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Glendale Must Make Payment To Coyotes Despite Terminating Lease

Published in SportsBusiness Daily on 06 / 29 / 15

The City of Glendale will make a "big payment" to the Coyotes following a pretrial conference today in Phoenix. A judge said the city must make its July 1 payment of $3.75M, and also increased the Coyotes' bond to $1M. After Glendale's "early termination of the lease agreement for the...

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Boston 2024 Releases Bid 2.0 Claiming Conservative Budgeting, Ove ...

In a high-stakes media event today, Boston 2024 strived to allay concerns that taxpayers will be exposed to outsized risk for cost overruns if the city successfully bids to host the '24 Games. During the release of the anticipated “Version 2.0” of the bid, Boston 2024 Chair Steve Pagliuc ...

Tags: Olympics, USOC

U.S.-China Draws 5.7 Million Viewers To Fox

Fox drew its best soccer audience ever for the U.S.-China FIFA Women’s World Cup quarterfinal on Friday night, averaging 5.7 million viewers for the match. The audience also marks the third-most-viewed women’s soccer match all-time in the U.S., behind only the U.S.-China WWC final in &rs ...

Tags: Media, Fox

Discovery Lands European Oly Rights Through '24

In a stunning development, Discovery Communications has landed Europe’s Olympic media rights through ‘24 for $1.48B (€1.3B). U.S.-based Discovery now controls all European media rights -- broadcast, pay-TV, digital and mobile -- to four Olympic Games in 50 European countries and ter ...

Tags: Media, IOC

Red Wings Form "Deconstructed Arena" Concept

To "kick-start an ambitious redevelopment" of downtown Detroit, project officials for the Red Wings' new arena and mixed-use space "have formed the concept of a 'deconstructed arena,' and provided a detailed preview" of the $450M facility, according to Don Muret of SPORTSBUSINESS JOURNAL. The design ...

Tags: Facilities, NHL, Detroit Red Wings

Hyundai Signs Four-Year Deal As NFL Auto Sponsor

Hyundai has signed a four-year deal to become the official auto sponsor of the NFL, allowing the automaker to "use NFL trademarks and have access to major events," according to Kim & Soshnick of BLOOMBERG NEWS. Hyundai replaces GM, which ended its deal with the NFL "this past season after holdin ...

Tags: Marketing and Sponsorship, Hyundai, NFL

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The Warriors compiled some highlights from their NBA Championship parade and celebration in this video.

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PBR COO Sean Gleason Promoted To CEO

Just a month after completing its sale to WME-IMG, the PBR is experiencing a shuffle among its top leadership execs. Effective today, longtime COO SEAN GLEASON has been promoted to CEO, taking over the position from JIM HAWORTH , who will remain with the organization as Chair. PBR Chief Global Ev ...

Tags: PBR, People and Pop Culture

Boston 2024 Can't Find Home For Velodrome

Boston 2024 officials have "roamed the state putting together" their new bid plan , but there is "one venue that no one seems to be vying for: the velodrome, a physically huge and enormously expensive indoor bicycling track that hosts one of America’s least popular Olympic sports," according ...

Tags: Olympics

IndyCar's Future At Fontana In Doubt

The Verizon IndyCar Series MavTV 500 could have been the series' "last stand at Auto Club Speedway," because Saturday's "great show was witnessed by an embarrassingly small crowd, maybe 10,000 and change in the 68,000-seat grandstand and a little more than a handful of RVs in the infield campground, ...

Tags: IndyCar, International Speedway Corp., Events and Attractions

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