September 28, 2022

FOS PM: the United States will boycott the Olympics

Tom Brady, who co-founded the NFT Autograph platform, plans to release more than 16,000 collectibles to mark the start of his football career in the NFL. The NFT set will include the crampons and jersey that the seven-time Super Bowl champion wore during the NFL 2000 combine, as well as the stopwatch used. It’s unclear if that will include the iconic shirtless pic.

The Biden administration announcement a diplomatic boycott of the Winter Olympics in China on Monday.

Political action will does not prevent American athletes from competing Beijing Games, but banned U.S. government officials from attending.

The boycott is a protest against human rights “atrocities”, said press secretary Jen Psaki. A bipartisan group in the House of Representatives has already introduced legislation to trigger a diplomatic boycott, citing the genocide of the Uyghur population in China.

The boycott further complicates the situation for the main Olympic sponsors.

  • Ten of the 12 biggest Olympic sponsors, including Coca-Cola, Intel, Toyota and Procter & Gamble, team up to 110 billion dollars of the country’s annual revenue, according to Bloomberg.
  • Nike and Adidas were boycotted in China after the two companies expressed concerns over reports that Uyghurs were subjected to forced labor in the Xinjiang region.
  • In April, Nike sales fell 59% and Adidas sales plummeted 78% year after year on China’s largest e-commerce platform, Alibaba’s Tmall.

Chinese Foreign Ministry spokesman Zhao Lijian said earlier that if the United States boycotted, “China will take resolute countermeasures.”

The Beijing Olympics will kick off on February 4. The United States will host the Summer Games in Los Angeles in 2028.

Leeds United / Design: Alex Brooks

The San Francisco 49ers owned group have reached a deal to buy Leeds United from the Premier League for more than $ 530 million, according to at the Athletic.

The deal includes an option for 49ers companies to acquire 100% control of Leeds by January 2024 – including the club’s Elland Road Stadium, which in June approved a plan to increase capacity to 55,000.

49ers Companies at the origin purchased a 10% stake in the declared value club $ 13.6 million in 2018 from majority shareholder and Chairman of Leeds Andrea Radrizzani.

Radrizzani bought the club from Italian entrepreneur Massimo Cellino in 2014 for $ 52 million and currently maintains a 56% of the capital.

Leeds returned to the Premier League in 2020 after a 16-year absence, prompting 49ers Enterprises to steadily increase their participation.

  • In December 2020, he raised his stake to 25%, valuing Leeds at $ 326 million.
  • A month later, the group increased its minority stake to 37%.
  • Last month it increased its stake to 44%.
  • The cost of purchasing 100% control includes money already paid for existing stakes.

Radrizzani wants Leeds to be value $ 1.15 billion over the next five years. Last year, the owner expressed his willingness to sell stakes in the club to achieve this goal. It is expected that Radrizzani will retain a minority stake once the deal is finalized.

STS / Design playgroup: Alex Brooks

Poland’s largest sports betting company STS Holding SA has said it wants to use the $ 266 million raised during its IPO to an investment arm.

The company plans invest in Warsaw-listed stocks in the technology, e-commerce and real estate sectors, which will take 20% to 30% of the company’s portfolio, according to CEO Mateusz Juroszek.

Since February 2021, STS has a 45.8% of the market to share Poland. The company is run by the Juroszek family, who owned 100% of the company’s shares before the company went public.

  • Juroszeks hold 10% of the shares of asset managers Skarbiec Holding SA and Quercus TFI SA.
  • The family also owns stakes in Flutter Entertainment, Evolution AB and Better Collective – and are looking for more investment opportunities in the United States.
  • The company would consider Poland the largest e-commerce platform, Allegro, despite falling its shares by 56% due to Amazon’s entry into the Polish market.

“We are looking for targets in Central and Eastern Europe, but we have nothing specific on the radar,” Juroszek said.

Juroszek does not expect the investment entity to be fully operational as long as five years. It will also include dividends from the family home building business, Atal SA. STS’s IPO doubled the value of Atal to the company.

  • In The Leadoff, the Premier League confirms its interest in NFTs, Sony plans to launch a service to compete with Microsoft’s Game Pass, Churchill Downs plans to sell its betting arm and a SPAC is preparing to force the Houston owner Rockets, Tilman Fertitta, to go through a previously agreed merger. Click here to listen.
  • Miami-based investment firm 777 Partners is would have interested in acquiring Saint-Étienne from Ligue 1. Total Sports Investment, Terrapin Partners and Smart Good Things have also expressed interest in the club, which reached an asking price of $ 67.8 million during the summer.
  • Sports agent Rich Paul and New Balance have in partnership to launch a collection of shoes and clothing. The collaboration is an effort to attract younger consumers and take a different approach to celebrity referrals. Part of its income will be donated to charity.
  • There has not been a repeat Super Bowl champion since Tom Brady led the New England Patriots to titles in 2003-04. Today, 17 years later, Brady, 44 can do it again with the Tampa Bay Buccaneers – and he’s still the best quarterback in the NFL. Subscribe to the Sports section to find out more on the triple MVP.

(Note: All at market close on 12/21/21)

The New England Patriots (8-4) face the Buffalo Bills (7-4) tonight at Highmark Stadium.

How to watch: 8:15 p.m. ET on ESPN

Betting odds: Invoices -2.5 || ML -140 || O / U 41 *

To take: Expect the Buffalo Bills to build on last week’s road victory. Take Buffalo to cover.

Who do you have? Respond to this newsletter with your prediction for the winner of the Patriots-Bills and the final score.

* Dimensions / lines subject to change. The T & Cs apply. See for details.