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POLIS -- With every win critical

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27.06.2018 06:42
von dasg234 • 3.635 Beiträge

DraftKings and FanDuel, the two dominant players in the daily fantasy sports industry, are finalizing terms of a merger, multiple sources with knowledge of the discussions told ESPN on Friday. The long-rumored deal was described as imminent and could be announced as early as this week, after details are finalized.Prior media reports in recent weeks said the companies merger was imminent, but sources told ESPN that the companies financial settlements this week with the New York attorney generals office were a key obstacle that needed to be cleared. The sources said some of the major merger details discussed this week included the newly joined companys executive leadership, the name of the company, whether one site or two will be used, and where the company headquarters will be located. FanDuel has offices in New York and Scotland, and DraftKings is based in Boston. One highly placed source told ESPN that the recent merger discussions called for the two rivals to share roughly equally the revenue and expenses of the newly tied-in company.As we have stated previously, a potential combination would be interesting to consider, a DraftKings spokesperson told ESPN. However, as a matter of policy, we dont comment on rumors or speculation, and there can be no assurances at this time that any discussion about a combination would result in an agreement or merger.A FanDuel spokeswoman declined comment.Bloomberg is reporting that DraftKings CEO Jason Robins will become the CEO of the new DraftKings-FanDuel company.FanDuel had no comment on the report. ESPN has reached out to the DraftKings for comment.FanDuel CEO Nigel Eccles and Robins have had a famously frosty relationship, which many observers have pointed to as a holdup to a merger. But Eccles told ESPN over the summer that his relationship with Robins had improved, as the companies worked together to fight challenges from regulators and lobby for legal clarity in states.Each has publicly acknowledged merger discussions, which, according to sources, have been taking place since January.Combined, the two firms cover 90 to 95 percent of the daily fantasy market. Legal experts have questioned whether a merger would be blocked by regulators such as the FTC because of the two companies dominant market share.There are of course good arguments about why such a merger is in fact in the interest of the consumer: pooled liquidity, higher prize pools, etcetera, said Jeff Ifrah, a prominent gaming attorney and founding partner of Ifrah PLLC. But that has not always been enough to shut down FTC scrutiny.Ifrah added that the companies likely will need to answer questions about whether consumers under the joined company would have to pay higher prices or would receive a lower-quality product.In late August, ESPNs Outside the Lines reported on the daily fantasy industrys struggles after DraftKings and FanDuel blanketed the airwaves a year ago with a $750 million advertising and marketing blitz. The ad buys seized the attention of New York Attorney General Eric Schneiderman and other federal and state authorities across the country.Ever since, both companies have been saddled with tens of millions of dollars in legal fees and lobbying costs, putting their financial health into question. The New York Times reported last week that FanDuel recently laid off 60 workers and that both companies have struggled to meet their day-to-day obligations. Both companies are months behind on paying vendors, lawyers and lobbyists, sources told ESPN.This week, DraftKings and FanDuel agreed to separate $6 million settlements with the New York attorney general over deceptive, misleading advertising. In the settlement agreement, Schneidermans office said it considered the financial condition of the companies in determining the amount and schedule for the settlement payments.Combined, the companies processed $3 billion worth of contest fees in 2015. DraftKings valuation was estimated at nearly $2 billion in July 2015, after a $300 million funding round, but it has since been cut dramatically. In September, DraftKings announced a $153 million round of debt-to-equity funding with Revolution Growth, a venture capital firm co-founded by Ted Leonsis, owner of the?Washington Wizards?and?Washington Capitals. FanDuel also raised $55 million in a loan from investors in recent months, which also will be converted into equity, The Wall Street Journal has reported.After the tumultuous year, the daily fantasy industry eyed the NFL football season as an opportunity to get back on track. DraftKings and FanDuel are marketing the game to new players by shifting focus from the financial part of fantasy sports to its social aspects. DraftKings said participation in its newly enhanced offerings that allow friends to compete against friends in private leagues were up threefold from last season. The company also pointed to new sponsorships, including with Paramount Pictures, which sponsored DraftKings free games, another new emphasis this season. Cheap Padres Jerseys Free Shipping .C. -- When North Carolina freshman Ryan Switzer reported to training camp in August he was a little miffed to learn he was third on the depth chart at punt returner. Authentic Dave Winfield Jersey . -- Charline Labonte couldnt have asked for a better homecoming. . Vancouver Whitecaps and Toronto FC failed to make the postseason while Montreal Impact fell at the first hurdle losing heavily to Houston Dynamo in the Eastern Conference Knockout Round. Padres Jerseys From China . It was Kerbers third final of the year after losing to Anastasia Pavlyuchenkova of Russia in Monterrey in April and to Petra Kvitova of Czech Republic in Tokyo two weeks ago. The 10th-ranked German improved her record in finals to 3-5. Authentic San Diego Padres Jerseys .C. -- Glenn Howard needed an extra end to move into the Masters Grand Slam of Curling final. MINNEAPOLIS -- With every win critical in the seasons final weeks, the Detroit Tigers are turning to Buck Farmer on Wednesday for his first major-league start of the season.Detroits final rotation spot has been a mess, and Mike Pelfrey allowed four runs in 1 2/3 innings in his last start against the Minnesota Twins. So, Tigers manager Brad Ausmus elected to go with Farmer on Wednesday against Minnesota, with Detroit clinging to playoff hopes as the last team out in the American League.Every game counts, said starter Matt Boyd, who beat the Twins on Tuesday. This is what you live for, you know? I wouldnt want it any other way. Back against the wall, were fighting our way out and were going to keep fighting. Its the way we want it.Farmer has a 4.07 ERA in 13 relief appearances this season, but he hasnt started a game in the majors since Aug. 29, 2015.In 20 minor league starts this season, Farmer was 5-6 with a 3.96 ERA for Triple-A Toledo. The right-handers longest major league outing of the season has been 4 1/3 innings -- he held the Twins scoreless last week.Ausmus had a simple reason for turning to Farmer, with the Tigers (80-70) entering Wednesday 1 1/2 games behind Baltimore for the second wild-card spot in the AL.He pitched better, Ausmus told, plain and simple.The Twins will start rookie Jose Berrios (2-7, 8.88 ERA) as they try to snap a four-game losing streak and avoid 100 losses. Minnesotas 8-1 loss on Tuesday was their 96th defeat of the season, matching the teams mark in 2012 and 2013. The Twins lost 99 games in 2011, and the franchise record is 102 losses in 1982.Pitching has been the biggest culprit in Minnesotas downfall, but the offense has suddenly gone cold. The Twins have scored five runs in their four-game losing streak.We didnt score much in New York and that trend kind of continued tonight, manager Paul Molitor said after Tuesdays loss. We had a pretty good day against Boyd last week, but he madee amends g

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