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Construction changes face of tennis center’s tax return

Published in SportsBusiness Journal on 11 / 28 / 16

At the USTA Billie Jean King National Tennis Center, Louis Armstrong Stadium has been leveled in preparation for the construction of its replacement. Photo by: COURTESY OF USTA The U....

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Tags: Leagues and Governing Bodies

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08/01/16
IndyCar searching for third manufacturer

IndyCar has redoubled its efforts to land a third auto manufacturer over the last year, pitching at least six companies about joining the series, according to CEO Mark Miles. Among those pitched during the last year are Ford, Toyota and Fiat-Chrysler brand Alfa Romeo, sources said. The sanctio ...

Tags: Leagues and Governing Bodies

08/01/16
African league adding teams in year two

The inaugural season averaged 3,500 fans for regular-season games. Photo by: AFRICAN BASKETBALL LEAGUE (2) The African Basketball League will be ...

Tags: Leagues and Governing Bodies

07/25/16
‘Soft’ helmet to debut in NFL this fall

A new “soft” football helmet funded in part by the NFL has received a key certification and is in line to be worn on the field for games this season. The product marks another touch point in the continuing narrative for the NFL that ...

Tags: Leagues and Governing Bodies

07/25/16
Live NBA game streams to be available

After eight years of fits and starts, the NBA finally will offer local streaming leaguewide to authenticated customers. For the first time, every NBA team will offer live local streams of its games this season, as deals are close for all regional sports networks that carry NBA games. “We ...

Tags: Media

07/18/16
UFC president: ‘I’m not done’

After nearly a week of working through the night on what has been billed as the largest sports sale ever, WME-IMG co-CEO Ari Emanuel told one of his new business partners that he intended to be in Las Vegas to watch UFC 200 and then head off to Europe on vacation. ...

Tags: Leagues and Governing Bodies

07/18/16
UFC ownership borrows $1.8B for buyout

The incoming owners of the UFC plan to borrow $1.8 billion as part of their acquisition of the mixed martial arts company, finance sources said, making it one of the largest debt financings in sports. The only one believed larger is WME’s own $2.1 billion of borrowing to buy IMG in 2014. No ...

Tags: Leagues and Governing Bodies

07/18/16
WME-IMG on the move

Dixon Talent Represents Stephen Colbert, Carson Daly, Jimmy Kimmel, Bill Simmons and Jon Stewart ■ Acquired: January 2015 Global eSports Management A marketing and representation esports talent agency ■ Acquired: January 2015 Icon Sports Management A golf talent agen ...

Tags: Leagues and Governing Bodies

07/18/16
UFC: What insiders are saying

“Look at what Ari [Emanuel] does. I mean, Ari basically sells stars to Hollywood. He puts movies together. He does a lot of deals. … He understands MMA. His investment group and the partnership he brought in, I have to assume what this company is about to do is they are going to penetra ...

Tags: Leagues and Governing Bodies

07/18/16
Sale price validates, surprises some

The $4 billion price tag for the UFC surprised many people who have been working in the sport for years, but it brought something they have long been seeking: respect. “It shows the sport is not a fringe sport but a major sport in the global sports community, right?” said Audie Attar ...

Tags: Leagues and Governing Bodies

07/18/16
What drove UFC’s $4 billion deal

Unlocking the value of WME-IMG’s $4 billion acquisition of the UFC will hinge largely on the next round of media rights negotiations, where the UFC projects revenue to grow by nearly four times. Based on numbers the UFC supplied to potential buyers during its sale process, it says that medi ...

Tags: Leagues and Governing Bodies

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