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]
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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]
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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]
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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]
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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]
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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]
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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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The PLAYERS Championship routinely is considered the PGA Tour’s fifth major. But how does it stack up to the other four ¬– The Masters, U.S. Open, British Open, and PGA Championship? [MORE]
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College sports TV rights continue to skyrocket, as two conferences last week reached mega deals. [MORE]
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The city of Sacramento has spent $680,000 since September in its failed effort to build the Kings a new downtown basketball arena. Meanwhile, in Milwaukee, Bucks owner Herb Kohl wants to build a new arena and said he’s willing to make a substantial personal financial investment to the project. [MORE]
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