News

Franchise values: Which price is right?

By Daniel Kaplan & John Lombardo, Staff Writers Sports Business Journal Published: June 30, 2014 When a team unexpectedly reels off a long winning streak, fans can be tempted to start thinking even bigger: championships, parades — the good times going on and on. So when the news hit last month that the Los Angeles…

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Charlotte sports exec kicking around Major League Soccer bid

By Erik SpanbergCharlotte Business JournalPublished: January 24, 2014 The managing partner of Charlotte’s professional lacrosse team wants to add Major League Soccer to the city’s sports portfolio. All he needs is about $75 million or so and a major facelift for Memorial Stadium. Then again, for 40 years or so, no one ever thought professional…

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Charlotte Hornets hope fans will bee there for merchandise rollout

by Erik SpanbergCharlotte Business JournalPublished: January 17,2014 You’ve seen the logo, but will you wear it? Charlotte Bobcats executives hope the answer to that question is a resounding yes. On Saturday, the soon-to-be Hornets will begin selling Hornets gear featuring the updated logo unveiled last month by team owner Michael Jordan. Last summer, Jordan and…

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Fans buy more Pistons merchandise as team improves on court

By Bill SheaCrain’s Detroit BusinessPublished: January 7, 2014 The Detroit Pistons say there are new indications that their financial and on-court turnaround is working. Fans are buying Pistons logo merchandise at a 70 percent higher rate over last season from the official team stores at the Palace of Auburn Hills and Great Lakes Crossing Outlets,…

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Henderson City Council failed to see red flags on stadium project; speculative arenas are practically unheard of

By Eli SegallVegas IncPublished: March 15, 2013 Building a professional sports arena or stadium without a team committed to play there is practically unheard of. Developer Chris Milam wanted to build four of them — and got the Henderson City Council’s full support. There were plenty of red flags when Milam pitched his proposed Las…

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Shake-up at AEG clouds NFL’s return

By Walter Hamilton and Sam FarmerLos Angeles TimesPublished: March 14, 2013 After seeking a buyer for months, the billionaire owner of entertainment giant AEG abruptly took the company off the market, leaving a parade of high-profile suitors empty-handed and damaging the prospect that professional football will return to Los Angeles any time soon. Philip Anschutz…

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