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John Lombardo
Staff writer John Lombardo covers basketball and the Arena Football League.
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Hawks hire investment bank to sell equity06 / 10 / 13The Atlanta Hawks have hired investment bank Inner Circle Sports to try to raise tens of millions of dollars from new limited partners to pay for projects that could include a new practice facility, scoreboards at Philips Arena and a branding campaign, sources said. ... Tags: Franchises |
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Scouting Kings' bidders
The NBA is closing in on selecting one of two groups that are bidding for the Sacramento Kings. On Thursday and Friday, the league’s owners will meet in New York for further discussion on the matter, and while a vote on the future of the franchise isn’t likely then, a decision on the Kin ...
Tags: Franchises
The NBA's ticketing tactics
With the Miami Heat in Chicago to face the Bulls on a Thursday night in February, a fan who needed a ticket would have found only a smattering of seats available, all of them scattered singles, on the team website. A click away, on StubHub, tickets were moving briskly, albeit expensively, as they us ...
NBA eyes Kings financing plans
With the NBA considering two competing bids for the Sacramento Kings, league scrutiny is falling on the financing differences between the investor groups, one of which wants to keep the team in its current home, the other wishing to relocate the franchise to Seattle. The Sacramento group, which i ...
Tags: Franchises
Chicago Bulls: Engage the fan
The Chicago Bulls perennially lead the NBA in attendance, leaving Bulls.com and the team’s other digital assets to extend the franchise’s brand far outside the United Center. “It is about fan engagement and brand extension,” said Susan Goodenow, vice president of branding ...
Tags: In-Depth, World Congress of Sports
Wolves peg price increase to performance
The Minnesota Timberwolves have joined the ranks of NBA franchises that are offering season-ticket packages with year-round benefits. The plan carries a pricing-related twist that makes it unique among other teams’ programs, and it aims to entice the Wolves’ fan base after an unexpect ...
Tags: Franchises
Cavs selling sponsorships for casinos
The Cleveland Cavaliers have started selling sponsorships for team owner Dan Gilbert’s Rock Gaming corporation, creating an interesting new revenue stream for the NBA franchise. Under the direction of Brad Sims, Cavs senior vice president and chief revenue officer, the team is leading the e ...
Tags: Franchises
New training event targets rising execs
Editor’s note: This story is revised from the print edition. Three industry veterans are teaming for a sports executive development program, looking to groom a new wave of sales leaders who can maximize sponsorship deals for their tea ...
Heat’s new three-year plans popular
High demand for the Miami Heat has allowed the franchise to lock up more than half of its season-ticket base for the next three years, the result of a multiyear renewal option the club began for its fans earlier this season. It’s a strategy that’s rarely employed in the NBA. No other ...
Tags: Franchises
Comeback for Hornets?
The Charlotte Bobcats this month will be increasing their talks and consideration of whether to change their name and bring the Hornets brand back to the city. It’s arguably the franchise’s biggest business decision in Michael Jordan’s three years of ownership. ...
Tags: Franchises
Jerry Buss: 1933-2013
L egendary Los Angeles Lakers owner Jerry Buss won 10 NBA championships, appeared in 16 NBA Finals and brought to the league the glittery mix of basketball and Hollywood that came to define his 34-year ownership of the gilded franchise. But Buss, who died last Monday at the age of 80, contributed t ...
Tags: People and Pop Culture
