U.S. Chamber of Commerce’s Post

The narrative surrounding the new stadiums for the Chiefs and Royals has the KC area buzzing. As both teams look to modernize their homes, the stakes are high not just for sports fans, but for the entire community! It's not just about touchdowns and home runs; it's about shaping the future of Kansas City and making it a destination for sports fans everywhere. A new stadium could mean revitalized neighborhoods, increased tourism, and a boost to the local economy. However, it seems not everyone agrees the potential positives outweigh the potential negatives. What do you think of the Stadium Situation? Sound off in the comments below! #KansasCity #KCChiefs #KCRoyals #LocalPolitics

Bay FC's majority owner, Sixth Street, launched Bay Collective today, a global platform built to transform women’s football both on and off the pitch, and announced Kay Cossington MBE, Technical Director at the English Football Association (FA), as CEO. Bay Collective will bring incredible wisdom and experience from Kay and world-class leadership and resources of Sixth Street to women’s football to help inspire and improve the experiences of athletes, fans, and communities everywhere.   “Built on our shared values and commitment to a one-team culture, the combination of Kay’s leadership and Sixth Street’s deep experience and resources will challenge conventional wisdom and use the power of women’s football to inspire and improve the experience of athletes, fans, and sporting communities around the globe,” said Alan Waxman, Co-Chair of Bay FC and Co-Founder and CEO of Sixth Street.   Learn more here: https://lnkd.in/gUG4jeNF

Today on The Middle Ground, our guest was Las Vegas Councilwoman Nancy Brune, representing Ward 6. We had an engaging discussion about various topics, including the impact of professional sports on Las Vegas’ economy. I posed a question about how professional sports have shaped our city, highlighting the Goodmans' efforts in putting sports on the radar. While Las Vegas didn’t initially build stadiums in the city, it’s clear that these county-based developments have been transformative for us all. Councilwoman Brune emphasized how professional sports have played a vital role in diversifying our economy. She noted the initial opposition to the Raiders moving to Las Vegas and building Allegiant Stadium. However, Allegiant Stadium has proven to be a huge success, currently ranking as the #2 venue in the United States. Over 657,000 fans attended 15 touring events, generating over $118 million in ticket sales. As Nancy put it, sports have been a tremendous asset to Las Vegas, not just for entertainment but as a critical driver of economic growth and diversification.

A big gain for #Detroit as the National Football League (NFL) draft event comes to the city. Anderson Economic Group, LLC consultants estimate the net economic benefit to the area to be over $160 million, based on 255,000 unique visitors. That's on par with the effect of the last #Superbowl held in the City in 2006. AEG has done rigorous economic and fiscal impact analyses for events, major investments, industrial strikes, blackouts, earthquakes, riots, and other causes for over two decades. We use a rigorous methodology, taking into account substitution and costs and avoiding excessive multipliers. That's one reason we can do this comparison over time. We went back to our analysis of the 2006 Detroit Superbowl, and adjusted for prices, different number of events, size of the gate, ticket prices, and the much improved visitor amenities for people traveling to Detroit. A Superbowl has big ticket prices and a stadium full of people, with most of the money flowing outside the host city. A draft event has 2 or 3 stadiums full of people, low (or zero) ticket prices, and lots of money staying in the host city. Thus, when you look at it in 2024 dollars, this year's #NFLDraft event might be a bigger boost for the local economy than the 2006 Superbowl. Release on Anderson Economic Group website: https://lnkd.in/g8VP5hzj The Detroit News story by Kalea Hall: https://lnkd.in/gK85FdmV #economy #sports #sportseconomics #fiscal #michigan #detroitlions

US soccer ⭐ Tyler Adams joined Westchester SC ownership group… 𝗧𝗵𝗲 𝗨𝗦𝗟 𝗶𝘀 𝘁𝗮𝗸𝗶𝗻𝗴 𝗼𝗳𝗳 (𝗱𝗿𝗶𝘃𝗲𝗻 𝗯𝘆 𝗮𝘁𝗵𝗹𝗲𝘁𝗲 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀): • Tim Tebow:  JAX USL • Angel Reese: Baltimore team • Tim Howard: Memphis 901 FC • Jose Bautista: Las Vegas Lights • Jeff Teague: Loudoun United FC • Marshawn Lynch: Oakland Roots • Landon Donovan: San Diego Loyal 𝗦𝗼𝗺𝗲 𝘀𝘁𝗮𝘁𝘀 𝘁𝗵𝗮𝘁 𝗵𝗮𝘃𝗲 𝗶𝗻𝘁𝗿𝗶𝗴𝘂𝗲𝗱 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝗮𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝗨𝗦𝗟: ⚽ ❶ The USL Championship has seen franchise values steadily climb, with new expansion fees now exceeding $20 million. ❷ Unlike the MLS...USL teams maintain independent ownership & operational flexibility, allowing for unique investment structures and upside potential. ❸ Major investors are targeting USL clubs due to their stadium-anchored mixed-use projects (over $3B in active capital currently). ❹ USL's potential promotion & relegation model adds long-term competitive intrigue, differentiating it from other North American leagues. ❺ Media rights and sponsorship revenue continue to grow, strengthening financial viability and long-term ROI for investors. ──────── *𝘥𝘪𝘴𝘤𝘭𝘢𝘪𝘮𝘦𝘳: 𝘗𝘳𝘰𝘧𝘭𝘶𝘦𝘯𝘤𝘦 𝘊𝘢𝘱𝘪𝘵𝘢𝘭 𝘪𝘴 𝘢𝘯 𝘪𝘯𝘷𝘦𝘴𝘵𝘰𝘳 𝘪𝘯 𝘞𝘚𝘊 (𝘪𝘵 𝘸𝘢𝘴 𝘨𝘳𝘦𝘢𝘵 𝘵𝘰 𝘨𝘦𝘵 𝘵𝘩𝘪𝘴 𝘥𝘦𝘢𝘭 𝘥𝘰𝘯𝘦 𝘸𝘪𝘵𝘩 𝘞𝘦𝘴𝘵𝘤𝘩𝘦𝘴𝘵𝘦𝘳 𝘯𝘢𝘵𝘪𝘷𝘦 𝘛𝘺𝘭𝘦𝘳 𝘈𝘥𝘢𝘮𝘴 𝘢𝘯𝘥 𝘩𝘪𝘴 𝘧𝘢𝘮𝘪𝘭𝘺).

