Menu
Franchises

STUDY BY SMG SHOWS THAT PENGUINS' LEASE AT ARENA IS FAIR

          A study commissioned by Civic Arena landlord SMG and
     done by PricewaterhouseCoopers concluded that the Penguins'
     lease at the arena "is about average compared with those of
     other teams," according to Ann Belser of the PITTSBURGH
     POST-GAZETTE.  The new study comes just days after the
     Penguins issued a news release saying that their study "had
     determined the lease to be one of the league's most onerous"
     (See THE DAILY, 5/14).  The SMG-sponsored study showed the
     team ranked "in the middle" in a comparison of leases at
     eight arenas occupied by only one pro sports franchise.  SMG
     President Wes Westley said: "Hopefully, this report will put
     to rest all of the false and misleading accusations that the
     Penguins' lease is the worst in the [NHL]."  Though SMG
     released a statement about the report, it did not make the
     report available (PITTSBURGH POST-GAZETTE, 5/15).
          SMG'S SIDE OF THE STORY: In Pittsburgh, Bob Smizik
     writes that SMG "would be putting its entire operation in
     peril" if it decided to renegotiate its lease with the
     Penguins, because teams occupying its other facilities
     "would be expected to do much the same elsewhere."  Smizik
     adds that SMG "shouldn't be the only group expected to make
     concessions" (PITTSBURGH POST-GAZETTE, 5/17).
          DON'T GIVE UP THE FIGHT: In Montreal, Jack Todd
     examines the Penguins' plight: "There aren't many corners of
     this continent outside Canada where the NHL has such a
     clear-cut advantage over the NBA; it's territory the NHL
     can't surrender without a fight" (Montreal GAZETTE, 5/17).

SBJ Morning Buzzcast: May 6, 2024

Takeaways from a big sports weekend including The Kentucky Derby and F1's Miami Grand Prix; Caitlin Clark's WNBA preseason debut; a new RSN set to form in Chicago.

Learfield's Cory Moss, MASN/ESPN's Ben McDonald, and Canelo

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with Learfield's Cory Moss as he talks about his company’s collaboration on EA Sports College Football. Later in the show, we hear from MASN/ESPN baseball analyst Ben McDonald on how he sees the college and professional baseball scene shaking out. SBJ’s Adam Stern shares his thoughts on the upcoming Canelo-Mungia bout on Prime Video and DAZN.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. 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/1999/05/17/Franchises/STUDY-BY-SMG-SHOWS-THAT-PENGUINS-LEASE-AT-ARENA-IS-FAIR.aspx

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

https://www.sportsbusinessjournal.com/Daily/Issues/1999/05/17/Franchises/STUDY-BY-SMG-SHOWS-THAT-PENGUINS-LEASE-AT-ARENA-IS-FAIR.aspx

CLOSE