Menu
Facilities Venues

HORNETS ABUZZ ABOUT NEW HIVE, AS TEAM REWORKS CURRENT LEASE

          The Hornets new uptown arena "moved closer to reality"
     yesterday with the Coliseum Authority's "unanimous approval
     of an amended lease" between the team and the city of
     Charlotte, according to Dan Chapman of the CHARLOTTE
     OBSERVER.  The newly reworked lease "would satisfy" the
     Hornets short-and long-term need, "provided" the Council and
     Owner George Shinn approve the deal later this month.  Under
     its terms, the team would "take greater control" of the
     Coliseum, "beefing up marketing and trying to lure more
     events" to the facility.  The Hornets hope to earn another
     $1M a year from the Coliseum, and the "bulk of" any new
     revenue for the team "could come from the proposed sale of
     the Coliseum's name."  Chapman writes that Charlotte-based
     companies Duke Energy and First Union are possibilities to
     buy naming rights, "valued at a minimum of" $500,000 a year. 
     The city council has "final say" on who obtains naming
     rights.  The new lease deal also calls for a decision "by
     2000 on whether taxpayer dollars would be used to help build
     a new arena," which is "tentatively" scheduled to open for
     the 2004 season (CHARLOTTE OBSERVER, 3/12).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/1998/03/12/Facilities-Venues/HORNETS-ABUZZ-ABOUT-NEW-HIVE-AS-TEAM-REWORKS-CURRENT-LEASE.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/1998/03/12/Facilities-Venues/HORNETS-ABUZZ-ABOUT-NEW-HIVE-AS-TEAM-REWORKS-CURRENT-LEASE.aspx

CLOSE