Tag

Business And Sports

All articles tagged with #business and sports

business-and-sports1 month ago•3 min saved

Clearlake Capital Secures Full Control of Chelsea FC in £950m Buyout of Boehly and Walter

Todd Boehly and Mark Walter have sold their combined 25% stake in Chelsea FC to majority owner Clearlake Capital for £950 million. The transaction, which values the club at approximately £5 billion including debt, grants Clearlake full control of the Premier League side. Boehly will step down as chairman, while Swiss billionaire Hansjörg Wyss retains a 13.5% share. The deal is expected to facilitate long-planned stadium upgrades and resolve governance tensions between the ownership factions.

via Financial Times|

#business-and-sports #chelsea-fc #clearlake-capital

business-and-sports1 month ago•3 min saved

Comcast and Harris Blitzer Reveal Designs for 2030 South Philadelphia Arena

Comcast and Harris Blitzer Sports & Entertainment released initial exterior renderings for a new, fully privately funded arena in South Philadelphia, scheduled to open in 2030. The venue, located on the historic Spectrum site, will serve the 76ers, Flyers, and a future WNBA team. Planners project the project will generate nearly $6 billion in economic activity and create 15,000 jobs over the next decade, with groundbreaking targeted for early 2027 pending city approvals.

via NBC10 Philadelphia|

#arena-development #business-and-sports #comcast

business-and-sports1 month ago•0 min saved

Sandy City Drops Callaway Gear After Viral Ad Depicts Violence Against Women

Sandy City, Utah, is removing Callaway Golf merchandise from its municipal River Oaks Golf Course pro shop following a controversial advertisement that depicted violence against a woman. The ad, produced by Good Good Golf and approved by Callaway, showed a male co-founder shoving a female golfer to the ground. While Callaway has ended its partnership with Good Good and pledged $1 million to anti-violence organizations, local officials are choosing to replace the brand with women-owned businesses to ensure public spaces remain welcoming. The incident has triggered a broader crisis in the golf industry, involving lost sponsorships, retailer boycotts, and internal leadership changes at Good Good.

via The Salt Lake Tribune|

#business-and-sports #callaway-golf #corporate-responsibility

business-and-sports2 years ago•1 min saved

"Ex-Apple Exec Pete Distad to Lead Joint Sports Streaming Venture"

Pete Distad, former Apple and Hulu executive, has been named CEO of the upcoming sports streaming service from Disney, Fox & Warner Bros. Discovery, set to launch in the fall. The service, which will offer coverage of major sports leagues, aims to bring together 14 linear network feeds from the joint venture's member companies. With projections of 5 million subscribers in the first five years, the service's pricing and specific offerings are still to be determined.

via Deadline|

#business-and-sports #ceo-appointment #disney

business-and-sports2 years ago•3 min saved

"Major Sports Networks Unite for Game-Changing Streaming Service"

Fox, Disney's ESPN, and Warner Bros. Discovery are teaming up to launch a sports streaming platform targeting cord-cutters and cord-nevers, offering a skinnier sports bundle with popular live sports at a cheaper price than traditional cable packages. With an estimated 60-70 million cord-cutter and cord-never households in the U.S., the joint venture aims to tap into the growing market of sports fans turning to internet alternatives. The move reflects the accelerating shift away from traditional pay-TV models, with Disney also planning to offer a stand-alone ESPN streaming app.

via USA TODAY|

#business-and-sports #cable-tv #cord-cutters

business-and-sports2 years ago•8 min saved

"Damian Lillard's Impact on Portland: From Divorce to Victory"

Back to the Basket, a vintage basketball shop in Portland, celebrated Damian Lillard's return to the Moda Center with a watch party, showcasing the mutual love between Lillard and the city. Co-owners Troy Douglass and Jalen Thomas, lifelong Blazers fans, opened the shop in 2020, aiming to build a community hangout for all basketball fans. The shop's success was kickstarted by a hat worn by Lillard in 2014, and despite feeling the impact of Lillard's departure from the Blazers, the store remains committed to fostering a supportive community for basketball enthusiasts.

via Blazer's Edge|

#basketball #business-and-sports #community