Bust, Boom, and Hope: July 30, 2013

By Rick Horrow and Karla Swatek

July 30, 2013

“Bust”: Top Five Reasons the Armageddon is Near

1. Madison Square Garden could be forced to relocate within the next decade to accommodate upgrades to Penn Station, which sits underneath the arena. The New York City Council voted 47-1 to renew MSG’s special operating permit for just 10 years, not in perpetuity as requested by the company.

2. The U.S. hasn’t been approached by FIFA about possibly hosting the 2014 or 2022 World Cups should security concerns in Brazil or weather concerns in Qatar necessitate a last-minute relocation. One FIFA executive is on record saying that awarding the World Cup to Qatar was a “blatant mistake.”

3. Hurt by bad weather and not having any living inductees, the Baseball Hall of Fame drew just 2,500 fans this weekend to its annual induction ceremony. Average attendance usually is between 10,000-15,000. It’s the first time since 1965 there hasn’t been a living inductee, primarily because of the fallout from the steroid era.

4. A federal judge has rejected the NFL’s motion preventing Commissioner Roger Goodell from being deposed in the Dallas Super Bowl ticket lawsuit. The affected ticket holders accuse the league of breach of contract for installing unsafe bleachers, which prevented them from having seats for the game.

5. West Virginia University’s travel costs increased $2 million last year, the school’s first as a member of the Big 12 Conference, according to Michael Smith of SportsBusiness Journal. When WVU was in the Big East, it routinely took buses to away games, but the nearest Big 12 school is 870 miles away.

“Boom”: Top Five Reasons that Prosperity is Right Around the Corner

1. The Chicago City Council unanimously approved the Cubs’ $500 million renovation plan. The renovations, some of which could be completed as early as next season, are being hailed as the biggest upgrades to Wrigley Field since 1988, when the stadium became the last in the majors to install lights.

2. MLS club D.C. United and city officials have reached a preliminary $300 million deal to build a 20,000-25,000 seat soccer-specific stadium in the Buzzard Point area of Southwest DC. The venue should be completed in time for the 2016 MLS season.

3. Rutgers University reached an 11-year, $65 million multimedia rights and sponsorship deal with IMG College. The deal includes a three-year school option that could bring the total value of the contract to $87 million. Rutgers moves to the Big Ten Conference next year.

4. The New York Giants and Quest Diagnostics have reached a multiyear naming rights sponsorship for the team’s practice facility near MetLife Stadium. Quest replaces Timex as the title sponsor for the facility. While terms of the deal weren’t disclosed, the Timex deal was worth $2.3 million per year.

5. Despite offseason moves that have remade the team’s roster, and not necessarily for the better in the short-term, Boston Celtics season ticket sales remain strong. 90% of the team’s 2012-13 season-ticket base have renewed for next year, which is above the league average.

“Hope”: Top Five Reasons That Creativity is the Key to Economic Survival

1. To give back to fans during a disappointing season, the Milwaukee Brewers announced that fans attending any August home game will receive a $10 voucher for free concessions at Miller Park. The promotion was announced amid star Ryan Braun’s suspension for the rest of the season.

2. The Dallas Cowboys this season are partnering with NBC to unveil a new 360-degree red zone view for TV audiences and fans attending games at AT&T Stadium. The camera angle will debut during the first Sunday Night Football game of the season, which coincidentally will be played in Dallas.

3. Several schools are debuting new uniforms during the upcoming college football WNBA players are interested in rotating the site of their annual All-Star Game, including to markets that don’t currently have WNBA teams. The game has been played at Mohegan Sun Arena in Connecticut in three of the last six years, but players have mentioned adding Las Vegas and Houston to any rotation.

4. Several MLS sponsors are rolling out activation plans in advance of this week’s All-Star Game in Kansas City. Gatorade installed “hydration trees” throughout Sporting Park, while game title sponsor AT&T helped secure the musical act Macklemore and Ryan Lewis for a concert earlier this week.

5. season. 12 schools next year will wear the new Adidas TECHFIT uniform with ShockWeb technology, while the University of Tennessee is adding the state outline to its jerseys and the University of Indiana is unveiling chrome helmets.

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