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Happy Friday. Hoping your week looked a bit like
Shawn “Jay-Z” Carter’s.
Sold 50% of Ace of Spades, his champagne brand, to LVMH for $300M
Sold a majority stake in TIDAL to Square for $297M and joined
Invested early in Oatly, which filed to IPO later this year
How is this sports related? Jay-Z is highly intentional and, in my opinion,
likely stacking cash for a big investment. Since the 2019 partnership
between Roc Nation and the NFL, there’s been talk of Jay-Z taking a
significant stake in an NFL team. Maybe the time is now.
In today's Sprint:
🏀 All-Star Weekend
🏈 Fighting lions
Trivia: Who is the oldest player
to ever play in an NBA All-Star game?
DraftKings, Penn National (which should rename itself Barstool), and FanDuel
are in a mad dash to capture the hearts and wallets of sports bettors
everywhere. This week, DraftKings made two major moves.
You’ll be able to see odds and initiate bets directly on your Dish TV. Talk
about dangerous for the wallet.
The head scratcher here is why DraftKings partnered with Dish instead of
YouTube TV or a similar service with more audience overlap.
It either: wants to reach a new market or test the performance of the TV
integration for future deals. Our bet is on the latter.
The knockout blow
into the octagon with the UFC in a massive five-year, $350M
deal to become the official sportsbook of the mixed martial arts
This is huge. DraftKings will be able to offer in-game promotions,
in-broadcast odds integrations, and use UFC branding across its daily
fantasy and betting products. Not to mention, UFC is one of the fastest
growing brands in sports.
Zoom out: Since 2018, when the Supreme Court
lifted federal restrictions on the sports betting industry, business has
boomed. In November 2020, in New Jersey alone, $931M was wagered
DraftKings knows the more it immerses fans into games (or fights), the more
likely it is to stay atop its competitors.
The NBA All-Star game is this Sunday, March 7th. Let’s get prepared.
5:00: Coverage begins on TNT
6:30: 3-Point Contest and Skills Challenge
8:00: All-Star game tip off
Halftime: The Dunk Contest
3-point Contest: Headlined by Steph Curry and Devin Booker, every
participant this year is an All-Star… sorry, Joe Harris.
Skills Challenge: Also loaded with talent, Luka Doncic and Chris
Paul are the early favorites.
Dunk Contest: Fans (and the NBA’s marketing team) hoped Zion
Williamson would headline the event. However, Obi Toppin, Cassius
Stanley, and Anfernee Simons can throw down in their
All-Star Game: Team LeBron and Team Durant (rosters)
will play to a Final Target Score, calculated by taking the leading
team’s score at the end of the 3rd quarter and adding 24. Why 24? To
honor Kobe Bryant.
(20-1) #3 Baylor 81 vs.
(17-7) #17 Oklahoma State 70
After watching freshman phenom Cade Cunningham limp off the court,
the Cowboys are happy to lose only the game and not their star
(16-7) #15 Texas 69 vs.
(14-9) #16 Oklahoma 65
Texas avenged an early season loss and looks more like the team that
reached #4 in the rankings than the one that’s taken the court
(19-8) #13 Kansas 67
vs. (12-11) UTEP 62
UTEP held Kansas to 20 points in the first half before losing the
lead with under three minutes to go.
(12-5-3) Philadelphia Flyers 4 vs. (12-9-1) Pittsburgh Penguins 3
After the Penguins scored three goals in 71 seconds during the first
period, the Flyers pulled off the comeback thanks to Claude Giroux
(47 pts) Chelsea 1 vs.
(43 pts) Liverpool 0
With this loss, Liverpool became the first defending Premier League
champion to lose five consecutive home matches.
Team LeBron vs. Team Durant - Sun. 8:00 ET on TNT
#4 Illinois (19-6) vs. #7 Ohio State (18-7) - Sat. 4:00 ET on ESPN
#3 Baylor (20-1) vs. #18 Texas Tech (17-8) - Sun. 4:00 ET on ESPN
#2 Michigan (19-2) vs. Michigan State (14-11) - Sun. 4:30 ET on CBS
#22 Ohio State (13-6) vs. #24 Rutgers (13-3) - Fri. 8:00 ET on ESPN
St. Louis Blues (13-8-1) vs. LA Kings (9-8-4) - Fri. 9:00 ET on ESPN+
Winnipeg Jets (15-7-1) vs. Montreal Canadiens (10-6-6) - Sat. 7:00 ET on
Buffalo Sabres (6-12-3) vs. New York Islanders (13-6-4) - Sun. 12:00 ET on
Manchester City (65 pts) vs. Manchester United (51 pts) - Sun. 11:30 AM ET
WATER COOLER TALK
🎥 LeBron James revealed the initial
pictures from the upcoming Space Jam remake. Like always, expect
LeBron’s version to be compared to Jordan’s.
🏈 Free agent Juju Smith-Schuster was
spotted playing tug of war… with a lion.
🏈 Big Ben restructured
his contract with the Steelers to drop his original $40+ million cap
hit by over $14 million, clearing room for the team to sign top free agents.
⚾️ The MLB will hold Lou Gehrig Day annually on June 2nd to raise
awareness and money for ALS, while honoring the late icon.
🏀 Sports media company Overtime announced “Overtime Elite,” a new
league focused on 16-18 year-olds. The unique piece? The kids get
equity in Overtime and, if they don’t go pro, $100k to pursue their
education. The investor list is crazy: Kevin Durant, Carmelo Anthony, and
a16z (VC firm).
🏀 Luka Doncic became a first-time equity
investor through his deal with sports drink company BioSteel. His title?
Chief Hydration Officer.
A. For the 2019 All-Star Game, Nowitzki (40) and
Wade (38) were named special roster additions to honor them in their final
year in the league. Nowitzki had 9 points in under 4 minutes played.