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October 12, 2022

Chris Paul Backs New TBT-inspired Soccer Tournament

The Basketball Tournament is expanding beyond just hoops. TBE Enterprises announced on Tuesday that they’re creating a $1 million winner-take-all 7 vs. 7 competition soccer event in 2023. TST has already has its first two teams: Team Dempsey, founded by US National Soccer Hall of Famer and former US Men’s National Team star Clint Dempsey, and Hashtag United, the popular British football and esports club. “Our model has always been about open access for all, something European soccer embraces through promotion/relegation and events like the FA Cup,” said founder and CEO Jon Mugar. Chris Paul, who co-owns TBE Enterprises, expressed his excitement for the upcoming tournament, saying, “The model breeds intense competition and is built for success beyond just basketball.”

Read more from Boardroom’s Russell Steinberg.


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MLB Makes History with CBD Company Charlotte’s Web

Major League Baseball became the first of the four major sports leagues in the United States to enter an official contract with a CBD comapny. Amidst the start of the divisional series, the MLB announced that it has signed a multi-year deal with Charlotte’s Web. The company is known for its line of topical solutions and gummy products, which are used to treat pain and stress. With the partnership, Charlotte’s Web becomes the “Official CBD of Major League Baseball.”

Tom Brady, Kim Clijsters Team up to Tackle Pickleball

Major League Pickleball is on the rise. Last week, the league revealed that LeBron James and Maverick Carter will own a team, as MLP sets to expand. Now, Tom Brady and women’s tennis legend Kim Clijsters are getting into the mix. The all-star owners join Gary Vaynerchuk, famed lecturer Brené Brown, co-owner of the Milwaukee Bucks Marc Lasry, and former tennis player James Blake as those who have emerged with team rights.

Boardroom’s Anthony Puccio has all the details on TB12’s latest moves.

Frank Ocean Heads to the MoMA

Frank Ocean is an artist, and while he hasn’t put out a full-length album since 2016, he stays relevant in the culture. The seven-time Grammy Award winner is taking his talents to New York’s Museum of Modern Art. The cover of his 2016 album Blonde is currently featured in an exhibit in the museum’s famed halls. Wolfgang Tillmans shot the photo and serves as the featured artist of the new exhibition. The exhibit will be open through Jan. 1, 2023.

Fanatics Prepares for Big Betting Move

Fanatics CEO Michael Rubin announced at the CAA World Congress of Sports that the company’s sports betting business will launch in multiple states beginning in Jan. 2023. He explained that Fanatics — the online manufacturer and retailer of licensed sportswear, sports collectibles, NFTs, trading cards, sports merchandise, and now sports betting — will be in every major market, excluding New York. Last fall, Fanatics missed the final cut for a coveted bid for a mobile sports betting license in New York.

Giants-Packers Brings in 5.5M Viewers, Sets New International Series Record

There have been 31 games played in London since the league introduced the game across the pond in 2007 — and none have featured two teams with winning records. That was, of course, until this past Sunday when the Giants (4-1) defeated the Packers (3-2) in Week 5. Perhaps that’s why viewership for the game garnered 5.5 million viewers. It became the NFL Network’s most-watched International Series game on record since its launch in 2016. The 5.5 million viewers represent a 55% year-over-year increase as compared to the Week 5 London matchup between the Jets and Falcons. Next, the NFL will head over to Munich, Germany on Nov. 13, where the Seahawks will take on the Bucs.

Prime Video Announces Docuseries on Deion Sanders

Coach Prime. Prime Video. Is there a better collaboration? Coach Prime, the four-part docuseries on Deion Sanders and the Jackson State Tigers is coming to the streaming service. Premiering in December, it’s considered a continuation of Barstool Sports‘ YouTube series that focuses on coach Sanders.

Merritt Paulson Steps Down as CEO of Portland Timbers, Thorns

Merritt Paulson, CEO and owner of the Portland Timbers and Portland Thorns, announced that he’s stepping down as CEO for both teams amid reports alleging sexual misconduct and improper handling of reports of abusive behavior within the Thorns organization. “Part of me holding myself accountable is recognizing that someone else needs to take the reins of the organization and operational decision-making,” said Paulson in a statement. In the meantime, general counsel Heather Davis will take over as interim CEO. Sarah Keane — Davis’ chief officer appointee — will lead the search for a new CEO.