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fees and lobbying costs, putting their financial health into question. The New York Times reported last week that FanDuel recent
fees and lobbying costs, putting their financial health into question. The New York Times reported last week that FanDuel recent
in Team 23.10.2019 03:21von jcy123 •

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. Clearance Air Jordan Store . Wall made the comment in a speech to a Regina business crowd that included Lesnar. The U.S. wrestler and retired mixed martial artist says he was visiting his brothers farm in Saskatchewan and decided he wanted to hear what the premier had to say. Air Jordan China . PAUL, Minn. https://www.jordanchina.us/ . Dusautoir, the former World Player of the Year, sustained a torn bicep playing for Toulouse in the Heineken Cup on Saturday. The flanker, who has played 65 times for France, is expected to be out for up to four months. Fake Jordan . From filmmaker Nanette Burstein (On the Ropes), The Price of Gold revisits the saga that rocked the figure skating world ahead of the 1994 Lillehammer Olympic Winter Games: the assault on Nancy Kerrigan, and the plot that led its way back to her rival Tonya Harding. Air Jordan Outlet .Y. -- Marcell Dareus and the Buffalo Bills defence made life miserable for Super Bowl MVP Joe Flacco. Paul Gustard spent last summer broadening his coaching horizons as he sought to dispel the gloom that descended after Englands porous display in the final Test against Australia.A 3-0 whitewash was sealed by a roller coaster 44-40 victory in Sydney and, although it delivered the final act in a remarkable season, defence coach Gustard was left feeling dark at seeing the Grand Slam champions line breached five times.Upon reviewing the series and identifying various flaws, head coach Eddie Jones revised his view of the performances and demanded that his assistants improve by spending time outside of rugby to expand their skills.We didnt coach well enough on tour, so our staff have been working really hard investigating other sports, Jones said.Gustard visited New Zealand Warriors, Wigan and Warrington rugby league clubs and also spent time with British judo, his focus sharpened by Englands frailty at the end of a long season that began with the World Cup.I worked with Eddie before and knew he would be frank. I dont mind that. I dont want to be an ordinary coach, I want to be the best coach I can be, Gustard said.In the third Test we were off the pace -- I was pretty dark after the game. I felt we didnt give a true representation of ourselves.I was dark immediately. Its a long time (sincee) Ive been involved in a team that has conceded that many tries in a game.ddddddddddddAlthough we got lucky on occasion in the second Test, it was through sheer fight, determination and willingness to defend our line that we gave a true representation of what England rugby is about.The third Test wasnt that. We made soft errors and bad decisions off the ball. We put ourselves in compromised positions and against a good team we got burnt and you cant afford to do that.Englands next assignment is an autumn series at Twickenham comprising of fixtures against South Africa, Fiji, Argentina and Australia and Gustard is seeking perfection.My aim going into a game is not to concede any tries or any points. Thats the aim, the vision, the dream. The reality doesnt always work out like that, Gustard said.We averaged conceding 1.7 tries per game over the summer series, which isnt good enough. I know that, the boys know that.We went from conceding four tries in the Six Nations to conceding 10 tries in the summer. We conceded some pretty soft scores but we still conceded them.We know we need to bring that down and we believe we can do so with what weve been working on. ' ' '

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