2026
Every article published by the Journal in 2026 — 4 in total.
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15 SEP2026Markets
The Franchise Premium Has Stopped Rising
For two decades, sporting assets appreciated faster than the revenue beneath them. Three consecutive quarters of control transactions suggest that relationship has broken.
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23 JUL2026Leagues
After the Expanded Tournament: The Ledger
A larger field across three host nations delivered record attendance and record cost. The distribution of both has landed very unevenly.
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16 APR2026Technology
Synthetic Highlights and the Rights Holder’s Dilemma
Automated clipping and generated commentary have made near-zero-cost derivative content possible at scale. The licensing framework assumes a human decided what to publish.
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19 FEB2026Markets
Sport’s First Full Cycle as an Asset Class
Institutional capital entered the sector in a period of falling rates and rising rights. It has now experienced the other half of a cycle, and the returns are separating sharply by strategy.
