- Adidas AG launched a long-anticipated auction for the sale of Reebok International Ltd., according to three sources, but the Boston-based brand's appeal to Chinese buyers could be negatively affected by consumer boycotts of Western brands over comments that they did not use cotton sourced from the country's Xinjiang region due to alleged coercive labor practices that Beijing has denied. The Reebok sale is reportedly expected to fetch around $1.2 billion, a far cry from the $3.8 billion Adidas spent on the brand in 2006, and bids are expected to be submitted by China's Anta Sports Products Ltd. and Li-Ning Co. Ltd., Korea's Fila Holdings Corp. and U.S.-based Wolverine World Wide Inc. (Reuters)
- The New York Rangers fired President John Davidson and General Manager Jeff Gorton and announced that Associate General Manager Chris Drury would assume both of their roles going forward. Sources said James Dolan, executive chairman and CEO of Madison Square Garden Sports Corp. had for some time been planning to fire the pair of executives, but the timing of the move, one day after the club released a statement criticizing the NHL's Department of Player Safety for its decision not to suspend Washington Capitals winger Tom Wilson, turned heads. (New York Post)
- Fox Corp. agreed to acquire Outkick Media, a digital media brand owned by conservative sports commentator Clay Travis and Savage Ventures LLC that focuses on sports, politics and culture. Travis and other Outkick contributors, who generally offer right-leaning viewpoints on political and cultural issues that align with Fox News' opinion programming, have regularly appeared on the cable news channel. (The Wall Street Journal)
- UEFA plans to pursue harsh disciplinary action against the soccer clubs that last month announced their intent to join the proposed European Super League and have yet to sufficiently distance themselves from the project, according to multiple sources familiar with the situation, which could include the organization's maximum penalty, a two-year ban from the Champions League or Europa League. UEFA has reportedly reached a settlement for a lesser sanction with seven of the 12 Super League clubs and is close to a deal with Inter Milan, but Juventus, Real Madrid, Barcelona and AC Milan have yet to renounce the Super League plan and could be subject to the harshest discipline. (ESPN)
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