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Kelce grabs a stake in his hometown MLB team

 Kelce grabs a stake in his hometown MLB team

Travis Kelce wearing Guardians jersey

Frank Jansky/Getty Images

On Fridays, the Brew’s Dave Lozo looks at a sports business story that says a lot more than just the final score of a game.

Kansas City Chiefs tight end and frequent subject of Taylor Swift songs Travis Kelce became a minority owner of MLB’s Cleveland Guardians this week, joining a long line of athletes to dip a toe into sports team ownership.

“The opportunity came across my desk and I just couldn’t say no,” said Kelce, a Cleveland Heights native who shocked many by revealing that he owns a desk. Kelce’s share came out of the 35% stake owned by Blackstone exec David Blitzer, who can become the majority owner after the 2027 season.

Other athletes with ownership stakes in pro teams include: LeBron James (Boston Red Sox, Pittsburgh Penguins); Tom Brady (Las Vegas Raiders and Aces); David Beckham (Inter Miami CF); Giannis Antetokounmpo (Milwaukee Brewers); and Kelce’s teammate, Patrick Mahomes (Kansas City Royals).

Sports team valuations have soared to new heights, and the Guardians are no exception. Per Forbes, the team was valued at $920 million in 2017 but is worth $1.7 billion today.

The first Star Wars movie in 7 years might flop

 The first Star Wars movie in 7 years might flop

Scene from The Mandalorian and Grogu

Lucasfilm

Disney has a lot riding on a little alien child. The Mandalorian and Grogu officially hit theaters yesterday, and the entertainment giant desperately needs Baby Yoda to revive the famous franchise’s fading box-office appeal.

But the Force may not be strong with this one. The film is at risk of having the worst opening for any Star Wars movie ever:

  • The Mandalorian and Grogu is projected to make $80 million to $100 million domestically this weekend. That would be less than Solo: A Star Wars Story, which is the franchise’s only film to lose money (so far).
  • In revenue from preview viewings, The Mandalorian and Grogu is already behind Solo, which also premiered over Memorial Day weekend (in 2018).

Potential obstacles: The film is a continuation of a Disney+ series that first endeared viewers to Baby Yoda in 2019. Potential audiences might assume the show is a prerequisite for understanding the movie. And some series fans may not be interested in the flick, either—reviews for the show had soured by its third and final season, which aired in 2023.

So, why send Grogu to the big screen? Possibly because his adventures with Pedro Pascal’s Mando are the most family-friendly Star Wars content around, and Memorial Day weekend is prime time for casual movie theater walk-ins. Plus, if the film disappoints at the box office, some analysts say it could still spur a Grogu merch resurgence.

High stakes, these are

Disney could use a win with Star Wars fans who were concerned with the company’s 2012 acquisition of Lucasfilm, the franchise’s production company.

The first rebooted Star Wars film, The Force Awakens, smashed the box office in 2015 and became the highest-grossing film domestically in US history, but momentum has since slowed. The 2019 film The Rise of Skywalker—the most recent Star Wars movie—earned mixed reviews and half as much money as The Force Awakens.

Meanwhile…Disney’s superhero movies are also struggling at the box office. Warner Bros.-owned DC’s Superman outgrossed every Marvel release last year, breaking a 17-year winning streak for the MCU.

This year’s broadcast deals are chaotic

 This year’s broadcast deals are chaotic

Person watching broadcast of FIFA World Cup in a lottery selling point

CFOTO/Getty Images

FIFA’s global media rights for World Cup 2026 are like a kids’ rec soccer game: slow-going, messy, and featuring many players who aren’t doing what the big bosses wish they would.

It’s all in the timing. In big countries where swaths of the population will be asleep or groggy when the North America-based games kick off, FIFA may be getting less money from broadcasters than it was hoping for:

  • Last week, FIFA finally reached a broadcast deal with India, the world’s most populous country, after cutting its asking price from $100 million to $60 million. The final amount may have been lower—an Indian broadcaster that paid $60 million for the 2022 rights ultimately lost money, and that World Cup was hosted in Qatar, a much closer time zone.
  • China, the world’s second-most-populous country, reached a late-stage deal with FIFA last month that valued the 2026 World Cup rights at $60 million—down from the $300 million FIFA reportedly originally sought there—at least in part because of the massive time difference between China and North America, the Associated Press reported.

Meanwhile…the TV operator that aired the World Cup in Malaysia for more than two decades will pass the torch to a public broadcaster this year, after saying “rampant piracy” had heavily devalued the rights.

Even so…FIFA expects record broadcast revenue from this World Cup, propelled by lucrative deals in North America and Europe. Also, this year’s tournament expanded to have 104 matches instead of 64, which gave FIFA more content to sell to broadcasters.

Waymo service takes a multicity rain check

 Waymo service takes a multicity rain check

Waymo stuck in floodwaters in Atlanta

11 Alive

Waymo and its self-driving cars are used to making waves, but this isn’t what they had in mind. After several incidents of its robotaxis driving into floodwaters, the company announced on Thursday that it’s temporarily halting its service in Atlanta, Austin, Dallas, and Houston due to inclement weather.

So, what happened? During a bout of heavy rain in Atlanta on Wednesday, an empty Waymo car Leeroy Jenkins’d into a flooded street and got stuck. Elsewhere in the city, a different Waymo vehicle with a journalist inside also repeatedly tried its hand at self-boating.

There were precipitating events: Waymo had already halted service in San Antonio last month over a similar incident. And last week, the company issued a recall on thousands of its vehicles to perform a software update aimed at solving the problem. According to Waymo:

  • The update—meant to be a temporary fix—instructed vehicles not to drive when there’s an elevated risk of flooding.
  • But that didn’t work in Atlanta, because the flooding started before emergency alerts were sent out.

