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World Athletics FY2023 · Revenue up 8.6% to $82.5M Steve Cohen's $8.1B New York casino licence approved NIL collectives reach $1.67B in committed funding FIBA completes 3-year digital transformation across 213 federations Private equity sports funds commit $4.2B this quarter UCI FY2023 · CHF 47M revenue · 44% broadcast dependency MSB Academy · New: Olympic Ecosystem Masterclass 90% of top-tier football clubs now run dedicated analytics World Athletics FY2023 · Revenue up 8.6% to $82.5M Steve Cohen's $8.1B New York casino licence approved NIL collectives reach $1.67B in committed funding FIBA completes 3-year digital transformation across 213 federations Private equity sports funds commit $4.2B this quarter UCI FY2023 · CHF 47M revenue · 44% broadcast dependency MSB Academy · New: Olympic Ecosystem Masterclass 90% of top-tier football clubs now run dedicated analytics
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SportWorld Athletics FY2023 revenue up 8.6% to $82.5M — strongest year on record MoneySteve Cohen pays $500M upfront for New York casino licence — $8.1B development to follow SportNIL collectives pass $1.67B in committed funding — Power Five dominance deepens BusinessFIBA completes three-year digital transformation across 213 national federations MoneyPrivate equity sports fund commitments reach $4.2B in Q1 2026 SportUCI FY2023: CHF 47M revenue, 44% broadcast dependency — diversification lags BusinessAI content automation used by 62% of sports media organisations — Reuters Institute Sport90% of top-tier football clubs now operate dedicated analytics functions SportWorld Athletics FY2023 revenue up 8.6% to $82.5M — strongest year on record MoneySteve Cohen pays $500M upfront for New York casino licence — $8.1B development to follow SportNIL collectives pass $1.67B in committed funding — Power Five dominance deepens BusinessFIBA completes three-year digital transformation across 213 national federations MoneyPrivate equity sports fund commitments reach $4.2B in Q1 2026 SportUCI FY2023: CHF 47M revenue, 44% broadcast dependency — diversification lags BusinessAI content automation used by 62% of sports media organisations — Reuters Institute Sport90% of top-tier football clubs now operate dedicated analytics functions
World Athletics · FY2023
$82.5M
Revenue ↑ 8.6% vs FY2022
NIL Market · 2026
$1.67B
Collective commitments ↑ 340%
UCI Cycling · FY2023
CHF 47M
44% broadcast dependency
Metro Park Casino
$8.1B
Total development spend
Analytics Adoption
90%
Top-tier clubs ↑ from 71%
Sports PE · Q1 2026
$4.2B
New AUM commitments
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Olympic Financial Dashboard
Financial year data sourced from official federation annual reports
Live demo data
Federations tracked
62
Paris 2024 + LA 2028 + Winter
Total revenue (FY2023)
$2.1B
↑ 11.3% vs FY2022
Largest by revenue
World Athletics
$82.5M · FY2023
Data coverage
89%
Federations with FY2023 data
Last updated
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Annual reports reviewed
Supabase integration ready. Connect your SUPABASE_URL and pass a Clerk JWT to load live federation data from the financial_statements table. Demo data shown below.
Governing Bodies IOC
Int'l Olympic CommitteeIOC
Int'l Paralympic CommitteeIPC
ASOIFASOIF
WADAWADA
Int'l Testing AuthorityITA
Category A Highest IOC support
