Welcome to Sportico’s transactions wire, a weekly rundown of personnel, partnerships and products across the sports business industry.
Los Angeles Lakers Name Elaine Shen Chief Financial Officer
The Los Angeles Lakers have named Elaine Shen chief financial officer. Shen will oversee all financial aspects of the Lakers, shaping strategic growth, driving profitability and creating continued value for the global franchise. In a related move, Joe McCormack will shift to an executive advisory role as senior vice president of finance. Shen joined the Lakers in 2016 and has held a variety of strategic roles across the organization in both business and basketball operations. Most recently, she served as the team’s associate CFO.
U.S. Soccer Extends CEO and Secretary General Batson’s Contract
U.S. Soccer announced a long-term contract extension for CEO and secretary general JT Batson. Batson, who joined U.S. Soccer in 2022, will continue to lead the organization’s In Service to Soccer strategy. His renewed tenure comes with the U.S. co‑hosting the 2026 FIFA World Cup, the 2028 Olympic Games, and the bid for the 2031 FIFA Women’s World Cup.
