US Reviewing Visa Denial for Venezuelan Little League Team Barred from World Series 
Trump Threatens Stadium Deal Over Washington Commanders Name 
Why Manchester City offered Erling Haaland the longest contract in Premier League history 
Trump’s U.S. Open Visit Delays Final, Fans Face Long Security Lines 
NBA Returns to China with Alibaba Partnership and Historic Macau Games 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Trump Booed at Club World Cup Final, Praises Pele as Soccer’s GOAT 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Trump Urges Hall of Fame Induction for Roger Clemens Amid Renewed Debate 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
LA28 Confirms Olympic Athletes Exempt from Trump’s Travel Ban 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
U.S. Plans $115 Million Counter-Drone Investment to Secure FIFA World Cup and Major National Events 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Michael Rubin, the CEO of digital sports platform Fanatics, is selling his reported ten percent stake in Harris Blitzer Sports & Entertainment (HBSE), owner of the NBA’s Philadelphia 76ers and the NHL’s New Jersey Devils.
According to Rubin, with the Fanatics business grown, he has to navigate many obstacles to ensure their new business doesn’t conflict with his responsibilities as Sixers part-owner.
He noted that their trading cards and collectibles business and a soon-to-launch sports betting operation will directly conflict with the ownership rules of sports leagues.
The 49-year-old Rubin last upped his holding in HBSE in September 2020 to become its third-largest shareholder behind managing partners Josh Harris and David Blitzer.
After selling a stake, reportedly between five and ten percent, to private equity company Arctos Sports Partners this month, HBSE was valued at more than US$3 billion.
Fanatics, whose’ valuation hit US$27 billion in March, has established a trading card business and launched its Candy Digital non-fungible token (NFT) venture.
Major acquisitions for Fanatics this year have included lifestyle brand Mitchell & Ness from Juggernaut Capital Partners and trading card giant Topps for US$500 million.
