The Sports & Exhibition Authority is looking into the possibility of bringing a WNBA franchise to Pittsburgh.
Pittsburgh Business Times’ Post
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In a realm where sports franchise values cloak themselves in enigma, my exploration with Football People kicked off with Newcastle's sale, laying bare a market value grounded in tangible shares. A global scrutiny of club valuations unraveled unsettling disparities, particularly in MLS figures, thrusting doubt upon Forbes' annual franchise worth rankings. The pandemic inflated team values, seemingly offering a fail-safe haven for billionaire investments. Yet, beneath this veneer lies a more insidious concern about the financial integrity of MLS franchises, intricately tied to tax evasion strategies deftly wielded by affluent owners. MLS's routine declarations of valuations during ownership changes serve as a strategic conduit for tax avoidance. Figures like $400 million to $800 million lack the transparent link to teams' financial realities, exemplified by Orlando City's $450 million valuation versus a 2019 revenue of $49 million, sharply contrasting with Newcastle's forthrightness. This numerical distortion traces back to a calculated tax code legacy courtesy of George W. Bush. Obtaining an undisclosed MLS franchise allows owners to exploit a generous valuation, unlocking a 90 percent business expense write-off of $405 million over 15 years. Owners, juggling diverse portfolios, deftly employ this tax maneuver. In a hypothetical $50 million annual profit scenario, shrewd manipulation of MLS franchise purchase amortization rates empowers them to drastically curtail taxable income, accumulating millions in annual tax savings. This systematic manipulation of the tax code, concealed by inflated MLS valuations, thrusts forth pressing questions about the integrity of these figures and the role of sports franchises as machinations for tax avoidance in the hands of the ultra-wealthy. A meticulous scrutiny of these practices becomes not just a choice but an imperative to expose the bare truth, unraveling the intricate dance between sports, business, and tax codes. In today's MLS scene, a dubious tactic involves artificially boosting valuations and peddling meager ownership shares to those lacking the wealth for a Big Four North American league franchise. https://lnkd.in/etqWYber
Major League Soccer’s Most Valuable Teams 2024
forbes.com
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Former Pro Athlete | Founder of Vetted Sports | Daily insights around sports, technology & investing
Who will buy the Boston Celtics? On Monday, the Celtics' majority ownership group led by Wyc Grousbeck, announced plans to sell the franchise. The Celtics were purchased by this investment group in 2002 for $360M. Since then, the team has won two championships, has over 1,000 wins, and reached the NBA Finals four times. In recent years, NBA team valuations have skyrocketed: • In December 2022, Mat Ishbia acquired the Phoenix Suns for around $4B. • In February 2023, Marc Lasry sold his 25% ownership stake in the Milwaukee Bucks Inc. to Cleveland Browns owner Jimmy Haslam and Haslam Sports Group at a $3.5B valuation. • In December 2023, Mark Cuban sold his majority share of the Dallas Mavericks to the Adelson and Dumont families at a valuation of over $4B. • Most recently, Joe and Clara Tsai sold a 15% stake at a $6B valuation for BSE Global, the parent company of the Brooklyn Nets, Barclays Center, and WNBA’s New York Liberty to the Koch Family. The Celtics are one of the iconic franchises in all of pro sports. They have an NBA record of 18 NBA titles -- trailing only the New York Yankees (27) and Montreal Canadiens (24) among all North American professional sports leagues. This will undoubtedly be the highest sale ever for an NBA team controlling stake. Sportico currently values the team at $5.1B but we could see this going higher to over $6B… 📥 To get the full breakdown of who we think could purchase the team, join for free here: https://lnkd.in/dUYVHG5y #privateequity #sportsbusiness #sportsownership
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Founder CEO - BA SPORT | Sports leagues Investment | Sports Teams Investment | Sports Capital |Delivered ROI for 50 brands in Sports Sponsorship & Brand Endorsement
**Top 10 Most Expensive Sports Team Sales** The world of sports continues to see record-breaking sales as the value of major franchises skyrockets. Here are the top 10 most expensive sports team sales in history: These transactions underscore the tremendous financial stakes and global interest in owning premier sports franchises.
