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Horrow's Corner

Profiles in Sport Leadership

Sports Business Weekly


 
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Bust, Boom, and Hope: May 21, 2012

**Several ACC schools reportedly are unhappy with the conference’s new 15-year, $3.6 billion TV deal with ESPN. **The NHL BOG approved the sale of the St. Louis Blues to a group of investors led by minority owner Tom Stillman. **NHL playoff TV ratings could reach record highs if the league gets a cross-country Stanley Cup Final. [MORE]

NFL Stadiums and The LA Factor

The St. Louis Convention and Visitors Commission and the NFL Rams are more than $575 million apart in their plans to renovate the Edward Jones Dome. The CVC proposed a $124 million project with the public subsidy capped at $60 million. On the other hand, the Rams want a $700 million renovation. [MORE]

French Open Purse

Tennis players participating in the 111th French Open can expect to take home more money this year after Roland Garros organizers announced an increase in the tournament’s purse. [MORE]

Prince Files for Bankruptcy

Tennis racket maker Prince Sports recently filed for bankruptcy, citing increased competition and the economic downturn as reasons for its nearly $80 million in liabilities. [MORE]

Financial Sponsors and the Olympics

Arguably the most active category marketing around the London Olympics is the financial services sector. Four financial firms have signed on as sponsors of the U.S. Olympic Committee. [MORE]

Bust, Boom, and Hope: May 14, 2012

**The annual college basketball game between Indiana and Kentucky, which dates back to 1969, is over for the foreseeable future because the two schools couldn’t agree on where to play games. **This year’s Kentucky Derby set new betting and attendance records at Churchill Downs. **The Washington Nationals’ “Take Back the Park” ticket campaign led to the team selling more than 100,000 tickets to last weekend’s matchup against the Philadelphia Phillies. [MORE]

History of Olympics Sponsorships

A lot can change over 116 years. In this case, it’s the history of Olympic sponsorship revenue. Funding the Olympics has evolved dramatically from the first modern Games in Athens in 1896 through London this summer. [MORE]

The Players Championship – Quantitatively Golf's Fifth Major?

If you’re following the money, The Players actually should be the first major, not the de facto fifth. The tournament has a $9.5 million purse and gives more than $1.7 million to its champion. By comparison, the Masters and PGA Championship purses are $8 million, the U.S. Open distributes $7.5 million, and the British Open hands out roughly $7.3 million. [MORE]

Bust, Boom, and Hope: May 7, 2012

**Plans to build a new basketball arena in downtown Sacramento appear dead after Mayor Kevin Johnson said differences between the Kings and the city are irreconcilable. **Former Los Angeles Dodgers owner Peter O’Malley is making an aggressive push to buy the San Diego Padres, and he wants to close the deal by the All-Star break. **If the current BCS bowl games are incorporated into a playoff, the location of the semifinal games could be determined based on conference affiliation. [MORE]

The NFL's Headache

In business, it’s commonly said that people are your most valuable asset. The unfortunate and untimely death of retired football star Junior Seau has reignited concerns that the NFL needs to do more to protect its people, the players. [MORE]
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