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NFL's games in Brazil, Europe are key to more revenue growth, Goodell says The National Football League kicks off its first-ever game in South America on Friday night, as the league pushes to grow its footprint overseas.As the NFL enters the Southern Hemisphere, professional football has never been stronger financially. Last season, the league pulled in $13 billion in revenue, and the average team is worth about $6.5 billion, according to CNBC's Official NFL Team Valuations.But as the league tries to sustain its growth, international markets are a priority.Ahead of t... Read more here: https://lnkd.in/dhxruxDk . . Like 💝 Comment below ⏬ Share ✅ For More Such Updates Follow Us @qnewshub @qnewscrunch . . #qnewshub #qnewscrunch #Business

The San Antonio Spurs are at the forefront of domestic growth among NBA teams. To discuss how we're expanding our brand in Central Texas, our SVP of strategic growth and deputy general counsel, Brandon James, recently caught up with Axios Austin. "Growth is an emphasis of the NBA generally, whether in India, or China, or South America. But in terms of domestic growth, the Spurs in particular are at the forefront, just as we are with analytics and international scouting. We're one of few teams looking at growing fanbase domestically and thinking about that geographically, culturally and economically." Read more: https://bit.ly/3YsQoku

Lots of business lessons here.

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Who Was Better: Playmaker or Jerry Rice? | NFL Legends Debate Join the heated debate on whether Playmaker or Jerry Rice was the better NFL player. Explore their career stats, accolades, and controversies. Get ready for a passionate discussion! #PlaymakerVsJerryRice #NFLLegendsDebate #FootballGreatest #FootballDebate #NFLHistory #SportDiscussions #SportsTalks #NFLFans #FootballStats #FootballGOAT

As the Boston Celtics and Dallas Mavericks prepare to face off in the NBA Finals, the league is on track to score big: It is closing in on deals with NBC, ESPN and Amazon that would bring in about $76 billion in media revenue over 11 years, people familiar with the discussions said. The NBA sweepstakes has turned into a defining moment for the TV industry, highlighting the anxieties of traditional media companies about the collapse of cable and their uncertain financial futures in the streaming world. It has put front-and-center the paradox that sports content is outrageously expensive but also critical to own in an industry in which it is one of the few reliable ways to draw in audiences. The NBA is on track to increase its annual fees by more than 2.5 times under the new deal, to an average of nearly $7 billion. The NFL roughly doubled its fees under its last deal to around $10 billion a year. The NBA has much lower average ratings than the NFL, but it has more games and a young audience that is important to advertisers. It is very popular abroad, which is a big motivator for Amazon’s Prime Video. #nba #professionalsports #basketball #nfl #mlb #television #streaming #nbc #espn #amazon #disney #wnba #sportsmarketing #warnerbrothers #tnt #entertainment #media #sportsmanagement

As the basketball world gets ready for tonight’s tip-off of the NBA Finals, the private equity industry is continuing to expand opportunities for access into sports assets and their lucrative businesses. The #WSJ recently reported that the NBA is nearing a landmark media deal valued at up to $78 billion, highlighting the substantial financial opportunities within the sports sector. With private equity firms pursuing stakes in NBA teams as well as other sports franchises, more opportunities are emerging for investors to fuel professional sports with private capital and potentially benefit from this unique asset class. Advisors can align their clients’ investment goals with their interest in sports by tapping into these funds through GLASfunds, which provides streamlined access to these investments and low investment minimums. Get in touch to learn more about the diverse alternatives investments available, including those in the rapidly expanding sports & live entertainment industry. https://lnkd.in/e2gPaR3W #sportsbusiness #sportsinvesting

The Varsity * The NBA is continuing to talk with Warner Bros. Discovery and NBC, but negotiations are not far enough along yet for the league to start conversations around WBD’s all-important matching rights. NBC and the NBA would have to be close to a signed deal for negotiations over those matching rights to truly commence. * Comcast and Diamond have barely spoken in the nine days since the cable operator dropped all of the Bally Sports Networks from its Xfinity cable systems. Both sides are entrenched in their positions, and it doesn't look like any deal is close. * CBS Sports’s deal with the Italian soccer league Serie A expires in a couple of weeks and the two sides are not close on a renewal. The Italian soccer league will either have to accept a much lower rights fee from CBS or find a new partner in the U.S. market. * Former Turner Sports president Lenny Daniels was considered one of the early favorites to replace Norby Williamson, but now has become a much longer shop as ESPN is not moving off its desire that the role will be based in Bristol, Conn. * Streaming, Paramount, women's sports, Spulu and sports betting were the top topics on the minds of NFL lawyers who gathered in Washington, D.C. this week. I spoke to the group on Wednesday morning about the changing media landscape, and these were the focus of most of the questions I fielded. * It looks like Netflix will wind up carrying the two NFL games scheduled for December 25, per a bevy of sources. It’s a first-of-its-kind deal, and almost certainly not the last. https://lnkd.in/eQN-tqcj

The Premier League, with its unparalleled global viewership, is leaving money on the table by not securing robust deals with streaming platforms. Instead the Premier League looks set for a civil war in the courts, while the NBA just demonstrated exactly how much money can be made when involving the tech companies in TV deals: NFL Media Deal Total Value: $113 billion Duration: 11 years (2023-2033) Average Value per Year: $10.27 billion Average Viewers per Week (U.S.): 17 million Number of Games: 272 regular season games + 13 playoff games NBA Media Deal Total Value: $75 billion (anticipated) Duration: 9 years (2025-2034) Average Value per Year: $8.33 billion Average Viewers per Week (U.S.): 1.4 million Number of Games: 1,230 regular season games + up to 105 playoff games Premier League Media Deal Total Value: £5 billion (approximately $6.3 billion) Duration: 4 years (2025-2029) Average Value per Year: £1.25 billion (approximately $1.575 billion) Average Viewers per Week (U.K.): 4.5 million Number of Games: 380 regular season games (no playoffs) 📺⚽ #PremierLeague #MediaRights #Streaming #BusinessStrategy

Some great insights in this piece on the Lakers. 3 big takeaways from the story. 1. JJ Redick built a plan around where his team is today. You can't expect Lebron to carry the team in his 40's, but by playing to his strengths he leveraged even greater performance from Anthony Davis. 2. Lebron checked his ego, and focused on the team's success. Interestingly enough, even as his points per game drops, he is still putting up impressive numbers. 3. The Lakers are setting themselves up for the future by building up the next generation of players. These are all great lessons that we can apply to our own teams at work. Good managers understand their team's strengths and weaknesses, builds a plan around them, and then steps back to let them shine. #teamwork #NBA