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Sports media had everything on Thursday; golf, VC fundraising, Saudi Arabia, Shaq… pickleball.
LIV, the Saudi Arabian golf league that’s earned the ire of pretty much everyone besides Phil Mickelson and Dustin Johnson, has finally found a home on American TV after striking a deal with the CW Network. Yes, that CW Network. In less controversial sports news, The Tennis Channel has deepened its partnership with Major League Pickleball and will now air the league’s semifinal and finals.
Happy Gilmore Girls
The CW, which mostly features melodramas surrounding young, attractive people and their absurdly intense high school problems, is finally introducing live sports to the network. LIV, whose current season is expected to cost the Saudi Arabian government $1 billion, hasn’t been able to broker deals with an American broadcaster until now.
A lot of that had to do with the Gulf Nation’s litany of human rights violations. The country’s got plenty of money to burn – $612 through its Public Investment Fund to be exact – but it was easier for US networks to just avoid the PR nightmare especially since those same broadcasters already have plenty of sports media rights:
- Details on the multi-year deal between LIV and the CW’s parent company Nexstar Media are scarce. No figures have been disclosed, but the network will broadcast 14 events in 2023, starting as early as next month with the promotion’s invitational in Mexico.
- LIV and its US competitor, the PGA Tour, are bigger rivals than Riverdale and Baxter High. While the PGA is suing LIV for antitrust issues and poaching its players, LIV filed a complaint suggesting the PGA Tour was responsible for funding anti-Saudi protests during its events last year. And they call golf a gentlemen’s game.
That’s a Paddlin’: Over in the world of giant ping pong, The Tennis Channel will begin broadcasting even more pickleball this year. “Fastest growing sport” is often a wonky phrase thrown onto ridiculous activities like chess boxing, but in the case of pickleball, where the global market for the paddles alone is worth more than $150 million, it might be true. According to the Fitness Industry Association participation in pickleball grew by nearly 40 percent between 2019 and 2021.
All In: Venture capital firm Courtside Venture, which includes investors like Dick’s Sporting Goods and Shaquille O’Neal, raised $100 million Thursday for a fund that will support sports-related start-ups. It’s previously pumped money into The Athletic news site and the Drone Racing League. The focus now is sports betting, especially in countries with lax regulations. You know, the things that are meant to minimize rigging and addiction. So a deal with Saudi Arabia is definitely not on the table this time. Hello, Nigeria.