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Love seeing this for Minor League Baseball. The value proposition in live sports have never been higher across the board. Team Values continue to be on the rise, and this helps all brands within sports. We have seen an influx of new stadium builds across the American Sport world in all of the major sports. Minor League Baseball is seeing their values skyrocket as the 2020 contraction is making teams upgrade stadiums, facilities and even move locations. Because of this, we have seen a pop in the amount of new stadium announcements and major renovation budgets. This is huge for both fans and marketers working with these teams. The Charlotte Knights (AAA) will likely represent the first 9-figure Milb team sale. This alone provides a great snapshot of exactly what Major League Baseball (MLB) had intended when reworking the system 4 years ago. #sportsbusiness #stadiums #marketing #trends2024 #milb #mlb
There’s Nothing Minor About MiLB’s Team Sale Trends
https://frontofficesports.com
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Love seeing this for Minor League Baseball. The value proposition in live sports have never been higher across the board. Team Values continue to be on the rise, and this helps all brands within sports. We have seen an influx of new stadium builds across the American Sport world in all of the major sports. Minor League Baseball is seeing their values skyrocket as the 2020 contraction is making teams upgrade stadiums, facilities and even move locations. Because of this, we have seen a pop in the amount of new stadium announcements and major renovation budgets. This is huge for both fans and marketers working with these teams. The Charlotte Knights (AAA) will likely represent the first 9-figure Milb team sale. This alone provides a great snapshot of exactly what Major League Baseball (MLB) had intended when reworking the system 4 years ago. #sportsbusiness #stadiums #marketing #trends2024 #milb #mlb
There’s Nothing Minor About MiLB’s Team Sale Trends
https://frontofficesports.com
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Industry analysts and MLB insiders on the Orioles’ $1.725 billion valuation: ‘Low’ https://ift.tt/ZbJOBD8 Around baseball, the reaction to the valuation of the Baltimore Orioles at $1.725 billion was one of surprise and in some cases disbelief. Seven industry analysts and rival officials, granted anonymity in exchange for their candor, all used the same word to describe the price: “Low.” The Orioles officially announced the sale of the franchise Wednesday to a group led by David Rubenstein, a Baltimore native who founded private equity firm The Carlyle Group. According to Puck News, which first reported the sale, the Rubenstein group initially will purchase about 40 percent of the club. The group, according to a source briefed on the terms, then will have the option to gain full control after the death of Peter Angelos, pending approval from Major League Baseball. That approval likely would take months as the league conducts background and financial checks on the members of Rubenstein’s group and reviews the sale through internal committees. People in the sport offered a variety of potential reasons for why Peter’s son, Orioles managing partner John Angelos, accepted the $1.725 billion valuation, even though higher offers might have been available both in the past and future. Those reasons included John’s possible frustration over the recently included lease negotiations for the Orioles at Camden Yards, cash-flow issues the family might be experiencing and the influence of Georgia Angelos, John’s mother and Peter’s wife. John Angelos has been running the club in the absence of his father, who is 94 and has been incapacitated due to illness since 2018. A spokesperson for John Angelos declined comment. Other major-league teams in recent years sold for less than the Orioles. The Miami Marlins went for $1.2 billion in 2017, the Kansas City Royals for $1 billion in 2019. The Cleveland Guardians, under the same type of path-to-control arrangement the Orioles are using, were valued at $1 billion in 2022. While Miami and Cleveland are bigger media markets than Baltimore, the Orioles are seen as a franchise with greater potential because of the current quality of the team and the passion of their fan base. Georgia and Peter Angelos at an event in 1996. (Andre Chung/Baltimore Sun/Tribune News Service via Getty Images) Peter Angelos bought the Orioles in 1993 for $173 million. Forbes estimated the Orioles last March to be worth $1.713 billion. That valuation, however, did not include the Mid-Atlantic Sports Network (MASN), in which the team is the majority shareholder in a dual ownership with the Washington Nationals. MASN is included in the Rubenstein group’s purchase, and some in the industry expect the group to sell the network to Ted Leonsis, the owner of NHL, NBA and WNBA franchises in Washington and a different regional sports network, Monumental, that broadcasts all three teams. Like all regional sports networks in this er...
