NFL, NBA in Talks With $157,530,000,000 Conglomerate to Have a Slice of “Strategic” $50,000,000,000 Equity Pie

Strategic partnerships are indeed a real deal for innovation and accelerated growth. Even a 99-year-old $157.530 billion giant continues to follow the ideology. What’s more interesting is that professional leagues like NFL and NBA appear to be a major hunt for one of its lucrative conglomerates.

Reportedly, the $50 billion company indulged in early strategic talks with these dominants, and it has everything to do with sharing a good chunk of equity. Striking a direct deal like this means that the company is exploring a safety net alongside a visionary solution.

NFL and NBA seem interested in biting a share of ESPN’s equity

Disney is living up to its vision of world dominance. Disney, which holds 80% of ESPN, reportedly pushed for early talks with NFL, NBA, and MLB. As reported by CNBC, Disney CEO Bob Iger and ESPN head Jimmy Pitaro discussed early “strategic partnership” with these professional leagues to bring them as minority investors.

Also Read: “MFS Have Ran The League In The Ground”: Muling Over ESPN’s “Untouchable” Employee NBA Exposé, Kevin Garnett Thrashes New Way of Life

NFL insiders, who preferred not to be named, told CNBC that the NFL desires to “take a stake in its media assets, including the NFL Network, NFL.com, and RedZone.” 

NBA’s take was rather clear. The professional league’s spokesperson later released a statement: “We have a longstanding relationship with Disney and look forward to continuing the discussions around the future of our partnership.” These talks with strategic partners revolved around new partnerships and investment structures. Bob Iger previously spoke about ESPN’s unique position in sports and how the company wants to stay in that business. ESPN wants its strategic partners to help with “distribution” or content”.

Will ESPN have an upper hand in bidding wars over sports coverage?

That’s the question everyone is asking! Before answering, it is important to understand that Disney is undoubtedly bullish on the sports network. Bog Iger’s previous statement is proof. Disney’s CEO said, “We’re going to be open-minded about looking for strategic partners that could either help us with distribution or content. I’m not going to get too detailed about it, but we’re bullish about sports as a media property.” Coming back to the important question, logically, any strategic investment by giant sports leagues like NBA and NFL will definitely tickle Disney’s competitors in all the wrong places. Considering that ESPN’s ratings have climbed in recent years, there is no better partner than major sports leagues.

Such cooperation sounds like a viable solution to the visible decline in sports distribution rights. But again, now it depends on NBA and NFL if they would actually sign up for a strategic partnership with ESPN. One reason that might hold back these leagues is the heavy criticism ESPN faced whilst massive layoffs. The exodus included notable NFL and NBA analysts. But again, if a partnership happens, it would somewhat manage the decline in sports distribution rights. This will ensure stability for “stability for the distributor, the leagues, and the viewers.” Not to mention, viewers might experience innovative ways of accession content and new packages of games. Will NBA and NFL sign up for this?

Watch This Story: 6 Years After ‘ESPN Treating Him Like a Dog’ Shocker From 76ers Legend, Shaquille O’Neal Hijacks Top Employee Stephen A. Smith’s Plea to Employer