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Monday Edition: Sports Valuations Surge

The $10B Lakers sale isn’t just a sports headline — it’s a financial signal. This week in The Closer: why sports franchises are the new safe haven, plus a fresh oil unwind, Powell’s Sintra moment, and a negotiation tactic that could earn you 8% more.

Photo by Tim Hart / Unsplash

Good morning and welcome to The Closer, the newsletter all about deals. It’s Monday, June 30th, 2025 — and sports are suddenly a serious asset class. A landmark deal to sell the Los Angeles Lakers at a $10 billion valuation has stunned even seasoned investors, setting a new bar not just for teams, but for how global capital views scarcity, fandom, and brand. When franchises start trading like private equity platforms, it’s no longer just about basketball — it’s about financialization.

This week, sports valuations go from cocktail chatter to capital allocation strategy. We dig into what the Lakers deal means, what’s coming in Liberty’s MotoGP ruling, and how the next media-rights cycle could reshape the M&A math.

Plus: oil’s risk premium cools (but isn’t gone), Powell heads to Sintra with a new mandate, a fresh hostile bid gains momentum, and a negotiation trick that might just earn you 8% more.


WEEK AHEAD

June 30 – July 4 Calendar

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MON 30 JUN

Macro / Events

ISM Manufacturing final for June @ 10am ET

Deals & Reg Risk

Quiet docket

Markets

Half-day volumes ahead of month-/quarter-end rolls

TUE 1 JUL ⚡ KEY DAY

Macro / Events

Eurozone flash CPI (cons. 1.9% YoY)

RBA decision widely flagged for July 8, traders start pricing today

Deals & Reg Risk

EU ruling deadline on Liberty Media's €3.5B MotoGP/Dorna buy

Markets

Constellation Brands, MSC Industrial, Greenbrier report before bell

WED 2 JUL

Macro / Events

ECB Sintra forum – Powell, Lagarde, Ueda speak

Deals & Reg Risk

OPEC+ ministerial (output hike odds 65%)

Markets

UniFirst earnings pre-market

THU 3 JUL EARLY CLOSE

Macro / Events

U.S. early close 1:00pm ET; bonds 2:00pm ET. No major data.

Deals & Reg Risk

Mars–Kellanova parties file first EU remedy outline after Phase II probe

Markets

FRI 4 JUL 🇺🇸 CLOSED

U.S. MARKETS CLOSED

Independence Day

WEEK'S WATCHLIST

  • Central bank convergence at ECB Sintra (Powell + Lagarde + Ueda)
  • EU antitrust decisions on MotoGP and Mars–Kellanova
  • OPEC+ output decision amid summer driving season
  • Shortened U.S. trading week with July 4th holiday
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