World AthleticsWA
World AquaticsWAQUA
World GymnasticsFIG
World FootballFIFA
FIBA BasketballFIBA
UCI CyclingUCI
Int'l Tennis FederationITF
World RugbyWR
Category B High IOC support
Badminton World FederationBWF
World VolleyballFIVB
Int'l Handball FederationIHF
Int'l Hockey FederationFIH
Int'l Judo FederationIJF
World Table TennisWTT
United World WrestlingUWW
World BoxingWBF
Category C Medium IOC support
World TaekwondoWT
World ArcheryWA
Shooting (ISSF)ISSF
World Karate FederationWKF
Int'l Table Tennis Fed.ITTF
Sport Climbing (IFSC)IFSC
World SailingWS
Equestrian (FEI)FEI
Canoe (ICF)ICF
World WeightliftingWWF
Category D Standard IOC support
Int'l Fencing FederationFIE
Modern PentathlonUIPM
World Rowing (FISA)FISA
Int'l Skating UnionISU
Int'l Ski FederationFIS
Ice Hockey (IIHF)IIHF
World Curling FederationWCF
Bobsleigh & SkeletonIBSF
Int'l Luge FederationFIL
Category E Base IOC support
World Surfing LeagueISA
World Squash FederationWSF
World DanceSportWDSF
World Baseball SoftballWBSC
Breaking (WDSF/IOC)B-BOY
Int'l Racquetball Fed.IRF
Federation Financial Comparison — FY2023
Federation Class Revenue Net Income Total Assets Broadcast % YoY Rev
IOCInternational Olympic Committee
IOC $3,700M $430M $5,200M
90%
↑ 8.2%
IPCInternational Paralympic Committee
IOC CHF 58M CHF 4M CHF 120M
45%
↑ 5.1%
WADAWorld Anti-Doping Agency
Body CHF 43M CHF 2M CHF 95M
↑ 3.2%
World AthleticsWA · Summer · Athletics
Cat A $82.5M $9.2M $148M
46%
↑ 8.6%
World AquaticsWAQUA · Summer · Aquatics
Cat A CHF 59M CHF 5.8M CHF 210M
41%
↑ 4.2%
UCI CyclingUCI · Summer + Winter · Cycling
Cat A CHF 47M CHF 2.1M CHF 89M
44%
↑ 1.8%
FIBA BasketballFIBA · Summer · Basketball
Cat A CHF 44M CHF 3.4M CHF 76M
38%
↑ 6.1%
World GymnasticsFIG · Summer · Gymnastics
Cat A CHF 38M CHF 1.9M CHF 62M
35%
↑ 3.4%
World Table TennisWTT · Summer · Table Tennis
Cat B CHF 29M CHF 1.2M CHF 48M
42%
↑ 12.4%
Badminton World Fed.BWF · Summer · Badminton
Cat B CHF 26M CHF 0.8M CHF 41M
38%
↑ 4.8%
World VolleyballFIVB · Summer · Volleyball
Cat B CHF 24M CHF -0.4M CHF 38M
36%
↓ 1.2%
Int'l Judo FederationIJF · Summer · Judo
Cat B CHF 22M CHF 1.1M CHF 35M
31%
↑ 7.2%
Int'l Equestrian Fed.FEI · Summer · Equestrian
Cat C CHF 36M CHF 2.8M CHF 58M
28%
↑ 5.5%
World TaekwondoWT · Summer · Taekwondo
Cat C CHF 18M CHF 0.6M CHF 29M
24%
↑ 3.1%
Int'l Ski FederationFIS · Winter · Ski & Snowboard
Cat D CHF 55M CHF 4.1M CHF 94M
40%
↑ 6.8%
Int'l Skating UnionISU · Winter · Skating
Cat D CHF 32M CHF 1.6M CHF 54M
52%
↑ 2.9%
Ice Hockey (IIHF)IIHF · Winter · Ice Hockey
Cat D CHF 28M CHF 1.8M CHF 46M
48%
↑ 4.4%
Int'l Biathlon UnionIBU · Winter · Biathlon
Cat D CHF 21M CHF 0.9M CHF 37M
44%
↑ 1.6%
World Baseball SoftballWBSC · Summer · Baseball/Softball
Cat E CHF 14M CHF 0.3M CHF 22M
18%
↑ 8.9%
Int'l Surfing Assoc.ISA · Summer · Surfing
Cat E CHF 8M CHF -0.2M CHF 14M
12%
↑ 14.2%
ⓘ Data sourced from official federation annual reports and financial statements. Some figures converted to USD for comparison. View methodology →
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Money Today, 16 Mar 2026 ⏱ 12 min
World Athletics Posts Record $82.5M Revenue in FY2023 — Broadcasting Rights Now Driving Nearly Half of All Income
The governing body's annual financial report reveals a landmark year for commercial growth, with broadcasting rights accounting for 46% of total revenue. The figures signal a structural shift in how international athletics federations generate sustainable income — and what it means for smaller member nations.
