The United States Football League, or “USFL,” and the XFL announced their intention to merge. “Subject to customary regulatory approvals and if the transaction is consummated, the new league will establish best-in-class operations based on the most recent seasons of both leagues. This historic combination will anchor professional spring football with substantial capabilities and resources to ensure future growth and continue to enhance the development of the collective players, coaches, and staff that are coming together. More details regarding the new league will be announced at a later date,” the leagues stated in a press release. Fox Sports (FOXA) and NBC Sports (CMCSA) are official media partners of the USFL, presenting all 43 regular- and postseason games for the eight-team league. The XFL, which also has eight teams, is owned by Dany Garcia, Dwayne Johnson, and Gerry Cardinale’s RedBird Capital Partners and launched in February 2023.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on FOXA:
- TKO gets smacked down as SmackDown set for USA Network return
- TKO Group price target lowered to $126 at Guggenheim after SmackDown deal
- Rupert Murdoch Steps Down from Fox (NASDAQ:FOXA) and News Corp
- Rupert Murdoch stepping down as chairman of News Corp. and Fox
- Fox Corp’s USFL in talks to merge with rival XFL, Axios reports