Uncategorized

Here’s why the miserable Sacramento Kings are selling for $200 million more than Tom Gores paid for the Detroit Pistons

By Bill Shea
Crain’s Detroit Business
Published: January 22, 2013

The Sacramento Kings will be sold in a deal whose eventual cost is expected to approach $600 million after the team relocates next season to Seattle and is reconstituted there as the SuperSonics.

The Sacramento Kings for $600 million? Really? That much for a team whose on-court history […]

Low-key ownership style suits San Francisco Giants’ Johnson

By Bill Shea
Crain’s Detroit Business
Published: October 28, 2012

Charles Johnson, 79, is the San Francisco Giants’ principal owner, reportedly with a 25 percent stake in the team. That’s believed to be the largest among the team’s 32-member ownership group, San Francisco Baseball Associated LP.

But his management style is reportedly mostly hands-off, empowering the top team […]

Who will it be for AEG?

By Roger Vincent, Walter Hamilton and Andrew Tangel
Los Angeles Times
Published: September 19, 2012

The surprise announcement that billionaire Philip Anschutz is putting his sports and entertainment empire up for sale sent potential buyers scrambling to launch bids that insiders say could reach $7 billion or more.

The big question on everyone’s mind: Who can pony up […]

Dragons’ value ranked best in Class A

By Kyle Nagel
Dayton Daily News
Published: June 12, 2012

The Dayton Dragons are the country’s most valuable franchise at their level of minor league baseball, and the eighth-most valuable minor league baseball franchise in the country, according to Forbes.

The Dragons, who last year set a record for professional sports’ longest consecutive sellout streak that is still […]

In signing Fielder, Ilitch isn’t stretching dough

By Bill Shea
Crain’s Detroit Business
Published: January 29, 2012

In signing Fielder, Ilitch isn’t stretching dough

No, the iconic Little Caesars $5 Hot-N-Ready pizza isn’t increasing in price to pay for superstar slugger Prince Fielder’s new nine-year, $214 million contract with the Detroit Tigers.

Ticket prices, set for the 2012 season in December, won’t suddenly go up, either. […]

McCourt, MLB Reach Agreement To Sell Dodgers

By Mike Pesca
NPR
Published: November 2, 2011

Los Angeles Dodgers owner Frank McCourt and Major League Baseball have reached an agreement to put the team up for sale. While McCourt’s ownership has been widely seen as a disaster for the club, it will still likely sell for nearly three times what he paid for it.

Transcript
ROBERT SIEGEL, […]

Stafford’s injuries could hurt Lions, too: Ticket sales may take it on the chin

By Bill Shea
Crain’s Detroit Business
Published: November 21, 2010

Second-year quarterback Matthew Stafford literally is the poster boy for the rebuilding Detroit Lions, appearing on billboards and other marketing materials aimed at selling tickets.

Fans, however, may not be interested in buying individual game or season tickets to watch second-stringer Shaun Hill pressed into service at quarterback […]

Assets like Astros’ park, TV network should land deal

By David Barron
The Houston Chronicle
Published: November 20, 2010

Whether it takes six months, a year or longer for Drayton McLane to sell the Astros, the combination of a state-of-the-art ballpark, a new television network and a strong business operation should ensure a successful — and profitable – outcome for McLane and his family, the executive […]

The Astros are for sale, with a big number attached; there are similarities to the Indians

By Joel hammond
Crain’s Cleveland Business
Published: November 19, 2010

Paul Dolan told The Plain Dealer this week he and his father weren’t looking to sell the team. But I couldn’t help but wonder how closely the Indians would listen if someone offered a big sum.

That wondering increased this morning, when news of the Houston Astros getting […]

Some call foul on NBA players’ salaries

By Bob Moon
Marketplace Morning Report
Published: October 25, 2010

TEXT OF STORY
JEREMY HOBSON: The new NBA season gets going tonight with the tip off between the Boston Celtics and Miami Heat. As our senior business correspondent Bob Moon reports, despite all the hooplah over big name players like Lebron James, it’s expected to be another money […]