Money Today, 16 Mar 2026 ⏱ 8 min
Private Equity Sports Fund Commitments Hit $4.2B in Q1 2026 — Buyout Firms Circle Tier-Two Leagues
A surge of institutional capital is targeting mid-market sports assets, with three new funds closing in the past six weeks. Analysts point to predictable cash flows and long-term broadcast deals as the primary draw for pension-backed allocators.
Sport Today, 16 Mar 2026 ⏱ 6 min
NIL Collectives Pass $1.67B in Committed Funding as Power Five Schools Extend Their Financial Dominance
Name, Image and Likeness collectives at the five major US college conferences have collectively committed over $1.67 billion to athlete compensation, a 340% increase from 2023 baseline figures. The concentration of capital raises questions about competitive equity across Division I sport.
Business Today, 16 Mar 2026 ⏱ 5 min
FIBA Completes Three-Year Digital Infrastructure Overhaul Across 213 National Federations
Basketball's international governing body has wrapped a digital transformation programme that standardised data management, broadcast delivery and fan engagement infrastructure across every affiliated national federation. The project is being cited as a template for sport technology modernisation.
Sport 15 Mar 2026 ⏱ 7 min
UCI FY2023 Report: CHF 47M Revenue With Broadcast Dependency at 44% — Diversification Remains Unresolved
Cycling's world governing body recorded CHF 47 million in revenue for 2023, but the annual report flags a structural reliance on broadcasting income that the organisation has pledged to reduce since 2020. Sponsorship and commercial rights development lag behind peer federations.
Money 15 Mar 2026 ⏱ 9 min
Steve Cohen's Metropolitan Park Casino: Inside the $8.1B New York Development That's Reshaping Urban Sport Finance
The New York Mets owner's $500M upfront licence payment was just the beginning. A deep look at the financial structure behind Metropolitan Park — the integrated resort, entertainment district, and stadium campus that may become the most complex sport-adjacent development in US history.
Business 15 Mar 2026 ⏱ 6 min
AI Content Automation Now Used by 62% of Sports Media Organisations, Reuters Institute Study Finds
A landmark annual survey of digital news consumption reveals that nearly two thirds of sports media organisations have deployed some form of AI content tooling in their editorial workflow — up from 31% in 2024. The figure raises questions about editorial standards, journalist roles, and audience trust.
Sport 14 Mar 2026 ⏱ 5 min
90% of Top-Tier Football Clubs Now Operate Dedicated Analytics Functions — Up From 71% in 2023
Performance analytics has crossed from early adoption to near-universal deployment among elite football organisations. A new industry survey tracks how clubs are using data science teams — and which functions are generating the clearest return on investment in recruitment and opponent analysis.
Today's coverage
Money
3 articles
Sport
3 articles
Business
2 articles
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Issues:
11 briefs this issue Full archive →
Issue #11 — Week of 10 March 2026
Casino deals, federation finances, and the NIL gold rush
Published Monday, 10 March 2026
AI-curated digest
⏱ 14 min total read
Editor's note — Issue #11
A big week across all three verticals.

