Sports Business
Sports Illustrated - 60% of NBA players broke within 5 years
Most of us do not have much sympathy for athletes that get paid millions and turn out to be broke few years after they retire. But after reading this article, you might.
According to SI, “within five years of retirement, an estimated 60% of former NBA players are broke”.
It makes you wonder is there an ongoing [...]
Financial Troubles for the NBA: Kings and Pacers on the Move?
According to the Boston Globe, Sacramento Kings may end up moving to Anaheim. They are currently in playing Arco Arena labeled NBA’s worst stadium by Sacramento Bee. It opened in 1988 for about $40 million. Last Friday, Joe Maloof met with Sacramento Mayor Kevin Johnson to talk about the team’s future and possibility of a [...]
Stats Acquire PA SportsTicker
Stats LLC has acquired PA SportsTicker, a sports news agency that offers real-time sports news. SportsTicker formally owned by ESPN, has many clients such as ESPN.com, Yahoo.com, and Foxsports.com.
The deal gives Stats a monopoly over the sports information statistic business. The company will be half owned by AP and Murdoch’s News Corp.
NY Times is selling its stake of Boston Red Sox
The New York Times is looking for a buyer for its stake in the holding company of the Boston Red Sox. The NY Times, recently mortgaged its headquarters to stay afloat through this tough financial crisis. They have 17.5% ownership in New England Sports Ventures LLC (NESV), which owns the storied Red Sox, Fenway Park [...]
Lebron and Microsoft Part Ways
Microsoft decided not to renew their contract with King James. It leaves James without a website, as LebronJames.com was taken down.
With the economy going down, I know I have great relationships with the partners that I have, said Lebron.
He certainly has lucrative deals with Nike and Coke to fall back on. The advertising market in [...]
