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Adidas CEO Expects Operating Margin In China To Shrink, U.S. Margin To Grow

Published in SportsBusiness Daily Global on 04 / 21 / 17

New adidas CEO Kasper Rørsted said that the company "expects its huge operating margin in China to shrink slightly in the long term, while its small U.S. margin grows markedly in the near term," according to Adam Jourdan of REUTERS. Rørsted, on his first visit to China since takin...

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Tags: Finance, China, North America

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Turner Wins U.S. Rights To CL

In a move that has "shocked U.S. media companies," Turner Sports picked up the U.S. English-language media rights to the UEFA Champions League starting in fall '18, per multiple sources, according to John Ourand of SPORTSBUSINESS JOURNAL. Turner, which has not carried football programming "of ...

Tags: Media, North America

MLB Wants Team In Mexico

MLB Int'l VP Dominick Balsamo addressed the league's plans for Mexico after opening an office in the country, according to Miguel Boada Nájera of LA AFICIÓN. He said, "We are very excited about the opening of this office, as Mexico is one of our most important markets. I can say that, ...

Tags: Leagues and Governing Bodies, North America

Manchester Clubs Could Clash In U.S.

There is "the growing possibility of a first Manchester derby overseas this summer," according to Jack Gaughan of the London DAILY MAIL. Both club managers are taking their squads to America on preseason tours and "will be involved" in the Int'l Champions Cup. Formal talks have reportedly taken ...

Tags: Events and Attractions, United Kingdom, North America

NFL Mexico City Generated $45M

The NFL announced that the Texans-Raiders game in Mexico City last November generated an increase of $45M in the city's gross revenue. A league-commissioned study by the sports industry group of Ernst & Young used a range of sources, including the NFL's post-event surveys of fans who a ...

Tags: Finance, North America

Grupo Multimedios Acquires 50% Stake

Media company Grupo Multimedios signed a deal to acquire 50% of Mexican Baseball League (LMB) club Sultanes de Monterrey, according to LA AFICIÓN. The agreement was reached on Friday and Grupo Multimedios said that the purpose "is to drive the consolidation and reach of the king of sport ...

Tags: Franchises, North America

Pro12 Considers American Expansion

The Pro12 has been "working quietly to expand its reach all the way across the Atlantic Ocean and into the Americas," according to Iain Morrison of the SCOTSMAN. Plans have been "drawn up" to include one U.S. franchise and another in Canada in a "new league dubbed the Guinness Atlantic Rugby Champio ...

Tags: Leagues and Governing Bodies, North America, United Kingdom

Former MLB Player Acquires Tigres

After "much uncertainty, rumors and threats that the team had folded," Mexican baseball club Tigres de Quintana Roo "has been sold, will continue playing in Cancún and will keep its name and history," according to LA AFICIÓN. The team, which was founded in '55, "has new owners, a ...

Tags: Franchises, North America

CONCACAF To Discuss Joint WC Bid

CONCACAF will discuss a possible joint bid for the 2026 World Cup, according to Simon Evans of REUTERS. President Victor Montagliani said on Thursday that a "planned wall along the U.S.-Mexico border would not present an obstacle to co-hosting the event." Montagliani said that CONCACAF would "e ...

Tags: International Football, North America

FIFA To Encourage Co-Hosting In '26

FIFA President Gianni Infantino said that the 2026 World Cup "could be split between up to four countries," according to Tom Finn of REUTERS. He announced that FIFA would "encourage applications to co-host the tournament." Infantino: "(We could) ... maybe bring together two, three, four countries wh ...

Tags: International Football, North America

Xcaret Denies Interest In Baseball Club

Travel agency Experiencias Xcaret "denied acquiring shares" in Mexican baseball club Tigres de Quintana Roo, which is leaving the Mexican Baseball League (LMB), according to LA AFICIÓN. After "reports indicated that the business wanted to buy the club," Xcaret responded by "denying any ...

Tags: Franchises, North America

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