Sport

One draft slot can swing a rookie's guaranteed money by tens of millions, before he's thrown a single pass.

Stan Kroenke is paying an MLB-record price for a team with the league's longest active playoff drought. The number makes more sense once you stop looking at the roster.

The WPBL raised about $3 million and drew 55,000 fans in its first season. Its largest outside investor now says she can't get a straight answer on where the money went.

There's no hard limit on what an MLB team can spend, just an escalating tax that starts to bite hard the more you go over it.

Bob Iger and Josh Kushner just bought the Lakers for a record $12.5 billion, months after the previous owner paid $10 billion. Here's how you buy something bigger than your own net worth.

The NBA's new media rights deal is enormous. The league still won't let salaries jump all at once.

Nevada no longer requires purse disclosure, so the real number is an estimate, but the funding source behind it is on the record: Saudi Arabia's Sela, not the gate or TKO itself.

A $10 million headline purse can shrink by half before the fighter ever sees it. Here's where it actually goes.

A flagship deep dive: the IPL locks every franchise to the same auction purse and the same guaranteed central payout, on purpose. What it can't equalise is what a franchise is actually worth, and that gap is the real business of Indian cricket.

Diageo turned a $112 million cricket bet into a billion-dollar exit, but the fixed auction purse that decides what RCB can actually spend on players next season is exactly the same as everyone else's.

Ben Stokes just became the most expensive player in Big Bash history. The salary cap didn't move. What changed is who's allowed to spend it.

On ended Mbappé's 20 year run with Nike by reportedly handing him equity instead of just a paycheck, the same structure it used to sign Roger Federer, now aimed at football's biggest market.

Boehly and Mark Walter walked away with a combined £950 million for the stakes they bought in 2022, as Clearlake Capital consolidated full control of the club.

France's financial regulator forced Monaco into a corner: sell or breach a wage cap. Deadline day came and went, and both intended sales fell apart.

FSG sold roughly 30% of Liverpool to a consortium including Jeff Bezos, valuing the club at £5.5bn. FSG paid £300m for the whole thing in 2010. That's the number worth sitting with.

A flagship deep dive: how a leveraged buyout from 2005 turned into today's record debt, why cost-cutting at the edges barely touches it, and why a new stadium might actually be the sanest financial decision the club has made in years.

Premier League clubs spend far more on wages than La Liga's. So why is La Liga's pay gap so much wider?

Ronaldinho is 46 and hasn't played professionally in over a decade. What Ravenna actually signed was reach, attention, and a name that sells itself, the shirt queue is just the easiest part to measure.

La Liga's spending rule is stricter than anything in England. Here's how Barcelona keeps finding a way through it.

Man City just signed the longest deal in Premier League history. The interesting part isn't the money, it's why the length matters.

TWG Global says Cadillac's Formula 1 team isn't for sale. The insurance companies that helped bankroll owner Mark Walter's sports empire are now being forced to unwind billions in loans to his own ventures, and that is a harder problem to deny.

A new deal to 2030 looks like loyalty. It's actually Red Bull finally closing the exit routes built into his last contract, and driver pay sitting entirely outside the sport's cost cap is why they could afford to.

Team values are up 89% in two years. The cost cap did more than level the racing.

Saudi Arabia's PIF has reportedly put around $5 billion into LIV Golf. Chapter 11 is where that money meets the players' multi-year guarantees.

LIV pays you for showing up. The PGA Tour doesn't. That one difference explains most of the last few years.

The NHL handed players back a record $170 million this summer under its escrow system. That number only exists because the system took the money away from them first.

A positive cocaine test could keep Kyrgios out for up to four years. The real financial exposure isn't ranking points, it's the nine sponsor deals watching how this plays out.

No salary, no team, no guaranteed pay. Tennis runs on the purest pay-to-play model left in professional sport.

Paramount is paying the UFC roughly double what ESPN did. The fighters got doubled bonuses too, which sounds generous until you look at what share of the business those bonuses actually represent.