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Welcome back to The Varsity, where I really tried to focus on Major League
Soccer commissioner Don Garber’s succession plan and Greg Maffei’s big horse-racing ambitions. But I was riveted by MASN’s Orioles telecast, which featured 80-year-old Jim Palmer eating his first-ever chicken wing. Believe me, it’s worth a watch. On the topic of worth it: today’s issue, with my exclusive reporting on the
search to find Garber’s replacement at a pivotal moment in the league’s history, is available to Inner Circle readers only. Upgrade here to read.
🚨 Pod alert: Given all the chaos surrounding LIV Golf, I asked the guys from The Ringer’s Fairway Rollin’ podcast—fellow Gonzaga High grad Joe House and his co-host, Nathan Hubbard—to join The
Varsity this weekend. Also, listeners really seem to enjoy Mike Morris’s appearances on the pod, and on yesterday’s episode, the Guggenheim analyst very smartly broke down the state of the NFL’s media negotiations. Listen here and here.
Before we begin, I want to wish a fond farewell to David Roberts, who is retiring from ESPN after 22 years. The E.V.P. and executive editor of sports news and entertainment officially takes off at the end of August.
Also, a quick note to the dozen or so people who texted me Dylan Byers’s tweet correcting a Front Office Sports story about two deep-pocketed potential Seahawks buyers. Yes, I saw! (And
retweeted Dylan’s follow-up tweet, and then the original reporter’s kinda mea culpa.) It was telenovela-level stuff on X this
afternoon…
Also mentioned in this issue: Jimmy Pitaro, Scott O’Neil, Roger Goodell, Rob Manfred, Danny Epstein, Hans Schroeder, David Stern, Josh D’Amaro, Ben Sherwood, Charlie Neiman, Don Garber, Larry Berg, David Beckham, Gary Bettman,
Bob Iger, Jimmy Haslam, Adam Silver, Lionel Messi, Brian Rolapp, Josh Harris, Nathan Hubbard, Brett Yormark, Sean Bratches, and many more…
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Player of the Week: Charlie Neiman
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It’s no secret that Amazon has been trying to get into the college football business for at least
the past year. But those rights are tied up for the foreseeable future, so Charlie Neiman, the head of sports partnerships for Prime Video, looked to kick open a different door. Prime Video will carry three neutral-site Duke men’s basketball games per season for the next several years. This year, the Blue Devils will play UConn in Vegas, Michigan at MSG, and Gonzaga in Detroit. Not a bad start.
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Down to the J.V.: Scott O’Neil
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Alas, Scott O’Neil, LIV Golf’s C.E.O., has earned this dubious
honor for the second week in a row. Earlier today, Saudi Arabia’s Public Investment Fund announced it will stop funding the upstart golf tour after the 2026 season. Meanwhile, on Monday, LIV postponed an event scheduled for New Orleans in June—mere weeks after O’Neil said that the season would continue “exactly as planned, uninterrupted, and at full throttle.”
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- Maffei’s blazing saddles: Greg Maffei, the former president and C.E.O. of Liberty Media, is in the process of raising $30 million for a horse-racing league—described as Formula 1 meets the Kentucky Derby—that will launch in 2027, according to a bunch of sources. He’s already had several meetings with media companies, including Fox Sports and NBC Sports (which split the Triple Crown races), and will use this weekend’s Kentucky Derby as an
opportunity to take additional meetings with his business partner, Danny Epstein. I’m told they’ve already signed several tracks, and have commitments from sports-team owners and leading stables to buy franchises, which could be valued somewhere between $6 million and $10 million.
Several media executives told me that developing a team concept around horse racing is a pitch they’ve heard for decades. This one, however, comes from a deep-pocketed media veteran who has extensive
relationships with top executives from Fox and NBC. The sense is that Maffei already has enough tracks and teams to launch on his proposed timeline. The question is: Which media company will go into business with him? - ESPN’s sports hub: When ESPN launched its “everything app” last August, network chief Jimmy Pitaro said he wanted it to become the ultimate hub for sports. With yesterday’s announcement that the network had struck a
four-year deal to carry sports from The CW—including NASCAR, WWE, and various college events—Pitaro took a big step toward achieving that vision. The deal allows ESPN to carry the linear TV streams, while The CW retains control over its ad inventory. The pitch was that The CW will reach more fans through the ESPN app and therefore be able to charge more for ad time.
Earlier today, I caught up with Pitaro to discuss the development. He told me that, sometime soon, app subscribers will also
be able to stream NFL Network and MLB’s Club TV, with local rights. “We’re very interested in bringing more partners on board,” Pitaro said. “We think it would be very good for them.” - The ESPN hold: Speaking of Pitaro’s fiefdom, Disney’s newish chief, Josh D’Amaro, has no plans to spin off ESPN into its own company, according to a Peter Kafka
report that ended months of speculation. In the aftermath, some ESPN insiders suggested that the speculation was always overblown, noting that former boss Bob Iger is a big sports fan and never really considered jettisoning the property. Plus, Disney is unlikely to move away from its linear TV strategy, which is still anchored
by ESPN, and the network remains an important cog in Disney’s direct-to-consumer strategy. Finally, ESPN has its first Super Bowl in February, and ad rates are already at record highs of $10 million per 30-second spot. But as they say, hindsight is 20/20.
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And now, for the MLS’s succession sweepstakes…
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With commissioner Don Garber’s quarter-century-plus tenure coming to an
end next year (or sooner!), MLS has contracted executive headhunters to embark on a sprawling replacement search. A few well-known names have emerged as early targets—but with big-growth ambitions, they’d better get it right.
