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John Lombardo

Staff writer John Lombardo covers basketball and the Arena Football League.

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PGA Of America, Chase Formally Announce Sponsorship Agreement

Published in SportsBusiness Daily on 05 / 20 / 15

The PGA of America and Chase today formally announced their official partnership deal . The two-year deal makes Chase Sapphire Preferred the official credit card of the PGA of America and includes Chase Bank as the official retail bank of the association. The deal also calls for Chase to offer its ...

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SportsBusiness Journal: Bears' stadium deal nears

Bankers for the Chicago Bears were set to close at press time on the financing for the team's $600 million overhaul of Soldier Field, a deal that was on shaky ground after the Sept. 11 terrorist attacks. Bankers for the Bears said they expected to complete the team's financing on Oct. 12. ...

Tags: Marketing and Sponsorship

SportsBusiness Journal: Local ownership eyed for WNBA

The NBA is working to overhaul the entire ownership structure of the WNBA by calling on owners to take a direct equity stake in their WNBA teams. NBA officials said the plan would create a financial incentive to operate the women's franchises more profitably than under the current centralize ...

Tags: This Week's Issue

SportsBusiness Journal: LiquidSeats, Clippers reach deal

LiquidSeats Inc. signed a deal with the Los Angeles Clippers and is poised to ink another with the Seattle SuperSonics that will allow fans to resell game tickets through the teams' Web sites. When the NBA season begins later this month, the Clippers and Sonics will be the first two NBA fr ...

Tags: This Week's Issue

SportsBusiness Journal: Celtics' revenue climbs

Total revenue for the Boston Celtics jumped last season to $83 million, despite a $3.6 million drop in ticket revenue for the team, which finished 20 games out of first place in the NBA's Atlantic Division and failed to make the playoffs. The Celtics' poor performance on the floor hurt the t ...

Tags: Finance

SportsBusiness Journal: Huizenga opts not to buy into AFL

After agreeing in principle to buy the Arena Football League's Florida Bobcats, Miami Dolphins owner Wayne Huizenga has passed on buying into the indoor league. Huizenga announced last month that he was intending to buy the Bobcats for an undisclosed sum in a partnership that included Dolphi ...

Tags: This Week's Issue

SportsBusiness Journal: MJ's boost to Wiz value put at $30M

Sports finance experts estimate that Michael Jordan's return to the NBA could boost the value of the Washington Wizards by $30 million. Analysts at Legg Mason's sports and entertainment banking group put the value of the Wizards franchise at about $200 million. With Jordan expected to drive ...

Tags: This Week's Issue

SportsBusiness Journal: Little love for Bugs at U of L

Don't expect the University of Louisville to roll out the Cardinal-red carpet should the Charlotte Hornets leave town for greener pastures in Kentucky. Louisville business leaders met with Hornets owners George Shinn and Ray Wooldridge last week about the possibility of moving the team to L ...

Tags: This Week's Issue

SportsBusiness Journal: Events rethink insurance

While most leagues and teams were able to reschedule games to lessen financial impact from the terrorist attacks that brought the sports world to a temporary halt, the tragedy is causing some organizers to rethink whether to insure against the unexpected cancellation of events. The PGA Tou ...

Tags: This Week's Issue

SportsBusiness Journal: Clippers flaunt their stars

The Los Angeles Clippers have traditionally lacked enough star power to sell tickets, but this year the team believes it can boost attendance by pushing a marketing campaign built around its nucleus of young players. In fact, the team is so confident of the drawing power of its budding stars ...

Tags: This Week's Issue

SportsBusiness Journal: Insurance not easy for sports

H ere's how a Major League Baseball general manager decides whether to sign a high-priced free agent: First, the team negotiates with the player's agent and makes certain that the player is healthy. Then, the GM generally turns to the person who i ...

Tags: Special Report

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