Tag

Sports Teams

All articles tagged with #sports teams

business1 year ago•2 min saved

NBA Legends Carter and McGrady Join Buffalo Bills Ownership

Private equity firms Ares Management and Arctos have made landmark investments in the NFL by acquiring minority stakes in the Miami Dolphins and Buffalo Bills, respectively. These deals, approved by the NFL, mark the first time private equity firms have been allowed to own direct stakes in NFL teams, following recent changes to ownership rules. The move is expected to lead to more similar investments as NFL team valuations continue to rise, with the average team now worth approximately $5.9 billion.

via Financial Times|

#ares-management #business #investments

sports1 year ago•5 min saved

"Oakland Athletics' Departure: Assessing the Impact on the City and Fans"

Columnist Marcus Thompson argues that the departure of the Oakland Athletics from the city is ultimately a positive development, likening it to a necessary prescribed burn to clear out old vegetation and make way for new growth. He criticizes A's owner John Fisher for rejecting a deal with Oakland and instead opting to move the team to Sacramento, emphasizing the need for sports team owners who are committed to the community. Thompson believes that Oakland's loss of three professional teams may be a necessary step for the city to rebuild and thrive, and calls for a shift in the paradigm of sports business in the city.

via The Athletic|

#athletics #john-fisher #oakland

sports-city-development1 year ago•12 min saved

"The Rise of Las Vegas as the New Sports Capital: Will the Billions Invested Pay Off?"

Oakland, once a thriving sports city, has lost its professional sports teams to Las Vegas, leaving a void for the city's devoted fan base and a sense of loss for its winning tradition. As Las Vegas rises as a professional sports town, Oakland's demographics are shifting, and the loss of its teams is contributing to a jarring transformation. Las Vegas's appeal as a one-stop entertainment hub, combined with substantial public investments in sports facilities, has attracted major sports leagues, while Oakland is left searching for a way to attract new professional teams.

via ESPN|

#city-transformation #economic-impact #las-vegas

sports2 years ago•1 min saved

Bruins' Historic Season Ends in Disappointing Fashion.

The Boston Bruins' loss in the first round of the Stanley Cup playoffs has brought back the city's reputation for choking in sports, despite their 12 championships across four major sports in the 21st century. The city had spent over two decades performing a mass exorcism to lay this reputation to rest, but the Bruins' loss has brought it back to the forefront.

via The Wall Street Journal|

#boston-bruins #choking #exorcism