GIBBI, Today
In this newsletter I write the 5 most important news that I read in the day about businesses, media and sports in México and in the World.
Stories:
Eli Manning Invests in XTech
Liga MX: Week #3 - Predictions
NFL, ESPN closing in on Equity Ownership Deal
Bobby Wagner Takes Ownership Stake in Seattle Storm
China Need to Approve TikTok U.S. App Sale by September Deadline
Eli Manning Invests in XTech (CNBC)
The former New York Giants quarterback on Thursday announced he has invested in sports protective equipment maker XTech
Manning, who wore XTech shoulder pads during his playing days, said he took a stake in the company because he believes in the product and wants to make sure that youth athletes have the same high-level safety equipment that NFL players have
Since his retirement in 2020, Manning has turned to investing in sports through his private equity firm Brand Velocity Group and through private investments. He is also a minority owner in the National Women’s Soccer League’s Gotham FC and TGL’s New York Golf Club
GIBBI View: Relating to this article, I like sports, and I write and record videos about them, so one idea that I have in mind is to create a product (I need to make my research) that I can sell to a sport league or team and I can create my own company?, so I’ll write an article about this business idea
Liga MX: Week #3 - Predictions (GIBBI)
Friday:
Puebla vs Santos
Querétaro vs Pumas
Xolos vs Bravos
Saturday:
Tuzos vs Mazatlán
Chivas vs Atlético San Luis
Toluca vs Tigres
Cruz Azul vs León
Rayados vs Atlas
Necaxa vs América
GIBBI View: The Liga MX will “stop” for another month because it’ll start the 2025 Leagues Cup, the third edition where Inter Miami and Columbus Crew won the first two editions, so this Liga MX will wait 4 weeks to play the Week #4, unbelievable; My Prediction: Xolos, Tuzos, Chivas, Toluca, Cruz Azul, Rayados & América win their games, the rest of the games will finish in a tie
NFL, ESPN closing in on Equity Ownership Deal (Awful Announcing)
For ESPN, it would be taking ownership of NFL Network and RedZone with other potential NFL Media assets available for Bristol’s new direct-to-consumer platform
For the NFL, it could be up to a 10% ownership stake in ESPN according to Alex Sherman (CNBC’s journalist)
ESPN is trying to fight against those headwinds, hence this NFL deal and their new DTC platform. ESPN has been more conservative in their spending in some areas, but more aggressive in others. And by far their most aggressive spend is with the NFL, who they could soon officially be business partners with
GIBBI View: ESPN understood that NFL is its best “product” to offer, so for that reason ESPN decided to “eliminate” programs/sports that don’t generate a lot of money and focus in programs/sports that generate a lot of money; Interesting that ESPN will buy only some subsidiaries of NFL Media not all the holding, and that NFL will buy some stake in ESPN that will be between $2 billion-$2.5 billon
Bobby Wagner Takes Ownership Stake in Seattle Storm (Front Office Sports)
Washington Commanders linebacker and Super Bowl champion Bobby Wagner has joined the ownership group of the Seattle Storm, becoming the first active NFL player to hold equity in a WNBA franchise
The Seattle Storm have emerged as one of the league’s most valuable franchises. Four-time WNBA champion and former Storm star Sue Bird joined the ownership group last year, and in June, the team reportedly sold minority shares at a $325 million valuation
The WNBA is in a major growth phase, with three new expansion teams (in Cleveland, Philadelphia, and Detroit) set to bring the league to 18 franchises by 2030. A league source previously told Front Office Sports each team paid a record-high $250 million
GIBBI View: Remember that the CBA between WNBA & WNBPA will expire in the end of 2025, so if both parts don’t reach a deal the most probably is that WNBA 2026 Season won’t be played because until this moment they’ve not reached a deal yet
China Need to Approve TikTok U.S. App Sale by September Deadline (VARIETY)
Howard Lutnick, President Trump’s Commerce Secretary, said TikTok will go dark for the video app’s millions of American users unless China agrees by a Sept. 17 deadline to a deal that will give the U.S. owners majority control over the app
Trump last month issued his third executive order delaying enforcement of the law until Sept. 17 while members of his administration attempt to hammer out a deal to restructure TikTok U.S.’s ownership in a way that complies with the law — while also being an arrangement the Chinese government will approve
ByteDance has said 60% of its ownership is represented by global institutional investors including BlackRock, General Atlantic and Susquehanna, with 20% owned by its Chinese founders and 20% by employees including those in the United States
GIBBI View: I think that President Donald Trump will give his 4th and last extension so ByteDance can sell TikTok U.S. to American Investors/Companies, so the most probably ByteDance nor China won’t sell TikTok U.S. and TikTok U.S. will go dark in the end of the year