In recent years, U.S. investors have been increasingly drawn to the global sports market, particularly European soccer clubs. However, instead of targeting the marquee teams with sky-high valuations, some investors are shifting their focus to smaller clubs with lower valuations. This article explores the reasons behind this shift and analyzes the potential benefits and challenges
Business
The United Auto Workers (UAW) members employed by Mack Trucks, owned by Volvo Group, are facing a critical decision this weekend as they vote on a tentative agreement. However, this agreement falls significantly short of their expectations, posing a challenge for these workers to accept a deal that does not meet their demands. Union members,
Investors seeking temporary refuge from the turmoil caused by a surge in longer-term yields have poured their money into short-term U.S. government bonds, particularly 52-week Treasury bills, according to Lindsay Rosner, head of multi-sector investing at Goldman Sachs asset and wealth management. The most recent auction of these bills saw a humongous demand, exceeding supply
The Arizona Coyotes, a National Hockey League (NHL) team, recently announced a multi-year deal with E.W. Scripps Co., a broadcast station owner, to air their local games on over-the-air networks. This move comes as Diamond Sports Group, the largest owner of regional sports networks, rejected its contract with the Coyotes due to bankruptcy protection. With
In a surprising turn of events, Popeyes has just surpassed KFC as the second-largest chicken chain in the United States. This comes ten years after Chick-fil-A took the top spot, leaving KFC scrambling to regain its dominance. The battle for market share and customer loyalty among these chicken chains has become increasingly fierce in recent
The ongoing strike by the United Auto Workers (UAW) union against the Detroit automakers has raised concerns about its impact on General Motors’ (GM) third-quarter sales. Despite the work stoppages, GM reported a significant increase of 21.4% in sales from July through September compared to the subdued sales in the same period last year. This
Fast-food drive-thru lanes have experienced a significant shift in customer behavior, as more individuals are opting for the convenience of ordering from the comfort of their cars. However, an annual study conducted by Intouch Insight reveals that despite the increase in drive-thru popularity, there has been a decrease in the overall time spent in these
For over a century, frosted cornflakes have been the cornerstone of Kellogg’s business. However, the company is making a significant change by spinning off its stable cereal business and focusing on its faster-growing snack unit. In fact, Kellogg’s will even be renaming itself Kellanova to reflect this new direction. This move by Kellogg’s is not
The city of Detroit is currently witnessing a simmering conflict between the Detroit automakers and the United Auto Workers (UAW). As work stoppages continue for the second week, tensions are rising and accusations are being exchanged, indicating a dwindling likelihood of an imminent breakthrough in negotiations. The UAW, representing approximately 146,000 autoworkers, is expected to
GameStop, the popular video game retailer, has announced a significant leadership change that has caught the attention of investors and industry observers alike. Billionaire activist investor Ryan Cohen has been appointed as the company’s new chief executive, chairman, and president, effective immediately. This move comes as a surprise, as Cohen will not be receiving any