Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business.
If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back page entertainment. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries.
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The Red Sea's Tiran island, foreground, and the Sanafir island, background, in the Strait of Tiran between Egypt's Sinai Peninsula and Saudi Arabia.
Tarek El-Tablawy and
Egypt’s government approved a maritime border deal that transfers two Red Sea islands to Saudi Arabia and triggered the largest protests during President Abdel-Fattah El-Sisi’s rule.
The cabinet on Thursday referred the agreement, which is currently being disputed in Egyptian courts, to parliament for approval, according to an e-mailed statement. It was unclear whether the legislature would consider the matter before an expected court ruling on Jan. 16.