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SBD/Issue 198/Leagues & Governing Bodies
Published July 12, 2006
GUILDED SWORD: SPORTSBUSINESS JOURNAL’s Liz Mullen reports Dwight Manley, the new national manager of the Jockeys’ Guild, “has agreed in principle to an unusual employment contract in which he will be paid a percentage of new revenue he brings into the organization, but will split those fees 50-50 with [Senior Advisor] Jesse Jackson.” Manley will receive 5% of new on-track revenue and 15% of any off-track revenue “that he brings into the guild.” The current baseline for on-track revenue is $2.2M a year. While off-track revenue includes advertising and licensing money, the guild currently “has no licensing money coming in” (SPORTSBUSINESS JOURNAL, 7/10 issue).
RING TONE: Saturday’s UFC rematch between Tito Ortiz and Ken Shamrock at the Mandalay Bay in Las Vegas “was expected to tally more than half a million [PPV] buys.” Tickets to the fight sold out, with ringside seats “fetching $750.” About 12,400 people attended and “tickets generated a $3.5[M] gate” (AP, 7/11).