"Crowd Goes Wild" will air for the first time Aug. 17, a week before Philbin turns 82, the network said.
The cast includes Jason Gay, a longtime sports columnist for The Wall Street Journal; Michael Kosta, who has turned from pro tennis to comedy; Trevor Pryce, whose 14 years as a defensive end in the NFL included two Super Bowl championships and four Pro Bowls; and Sky Sports host Georgie Thompson. Kate Nolan,
of Guyism.com and Youtube fame, will be the social media correspondent.
"There are sports news shows, debate shows and shows that present a single point-of-view, but 'Crowd Goes Wild' is aiming for a fresh approach," executive producer Michael Davies said.
Philbin has spent decades in television, most notably on "Live! with Regis and Kelly" and "Who Wants to Be a Millionaire."