Articles matching tag: Sports Business
- Column: Marlins Owner Jeffrey Loria About To Cash InDecember 29, 2016
Move over Ozzie and Daniel Silna. The brothers parlayed a $1 million investment in an American Basketball Association team in 1974 into an estimated $800 million return from NBA television rights over a period of 40 years. That deal is considered by many to be the greatest sports investment of all time. Miami Marlins owner Jeffrey Loria is about to trump that. In 1999, Loria, an art dealer who was educated at Yale and Columbia, purchased a 24 percent stake in the Montreal Expos for a mere $12 million investment, also becoming the team’s managing general partner. At the time, Loria was viewed by the locals as the savior of baseball in Montreal. Little did they know that he was really a wolf in sheep’s clothing. Loria quickly proved to be a deft opportunist and a master at taking advantage of fortuitous circumstances.
- Column: WNBA Still StrugglingJune 9, 2016
The Women’s National Basketball Association (WNBA) kicked off its 20th season on May 14 and depending on your point of view, it’s either on track to rival the success of its male counterpart or a league that’s still struggling for success and relevancy. In 1997, one year after the women’s Olympic team began a stretch of five straight gold medals and twenty-five years after the passage of Title IX, optimism ran high that the WNBA would be successful. And why not? It was underwritten by the NBA, played in first class arenas during the NBA’s “off season,” and included the greatest female basketball players in the world. League attendance in the first two seasons did nothing to dampen that enthusiasm, climbing from an average of 9,664 in its inaugural season to 10,864 in 1998.
- Column: Tanking in Sports - Is It Ethical?January 21, 2016
The “T” word is reviled in sports. But although its existence is universally denied, “tanking” is an ugly reality in professional sports. In baseball, the Astros and the Cubs spent several years tanking, or “rebuilding” as teams prefer to call it. They stripped their major league roster by trading for future “assets,” younger, controllable players. Neither team was competitive for a number of years, which lead to last place finishes, which begot high draft picks. That allowed each team to acquire the best amateur players in the country. The results of those efforts could be seen on the field last year. Both teams made the playoffs for the first time in years and with all their young talent, are poised to have a sustained run of success. That model has not gone unnoticed in the sport. Other teams, including Philadelphia, Atlanta, Cincinnati and the Brewers, have adopted a similar strategy. While none of those teams will admit to tanking, by any definition the bottom line is the same: They aren’t trying to win in the short run.