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Tuesday 9:00am ET....Today's News....UA Stock Could Face Tough Day

  • Under Armour CFO Stepping Down As Q4 Revenue Declines
  • Adelson Family Withdraws From Las Vegas NFL Stadium Project
  • MLS Expansion Bids Due Today, With Up To 10 Cities In Contention
  • Minute Maid Park Hosts Glamorous Super Bowl Opening Night

Start your morning with Buzzcast, a 2-minute podcast on today's top stories.
Today: What does Adelson’s exit mean for Raiders deal? What markets to keep an eye on for MLS expansion? Oh, and our tips for packing for Houston.

Under Armour CFO Stepping Down As Q4 Revenue Declines

Under Armour this morning while reporting Q4 earnings said that CFO Chip Molloy would step down. The company reported "lower-than-expected quarterly sales, hurt by intense competition and slowing growth in North America." Net income fell to $104.9M in the period ending Dec. 31, down from $105.6M in Q4 '15. UA shares slumped about 20% to $23.25 before the bell today (REUTERS, 1/31). The stock is in "danger of suffering the biggest one-day percentage decline since it went public" in November '05 (MARKETWATCH.com, 1/31). Shares "have slid over 30% in the last year" (INVESTORS.com, 1/30). UA "footwear sales declined about -20% for Q4; Apparel declined -17%" (TWITTER.com, 1/31).

Adelson Family Withdraws From Las Vegas NFL Stadium Project

The family of Las Vegas Sands Chair & CEO Sheldon Adelson "has withdrawn as investors" in the Raiders' proposed 65,000-seat, $1.9B NFL stadium. Adelson in a statement said the family "will no longer be involved in any facet of the stadium discussion." Adelson added that he was "surprised by the Raiders’ submission of a proposed lease agreement to the Las Vegas Stadium Authority on Thursday, noting that it has 'sent shock waves through our community.'" The Raiders in their own statement said of the Adelsons, "This project could not have advanced to this point without them" (LAS VEGAS REVIEW-JOURNAL, 1/31).

MLS Expansion Bids Due Today, With 10 Or More Cities In Contention

MLS expansion bids are due today at 5:00pm ET, with at least 10 cities having been "invited to bid for up to four new teams." SMI President & CEO Marcus Smith confirmed that he "will move ahead" with a bid for a Charlotte team, even though the city council last week "declined to consider spending" $43.75M to help fund a stadium. SMI Chief Strategy Officer Mike Burch said that Smith "will ask the city for the original request" of $43.75M in the belief that council members "will ultimately vote for subsidizing the project" (CHARLOTTE OBSERVER, 1/31).

Detroit's bid "will be submitted today." Pistons Owner Tom Gores and Cavaliers Owner Dan Gilbert are planning for a 25,000-seat stadium downtown (DETROIT FREE PRESS, 1/31). USL Tampa Bay Rowdies Owner Bill Edwards has "turned in the required formal paperwork" already: a "bulky packet filled with more than 200 letters of support" (TAMPA BAY TIMES, 1/31). MLS Commissioner Don Garber yesterday on the "flight deck of the USS Midway Museum" accepted a San Deigo investor group's application (AP, 1/31). NASL Indy Eleven Owner Ersal Ozdemir "plans to personally hand in the paperwork" to MLS this afternoon (INDIANAPOLIS STAR, 1/31).

Minute Maid Park Hosts Glamorous Super Bowl Opening Night

More than 10,000 fans last night "packed Minute Maid Park" in Houston for Super Bowl Opening Night, and the ballpark "felt more like the venue for a glitzy, primetime awards show." The stage featured a "luxurious red curtain and four star-shaped chandeliers." Fans "poured into the stands to watch media swarm the carpeted main floor" (HOUSTON CHRONICLE, 1/31). There were "glitzy introductions, thumping music and hundreds of media members" from countries including Japan, Britain, Mexico and Australia (REUTERS, 1/31). But it was a "rather tame media night compared to the circus this event has been in the past" (AP, 1/30).

Falcons offensive coordinator Kyle Shanahan "lost his backpack while speaking with media members – a backpack containing his team's Super Bowl gameplan." S.F. Examiner columnist Art Spander had "picked up Shanahan’s backpack by mistake when he finished" interviewing the soon-to-be 49ers head coach. Spander "realized this only when he walked upstairs to the work room and was contacted by a colleague" (MYAJC.com, 1/31).

Phoenix Raceway Renovation Will Reduce Grandstand Seats To 45,000

Phoenix Int'l Raceway formally unveiled details of a planned $178M redevelopment of the 53-year-old track. Highlights of the project include new grandstands, a "Fan Zone inside what is currently Turn 1" and "relocating the start-finish line to the current Turn 3 area." The grandstands will feature 45,000 (down from the current 50,000) "stadium-style seats, each with Wi-Fi, starting in what is now Turn 1 and wrapping around until the dogleg." The "existing front-straight grandstands will be removed and motorcoach spaces sold in that area." Hillside seating "will still be available" (ARIZONA REPUBLIC, 1/31). Some details of the renovation were first reported in this week's SBJ.

N.J. Lawmakers Considering Bill To Regulate, Tax Daily Fantasy

New Jersey lawmakers are "considering regulating and taxing daily fantasy sports." A state Assembly committee yesterday advanced the bill, with lawmakers saying that the measure was "intended to protect the sites' users." Under the law, the state's Department of Law & Public Safety "would be able to issue permits to operators such as DraftKings and casinos." The state Senate in the spring advanced a bill to impose a 9.5% tax on gross revenues; the Assembly committee approved an "amended version of the Senate bill" boosting that rate to 10.5% (PHILLY.com, 1/30).