The New York casino decision dominated the Money vertical this week — Cohen's $8.1B bet on Citi Field's parking lot is as much a story about political architecture as it is about gambling. In Sport, World Athletics continued their upward financial trajectory, and the UCI released annual figures that tell an interesting story about broadcast dependency. In Business, the NIL landscape in US college athletics kept moving fast.

This is the free weekly digest. For the full deep-dive analysis on any of these stories, they're waiting for you in The MSB Vault.

AI
MSB Intelligence
AI-curated · Reviewed by MSB editorial team
Money 4 briefs this week
Avg. 6 min read
Money Casino ⏱ 5 min

New York State Awards Cohen the Citi Field Casino Licence — A $500M Upfront Fee and $850M in Annual Tax Revenue

The New York State Gaming Commission unanimously awarded Steve Cohen one of three downstate casino licences. Cohen's Metropolitan Park project — located in the Citi Field parking lot — represents an $8.1 billion development bet that required as much political engineering as financial. The $500M upfront licence fee is paid in full before ground is broken.

Reuters NY Gaming Commission 10 Mar 2026
Money Athlete Wealth ⏱ 4 min

The Passive Income Structures Behind the Top 10 Highest-Earning Retired Athletes

A new analysis of post-career wealth maintenance among the top 10 highest-earning retired athletes reveals a consistent pattern: diversified real estate, consumer brand equity stakes, and licensing royalties account for over 70% of sustained income after playing days end.

Forbes Sportico 8 Mar 2026
Money Tax ⏱ 3 min

UK HMRC Signals Renewed Scrutiny of Athlete Image Rights Companies

HMRC has issued updated guidance targeting image rights structures used by Premier League and international athletes. The move follows several high-profile challenges and signals a shift in enforcement posture toward the £200M+ segment of athlete tax structures in the UK.

The Times HMRC guidance 7 Mar 2026
Money Investment ⏱ 4 min

Private Equity Continues Push Into Sports — Three New Fund Announcements This Week

Three separate PE fund announcements this week targeted sports ownership, media rights, and athlete management. Combined AUM commitment: $4.2B. The institutionalisation of sports investment continues to accelerate, with multi-club ownership models attracting the largest individual commitments.

Bloomberg SportsPro 6 Mar 2026
Sport 4 briefs this week
Avg. 7 min read
Sport Olympics ⏱ 6 min

World Athletics Posts $82.5M Revenue in FY2023 — Broadcasting Rights Lead at 46% of Income

World Athletics' FY2023 annual report confirms another record year, with total revenue up 8.6% on FY2022. Broadcasting rights contribute $38M, with sponsorship at $22M and IOC grants at $15M. Net income of $11.3M represents a 48.7% improvement year-on-year, driven by tighter cost controls rather than pure revenue growth.

World Athletics Annual Report 10 Mar 2026
Sport NIL ⏱ 5 min

NIL Collective Total Commitments Reach $1.67B — Power Five Schools Dominate

The latest NIL tracker data shows total committed funding across US college athletics collectives has reached $1.67B, with Power Five schools accounting for 84% of total commitments. The distribution remains heavily skewed toward football and basketball, with all other sports collectively receiving under 12%.

On3 NIL Tracker 9 Mar 2026
Sport Cycling ⏱ 4 min

UCI FY2023 Report Shows 44% Broadcast Revenue Dependency — Diversification Remains Slow

The Union Cycliste Internationale's FY2023 figures show total revenue of CHF 47M, with broadcasting contributing 44%. The heavy dependency on a small number of broadcast deals mirrors a pattern seen across multiple Olympic federations. Sponsorship revenue grew 8% but from a narrow base.

UCI Annual Report 8 Mar 2026
Sport Performance ⏱ 5 min

Performance Analytics Adoption Reaches 90% Among Top-Tier Professional Football Clubs

A new survey of 120 professional football clubs across five top leagues confirms that 90% now operate a dedicated analytics function. The remaining 10% cite budget constraints and data literacy gaps as the primary barriers to adoption, rather than lack of awareness.

CIES Football Observatory 7 Mar 2026
Business 3 briefs this week
Avg. 5 min read
Business AI ⏱ 5 min

AI Content Automation Tools Now Used by 62% of Sports Media Organisations

A Reuters Institute survey of 200 sports media organisations across 14 countries found 62% now use some form of AI-assisted content creation, up from 31% in 2024. Match reporting, data summaries, and social media copy generation represent the three most common use cases.

