Quick Hits....

“Everyone thought sports rights were the Holy Grail. But if your revenues are not as high as you expected and you’ve signed long-term, high-priced agreements, that makes things tough” – BTIG Research analyst Brandon Ross, on media companies seeing their profits shrink due to the surging cost of broadcasting sports (BLOOMBERG NEWS, 8/31).

“I’m not surprised at all, because there are very valuable assets and there are complications, particularly if the buyer is someone who hasn’t been involved in professional sports in the past” – Game Plan Founding Partner Bob Caporale, on the Penguins taking a long time to find a buyer for the franchise (PITTSBURGH POST-GAZETTE, 8/31).

"He's energetic and charismatic, and that's a really unique thing that we don't have so much on the tour, so I think we need people like him" – Tennis player Eugenie Bouchard, on her intention to play mixed doubles at the U.S. Open with the controversial Nick Kyrgios (TENNIS.com, 8/31).