On July 5, 2023, it was announced that Saudi Arabia is going to create a multibillion-dollar investment company that will “expand its sports interests.”[1] Saudi Arabia has been accused of using its investment in sports to distract the public from their poor record on human rights, which continues to be called into question. This act... Continue Reading →
Former professional wrestler Ted DiBiase Jr. was charged for his involvement in the largest corruption case in the history of Mississippi, a welfare fraud scheme where roughly $77 million was misappropriated from intended recipients. The funds were meant for low-income families in the poorest state in the nation; however, DiBiase and other wealthy, well-connected people... Continue Reading →
On Monday morning, World Wrestling Entertainment (WWE) agreed to merge with Ultimate Fighting Championship (UFC) to form a new publicly-traded company that will be listed on the New York Stock Exchange as “TKO.” Endeavor Group will control a 51% stake in the newly formed combat sports and entertainment company, while WWE shareholders will retain the... Continue Reading →
Source: USA Today Images. The XFL has laid off all employees and suspended operations, with no intention to return, according to ESPN's Kevin Seifert and Field Yates. Just a few weeks ago, the XFL canceled the remainder of its season - five regular-season games and playoffs - due to COVID-19. The XFL promised to pay... Continue Reading →