Reuters Institute 9 Mar 2026
Business Agency ⏱ 6 min

Sports Marketing Agency Consolidation Continues — Three Acquisitions Announced This Month

Three separate acquisitions of boutique sports marketing agencies were announced this month, continuing a consolidation trend that has seen the number of independent agencies in the UK and US decline by 18% over 24 months. Acquirers are primarily talent management groups expanding into brand representation.

Campaign SportsPro Media 8 Mar 2026
Business Operations ⏱ 4 min

FIBA Completes Three-Year Digital Infrastructure Overhaul — A Case Study in Federation Modernisation

FIBA has concluded a three-year digital infrastructure modernisation programme that replaced legacy financial and operational systems across 213 national federations. The project, delivered in partnership with a consortium of technology providers, is being held up as a benchmark for international federation modernisation.

FIBA Official SportTechie 6 Mar 2026
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Money ⏱ 12 min

World Athletics: A Financial Deep Dive — $82.5M Revenue Decoded

Breaking down the revenue streams, reserves strategy, and broadcast deals that fund the pinnacle of track and field. World Athletics posted its strongest financial year on record in FY2023.
Sport ⏱ 9 min

NIL Strategy: How College Athletics Turned Student-Athletes Into Brands

The Name, Image, and Likeness landscape in US college athletics has shifted from a legal grey area to a $1.67 billion commercial ecosystem — all within 36 months.

The structural shift began when the NCAA abandoned its amateur amateurism rules in 2021, opening the floodgates for sponsorship deals, brand partnerships and collective arrangements that would fundamentally reshape how universities recruit and retain talent.

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Vault subscribers only. Unlock access →
Business ⏱ 15 min

CFO-Level Expertise: How We Restructure Financial Operations for International Sports Federations

Rather than creating permanent dependency, our consulting model relies on a 2-to-3 year runway. We stabilise the foundation, implement modern digital systems, and train internal staff to take over.
Money ⏱ 7 min

Passive Income Fundamentals: The Wealth Architecture Behind Elite Athlete Portfolios

Professional athletes have a compressed earning window — typically 8 to 12 years. The financial structures that sustain wealth beyond that window are more deliberately engineered than most people appreciate.

Diversified income streams built during the playing career — real estate syndications, equity stakes in consumer brands, angel investment portfolios and licensing royalties — form the foundation of sustainable post-career wealth.

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Sport ⏱ 11 min

Olympic Federation Revenue: What the Annual Reports Actually Reveal

We analysed five years of publicly filed annual reports from twelve International Olympic Federations. The patterns in broadcasting revenue, IOC distributions, and reserve strategy tell a revealing story.
Business ⏱ 21 min

Agency Launch Blueprint: Building a Sports Marketing Business from Zero to $1M ARR

The sports marketing agency model has never been more accessible — or more competitive. This is the framework we've developed across 14 years working directly with international federations, professional clubs, and athlete management groups.

The foundation is a clearly defined niche within the sports ecosystem — not "sports marketing" broadly, but a specific intersection of sport, commercial opportunity, and your existing domain knowledge. The agencies that fail do so because they try to serve everyone.

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Vault subscribers only. Unlock access →
Money ⏱ 6 min

Tax Efficiency in Sport: The Structures That Protect High-Earning Athletes

From image rights companies to overseas income allocation, the legal frameworks available to professional athletes are more powerful than most financial advisors communicate. Here's what they are.
Sport ⏱ 14 min

Athlete Brand Valuation: The Data-Driven Framework Behind Sponsorship Deals

When an athlete signs a major sponsorship deal, the fee negotiated is rarely aligned with the commercial value delivered. Most deals are priced on reputation and gut feel — we've built a quantitative framework to change that.

The model integrates six primary variables: audience reach across owned and earned channels, audience quality metrics including purchasing power and brand affinity, content engagement rates, competitive landscape analysis, contract term risk weighting, and historical deal comparables in the same sport category.

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Business ⏱ 8 min

Legacy System Modernisation: Why International Federations Are Decades Behind on Digital

International sports federations often operate on financial infrastructure built in the 1990s. The cost of inaction is accelerating — and the path to modernisation is more achievable than most CFOs believe.
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