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The average NHL franchise is now valued at a whopping $1.79 billion, up 37 percent in the past year alone. GO DEEPER Rogers buys out Bell's ownership stake in MLSE The New York Rangers and Montreal Canadiens are the NHL’s next two most valuable franchises, at $3.25 billion and $2.93 billion, respectively. NHL team valuations still significantly trail those in …

Teams

Over a span of five days this month, two NWSL clubs were sold and a third began searching for additional investors, setting the tone for what is shaping up to be a record year for professional women’s soccer in the United States. It started with San Diego Wave FC when the team’s principal owner Ron Burkle agreed to sell the …

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Editor’s note: An earlier version of this story stated that Mat Ishbia was buying the Suns and Mercury for $4 billion. By Shams Charania, Bill Shea, Sabreena Merchant and John Hollinger Billionaire mortgage lender Mat Ishbia and his brother Justin have agreed to purchase a majority stake in the NBA’s Phoenix Suns and WNBA’s Phoenix Mercury, the teams announced Tuesday. …

LAFC forward Carlos Vela holds up a trophy and celebrates with teammates after defeating Austin FC in the MLS Western Conference final Sunday in Los Angeles. The Union won the Supporters’ Shield in 2020 and matched LAFC with 67 points this season, then routed defending league champion New York City FC in the Eastern Conference final. “It’s quite clear why …