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Everything you need to know in #SportsBiz today:   1. Unrivaled preparing 'Lionel Messi-like' offer to tempt Caitlin Clark for inaugural season, reports Front Office Sports 2. Chelsea director Jonathan Goldstein, the Ambani family, and the Glazer family interested in stakes in The Hundred, reports The Telegraph 3. New Amagi Corporation report reveals 150% surge in global sports streaming on FAST platforms 4. MLS considering switch to a fall-spring season, reports The Athletic 5. Harry Kane and Brooks Koepka among elite athletes joining Lead's athlete investment fund 6. LIV Golf closing in on deal to stage first event in India, says Sky News 7. Nashville group launches NWSL expansion bid 8. DP World extends Ryder Cup partnership through 2027 9. Iberdrola renews as official energy partner of Billie Jean King Cup Finals 8. Williams Racing expanded partnership with Gulf Oil sees Revivia brand become F1 team's official coffee partner 9. Parachute payments included in UK's updated Football Governance Bill for Premier League and Championship 10. Chicago Bulls to face local cable blackout unless new RSN strikes a carriage deal with Comcast 11. Football Supporters’ Association staging fan protests over Premier League ticket pricing over the next two weekends 12. Oakland Athletics owner John Fisher looking to sell 25% stake in MLB team in bid to raise $500m, according to the NY Post 13. Spring Media secures Danish Superliga rights sales brief outside the Nordics until 2027   Keep your finger on the pulse with all the major stories and news announcements by checking out The Wire - our one-stop-shop and super-feed of sports business news 👉 https://lnkd.in/dJKSjMv5

Africa has a really tough task of keeping up with the state-of-the-art sports arenas being built worldwide. Because sports is such a big deal, the investment being made into sports assets is humongous! Gone are the days when $200m would get you a jaw-dropping stadium. Back in 2006, when Arsenal completed their Emirates Stadium, it had cost a total of £360m to build, and that was then considered out of this world. But what do we see today? The new Camp Nou is estimated to cost €1.07b, while the larger Espai Barça project is estimated to cost around €1.45b in total. Then we have the new Santiago Bernabeu Stadium in Madrid which is reported to have cost about €1.76b. After the completion of the new Santiago Bernabeu, Real Madrid's operating income reached €1.073b for the 2023/24 financial year, representing a 27% increase on the previous year and making it the first team to surpass the €1b mark. They did so by increasing their seating capacity, improving their already-premium hospitality offerings and perhaps most importantly, making the stadium versatile enough to allow it to host a wide range of events from music concerts to international sports events like NFL games, tennis matches, and more. Real Madrid President Florentino Perez set a target of having one non-football event every week. FC Barcelona could similarly increase their operating revenue once the new Camp Nou is completed, making such investments worthwhile. In the USA, we have similar, expensively-built stadiums such as: - The UBS Arena in New York, home of the NHL's New York Islanders ($1.5b) - The Mercedes-Benz Stadium in Atlanta, home of the NFL's Atlanta Falcons and MLS' Atlanta United FC ($1.59) - The AT&T Stadium in Arlington, home of the NFL's Dallas Cowboys ($1.58b) - The Allegiant Stadium in Las Vegas, home of the NFL's Las Vegas Raiders ($1.9b) But all these are nothing compared to the newly-built SoFi Stadium in Inglewood, which cost $5.5b to build. The LA Rams and the LA Chargers play their games here. But the stadium is owned by Rams owner Stan Kroenke, so the Rams will have a controlling interest in its revenue. Simply mind-blowing. So now back to my beloved Africa. How do we keep up? I guess the answer is that for now we can't. Unfortunately. However, what we do need to do is follow their example of making our stadiums fit for other uses besides football and make them the prime destinations for concerts, other events and other sports, WITHOUT COMPROMISING THE INTEGRITY OF THE PLAYING SURFACES. Sorry, I had to shout that. It's been a bit of a problem in my country, recently. That certainly can be done, and for much less than what the others had to pay. We just need to make sure there is adequate security, ease of access and good enough hospitality offerings, and the clubs and/or governments who own the stadiums will be able to maintain the stadiums, and grow their revenues, hopefully to the point that one day we can also build our billion-dollar arenas here too.

