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ESPN layoffs follow NFL network deal as wealthy families pursue sports expansions

Yahoo Sports • 1 min read • Latest: Jul 23, 2026, 9:55 AM

Last updated Jul 23, 2026

ESPN layoffs follow NFL network deal as wealthy families pursue sports expansions

Summary

On July 23, 2026, ESPN announced layoffs impacting on-air talent, including NFL analyst Ryan Clark. The cuts are linked to the recent $3 billion NFL Network deal, prompting discussions about changes in ESPN's economics. Meanwhile, the Walton family is reportedly preparing a bid for a new NBA team in Las Vegas, which could surpass $8 billion, while the Mittal family has invested in the Boston Celtics and is negotiating for a stake in Liverpool.

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By the Numbers

•ESPN faces layoffs due to its $3 billion NFL Network deal.
•Ryan Clark was among those laid off abruptly during filming.
•The Walton family is preparing a bid for an NBA Las Vegas team.
•The Mittals have invested in the Boston Celtics and are targeting Liverpool.
•These developments showcase increasing family involvement in sports ownership.

Latest Updates

9:55 AMYahoo Sports — Sporticast: A Tale of Two Billion-Dollar Sports Family Empires

What they're saying

"
On the 572nd Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams discuss some of the biggest sports business stories of the week, including a breakdown of two very wealthy families that have sprawling sports ownership portfolios. First, however, they discuss layoffs this week at ESPN. Many of the reductions were a direct result of the …
— Yahoo Sports

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