Waymo said it’s working on additional software changes and will monitor conditions to decide when it can safely lift the service suspensions.

Big picture: Waymo says data proves its vehicles are safer drivers than humans when it comes to avoiding collisions that result in injuries. But its robotaxis are under federal investigation for failing to stop for school buses and for striking a child in California, causing minor injuries, the company told the National Highway Traffic Safety Administration.

Canada high court recognizes new civil wrong of intimate partner violence

 Canada high court recognizes new civil wrong of intimate partner violence - JURIST - News

Canada high court recognizes new civil wrong of intimate partner violenceNews
Dwong33, CC0, via Wikimedia Commons
Canada high court recognizes new civil wrong of intimate partner violence

The Supreme Court of Canada recognized intimate partner violence as a new civil wrong on Friday. The majority said it is a “pernicious social ill” that the law must address.

Six justices decided to recognize intimate partner violence as a new tort—an act or omission that injures another, constituting a civil wrong that attaches liability. Justice Nicholas Kasirer, for the majority, accepted that intimate partner violence offends the victim’s dignity, autonomy and equality in a relationship that existing tort law fails to capture. The law cannot sufficiently compensate the victims because it fails to recognize the violence as a cumulative pattern of coercive control, its disproportionate impact on women and its aggravated distinct nature in the intimate partnership setting.

To claim the tort, a plaintiff needs to establish that the defendant intentionally engaged in the abusive conduct, arising from an intimate relationship and that it amounts to coercive control objectively. In her concurring opinion, Justice Andromache Karakatsanis would have included acts or threats of violence that cause physical or psychological harm, instead of limiting the tort to objective coercive control.

The three dissenting justices described this development as “unprecedented” in the common law tradition, as they considered the majority to be formulating the tort from a vacuum of comparative law or legal commentaries. They criticized the majority for creating legal uncertainty, as there is limited guidance on the scope of coercive control and the quantification of damages under the new tort. Several justices previously expressed this concern in the hearing.

Kate Feeney, litigation director at advocacy group West Coast LEAF, said the ruling is a “groundbreaking step” towards addressing discrimination against survivors of intimate partner violence. Niki Sharma, the Attorney General of British Columbia, also welcomed the ruling, adding that:

This ruling will make a meaningful difference for survivors and build on the work underway in British Columbia to better support them, including initiatives such as the Family Law Act modernization project, the Intimate Images Protection Act and our advancing work related to Dr. Kim Stanton’s recommendations to address systemic and legal barriers in BC’s legal system.

Relatedly, New Brunswick’s legislature is also moving to remove the limitation period for intimate partner violence victims to initiate a claim against the perpetrator.

According to police-reported data, there were 356 victims of intimate partner violence per 100,000 population in Canada in 2024. This represented a 14 percent increase from 2018. The rate of women and girls being victims of intimate partner violence was 3.5 times higher than that of men and boys in 2024.

The case, Ahluwalia v. Ahluwalia, concerns a wife who suffered from intimate partner violence in a 16-year marriage. The complained conduct included physical assault, humiliation, isolation of the wife from family, pressure for sex through mistreatment, and financial control. Ruling in favor of the wife, the trial judge recognized the novel tort of family violence. However, the Court of Appeal for Ontario unanimously declared that the law should not recognize the new tort.

Lululemon is being haunted by its founder

 Lululemon is being haunted by its founder

Lululemon store

JPix/Getty Images

More than a decade after leaving his athleisure company, Chip Wilson is still trying to steer what he sees as a sinking ship. He’s currently trying to convince shareholders to overhaul Lululemon’s board, which prompted the company to call Wilson’s perspectives “misguided” and “outdated” yesterday in its first public response to the founder.

“Mr. Wilson has shown that he does not have a full understanding of the business today or the brand’s future potential and remains intractably focused on the past,” Lululemon wrote, urging shareholders to back the company’s existing board members.

“The board has not provided me with detail on where our disagreements lie,” Wilson, who has a history of making insensitive comments, said after Lululemon released their roast letter.

For context, Lululemon’s revenue tripled in nine years after Wilson left the board in 2015, per Fortune, but its stock is now down ~75% from a 2023 peak. US sales have slid amid competition from the likes of Vuori and Alo, plus tariffs and a general consumer spending pullback.

Wilson, Lululemon’s second-largest shareholder, has bashed the company’s DEI efforts and argued that Lululemon lost its “cool” factor. “A company bereft of a visionary loses its singular voice for product and long term strategy,” he wrote in a Wall Street Journal ad last year.

Looking ahead…shareholders will vote on Wilson’s and Lululemon’s competing board nominees on June 25.

Why are people camping out for this weird watch?

 Why are people camping out for this weird watch?

Audemars Piguet x Swatch

Swatch

Not since Hobbs & Shaw teamed up has there been this kind of buzz about an unlikely pairing. A new pocket watch from Swatch and Audemars Piguet (you decide which one is The Rock) is out today after a week of anticipation that included long lines and hype created by AI photos.

The collection is called Royal Pop, which sounds like a game you will never download despite the 40-second ads for it everywhere. It can be worn around the neck like a pendant, comes in eight bright color combinations, and Audemars Piguet hopes that, at ~$400 apiece, the luxury watchmaker can reach a broader, younger audience.

Swatch needs a hit, too: The company saw a 6.75% drop in sales and a 55.6% decline in operating profit in 2025, which is why an activist shareholder is applying pressure.

Twisted-wristers: Buzz and endless lines outside stores were created when pictures of wristwatches “leaked,” but turned out to be fake AI images. The real pocket watches were a disappointment to some, although one expert said they could be worth as much as $2,500 on the resale market.

But…vendors in Singapore and China are already working on manufacturing wrist straps that can house the timepiece and will be ready within weeks of today’s release.

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