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City Football Group's Lommel SK purchase expands its empire to Belgium

Kendall Baker, author of Sports
Map: Aïda Amer/Axios

City Football Group has purchased second-division Belgian soccer team Lommel SK, adding a ninth club to its worldwide portfolio.

Why it matters: CFG is run by the Abu Dhabi royal family and was recently valued at $4.8 billion, making it the second most valuable enterprise in all of sports behind the Dallas Cowboys.

"We were attracted to Lommel's culture, training facilities and commitment to youth development and we look forward to learning from their approach and helping the club to evolve in the months and years ahead."
— Ferran Soriano, CEO, City Football Group

The backdrop: After buying Manchester City in 2008 and quickly turning it into a juggernaut through massive spending, CFG has continued purchasing teams in key markets in hopes of building a global sports and entertainment giant.

Go deeper: Inside the City Football Group empire

Go deeper

Ivana Saric
1 hour ago - Health

CDC says some immunocompromised people can get fourth COVID shot

Photo: Noriko Hayashi/Bloomberg via Getty Images

The Centers for Disease Control and Prevention said in updated guidelines Tuesday that some immunocompromised people who have received either Pfizer or Moderna's COVID-19 vaccines will be able to get a fourth shot.

Details: People over 18 who are "moderately to severely immunocompromised" and have received three doses of an mRNA vaccine may get a fourth shot (of either the Pfizer, Moderna, or Johnson & Johnson vaccines) at least six months after getting their third Pfizer or Moderna dose, per the CDC.

Go deeper (<1 min. read)Arrow
Alayna Treene, author of Sneak Peek
2 hours ago - Politics & Policy

Scoop: Biden plan expected to include at least $500B for climate

Photo: Stephanie Keith/Bloomberg via Getty Images

The White House is privately telling lawmakers the climate portion of President Biden's roughly $2 trillion social spending plan is "mostly settled" and will likely cost more than $500 billion, two sources familiar with the talks tell Axios.

Why it matters: A pricetag of $500-$555 billion is a huge number and, if it holds, would likely be the single biggest component of the sweeping package. It also isn't far off from the roughly $600 billion proposed when the bill was expected to cost $3.5 trillion.

Go deeper (2 min. read)Arrow
Barak Ravid, author of from Tel Aviv
2 hours ago - World

U.S. presses Gulf countries to help resolve Sudan coup crisis

Jake Sullivan briefs the press. Photo: Chip Somodevilla/Getty

The Biden administration has asked its partners in the Gulf and elsewhere to press the Sudanese generals who carried out a coup on Monday to release captives including Prime Minister Abdallah Hamdok and to reinstate the civilian government, White House National Security Adviser Jake Sullivan said in a press briefing on Tuesday.

Why it matters: The U.S. has limited influence over coup leader Gen. Abdul Fattah al-Burhan and other military leaders, many of whom have close ties to Saudi Arabia and the United Arab Emirates.

Go deeper (1 min. read)Arrow