Industry analysts and MLB insiders on the Orioles’ $1.725 billion valuation: ‘Low’ https://ift.tt/ZbJOBD8 Around baseball, the reaction to the valuation of the Baltimore Orioles at $1.725 billion was one of surprise and in some cases disbelief. Seven industry analysts and rival officials, granted anonymity in exchange for their candor, all used the same word to describe the price: “Low.” ...
https://usnews.historyplus.in
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More content! Yesterday, I published an article on Belly Up Sports on why the move of the Arizona Coyotes franchise to Salt Lake City is a good thing for the NHL. Here's an excerpt: "Denver and Salt Lake City are separated by only 518 miles. While the Coyotes and Avalanche already play in the same division (Central Division), there isn’t a rivalry. Now, with both franchises being in the same region, this creates an instant regional rivalry." Read the rest of the article here: https://lnkd.in/eQNNPXAb #sportswriting #nhl #contentwriter #webcontentwriter
Utah is Getting an NHL Franchise and It’s a Good Thing for the League - Belly Up Sports
https://bellyupsports.com
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🚨 Charlotte Knights and Uptown Ballpark Sold to New York-Based Group 🚨 Big changes for Charlotte's beloved minor league baseball team! The Charlotte Knights, along with Truist Field and the associated pub, are being acquired by Diamond Baseball Holdings (DBH), a New York-based ownership group. Key Highlights: - New Ownership: Despite the change, the Knights will remain the Triple-A affiliate of the Chicago White Sox. COO Dan Rajkowski and the front office staff will stay on board. - DBH Reputation: Known for managing successful and innovative Minor League Baseball franchises, DBH is committed to investing in community-focused teams. - Legacy: This marks the end of an era for Don Beaver and Bill Allen, who have owned the team since 1997. Truist Field has welcomed over 5 million fans since opening in Uptown Charlotte. Statements: - Dan Rajkowski: "DBH leads some of the most successful and innovative Minor League Baseball franchises in America with a reputation for investing in those communities." - Pat Battle and Peter Freund, DBH: "The Knights embody the best of MiLB with a one-of-a-kind setting, unmatched family entertainment, and a significant role as a community leader." Next Steps: The deal requires league consent and satisfaction of other conditions before finalizing, expected to happen soon. Stay tuned for more updates as we welcome this new chapter for Charlotte Knights! #CharlotteKnights #MinorLeagueBaseball #CommunityInvestment #NewOwnership
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Glossary of common sports betting terms: Parlay, against the spread, money line, outright, and props
2023 Tennessee Titans: Oilers throwback alternate jerseys are now available
cbssports.com
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Attorney advising healthcare and IT clients on commercial transactions, IP, privacy, & regulatory matters, and commercial litigation
Like any new or relocating sports franchise, with the NHL's Arizona Coyotes relocating to Utah, there is quite a bit of activity at the U.S. Patent & Trademark Office for potential new names for the Utah franchise. There are some indications that these names are likely in contention for the franchise's new name. While there are more private methods of obtaining a trademark registration before a name has been decided, those methods are not likely useful in the context of a highly public brand change, and thus multiple applications are submitted to the USPTO to minimize the risks, costs and delays of where someone has filed before the hockey club UTAH GLACIERS UTAH FREEZE UTAH HIVE UTAH ICE UTAH MOUNTAINEERS UTAH SWARM UTAH SQUALL UTAH FURY UTAH OUTLAWS UTAH MAMMOTH UTAH HOCKEY CLUB UTAH BLIZZARD UTAH HC UTAH CARIBOU UTAH BLACK DIAMONDS UTAH VENOM UTAH BLAST UTAH FROST UTAH CANYONS UTAH POWDER UTAH YETIS
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It's not surprising that the NFL--BY FAR the most competitively balanced league in professional sports--is the most valuable on a per-team basis. But to also have 30 of the top 50 most valuable franchises worldwide? Wild. Whether we like it or not, the parity trend we're seeing (F1 car redesigns, CFB realignment, push for European Super League, etc.) is only just beginning. Too much value on left on the table otherwise. https://lnkd.in/gZsxMirQ
chartr 📊 on X
twitter.com
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From the "sustained pressure system" to a new goaltender instinct system and more, here is what to expect from this year's edition of the franchise.
Why EA Sports' NHL 24 wants to make you exhausted
espn.com
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So you can still be profitable even after 57 years of not achieving?
When it comes to franchise valuations for NHL teams, the only numbers that matter are how much buyers are willing to pay. The Hockey News Owner W. Graeme Roustan ICD.D lists his valuations for all 32 #NHL teams and explains his process: https://lnkd.in/duxUeSiC
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