TL;DR based on the attached articles

Disney is set to sell X Games to an investment group led by The Najafi Companies and MSP Sports Capital in a deal reported to close by the end of Q1 2022. The Najafi Companies invests in "the Suns, Formula 1 team McLaren, Bundesliga’s FC Augsburg, Belgian soccer team Waasland-Beveren​​, La Liga 2 team AD Alcorcón, and MSP Sports Capital." While the exact details of the deal are undisclosed, "a source indicates they see a chance to acquire a widely recognized brand, one that has faltered a bit in recent years, and the opportunity to re-invigorate it (and capitalize on the upside, if successful)."

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