National Football League

Money Moves

Holds 10% equity stake in ESPN

For 28 years ESPN was Disney's cable cash machine — a pay-TV channel that millions paid for whether they watched it or not. Disney's May 6 earnings report described something different: a standalone $29.99-a-month streaming service, an asset valued at $30 billion, and a sports network in which the National Football League now owns 10%.

Updated May 31

Rule Changes

Primary defendant; lost arbitration battle, petitioned Supreme Court

For twenty years, the National Football League has resolved disputes through arbitration controlled by its commissioner. On February 13, 2026, a federal judge ruled that system cannot shield the league from allegations of discrimination against Black coaches, meaning evidence about how teams make hiring decisions will become public.

Updated May 29