#NFLMunichGame: Go GLOBAL or Go Home! The Allianz Arena, one of Europe’s largest stadiums, is set to welcome around 70,000 American football fans for tomorrow's game between the Carolina Panthers and the New York Giants in Munich, Germany. The Allianz Arena previously hosted the first NFL regular-season game in Germany in 2022 and will again serve as a venue for this exciting matchup. The NFL has a rich history of international competition, with 50 regular-season international games played to date: 36 in London, six in Toronto, five in Mexico City, two in Munich, and one in Frankfurt. I've had the privilege of attending half of those games. My mantra is clear: go global or go home! In 2006, I spoke at a major sports business conference attended by over 1,000 people. On stage, I confidently declared that the NFL would someday have a team in London. The audience was skeptical! Later that day, I reiterated my prediction in an interview with Sky Sports. While we haven’t seen a London team yet, in 2024, we’re closer than ever. On October 28, 2007,The Miami Dolphins faced the New York Giants in the inaugural International Series game at the iconic Wembley Stadium in London. I was fortunate enough to be watching the game at Wembley in the Royal Box with Roger Goodell and many other influential sports executives. This ticket was included with attendance at Sport 2020: The Changing Face of the Global Sports Industry, which had a star studded line up of sports executives including Premier League football team owners, NFL team owners, leading industry experts and key executives from leading sponsors of sport including Jerry Jones, Robert Kraft, Tom Hicks, Stan Kroenke, Peter Kenyon, and so many others! Yes, in 2007, I attended an exclusive meeting to grow the NFL internationally. Today, in 2024, the NFL has committed to playing at least four international games each season, and every eight seasons, each team is guaranteed a home game at an international venue. Stadiums across Europe and beyond are being renovated to accommodate NFL games. Many wonder why the NFL is expanding its presence in Europe. The answer is simple: "Show me the money!" Sports is big business, and where there are dollar signs, there are opportunities. The internet has transformed how fans consume sports; games can now be watched from anywhere in the world. This global reach allows teams and leagues to grow their fan bases, with high-priced tickets selling out in minutes internationally. The NFL has established offices in various international cities, including Düsseldorf, London, Mexico City, Toronto, Shanghai, Brisbane, and São Paulo. Think about that! Jobs are plentiful. Dont miss out. Learn what you need to know to get hired in any pro league you love. Get paid for your passion. Don’t pay to go to the game, get paid to go to the game. Sports Business is exploding. Get in on the front end, and be a part of the rapid expansion. You will never regret it.

Highlighting the emergence of Las Vegas as “America’s most exciting sports town,” this New York Post article notes, among other trends, that “the number of people booking trips to Las Vegas annually to see a live sporting event has tripled since 2022 to more than 2 million, according to the Las Vegas Convention and Visitors Authority - LVCVA.”   The article further breaks down the drivers of the growing sports momentum in Las Vegas, highlighting the draw and activation of the VICI-coined “Sports Triangle” – the area formed by Allegiant Stadium, T-Mobile Arena and the proposed A’s stadium, in or adjacent to which VICI owns 6 properties. From the 2024 Super Bowl to Formula 1, an increasing number of eyes have experienced the city in a new light, and the continued momentum suggests that Las Vegas may be the next “epicenter of America’s sports world."

Here's what led up to the privatization of sports and what the next decade looks like for amateur and professional sports.

