Is This the Next Big Deal to Fall Apart?

Let the games begin?

Two of America’s pro sports leagues, Major League Baseball and the N.B.A., are working to resume play after calling off games because of the pandemic. Neither has a clear path to reopening just yet.

N.B.A. owners will vote today on resuming the 2019-2020 season at Walt Disney World late next month, The Times’s Marc Stein reports. The teams that would participate — 16 teams in playoff positions in the rankings and six that were close to making them — would send essential personnel to live at the Disney resort, and play games in empty arenas.

• The players’ union still has to approve the plan, though the league’s commissioner, Adam Silver, has been negotiating with the head of the union, Chris Paul, for weeks. (Bob Iger of Disney, which owns ESPN and the resort, is also involved.)

They’re further along than M.L.B. Team owners yesterday rejected a proposal by the players’ union for a shortened 114-game season, after the players turned down an offer for an 82-game season. Owners may counter with a 50-game proposal, which the union would most likely reject.

• As The Times’s Tyler Kepner points out, it’s all about money. All the wrangling means that the M.L.B. doesn’t look likely to come back soon.

Financiers create funds to fight racial inequality

As the business world reckons with discrimination and racism, investment firms are doing what they know to address the issue: raising new funds meant to help disadvantaged groups.

Article source: https://www.nytimes.com/2020/06/04/business/dealbook/tiffany-lvmh-deal.html