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Today, we turn back the pages of sports history to commemorate a landmark moment - the birth of professionalism in American sports, a revolutionary concept introduced by the Cincinnati Red Stockings in 1869. 🌟 This day marks not just a leap forward for baseball, but a pivotal shift in the landscape of all sports, signaling the dawn of the professional era. The Cincinnati Red Stockings were not merely a team; they were visionaries who embraced the notion of paid athletes, thereby laying the foundation for the modern professional sports industry. Their bold decision in 1869 has echoed through the ages, setting the stage for advancements in how sports are played, enjoyed, and evolved. As we celebrate this historic day, let's pay tribute to the Cincinnati Red Stockings for their pioneering role in professional sports. Their groundbreaking move in 1869 continues to inspire innovation and excellence in sports, from the fields and courts of play to the immersive experiences enjoyed by fans around the world. Let's honor the legacy of the Cincinnati Red Stockings and the transformative year of 1869, reminding us of the rich history of sports and the endless possibilities for the future. Here's to the past that shaped the present and the innovations that await. ⚾️💼 #CincinnatiRedStockings #ProfessionalismInSports #SportsHistory #1869 #Innovation #AthleteDevelopment #FanEngagement"

Reflecting on the RFK #SuperBowlAd this morning, as both a #marketer and a #history enthusiast. I initially found it to be a stroke of genius, redoing the iconic JFK ad from the 60s (original below). It seemed to pay homage to his family legacy while offering a fresh perspective, akin to a Trump-esque 'Make America Great Again' message, albeit from a different vantage point. However, my perception shifted when I witnessed the backlash on social and the subsequent apology from RFK. It became apparent that while the ad may have resonated with those familiar with the campaign or history buffs like myself, its impact on the family's emotions was unforeseen, especially considering they were blindsided by its release. In the end, the real lesson that will live on in #marketing, #publicrelations, and #advertising textbooks for a different reason. Despite the considerable investment—reportedly $7M for the spot alone—the ROI appears dubious at best. The ad's polarizing reception underscores the importance of thorough audience research and sensitivity, lest the costs outweigh the benefits. What are your thoughts on this commercial and its aftermath? #SuperBowlAds #RFK #AdvertisingStrategy #BrandManagement

The Chicago Sports Network (CHSN), which will be in partnership with Standard Media Group, will be a free over-the-air broadcast. The teams expect carriage with most cable providers, but the biggest hurdle will be Comcast, the biggest cable provider in Chicago. One of the main upsides to the team broadcasting on NBC Sports Chicago was that Comcast carried them and the channel wasn’t placed in the most expensive cable tier. While fewer people subscribe to Comcast than years ago, it remains a vital platform in the Chicago area. The Cubs launched Marquee without carriage on Comcast and reached an agreement only right before Opening Day 2020. The Cubs needed three years to launch that for Marquee. The Vegas Golden Knights might have provided an ideal road map. The Golden Knights’ broadcasts are available over the air through a deal with Scripps Sports, but they also created a stream-only option, which began this past year. Fans can pay $69.99 for the season to stream all 69 locally broadcasted games. As long as you’re outside the local market, you won’t be blacked out from locally broadcast Blackhawks, Bulls or White Sox games if you pay for the respective league’s broadcasting service. Changes to the in-game broadcasts are unlikely because the teams employ those people. The teams will also have more of a say now on the studio talent. #DrexelSBIZ #SportBusiness #NBA #MLB #NHL #ChicagoBulls #ChicagoWhiteSox #ChicagoBlackhawks #ChicagoCubs #VegasGoldenKnights #NBCSports

It is looking like the National Basketball Association (NBA) is going to exit its exclusive negotiating window with The Walt Disney Company and Warner Bros. Discovery despite a new media rights deal being finalised with either company. The window allows the league to talk to only the current two rights holders before going to the open market, which began on 9th March and is going to end on Monday. Despite current NBA commissioner Adam Silver describing talks as “positive”, the league is expected to form a new rights deal with three or four partners. The current deal which splits between ESPN/ABC and TNT has paid the league an average of $2.7b over the past nine years, this deal runs out once the 2024/25 season is completed. It is also looking more likely that the NBA will be adding a streaming component to the next deal they make. With potential partners such as Amazon and NBC on the shortlist. Executives from Disney and Warner Bros. Discovery have had discussions about a more conservative approach to spending, this would decrease the size of the package they are looking to pay which would possibly open a door for at least one more partner. Mark Tatum, deputy commissioner of the NBA, said: “We’ve been meeting with our incumbents for months, and they’ve expressed an interest in renewing, and we are hopeful that we’re going to continue our partnership with them.” “I will say this, given the evolving media landscape, I think that we’re likely to emerge from this window with at least one additional partner.” #nba #streaming #disney #warnerbros #streamingservice #media #business

