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L.A. Committee Makes Big Changes To Proposed Olympic Venues for '24

Published in SportsBusiness Daily on 07 / 29 / 16

Olympic swimming in L.A. would take place at a temporary facility on USC's campus LA 2024 has made a big change to its proposed venue plan in its bid for the Olympics. The temporary swimming an...

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Minor Leagues Become Profitable

Minor League Baseball, "which used to be a money-loser, is now a profitable business," according to Rick Westhead of BLOOMBERG NEWS. While MLB said that its 30 franchises "lost a collective" $519M in

Tags: ABC, Baseball, Leagues and Governing Bodies, MLB, Walt Disney

Grizzlies To Borrow $90M

The Grizzlies are borrowing $90M as "part of an effort to carry them through he next two years until a new arena is completed," according to Daniel Kaplan of the SPORTSBUSINESS JOURNAL. In addition to

Tags: Basketball, Cablevision, FedEx, Franchises, Los Angeles Lakers, Memphis Grizzlies, NBA, New York Knicks

Pepsi Inks CBS/NCAA Deal

PepsiCo has "reached a three-year agreement with CBS Sports and Host Communications for an NCAA Corporate Champion package worth roughly" $25M a year, according to sources cited by Jennifer Lee of the

Tags: CBS, Colleges, NCAA, PepsiCo, Viacom

Magic's Decision Not To Sell

SMI Chair Bruton Smith — who previously expressed an interest in purchasing the Magic and relocating the team to Charlotte — implied that NBA Commissioner David Stern urged Magic Owner Rich

Tags: Basketball, Franchises, NBA, New Orleans Pelicans, Orlando Magic, Speedway Motorsports Inc., Turner Sports

Ad Museum To Exhibit Baseball Campaigns

The MILWAUKEE BUSINESS JOURNAL''s Pete Millard reported that the William F. Eisner Museum of Advertising & Design "will open an exhibit June 11 that looks at the best advertising and marketing campaig

Tags: Baseball, MLB

MATCH Series Cancelled

The DAILY RACING FORM''s Matt Heagarty reported the Mid-Atlantic Thoroughbred Championship Series (MATCH) "has been cancelled this year because of scheduling problems" in NJ and MD.  Thoroughbred Hors

Tags: Horse Racing

Blazers' Hutt To Focus On Cable

Trail Blazers Exec VP & COO HARRY HUTT was moved to oversee Action Sports Cable Network (ASCN) last October "in a change that Hutt''s critics read as a demotion and supporters call a vote of confidenc

Tags: Basketball, Portland Trail Blazers, People and Pop Culture, Vulcan Ventures

Franchise Notes

In St. Paul, Charley Walters reported, "It still appears Red McCombs is preparing to sell the Vikings and Best Buy founder Dick Schulze and [T''Wolves Owner] Glen Taylor remain the top local prospects

Tags: Arizona Cardinals, Basketball, ECHL, Football, Franchises, Hockey, Minnesota Timberwolves, Minnesota Vikings, Motorsports, NASCAR, New Orleans Pelicans

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Project Green Grass HBO teams with Affleck, Damon group to develop reality series on minor league baseball team. A Volvo Coup-e? Company estimates its $40-50M investment in Volvo Ocean Race over four

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