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$600m ➡️ the (rumoured) current expansion fee to purchase an Major League Soccer franchise. $20m ➡️ the current expansion fee to purchase a United Soccer League (USL) franchise. Like every great investor, the challenge is to find value where it doesn’t yet exist or where it hasn't been maximised. This is Brett M. Johnson. The co-owner of Ipswich Town FC, Phoenix Rising Football Club, and the newly formed Rhode Island FC, Brett is both creating and re-establishing value across a portfolio of football assets. US football (soccer...) has created massive asset value, underwritten by security of participation. The tradeoff? Too many games of no consequence. Limited consequence can limit attention 👀 Promotion/relegation fixes that...but reduces value 📉 What do you chase? 🤷♂️ Regardless of the operating system, don’t lose sight of the primary objective; building a great business! 🗣 “I like to focus on what I refer to as the sustainability of football; being able to have a franchise that's profitable and not just for the equity appreciation fairies coming to your rescue” A sports ownership schooling from one of the best in the business (of sport)🔥 Business of Sport (Links in comments)👇 #Ipswich #BrettJohnson #PhoenixRising #RhodeIsland #PremierLeague #MLS #USL #businessofsport #sportsindustry
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Unlock the Benefits of Owning a Multi-Sport Court Resurfacing Franchise Owning a multi-sport court resurfacing franchise presents a unique and lucrative opportunity, especially in today's booming sports industry. With the rising popularity of sports like pickleball, basketball, and tennis, the demand for high-quality court maintenance has never been greater. Investing in a CORTZ franchise offers financial rewards and the satisfaction of contributing to healthier, more active communities. The Demand for Court Resurfacing Rise of Pickleball: As one of the fastest-growing sports in the U.S., pickleball's popularity has surged, increasing the demand for court resurfacing services. Communities are actively seeking "pickleball court contractors near me" and "pickleball court resurfacing near me" to keep their courts in prime condition. Multi-Sport Court Versatility: Multi-sport courts cater to various activities like basketball, tennis, and pickleball. Providing services like court refurbishments and upgrades ensures high-quality, multi-functional spaces, broadening your market and ensuring long-term growth. Community Engagement: High-quality courts encourage residents to participate in sports, promoting healthier and more connected communities. Offering top-notch services positions your franchise as a community pillar, leading to word-of-mouth referrals and repeat business. Ready to Capitalize on This Growing Market? Join our exclusive webinar to learn more about the benefits of owning a CORTZ franchise and how you can transform your construction business. Register now and take the first step toward a profitable and rewarding future! https://lnkd.in/gq9FctkU #FranchiseOpportunity #CourtResurfacing #Pickleball #Basketball #Tennis #CommunityHealth #BusinessGrowth
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Fan loyalty - it's what fuels business results for sports organizations and franchises. So how can new & innovative technologies transform how fans connect with their favorite teams to offer broader sources of value & push casual / inactive supporters up the tiers of fandom to create higher levels of fan loyalty? #sportsbusiness #sportsmanagement #sports
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In our blog article for this week, we take a look at the wealthiest football/soccer brands in the world. From marketing the teams' brand to signing marquee players, these are the top ten(10) football franchises up for discussion. To check out the blog, click on the link below: https://lnkd.in/dkwzv_wd #article #sports #content #blog #marketing #sportsmarketing #digitalmarketing #football #soccer #franchises #top10 #brands
The 10 Most Valuable Football Franchises: Exploring the Powerhouses of the Beautiful Game
athletenetwork.net
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University of Michigan - Stephen M. Ross School of Business has teamed up with Arctos to launch the Ross-Arctos Sports Franchise Index. This index aims to measure the financial performance and investment potential of professional sports franchises using a proprietary methodology that assesses revenue, profitability, market dynamics, and operational efficiency across various leagues. This partnership highlights the intersection of sports, business, and analytics, providing valuable data for investors, team owners, and stakeholders to make informed decisions. The index can be utilized for benchmarking and identifying investment opportunities in the sports industry. #SportsBusiness #Investment #Analytics #SportsIndustry #UMich #ArctosSports #FinancialPerformance #SportsFranchises #BusinessOfSports #RossSchoolOfBusiness
Ross-Arctos Sports Franchise Index (RASFI)
michiganross.umich.edu
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Attorney advising healthcare and IT clients on commercial transactions, IP, privacy, & regulatory matters, and commercial litigation
Like any new or relocating sports franchise, with the NHL's Arizona Coyotes relocating to Utah, there is quite a bit of activity at the U.S. Patent & Trademark Office for potential new names for the Utah franchise. There are some indications that these names are likely in contention for the franchise's new name. While there are more private methods of obtaining a trademark registration before a name has been decided, those methods are not likely useful in the context of a highly public brand change, and thus multiple applications are submitted to the USPTO to minimize the risks, costs and delays of where someone has filed before the hockey club UTAH GLACIERS UTAH FREEZE UTAH HIVE UTAH ICE UTAH MOUNTAINEERS UTAH SWARM UTAH SQUALL UTAH FURY UTAH OUTLAWS UTAH MAMMOTH UTAH HOCKEY CLUB UTAH BLIZZARD UTAH HC UTAH CARIBOU UTAH BLACK DIAMONDS UTAH VENOM UTAH BLAST UTAH FROST UTAH CANYONS UTAH POWDER UTAH YETIS
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Both sides of the argument explained here. If you love the W - educate yourself. If you dislike the W - educate yourself.
WNBA franchises are skyrocketing in value, with the Las Vegas Aces now worth $140 million after owner Mark Davis paid just $2 million for the team in 2021. But the numbers are slightly misleading... So today's video breaks down everything you need to know, including who actually owns the WNBA, why the league will lose $50 million this season, and what needs to happen for players to see a substantial salary increase. Enjoy! P.S. If you enjoy learning about the business and money behind sports, join 120,000+ others who read my 3x weekly newsletter: https://lnkd.in/dF2E-Qc2 #sports #sportsbiz #linkedinsports
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