LATEST STORIES FROM SPORTSBIZ
Myron Rolle: NFL Delayed for a Rhodes Scholarship
There is a must read story in the New York Times today catching up with former Florida State defensive back Myron Rolle, who put the NFL on hold to accept a Rhodes Scholarship and a year at Oxford. All too often we hear coaches, athletic directors and university presidents...
Goodell Says London May Get NFL Franchise
The NFL is holding its annual regular season game at London's Wembley Stadium Sunday. This year features the New England Patriots playing the Tampa Bay Bucs, who are owned by the Glazer family, owners of the English Premier League and European Champion League's defending...
A New Civil Rights Movement for the MIddle Class
This is a non-political blog and while I have strong political views and am very active in politics, I have not used this blog to discuss those views or issues, save the joy I felt, and still feel, with the election of President Obama. However, I am breaking that stance for a...
Dodgers Owner Fires Wife as CEO
Los Angeles Dodgers fans better enjoy the memory of this year's run to the NLCS. It may be the last time the team gets there for a while if what has happened to other team's whose owners went through bitter divorces are any indication. Dodgers' owners Frank...
Bankruptcy Judge Approves January Auction of Pimlico
Coninuing our legal theme of the day, we turn now to bankruptcy court and for a change our venue is not the Valley of the Sun, but the land of the Black-eyed Susans. The federal Bankruptcy Court judge overseeing the bankruptcy of Magna Entertainment approved a proposal...
Kentucky and Billy Clyde Settle for Almost $3 Million
When Kentucky hired Billy Clyde Gillispie to be the head basketball coach, no contract was signed. Instead, the two sides agreed on a memorandum of terms with a detailed contract to be worked out later. Well, two years later Kentucky decided to fire Billy Clyde and the...
Limbaugh Dropped from Rams Bidding Group
Dave Checketts announced tonight that Rush has been dropped from the group bidding for control of St. Louis Rams since "it has become clear that his involvement in our group has become a complication and a distraction to our intentions; endangering our bid to keep the team in...
A Look at the New Jersey Nets Financials
Forest City Enterprises, the majority owner of the New Jersey/Brooklyn Nets is a public company, with its stock traded on the New York Stock Exchange (FCE.A). As a result, its recent 10-K/A filed with the SEC last week in connection with the sale of the Nets to Russian oligarch Mikhail...
South Florida Superpass
In what is probably a first in the annals of professional sports marketing, South Florida pro teams and sports attractions teamed up to present fans with a ten event package ticket. For $330 or $1,125 depending on seating, a fan will get tickets to see all four pro teams (2010 games...
Rush Wants the Rams
It would be rapture for Dittoheads everywhere - their very own NFL team to salivate over. Rush Limbaugh, the unctuous radio talk show has expressed an interest in buying, in partnership with St. Louis Blues owner Dave Checketts, an interest in the St. Louis Rams. Whether that interest...
Sports and Business Law Conference
On October 23, 2009, the National Sports Law Institute will be holding a conference titled The Evolution of Sports Law and Business From the 20th to the 21st Century at the Alumni Memorial Union, on the Marquette University campus in downtown Milwaukee, Wisconsin. The conference will...
Rio Gets 2016 Olympics; EvenObama Can't Deliver Chicago
The 2016 Olympics are heading south for the first time. On the third ballot, the games were awarded to Rio de Janeiro, marking the first time that the Summer Olympics will be held in South America. While Rio had always been considered to be one of the favorites, the sentiment towards...
Customizing Basketball Letters of Intent Now Banned
As the carnival of coaching changes in college basketball each spring has spun ever more rapidly, it has become increasingly common for top recruits to ask for, and for colleges to agree to, addendums to the letters of intent committing those recruits to attend that school. The addendums...
Tiger Woods - Billionaire
By his standards, this year has not been one of Tiger Wood's most successful seasons. Oh sure, he won six tournaments, is the likely player of the year, won over $10 million in prize money and last, but most certainly not least, won the Fed Ex Cup Championship with its $10 million...
Coyotes Judge Rejects Both Claims; NHL Winner
The US Bankruptcy Court judge overseeing the bankruptcy of the Phoenix Coyotes rejected both bids to purchase the franchise but invited the NHL to revise its bid to meet his objections. He essentially ended any efforts by Jim Balsillie to purchase the team and move it to Hamilton,...
Vick Resigns Endorsement Deal Withi NIke
Michael Vick played in his NFL game in over two years last weekend and this week another step in resuming his career and restoring his standing in the sport fell into place. Yesterday, his agent announced that Vick has re-signed an endorsement deal with Nike. Vick had a deal with Nike...
2016 Olympics Winner's Stock Market May Get Boost
Seemingly counter-intuitive, at least to me, a study reported by Bloomberg claims that in the five days following the award of the hosting of an Olympics the stock market of the new host gains an average of 2%. I say counter-intuitive because with the exception of the recent games...
Great Recession Hits Horse Sales
The Keeneland September Yearling Sale is the largest and usually most expensive sale of thoroughbred yearlings in the world. It recently concluded its annual 14 day run while posting the largest declines in its history, as the full weight of the global economic crisis and the difficulties...
Why Rent Your Stadium Seat When You Can Own It?
The introduction of personal seat licenses about 20 years ago revolutionized the financing of stadium and arena construction around the country. By asking fans to pony up a lump sum merely for the right to buy tickets, team owners and colleges and universities created a revenue stream...
NFL Study Finds LInk to Dementia
The defending Heisman Trophy winner, heart and soul of the number one college football team in the country and the man crush of half the state of Florida, Tim Tebow, suffered a concussion in Florida's destruction of Kentucky last Saturday. Tebow's injury was significant enough...
Yankee (or Gotham Redux) Bowl Slated for 2010
The Big East, Big XII and the New York Yankees will announce tomorrow the creation of a new bowl game to be played in new Yankee Stadium. The game will pit the fourth place finisher from the Big East against the seventh place finisher from the Big XII, with the inaugural game taking...
Tuesday Tidbits and More
Sorry for the absence of posts the last several days. I've had family in town and with Yom Kippur, I've been away from my computer, so I'll try to catch up by throwing up a few links I had been collecting without too much commentary. There may be another post or two today...
Coyotes Will Stay in Phoenix For Upcoming Season
While Coyotes' fans, Jim Balsillie and the NHL await a bankruptcy judge's ruling on who will be the next owner of the team, Balsillie, who intends to move the club to Hamilton, Ontario if he is the winner, committed to keep the team in Phoenix for the upcoming season. The NHL...
Thoroughbred Yearling Sale Prices Fall for Third Year
It's the perfect storm of financial disaster for the thoroughbred breeding business. In 2007, when the current crop of yearlings which are now going through the sales ring were conceived, stud fees were at their recent peak. As those yearlings now come to market, breeders are faced...
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