May 9, 2013

Concessions Helped Sacramento Group

Sacramento Kings

(from Sports Business Journal, May 6-12, 2013)  Efforts in moving the Sacramento Kings to Seattle were denied last week following a negotiation between the National Basketball Association (NBA) and the group who is interested in buying the team.  The group interested in buying the Kings, led by Vivek Ranadive, a software titan, agreed to cover a […]

April 25, 2013

Uncertainty Over NFL Draft Picks add Suspense, but may Hurt Show’s Ratings

2013 NFL Draft

(from Sports Business Journal, April 22-28, 2013) With the up and coming NFL draft, suspense is building regarding the selections of the NFL teams. However, with a small amount of big names in this year’s draft, television ratings may take a significant hit. According to sports television consultant, Neal Pilson, “all our data and research tells […]

April 11, 2013

MLB Sponsors Step to Plate for New Season

Anheuser-Busch is the offical beer sponsor for the MLB

(from Sports Business Journal, April 1-7, 2013)  Anheuser-Busch begins the Major League Baseball (MLB) season by rolling out new team-branded Budweiser cans for 23 clubs. As the presenting sponsor of opening week, Anheuser-Busch tagged TV ads, in-stadium announcements, and presented point-of-sale materials with an “opening week” tag for wholesalers. Venues such as Baltimore, Boston, Cincinnati, Cleveland, Detroit, […]

February 20, 2013

Hubbard: Ticketmaster Will Make Money on Yankees

clean_new_york_yankees_wallpaper

(from Sports Business Journal, February 18-24)  Last week, the New York Yankees announced its own formal manifestation by partnering with Ticketmaster to create a new secondary ticketing partnership. Previously, MLB Advanced Media and StubHub acted as the secondary market to the New York franchise. Ticketmaster Chief Executive, Nathan Hubbard, stated “as a stand-alone entity, this […]

December 6, 2012

Wright State Targets Group With its New Baseline Buffer

Nutter Center, Home of Wright State University

(from Sports Business Journal, December 3-9) Wright State Officials approved the plan to develop a banquet-style hospitality space along the north baseline of the Nutter Center. The Raider Party Deck can accommodate 120 people and is available for single-game group sales. For the cost of $650 a game, Ovations Food Services will provide you a […]

November 1, 2012

Daytona Hopes Approval Will Clear the Way for Renovation

Daytona

(from Sports Business Journal, October 15-21) International Speedway Corporation (ISC), owner of the 53-year-old speedway, is hoping to receive approval this week from Daytona Beach City Commission to start renovations in 2013 or 2014 season. The plan was submitted last June to rezone the speedway from a major sports district to a “plan master development […]

October 4, 2012

More Teams Don Their Concert Promoter Hats

"Brother of Sun" Tour at MetLife Stadium

(from Sports Business Journal, October 1-7, 2012) Numerous NFL, MLS, and MLB stadiums have taken the leap in to the concert promoting business. Following Bruce Springsteen’s “Wrecking Ball” tour of 2012, major league and professional teams have explored the profitable concert industry. By taking on the promoting role, teams no longer have to rent out […]

September 20, 2012

Florida Panthers Reach Record Deal with BB&T

Aerial view of BB&T Center, former BankAtlantic Center.

(from Sports Business Journal, September 10-16) NHL’s Florida franchise, the Florida Panthers, reached an agreement with BB&T, a North Carolina based organization, which could extend to 20 years. The deal is the most lucrative naming deal for a Florida arena, valued at $3.7 million a year, with two five-year options. Before the takeover of BB&T, the […]