LATEST STORIES FROM SPORTSBIZ
Nets New Owner to Be a Russian?
Now that the Nets owner Bruce Ratner has secured all the approvals necessary to build his proposed new Barclays Arena in Brooklyn, the final search for the needed $700 million to fund construction is underway. In addition, or as part and parcel of the arena funding depending on which...
How the Forbes 50 Live
If you have ever wondered how the Forbes top 50 (well, 51 to be exact) lived, the Wall Street Journal today gave us a picture of the lifestyle of at least one member. Chelsea FC owner Roman Abramovich is a Russian oligarch, that fast fading breed of natural resource plundering friends...
The CEO of the WWE Wants to Be Your US Senator
if you live in Connecticut, that is. Of course, the question is, wasn't one former WWE character in politics enough for this country? Apparently not, as Jesse Ventura's former boss, Linda McMahon, CEO of the WWE and the wife of WWE chairman and impressario Vince McMahon has...
Premier League and UEFA Propose New Spending Requirements
It seems to be soccer week here at SportsBiz and we're back in Europe today. Both the English Premier League and UEFA have proposed new financial rules in response to the flood of money that has been flowing into the game over the last few years. Let's look at the EPL first...
Liverpool Signs New Jersey Sposnor
Liverpool's search for a jersey sponsor to replace Carlsberg, its sponsor for the past 18 years is over. The club has signed a new five year deal with London based bank, Standard Chartered, for four years, for what is believed to be 80 million pounds a year, equal to the deal Manchester...
Coyotes Auction Tomorrow, Maybe...
The US Bankruptcy Court judge overseeing the bankruptcy case of the Phoenix Coyotes today held the first of what was expected to be two days of hearing in the auction of the club. Right now, there are only two bidders for the Coyotes: Blackberry co-founder Jim Balsillie who has made...
Nets Get Practice Jersey Sponsor
In the NBA's closest move yet towards adding sponsors name to jerseys, the New Jersey (Brooklyn?) Nets have signed an agreement with PNY Technologies to add the company's name to the Nets' practice jersey. The company was already a Nets sponsor, with in-arena signage, and...
10 Ways to Invest in New Beatlemania
Happy Labor Day! Hope you're having bright sunshine and few clouds as we enjoy the end of summer. It's thunderstorms here in the Bluegrass so I'm not tempted to go outside. You're the lucky beneficiaries of the storm since I'm cooped up in the house, you get a few...
Lingerie Football League Debuts
Last night marked the historic debut of the Lingerie Football League as the Miami Caliente came toChicago to take on the Chicago Bliss at the Sears Center Arena. The Bliss won 29-19. For a good write-up of the game, go here.There are currently 10 teams in the LFL. The league will be...
FIFA Gives Chelsea One Year Ban on Signing Players
Roman Abramovich's millions have transformed Chelsea into one of the major powers of European soccer. The only trophy that has eluded Chelsea in recent years has been the Champions League and they have continued to spend his millions in an effort to take that one home to Stamford...
A's to San Jose Brings $130 Million a Year to South Bay
A's owner Lew Wolf is a man in search of a home. Oakland draws the second fewest fans in the majors behind only the Florida Marlins and Wolf is convinced that baseball is no longer economically viable in Oakland. He tried to build a stadium in Fremont, but that fell through earlier...
Cowboys Top Most Valuable List Again
Once again, Forbes has released its list of the value of NFL franchises and once again the list is topped by the Dallas Cowboys. Jerry Jones' golden touch has seen the franchise increase by 2% to a whopping $1.65 Billion, yes with a "B", a value exceeded in the world...
Panthers Owner Fires His Sons
What a way to start a football season. Normally the days leading up to the final exhibition game are filled with stories about the team's final roster: who's going to make it, who may be cut, free agent signings, possible trades, even, as rare as those are in the NFL. However...
8 USL Clubs Threaten Breakaway League
Soccer in this country has had many obstacles to success. For one , the management of professional leagues before Major League Soccer has consistently chosen the wrong path and as a result, the leagues have imploded. So far, at least, MLS seems to have hit upon a financial structure...
NY Giants Chase Bankruptcy Claim Against Lehman
The Giants and Jets are privately funding the construction of the $1.6 billion New Giants Stadium (catchy name don't you think) now scheduled for opening in time for the kickoff of the 2010 season. To raise its $800 million portion, the Giants turned to the auction rate securities...
P&G Signs On as US Olympic Sponsor
Reversing a recession induced trend, the US Olympic Committee has landed a major new sponsor. Proctor & Gamble has signed on as a new sponsor and we will now see the USOC logo and the Olympic rings on 17 different P&G brands but especially on brands that appeal to women....
Do You Want to Sponsor a Golf Tour?
The LPGA is looking for a title or presenting sponsor for the entire 2010 tour, including a year-end championship tournament, which would include media inventory in the tour's new exclusive television deal with Golf Channel which begins next year. The year-end championship would...
Delaware Limited to NFL Parley
The federal appeals court that had earlier handed the NFL a victory in its battle with Delaware over gambling, clarified what would be permissible. It expressly allowed Delaware to run only a parley game consisting of at least three professional football games on a single card...
Is Formula One Racing a Sport?
One can argue about auto racing being a sport I suppose, although it seems fairly well settled, at least among the western industrialized world. In India, however, it has proved to be a different matter altogether. It seems that Formula One racing, the world's most popular form...
NHL Bids for Coyotes
The long and winding story of the Phoenix Coyotes just got more interesting. While the group led by White Sox and Bulls owner Jerry Reinsdorf dropped its bid for the 'Yotes, saying it couldn't reach a satisfactory agreement with the City of Glendale over a lease of Jobing,com...
Mazel Tov to the Greens; Onward and Upward in the Champions League
Maccabi Haifa took care of business today, defeating Red Bull Salzburg, the sister club to Red Bull New York, 3-0 at the National Stadium in Ramat Gan, Israel to advance to the group stage of the UEFA Champions League for only the second time in the club's history. By advancing...
Court Kills Delaware Single Game Bets
A federal appeals court ruling today most likely ended Delaware's foray into single game betting on college and professional sports. The appeals court, hearing an appeal filed by the NFL, found that the single game betting proposed by Delaware violated the Professional and Amateur Sports...
SITE INFORMATION
SportsBiz
Blog about the business and law of sports.. If it concerns money and sports, then this is the place to discuss it and when it comes to sports, you know it's all about the money.
Related Yards
Today's Best Stuff
For Bloggers
Company Info
Help
What is Yardbarker?
Join the Yardbarker Network (YBN) for more promotion, traffic, and money.