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For the better part of the past two months, the headhunters at Korn Ferry have been reaching out to
sports business types—current and former league executives, team owners, media executives, etcetera, etcetera—amid a high-stakes search to find a replacement for MLS commissioner Don Garber. Garber has been the league’s commissioner since 1999, and while he hasn’t actually put a date on his retirement, his contract expires next year in the middle of the season. (Hence the urgency…)
During his tenure, which began just six years after MLS was
founded, the league has evolved from a veritable sideshow into something closer to a main event in the U.S., although the league’s popularity is still dwarfed by the NFL, MLB, NBA, and even the NHL (not to mention international soccer leagues like the EPL and Liga MX.) In the early 2000s, MLS had only 10 teams; there are 30 today, and their valuations have continued to rise. Two decades ago, Toronto FC paid a relatively paltry $10 million expansion fee to join the league. Three years ago, San
Diego FC’s expansion fee had reached $500 million. (Those figures, while eye-popping, probably say as much about the red-hot market for owning sports teams as they do about Major League Soccer’s cultural imprint.)
Garber’s replacement will inherit a league in growth mode—he has branded the next era “MLS 3.0”—focused, largely, on media revenue and improving the quality of play. That process began last fall, when league owners voted to change the season schedule to run from July to May to
better align with bigger international leagues, in a bid to become more competitive with the European juggernauts. The next commissioner will also be tasked with securing a new round of blockbuster media deals, after Apple pulled the plug on its 10-year, $2.5 billion MLS partnership three years early. The World Cup, which will be staged in North America this summer,
should also help fuel the next stage of growth.
There’s a lot of moving parts, which is why the headhunters have been prioritizing two types of executives: those with a ton of media experience (one executive in contact with Korn Ferry told me that “the future of that league is really dependent on getting a new media deal done”), and those who are steeped in the sports industry (or as another executive said, “somebody that understands how to build the brand further, and better understands
the commercial side of the business”). Based on my conversations with more than a dozen sources, a handful of names have emerged as early targets.
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Sure, it’s way too early to predict who will inherit the commissionership. The
league is not at the final interview stage yet. But multiple sources have said that Larry Berg, one of LAFC’s owners, appears to be the strongest internal candidate. Berg certainly has the commercial chops, given his background as a senior partner at 26North, Josh Harris’s asset management firm. It also helps that he’s generally well liked in the ownership ranks.
But Korn Ferry reps have also reached outside the organization to executives in other leagues
currently making headlines. They include the NFL’s top media executive, Hans Schroeder, who is in the middle of negotiating the Shield’s multibillion-dollar rights renewals with the broadcast networks, the highest-profile media deal of the year. The fixation on Schroeder makes sense when you consider that PGA Tour C.E.O. Brian Rolapp—who left the NFL last year after more than two decades—certainly would have topped this list if he hadn’t departed for golf.
There is, after all, a Goodell-shaped ceiling at the NFL.
Meanwhile, Big 12 commissioner Brett Yormark has generated some interest, even though the conference signed him to an extension last year that runs to the end of the decade. Three other interesting names keep coming up: former NASCAR commissioner Steve Phelps, who left the racing circuit earlier this year; former senior F1 executive Sean Bratches, who left that racing series six
years ago; and Ben Sherwood, the former co-chair of Disney Media Networks and president of Disney-ABC Television, who took over The Daily Beast.
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Maybe the most pivotal reason to nail the hire is its potential scope. More and more it seems as
though league commissionerships are something like lifetime appointments. Gary Bettman, who has led the NHL since 1993, is the only sports commissioner with a longer tenure than Garber. Goodell has been in his position since 2006, and Adam Silver replaced David Stern in 2014. Rob Manfred was named MLB commissioner just a year
later.
Anyway, the initial phase of interviews will continue for another week or so, at which point Korn Ferry and a committee of owners, including Columbus Crew’s Jimmy Haslam, will decide on next steps. One lingering issue is that the owners themselves aren’t totally aligned on several upcoming issues that will weigh heavily on the future of the league, including what to do with the league’s media rights when the Apple
TV deal ends after the 2028-29 season. The Apple deal has been polarizing in MLS circles; many believe that the league sacrificed reach for a gaudy rights fee.
The MLS faces other big issues as well. The league’s collective bargaining agreement ends in January 2028, just one month after Garber’s contract runs out. And then there’s the salary cap, which the league has occasionally relaxed to make way for blockbuster contracts for international stars, including David
Beckham and Lionel Messi. Many owners want more regular flexibility to pay players, which they believe will increase the MLS talent pool and give the league a chance at competing internationally. The folks at Korn Ferry should prioritize political savvy, too.
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On Amazon’s sports strategy: “Amazon is not bidding on a second NFL package anytime soon.
The more likely move is defending what they already have, like Champions League U.K. rights, with their shorter-deal terms, or making a run at MLB in 2028, which offers better value and a league actively courting streamers. The bigger opportunity for Amazon is building a complementary portfolio of tier-one sports properties that fill different territories or seasons, not doubling down on NFL inventory.” —A media executive
On Inner Circle Thursdays: “Did you just get
subtweeted by a WSJ reporter? Haha. I’m a proud Inner Circle member and would pay for an ADDITIONAL level for more Ourand copy each week! Don’t let the envious folks at WSJ muzzle Ourand!” —A sports media executive
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Have a great weekend. See you Monday, John
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