Sources: NBA Readying For Cap Increases Ted Leonsis Backs Adam Silver On Sports Betting Vegas NHL Ticket Drive To Top 11,000 NFL Takes Stake In Europe-Based Sportradar Greg Norman Bullish On Golf's Future NBA To Test For HGH In '15-16 League Notes WME/IMG Gets Majority Interest In PBR League Notes Number Of African-American MLBers Up Slightly
Upcoming Conferences and Events
SBD/September 30, 2013/Leagues and Governing Bodies
Grand Prix Of America's Fate Still Up In the Air Despite Inclusion On '14 F1 Calendar
Published September 30, 2013
SWEET DEAL: In London, Kevin Eason noted Ecclestone reportedly has "promised a small fortune in payments" worth $200M (all figures U.S.) through '20 over the eight years of the Concorde Agreement between the FIA and F1 that was approved on Friday. The agreement also reportedly includes "a cash sweetener worth more than" $4.85M "simply to sign the deal." In addition, there is an offer of a 1% stake "in the F1 business, if and when it is floated on the Singapore Stock Exchange." That "could be worth" $70M to the FIA (LONDON TIMES, 9/28).