Devon’s Journey in the NFL and Real Estate Devon masterfully balances the demands of his NFL career with his passion for real estate learning and development. 🏈🏢 His story is one of dedication, growth, and seizing opportunities both on and off the field. Check out the full story on this video! https://lnkd.in/gr7n2fHa #nfl #realestateinvesting #realestate #investingrealestate #InvestmentStrategies #hardmoneybankers #privatelenders #investinrealestate #realestate

People are quick to say "The Rays will leave". The reality is that relocation is far less of an option than prior years. While cities like Nashville, Portland, Salt Lake City, Charlotte and Montreal have been floated as potential destinations, the local political and financial landscapes have drastically changed in those cities. Nashville: Approved funds for a $2.2B (and growing) Titans stadium, and it proved to be a divisive issue locally. An anti-stadium Mayor was elected in 2023. Salt Lake City just invested $900M and a .5% sales tax for hockey. Charlotte recently approved $650M investment in Bank of America stadium upgrades. All of this, plus MLB owners are eager to resolve the Rays and A’s stadium situations to unlock expansion opportunities. They are not interested in relocation. They want more teams. Finally, if the Rays relocate- Tampa Bay would become the largest U.S. market with only two major pro teams. This would certainly draw the attention of other leagues like MLS, WNBA. Hard to see MLB surrendering this market for another league to expand into. Read Henry Queen's story for Tampa Bay Business Journal for more detail and the complexities that seem to surface each day. #stadiums #pinellascounty #stpete #tampabay

Egon Durban, Silver Lake co-CEO and Endeavor Board Chairman, has a deal in place to acquire a 7.5% stake in the Las Vegas Raiders 🏈 If finalized, Endeavor will divest WME Sports' football representation business to comply with NFL conflict-of-interest rules. Approval is pending at the Dec. 10-11 NFL owners meeting. Read more: https://ow.ly/pGSU50UbmQx

📅 New Year, New Opportunities. 🔥 The college basketball season is in full swing. Players are grinding, teams are building chemistry, and dreams are within reach. 🏀 A quick reminder: It’s not just about NIL deals, NBA buzz, or the noise. What really matter is winning habits, staying focused, and continuing to develop. 🎙️ Catch the latest insights on The Matt Babcock Show—diving into what it takes to thrive both on and off the court. 👉 babcockhoops.com

I wanted to share a short video I came across that highlighted Danita Johnson's journey as President of Business Operations at DC United. It’s a fascinating watch, especially considering her impressive work with the LA Sparks and Clippers. Her experience offers valuable insights into the strategies behind growing a sports franchise, particularly in the U.S., where soccer is still carving out a space alongside more established sports like basketball and football. What stands out most in her approach is the focus on community engagement and building genuine connections with local fans. This is a vital lesson for clubs and leagues looking to expand into new markets, both in the U.S. and globally. It’s not just about promoting the sport but embedding it into the cultural fabric of the region. Johnson’s commitment to creating memorable experiences for fans—whether inside the stadium or through digital interactions—shows the importance of looking beyond traditional models like ticket sales. It’s about fostering long-term relationships with the audience. Having followed her work with the LA Sparks and Clippers, it's clear that her success comes from understanding that not all fans are the same. At DC United, the team has tailored its strategies to different audience segments—whether it’s die-hard soccer enthusiasts, casual fans, families, or corporate sponsors. By catering to each group’s specific needs, they’ve ensured that every fan’s experience is relevant and engaging. This kind of segmentation is essential for building lasting connections with fans, both in person and digitally. For leagues or clubs aiming to break into new markets or regions where they haven’t yet built a large following, understanding your audience and what resonates with them is critical. Personalizing their experience leads to stronger fan loyalty and long-term growth. For regions like Africa or Asia, the challenge is often creating that initial connection with fans who may not have a deep historical tie to the sport or team. By building digital experiences, offering localized content, and creating unique game-day events, leagues can emulate Johnson’s approach and establish themselves successfully in new markets. https://lnkd.in/e8K5dAdT