Betting On Super Bowl Expected To Rise 12% This Year To $4.7B

By Daniel Kaplan

Bets on Super Bowl LI will rise 12% this year to $4.7B, the American Gaming Association estimated this morning. Of that, less than $200M will be legal bets placed in Nevada, said AGA CEO Geoff Freeman. He ascribed the expected $500M jump from last year’s $4.2B estimate in part to the comfort level people now have with sports betting, as well as technology making it easier for people to wager. The Super Bowl is the second biggest U.S. sporting event for gamblers, topped only by the NCAA Tournament.

Speed Reads....

The Green Sports Alliance has added four ski resorts to its membership, the group will announce today. Seven Springs Mountain Resort, Hidden Valley Resort and Laurel Mountain Ski Resort in Pennsylvania, along with Timberline Lodge & Ski Area in Oregon, are the first members to represent the snow sports industry (Ben Fischer, Staff Writer).

The AHL BOG has "cleared the way" for the Devils to move their affiliate from Albany to Binghamton, N.Y., next season. Officials are "expected to confirm the deal" this afternoon (OTTAWA CITIZEN, 1/31).

The Cubs this week are kicking off a "Wrigley Field Seat Sale," with season-ticket holders getting "first crack" at the seats and the general public gaining access to any unsold seats Friday. The seats, sold online only, cost $799 or $899, plus $132.99 shipping (Chicago DAILY HERALD, 1/20).

Australian Open sponsor Rolex runs a full-page ad in the N.Y. Times congratulating Roger Federer for his latest men's singles victory and touting its Oyster Perpetual GMT-Master II watch (THE DAILY).

Quick Hits....

"It will be a gas. But I will have my eyes and ears a little more attentive to the big picture stuff" – ESPN's Chris Berman, on covering his final Super Bowl in his current role at the network (HOUSTON CHRONICLE, 1/31).

"There isn’t a day when I won’t believe that the league treated him unfairly. They made it up as they went along. We obviously fought as hard as we could" – NFLPA Exec Dir DeMaurice Smith, on the NFL's discipline of Patriots QB Tom Brady for his role in Deflategate (PROFOOTBALLTALK.com, 1/30).

“All in all, I don't know that this was a satisfactory decision for any party, frankly, except the Astros” – Yahoo Sports’ Jeff Passan, on the penalties handed to the Cardinals in their hacking scandal (“MLB Tonight,” MLB Network, 1/30).

Twitter Me This....

If you see a tweet we will not want to miss, send it to us at editorial@sportsbusinessdaily.com

Morning Hot Reads: Trust Your Instincts

In the first of a four-part series, the PHILADELPHIA INQUIRER looks at the Phillies' scouting operation in the Dominican Republic. Baseball's "endless fascination with analytics has no reach" in places like the Dominican Republic, where the "men on the ground must trust their bonds with the local scouts and buscones, or street agents."

SI's Seth Davis wrote he was "skeptical" when execs at the network told him about the plan for a "midseason bracket show on Feb. 11 in conjunction with the NCAA men's basketball selection committee." Ultimately, however, there is "no downside to generating a little chatter about college hoops six days after the Super Bowl." Davis goes on to offer a primer on the show.

Also

Today's Back Pages....

The Morning Buzz offers today's back page sports covers from some of North America's major metropolitan tabloids:

 N.Y. Post  N.Y. Daily News Newsday   Boston HeraldChicago Sun-Times

Spanning The Global....

The most-read Global stories today on SportsBusiness Daily:

1) Sky Claims Discovery Is Demanding $1.25B For U.K. Channel Portfolio
2) Global Sponsorship Spending To Total $62.8B In '17, IEG's Annual Study Predicts
3) Mayor Of Rome To Reject Proposal For New Stadio Della Roma
4) Team Sky Denies Using Motorized Bikes At 2015 Tour De France
5) Australian Open Men's Final Gives Seven Network Highest Ratings Since '06

Final Jeopardy!

Last night’s “Final Jeopardy!” category was “Names in American History.”

“He headed a British committee on prison reform, which gave him the idea for founding a colony in America in 1732.”

Laugh Track: Betting Man

Comedian Bill Burr appeared on TBS’ “Conan” last night and discussed athletes using PEDs, saying he does not “mind people using ‘roids.” Burr: “By time we're 80, they're going to have a steroid vaporizer that you can just inhale and you’re going to have abs and I’ll get a full head of hair. ... It's all going to be because of these athletes and the sacrifices that they make that no one appreciates.” Burr, who is from Massachusetts, also talked about rooting for the Patriots in the Super Bowl, “A bunch of people are going to put money on the Patriots, so if the line moves far enough, take the Falcons with the points. I think it's going to be a classic, and you should bet the under. Whatever everybody is saying walking around the casinos, like, ‘Dude, it’s going to be a shootout,’ always go the opposite way” (“Conan,” TBS, 1/30).

CBS’ Stephen Colbert noted President Trump “will be announcing his Supreme Court pick tomorrow at 8:00pm, live from the White House! It'll be the most exciting Supreme Court announcement since Justice Kagan burst through a banner at the Super Bowl halftime show” (“The Late Show,” CBS, 1/30).

Final Jeopardy....

“Who was James Oglethorpe?” Oglethorpe was the founder of the Georgia colony for debtors.