Celtics owner makes promises to Chelsea

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NBA arrow points up. League viewership for the 2021-22 regular season grew 19% year over year across ABC, ESPN and TNT. It helped that arenas were packed to capacity and the league had its first 82-game schedule since 2018-19.



Boston Celtics co-owner Stephen Pagliuca made a handful of promises regarding his investment and treatment of Chelsea FC should his syndicate be chosen to buy the team.

Bain Capital’s co-chair made a pitch based on honoring tradition and pledged to do so Renovate the club’s home on Stamford Bridge instead of moving and never changing the club’s name, colors or logo.

  • He stated that Chelsea would not join any revived European Super League. Chelsea joined the first attempt at the Breakaway League, a decision for which former owner Roman Abramovich publicly apologized.
  • He also pledged investments in the team to make Chelsea “Habit winner and title contender.”
  • Pagliuca promised to sell his majority stake in the Serie A club Atalantavalued at approximately $450 million.

Earlier this week, Pagliuca bolstered his bid by adding the NBA chairman Larry Tanenbaum. Tanenbaum is also Chairman of Maple Leaf Sports and Entertainment, which owns the Toronto FC, which includes the Maple Leafs, the Raptors and the Argonauts.

Government approval not guaranteed

The UK government has denied reports that it had pre-approved the four shortlisted bids. The team hopes to receive the final offers by Thursdaywhen the club presents its preferred bidder to government officials a week later.

Team officials hope to have the sale closed by 31. Maythe expiry date of the license granted by the British government, which allows Chelsea to continue operating after it confiscated the club from Abramovich.

All four bidders have stated that they will keep the club director Marina Granovskaya.

Chinese regulators have resumed approving new video game licenses for the first time in nine months, ending a government crackdown on the world’s largest games market.

The decision to suspend licenses for new games comes after online games were branded by Chinese state media “Spiritual Opium” adding that they negatively affect the health of minors – leading to new regulations restricting children to them three hours of gaming per week.

Tencent and NetEase lost more than $60 billion combined in market value in September 2021 after Chinese regulators informed gaming companies that the country plans to delay approvals for all new online games. The two companies took another step back after the National Press and Publication Administration released its list of 45 domestic titles that have been approved for new licenses, excluding both industry leaders.

  • Of the 45 titles, five are for PC, one for the Nintendo Switch and the rest are mobile.
  • The titles are primarily casual games with lower player spending.

China-based gaming companies were immediately impacted by the new approvals. On Monday, Bilibili Inc. rose 7.2% in US trading, while DouYu International Holdings rose 2.4%.

There’s more to come

China is expected to approve additional new game licenses. In the second half of the year, too, more titles than expected could come onto the market. Between 500 and 700 games expected to be approved in 2022, according to Niko Partners Senior Analyst Daniel Ahmad.


Swingers, a DJ-run mini-golf experience, is opening a 28,000-square-foot club in New York with six bars, three nine-hole courses and a capacity of 525 people.

Only three swingers locations are currently open, but co-founder and co-CEO Matt Grech-Smith expects that will be the case 17 locations by the end of 2025bringing in more than $220 million in sales.

  • In 2015, with just one venue in London, the company brought in 13 million dollars in sales. By 2016, it was exploring New York real estate.
  • The swingers’ second venue only opened in 2018 in London’s West End.
  • A third location opened in Washington, DC last year.
  • Edmund Spencer, a senior fellow at the Institute of Competitive Socializing, the swingers’ parent company, said: “We definitely are Been looking for a great location in Brooklyn, probably in Williamsburg.”

Nine holes range in price from $22 to $26, but Bloomberg reported that a full takeover of the venue would likely cost more than $30,000 with food and beverages included. The latter are between 14 and 17 US dollars.

The height of mini golf

Swingers raised $20 million from Cain International over the past year, underscoring the continued growth of the adventure golf market.

In May 2021 mini golf venture putting shack Raised $60 million in growth capital round. Puttery also received a round of funding from four-time major champion Rory McIlroy and his investment group last year. Symphonic ventures.

Metaverse builder Infinite Reality has agreed to acquire sports and entertainment conglomerate ReKTGlobal, Inc. for $470 million in stock.

The deal, which is subject to shareholder and regulatory approvals, would value Infinite Reality at €100 $2.47 billion and would see the company acquire all of ReKTGlobal’s assets and brands.

ReKTGlobal has a number of investors with sports-related backgrounds, including NBA center Rudy Gobert, NFL safetyman Landon Collins, and ATP player Taylor Fritz.

In January 2019, ReKTGlobal has one $10.8 million Series A funding round led by musician Nick Gross and has since expanded its reach into the gaming and media industries.

  • In June 2019, it bought the internet publisher Greenlit Content.
  • The company acquired fan-based insider programming provider Fullcube in October 2019.
  • In August 2020, the company acquired Fearless Media, a data-driven media agency.
  • Last March, the company acquired TalentX Entertainment, a social media monetization company.

Infinity Reality is also in talks to raise 150 million dollars or more through a private investment in public equity and is targeting further acquisitions in the near future.

Canceled Plans

ReKTGlobal has been in talks to go public via a merger with Bull Horn Holdings Corp, a blank check company backed by former NBA player Baron Davis. ReKTGlobal canceled its plans, believing it would be a wiser move to merge with a larger gaming company.

The newly combined company plans to generate at least $100 million in sales in 2022.


  • US Rep. Ralph Norman called on Carolina Panthers owner David Tepper to “break the silence and be transparent about what’s happening from his perspective” in response to offers of funding from Rock Hill, South Carolina, and York County for the Panthers’ proposed headquarters and training facility.
  • Pending government approval and not being relegated from La Liga 2, an investment group led by Jorge and Jose Mas Santos will do so acquire a 51 percent stake in Real Zaragoza. The two are co-owners of MLS club Inter Miami.
  • For the first time in over 30 years, WWE is planning a large stadium event in the UK on September 3 at the Principality Stadium.
  • A report on the condition of Highmark Stadium is recommended Replacement of seat panels and supports for the upper deck over the next five to seven years, escalating the urgency to build a new stadium for the Buffalo Bills.

Are you interested in visiting a swingers mini golf course?

Tuesday’s answer
54% of respondents believe the Oakland A’s will move to Las Vegas.


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