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Silver Lake's Endeavor Takeover w/ planned sell off ( via Bloomberg) - any speculation/thoughts on which parts of business will be sold?
Bloomberg Jan 18: Silver Lake Plans to Sell Off Parts of Endeavor After Takeover Businesses are broken out into three categories (per 2022 annual report) Owned Sports Properties: WWE, UFC, Euroleague Basketball Events, Experiences, Rights: IMG Events, IMG Media, On Location, Endeavor Streaming,...
Sports Private Equity
I had a thought the other day. Are there any firms that have invested in a sports team/franchise as say a 'portfolio company'? One example, although a bit different, is Elliot Management took control of historic Italian Football team AC Milan this summer after the past owner defaulted on the debt...
When Did Athletes Start Getting Rich?
Even in today's dollars, Babe Ruth wouldn't have been rolling in dough like so many athletes today. The multi-million dollar sports deals are a phenomenon of our time. Interesting read for any sports enthusiasts out there. http://www.firmex.com/blog/when-did-athletes-start-getting-rich/
Financial agreement or "indentured servitude"?
Did you guys know about third party ownership of players in soccer? What do you guys think, is this fair? http://www.firmex.com/blog/third-partner-ownership-of-football-players/
The Money Leagues (Part 5): Player or Personality?
Professional athletes are some of the highest paid people in the world. Yes, they even make more than bankers. Why? Because their abilities are in high demand. Athletes are needed not just by sports leagues and teams, but also by marketers, non-profit organizations, and fans. A player's pay is...
The Money Leagues (Part 4): Fan or Fanatic?
Tonight, we will look at the different types of fans. This post will focus more on psychology of fandom and less on the economics of sports. I hope this information is new to you, and that it opens your eyes to a new way of thinking about being a fan. Most of the source material comes from class...
The Money Leagues (Part 3): $tadiums
How do professional sports teams make money? If you think about it, teams make money from their players , from their fans, and from their stadiums. For the next three weeks, I will discuss these three topics. Today, let's focus on the most tangible of these money makers, stadiums. Since the...
The Money Leagues (Part 2): Accounting for Sports
Is your team really losing money? "Every year in the building we've lost money aside from last year.." Micky Arison, owner, Miami Heat. Like the owners of a majority of professional sports teams, Arison made his money in industry, and then bought a sports franchise. The best words to describe a team...
The Money Leagues (Part 1)
It is hard to find anyone who doesn't enjoy watching some form of professional sports. Be it Football, Hockey, Baseball, Basketball, Soccer, or Cricket (thanks to India, cricket just might be the world's 2nd most popular sport), millions of people in the US, and billions of people worldwide identify...
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