SBD/SBJ's Top Sports Business Stories Of The Year, Part Two
The SBD/SBJ editorial staff compiled the top sports business stories of '13, in no particular order. Today, we present five of them. See yesterday’s issue for five other top stories.
NHL Commissioner Gary Bettman has overseen
three lockouts over a two decade span
HITTING IT OUT OF THE PARK: When Guggenheim Baseball Management bought the Dodgers 19 months ago for a record $2.15B, the purchase price was premised significantly on striking a local TV rights deal that also would make history. But even the most aggressive of external expectations were blown away when the club announced a 25-year deal with Time Warner Cable worth an estimated $8B. The deal promises to shake up the market for sports media rights, cost structures in the cable TV business and revenue sharing within MLB.
O'Bannon first filed his lawsuit against the NCAA
AGENCIES IN THE SPOTLIGHT: AEG was put on the market in late ‘12, poised to be the biggest sports deal of the decade, but it will be remembered instead as the $9B blockbuster that never happened. Chair Phil Anschutz never got the price he wanted, pulled AEG off the market and parted ways with longtime CEO Tim Leiweke. Then just this week, William Morris Endeavor and Silver Lake Partners acquired IMG from Forstmann Little for an estimated $2.4B.
MLS HITS SOME BIG GOALS: MLS added its 20th and 21st franchises, both set to begin play in ‘15. The owners of the Yankees and EPL club Manchester City paid $100M -- MLS’ highest expansion fee in history -- and are looking at a potential stadium site adjacent to Yankee Stadium. Meanwhile, in Florida, Orlando City FC is building a downtown stadium after paying MLS $70M to join the league.