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Finance Notes: City Football Group Injects $16M Into Goals Soccer Centre

cash injection from the owners of Man City is "set to instill extra pace" into Goals Soccer Centre's U.S. business as it "suffered" slower U.K. sales growth than it had "hoped for." City Football Group put $16M into a joint venture that five-a-side football company Goals will use for its two existing U.S. sites. Goals CEO Mark Jones said that the pair would "aim to open at least two sites a year for the next five years with the focus initially on expanding its presence in California but then looking to Texas and Florida" (London TELEGRAPH, 9/12).

South Korean organizers of the FIFA U20 World Cup said Tuesday that they made nearly 6B won ($5.2M) in profit from this year's tournament. The local organizing committee for the 2017 U20 World Cup, led by Korea FA President Chung Mong-gyu, said that it generated 24.9B won ($22M) in revenue and spent 19B won ($16.8M). The organizers added that once the Ministry of Culture, Sports & Tourism approves their plan, they will work with the KFA and the government to start the construction of a new football center (YONHAP, 9/12).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

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