9 sources·Misc

MLB Players Inc. Settles Lawsuit with FanDuel; Rays Face Decision on New Stadium Financing

MLB Players Inc. settles with FanDuel, while Tampa Bay Rays must decide on stadium financing plan amid delays and hurricane damage.

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Updated: Nov 26th, 2024, 6:12 PM ET

Summary

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MLB Players Inc. reached a licensing agreement with FanDuel after resolving a lawsuit over the use of player likenesses. Meanwhile, Tampa Bay Rays are urged to clarify intentions on a $1.3 billion ballpark financing deal by a county official amidst concerns over hurricane damage to Tropicana Field. The Rays must decide whether to continue pursuing the stadium plan or withdraw before a critical vote on bond financing in December. This scenario highlights MLB's need for new revenue streams through partnerships and the ongoing collaboration between sports leagues and gambling companies.

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