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John Lombardo

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

Featured Story

Sixers purchase esports franchises

Published in SportsBusiness Journal on 09 / 26 / 16

The Philadelphia 76ers and venture firm NextEquity have purchased a majority stake in leading esports franchises Team Dignitas and Team Apex, making the Sixers the first U.S. sports organization to control a professional gaming outfit. ...

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Tags: Franchises

More Stories by this Author

10/14/02
SportsBusiness Journal: WNBA invites outside buyers

The NBA approved a major restructuring of the WNBA that will allow outside investment in WNBA teams. The plan is a sharp departure from the WNBA single-entity ownership model that has been in place since the NBA rolled out the women's league in 1997. Under the single-entity model, WNBA t ...

Tags: Basketball, NBA, WNBA

10/14/02
SportsBusiness Journal: TV fees back NBA's $1B loan pool

The NBA will back its new billion-dollar credit pool from the J.P. Morgan Chase sports group with revenue derived mostly from television. Stern The deal demonstrates the NBA's financial muscle based on labor peace and future t ...

Tags: Basketball, Boston Celtics, MLB, NBA, NFL, NHL, Phoenix Suns

10/07/02
SportsBusiness Journal: NBA expansion fee now higher?

Bidders who want to bring the NBA back to Charlotte may have to dig deeper into their pockets after the recent $360 million sale of the Boston Celtics set a new record for NBA franchise prices. "If you're David Stern, you're delighted, and [the Celtics' sale price] makes everybody else in ...

Tags: Basketball, Boston Celtics, NBA, New Orleans Pelicans, Phoenix Suns, Sacramento Kings

10/07/02
SportsBusiness Journal: WNBA, Charlotte on NBA docket

Discussion of a proposed plan to restructure the 16-team WNBA is expected to highlight this week's NBA board of governors meeting, which also likely will feature talk of the league returning to Charlotte. The NBA doesn't make public the agenda of its board of governors meetings, but source ...

Tags: Basketball, NBA, WNBA

10/07/02
SportsBusiness Journal: New Celts group has backing

Paul Gaston (left) shakes hands with partners of the new Celtics owners group, Wycliffe Grousbeck (center) and Steve Pagliuca, at a news conference. The new owners of the Boston Celtics have the financial muscle to pay a record $360 milli ...

Tags: Basketball, Boston Celtics, NBA, San Francisco Giants

09/30/02
SportsBusiness Journal: Wizards double price of seats

The Washington Wizards, trying to leverage the anticipated return of Michael Jordan, more than doubled the price of their most expensive tickets while adding new top-priced luxury suites in the MCI Center. Last season, courtside seats at the MCI Center were $325, but this seaso ...

Tags: Basketball, Washington Wizards

09/30/02
SportsBusiness Journal: AFL loses Toronto, adds Denver

The Arena Football League has long talked of international expansion, but its first foray into a foreign market didn't go so well: The Toronto Phantoms have folded after two seasons of play. Team officials notified the AFL last week that they would drop out of the league for financial re ...

Tags: Football

09/23/02
SportsBusiness Journal: Claims cut into company profits

An increase in disability claims, especially one the size of Albert Belle's, means one sure thing for insurers: an increase in the industry's loss ratio. The loss ratio, which measures the dollar amount paid out in claims compared to the total premium dollars coming in, is a key element of a ...

Tags: Baltimore Orioles, Texas Rangers

09/23/02
SportsBusiness Journal: NBA preseason returns overseas

The NBA will again forgo a slate of preseason games in Europe this year but already is planning games in Asia and Europe prior to the 2003-04 season, league officials said. Last season, the NBA canceled preseason games scheduled in Europe and Japan after the Sept. 11 terrorist attacks. Thi ...

Tags: Boxing, Miami Heat, Minnesota Timberwolves, NBA

09/23/02
SportsBusiness Journal: 2003 NBA in Charlotte unlikely

After a series of private meetings between NBA officials and Charlotte city leaders, one thing is becoming clear: If the NBA returns to Charlotte, it likely won't be before 2004. Both sides began meeting about a month ago, and a source close to the discussions said that while the city want ...

Tags: Basketball, Boston Celtics, Miami Heat, NBA, New Orleans Pelicans

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