In 2008, billionaire businessman Stephen Ross saw potential in Miami's sports scene. He acquired half of the Miami Dolphins, Dolphin Stadium, and surrounding land for $550 million. A year later, he strategically increased his ownership stake in the team, bringing the total investment to $1.1 billion. This strategic vision appears to be paying off handsomely. Recent reports revealed that Ross rejected a staggering $10 billion offer for the Dolphins, stadium, and Miami Grand Prix rights – a nearly 90% increase in value over a decade. Regardless of the $10 billion offer's legitimacy (potentially a tactic to influence market valuation), it's undeniable that the Miami Dolphins' worth has skyrocketed under Ross's leadership. Forbes recently valued the team at $5.7 billion, showcasing the ever-increasing ceiling for NFL franchises and sports conglomerates, even amidst economic fluctuations. Formula 1 has proven to be a particularly wise investment for Ross. Owning the Miami Grand Prix rights for the next seven years has yielded significant returns. The first two editions attracted nearly 300,000 attendees each, generating an estimated economic impact of almost $800 million. This weekend's event is expected to shatter previous attendance and sales records, further solidifying the race's success and undoubtedly enhancing the value of the Miami Dolphins brand. The portfolio extends beyond the NFL and Formula 1. It encompasses the prestigious Miami Open tennis tournament, upcoming Copa America 2024 matches (including the final), and even hosting rights for select matches in the 2026 FIFA World Cup. Stephen Ross has meticulously built a well-rounded sports empire in Miami. As the city's attractiveness to the sports industry continues to flourish, it's highly likely that offers surpassing $10 billion will resurface soon. #WeAreConquista #Sports #Business #MiamiDolphins #Investments #FormulaOne #NFL #Ownership #CopaAmerica #WorldCup

Orlando Takes the Top Spot in the 2024 Best Sports Business Cities (BSBC) Ranking! The Florida city has surpassed Las Vegas, Los Angeles, Atlanta, and Indianapolis in the Best Sports Business Cities (BSBC) ranking, solidifying itself as a center of excellence for soccer, and attracting the attention of clubs, players, and investors. (source: gazetanews.com) High-Level Events Drive Success: - FC Series: This high-caliber pre-season soccer league brings giants like Real Madrid, Chelsea, Arsenal, Juventus, and Flamengo to Orlando, making the city a coveted destination for the world's top teams. - 2024 Copa América: The Brazilian Men's National Soccer Team will prepare for the tournament in Orlando, including a friendly match against the United States at Camping World Stadium. - Investor Opportunities with A3 Sports Management: A3 Sports Management, a specialist in sports management and business development, offers investors the expertise needed to capitalize on the potential of the Orlando soccer market. Our Services Include: - Market Analysis and Opportunity Identification: We help identify the most promising niches within the Orlando soccer market, focusing on return on investment. - Customized Project Development: We create tailor-made projects for investors, ranging from establishing soccer academies to managing clubs and organizing events. - Connection with Key Stakeholders: We facilitate contact with clubs, players, local authorities, and other stakeholders important to the success of your investment. - Efficient Operational Management: We take over the operational management of your investment, ensuring professionalism, transparency, and results. Join us and be part of the future of soccer in Orlando! A3 Sports Management: Your Strategic Partner for Success in the Soccer Market. Contact: https://lnkd.in/eAiW9jBN #OrlandoSoccerBoom #InvestOrlandoSports #CopaAmericaOrlando #FCSeries #SportBusiness

San Antonio - Sports Business Local business leaders discuss the sports ecosystem in San Antonio.

Our CEO of North America, Jason Wagenheim, sat down with Press Gazette's Charlotte Tobitt to discuss our winning strategy for making Footballco "the most definitive, important soccer media platform in the US come 2026." Jason also discusses what sports publishers can learn from lifestyle media, how we're working with our rights-holder partners and how we're winning over soccer-curious brands. https://lnkd.in/eap8NqV3

Not only is MLS dealing with competing with the other major sports and fast growing niche sports in North America but other Soccer leagues looking to gain market share into the North American market. With a lot of stakeholders vying for attention and market share, MLS needs to lock in on what type of league it's ultimately trying to be, double down on community - fan engagement/ experience, increase efforts in story telling / marketing and the "entertainment" aspect of the game, and continue the great work in the youth development space. High tides lift all boats and as soccer continues to grow in the North American market hopefully MLS can continue to position itself. The article doesn't necessarily have anything to do with MLS but it got me pondering What thoughts do you have around this topic? https://lnkd.in/gnG-rRza