Green light for Jacksonville Jaguars ‘Stadium of the Future’ Jacksonville City Council has voted to approve the Stadium of the Future deal between the City of Jacksonville and the National Football League (NFL)’s Jacksonville Jaguars. The 19-member council approved the projected $1.4 billion renovation by a 14-1 margin with two abstentions. The stadium deal must be approved by NFL owners at their fall meetings in October. The agreement marks a critical step in a process that the Jaguars have worked toward for at least four years. The agreement will see the Jaguars and the city contribute $625 million each to the project, with the stadium undergoing major renovations. Work will get underway in 2026. The renovation will transform EverBank Stadium into a modern, state-of-the-art facility. The Jaguars originally announced plans for the renovation in the summer of 2023. The Jaguars said in a statement: "We’re excited that the City Council has approved this historic agreement that will keep the Jaguars in Jacksonville for decades to come, enhance the fan experience for NFL and non-NFL events, and provide a springboard for downtown growth starting with the completion of world-class riverfront parks. "The other portions of the community benefits agreement represent a once-in-a-generation opportunity to improve the quality of life for citizens across Jacksonville. We remain committed to working with the City Council to pass those pieces of the package when they return in July." Shad Khan, Owner, Jacksonville Jaguars, said: "The belief and determination of Delores and Wayne Weaver to make the Jacksonville Jaguars a reality more than 30 years ago was reaffirmed today by the leadership of Mayor Donna Deegan, her team and the Jacksonville City Council. The message then, and now, should be clear. Never doubt Jacksonville!" For the full story, go to: https://lnkd.in/esDf5ypD #nfl #sportsbiz #sportsindustry #stadia #stadiumdesign #sportsvenuebusiness #sportsvenuebiz #svblive Sports Venue Business SVB LIVE John Sheehan The Sports Networker

As the world of sports expands deeper into mainstream media, it comes as no surprise to see the recent deal between Manchester City’s owners, City Football Group (CFG), and Sony Pictures Television (SPT). This ambitious collaboration marks a significant expansion of Manchester City’s influence from the pitch to the screen, uniting City Studios and Sony's creative expertise to develop an array of new football-themed television shows. CFG and SPT will jointly develop original scripted, nonfiction, and children's TV projects, focusing on stories from CFG’s clubs and players, as well as broader football themes. Leveraging CFG’s global network, which includes 12 clubs like New York City FC and Melbourne City FC, this venture aims to amplify their brand's global reach and engagement.  The financial benefits for CFG are substantial, opening new revenue streams through global content distribution and merchandising. This strategic move sets a precedent for other clubs, as they consider ways to build brand and activate global audiences. This uniquely collaborative venture can open new doors for the future of sports entertainment. #SportsMedia #SportsInvestment #ManchesterFC #Sony #NewMedia

Everything you need to know in #SportsBiz today: 1. Paramount Global to layoff about 800 employees worldwide in cost-cutting drive 2. The Premier League approves Sir Jim Ratcliffe's Manchester United minority stake purchase 3. ESPN secures rights deal for College Football Playoff through the 2031/32 season with US$1.3bn deal 4. BBC agrees 12-month rights deal to broadcast major athletics events, including UK Championships 5. SoFi signs multi-year official banking partnership covering NBA, NBA G League, NBA 2K League, and USA Basketball 6. Blackstone is out of Bundesliga investment talks, DFL confirms 7. New Balance named Supercars Championship new official uniform supplier 8. Google Pixel becomes presenting sponsor of NWSL playoffs and championship game 9. Saudi gets 'fourth major' as World Snooker Tour agrees ten-year deal for Riyadh event with huge prize pot 10. Vegas Super Bowl sets betting record with US$185.6m wagered across 182 sportsbooks 11. Brentford Football Club report club-record revenue of £166.5m and £9.2m profit 12. ESPN Bet plans New York launch, with Penn paying Wynn Resorts US$25m for market access 13. Caitlin Clark's latest game for University of Iowa draws 1.77m women's basketball viewers for FOX Sports Keep your finger on the pulse with all the major stories and news announcements by checking out The Wire - our one-stop shop and super-feed of sports business news 👉https://lnkd.in/dJKSjMv5

Are you ready for some football? The Denver Broncos are as they continue to elevate the fan experience this autumn. It's not just about the tailgate parties, concessions, and crowd camaraderie. It's also made possible with the power of game-changing technology and connectivity. Leaders from the Denver Broncos and Comcast NBCU SportsTech share their insights on how technology is reshaping the fan experience here. No matter which football team is your favorite, everyone deserves personalization and connectivity – whether you're inside or outside the venue. Direct message me to learn more about our Comcast Business stadium solutions. Who are you rooting for this season? #enterprisesolutions #MSP #UCaaS #comcastbusiness #iworkforcomcast

Are you ready for some football? The Denver Broncos are as they continue to elevate the fan experience this autumn. It's not just about the tailgate parties, concessions, and crowd camaraderie. It's also made possible with the power of game-changing technology and connectivity. Leaders from the Denver Broncos and Comcast NBCU SportsTech share their insights on how technology is reshaping the fan experience here. No matter which football team is your favorite, everyone deserves personalization and connectivity – whether you're inside or outside the venue. Direct message me to learn more about our Comcast Business stadium solutions. Who are you rooting for this season? #enterprisesolutions #MSP #UCaaS #comcastbusiness #iworkforcomcast

Are you ready for some football? The Denver Broncos are as they continue to elevate the fan experience this autumn. It's not just about the tailgate parties, concessions, and crowd camaraderie. It's also made possible with the power of game-changing technology and connectivity. Leaders from the Denver Broncos and Comcast NBCU SportsTech share their insights on how technology is reshaping the fan experience here. No matter which football team is your favorite, everyone deserves personalization and connectivity – whether you're inside or outside the venue. Direct message me to learn more about our Comcast Business stadium solutions. Who are you rooting for this season? #enterprisesolutions #MSP #UCaaS #comcastbusiness #iworkforcomcast