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The NFL/ESPN (Disney) deal announced Aug 5, 2025 was described as a non-binding agreement that still required definitive documents + approvals/closing conditions.
https://thewaltdisneycompany.com/espn-nfl-agreement/
Even after NFL owners approved the deal (Oct 22, 2025), reporting emphasized a potentially lengthy antitrust review with no close date given.
https://www.sportsbusinessjournal.com/Articles/2025/10/22/nfl-owners-approve-disney-deal/
Reuters reported the deal was likely to face DOJ antitrust scrutiny and that review could take up to about a year.
https://www.reuters.com/legal/litigation/espn-nfl-deal-faces-regulatory-hurdles-2025-08-07/
The Washington Post explicitly said the deal was nonbinding and was expected to be finalized by late 2026.https://www.washingtonpost.com/sports/2025/08/05/nfl-espn-deal-redzone-equity-stake/
@10thOfficial Could you confirm whether regulatory approval for the deal is necessary for this market to resolve yes?