceived. In 2022, a group of FTX customers sued Mr. O'Neal and a string of other high-profile actors and athletes for compensation. Mr. O'Neal's $1.8 million settlement, which the filing said was finalized in April, makes him one of several defendants who have settled the suit since it was filed. Trevor Lawrence, the football player, and popular content creators were among a group who agreed in 2024 to a settlement of about $1.3 million. This settlement, which pertains only to Mr. O'Neal, still needs court approval. Sunil Kavuri, an FTX customer who has said he lost his life savings of about $2 million, welcomed the news. 'Settling with Shaquille O'Neal helps bring closure to the darkest period of our lives,' he said on Saturday. Other defendants, including Tom Brady, Gisele Bündchen, Larry David and Steph Curry, have argued for the claims to be dismissed. A judge dismissed some of the claims, which include conspiracy and deceptive practices, but allowed others to proceed. In an interview in 2023 with Vanity Fair, Ms. Bündchen said that she had 'trusted the hype' and felt 'blindsided.' The actions have not been limited to high-profile celebrities: Some YouTube influencers have also settled after FTX customers accused them of illegally promoting the exchange on their platforms. Lawyers listed for Mr. O'Neal and for the FTX customers who brought the suit did not immediately respond to a request for comment on Saturday.
Washington Post
16 minutes ago
- Washington Post
US Open tee times
OAKMONT, Pa. — At Oakmont CC Oakmont, Pa. Purse: $21.5 million. Yardage: 7,372; Par: 70. All Times EDT. (a-amateur) Third round Saturday 9:12 a.m. — Philip Barbaree Jr. 9:23 a.m. — Cam Davis, Brian Harman 9:34 a.m. — Matt Fitzpatrick, Andrew Novak 9:45 a.m. — Harris English, Hideki Matsuyama 9:56 a.m. — James Nicholas, Laurie Canter
Forbes
21 minutes ago
- Forbes
The Aaron Civale Trade Is A Win For The Brewers And The White Sox
Milwaukee Brewers' Aaron Civale pitches during the first inning of a baseball game against the ... More Atlanta Braves, Monday, June 9, 2025, in Milwaukee. (AP Photo/Aaron Gash) The Milwaukee Brewers pitching staff was like an overinflated balloon. They couldn't blow more air into it without letting some out. The escapee is Aaron Civale, who was dealt to the Chicago White Sox for Andrew Vaughn after requesting a trade. The Brewers were counting on Civale to be an innings eater in the middle of their rotation this season, but he strained his hamstring in his first start on March 30. He returned from the injured list in May and has made four more starts since then with mixed results. All told, he has a 4.91 ERA over 22 innings with five home runs allowed, and his 2.7 strikeouts-to-walks ratio is the lowest of his career. Milwaukee has benefited from good fortune with their starting pitching so far. Nearly all of them have ERAs that are better than their advanced metrics indicate they ought to be, and a case could be made that many of their best pitching options were in Triple-A rather than the major leagues. That started to change when they called up top prospect Jacob Misiorowski, who threw five no-hit innings against the St. Louis Cardinals on Thursday in his MLB debut. Over a seven-year career, Civale has made 122 appearances—all as a starting pitcher—with a 4.06 ERA. On the day of Misiorowski's first outing—which happened to be Civale's 30th birthday—the veteran was informed he would be moved to the bullpen for the first time in his professional career. This led to him requesting a trade. Civale has an $8 million salary this season and will become a free agent at the end of the year. The White Sox are 23-47 so far, and they set a modern record with 121 losses last season, so their pitching options are significantly more sparse. It's safe to say he is in no danger of losing a rotation spot in Chicago. The White Sox are hardly considered buyers right now, so it's curious that they decided to add a veteran starter who is a pending free agent. Finances are not a factor. Vaughn is earning $5.85 million this year, and Milwaukee is including cash in the deal to offset the difference in salaries. It's possible that Chicago is not his final destination, and that he could be moving again before the trade deadline at the end of July. Vaughn is a right-handed-hitting first baseman and former vaunted prospect who hasn't lived up to expectations. The third overall pick in the 2019 draft was universally considered a top-25 prospect before the 2021 season. He produced a 101 OPS+ from 2021-2024, indicating his offense was just 1% above the league average—not nearly good enough for a defensively-limited player. The bottom fell out this year, as he was hitting only .189/.218/.314 before the White Sox demoted him on May 22. In 14 games with Triple-A Charlotte, he batted .211/.328/.351, which is hardly the kind of batting line that demands a call back up. The Brewers are sending him to their Triple-A affiliate in Nashville. Aaron Civale is now with the White Sox—at least for the time being—and it appears to be a satisfactory solution for everyone involved. He gets to stay in a major-league rotation, Vaughn gets a change of scenery, the Brewers get flexibility to let Misiorowski show what he can do, and Chicago gets an established starter and potential trade chip.
