Northwestern just received the biggest gift in school history: $ 480 million. A portion of the donation will be used to renovate Ryan Field into a “world class place”.
Netflix / Design: Alex Brooks
When it comes to sports, Netflix has been consistent in producing documentaries, but no live content or pre-recorded games.
However, CEO Reed Hastings could make an exception for just one property: Formula 1.
“A few years ago the rights to Formula 1 were sold. At that time, we were not among the bidders – today we would think about it, Hastings Recount Der Spiegel.
The Netflix “Drive to Survive” docuseries have been widely credited with growing F1 audiences by 39% from 2019 to 2021. The show is currently filming its fourth season.
ESPN owns U.S. broadcast rights to F1 until 2022. F1 will race in Austin in October and add a stopover in Miami in 2022. ESPN hope to reconnect with a long-term agreement.
Air sports hit a deal to show F1 in the UK from 2019 to 2024 for $ 1.37 billion. Canal + holds the rights in France until 2024.
F1 has discussed a broadcast agreement with Amazon.
To stream any other sport live, Hastings would need a level of exclusivity that leagues typically don’t offer.
“We don’t own the Bundesliga, they can make deals with whoever they want,” he said. “But this kind of control would be a prerequisite so that we can offer our customers a safe offer.
The popularity of “Drive to Survive” and Michael Jordan’s documentary “The Last Dance” has spurred many other sports docuseries, including upcoming Netflix-produced series on NASCAR driver Bubba Wallace and the PGA Tour, and a recent film. released on former F1 champion Michael Schumacher.
Manchester United / Design: Alex Brooks
Manchester United’s broadcast income helped shore up their finances while playing in empty stadiums, but had the Super League taken off they could have negotiated deals with the media on vastly different terms.
The club touchthe fallout from the Super League in its recent annual report, noting that it will pay UEFA between $ 6.8 million and $ 13.6 million, plus around $ 5 million under a deal with the Premier League.
He also winked at the power dynamics that helped inspire the Super League in the first place, noting that Man U’s inability to negotiate separately for media contracts may result in conditions that are not not “as favorable to us as we might otherwise be able to negotiate individually”.
The team brought in $ 347.3 million in broadcast revenues for the 12 months ended June 30 – up 88% year-over-year.
This made it possible to compensate for a 92% drop in game revenue year over year to $ 9.7 million.
Man U lost $ 125.7 million during that time, nearly triple the loss from the previous year. The team made a combined profit of $ 216.7 million in the four years leading up to the 2019-2020 season affected by the pandemic.
The Premier League distributed half of its media turnover evenly between its teams, the other half being determined by the matches played and the final standings.
This system weighs on Manchester United’s ability to capitalize on its popularity. They have most followers of the social networks of any Premier League team (over 143 million) and has just acquired Cristiano Ronaldo, the most followed athlete on Instagram (over 314 million).
Crypto.com/Design: Alex Brooks
Crypto.com announced on Wednesday that a patch will appear on the Philadelphia 76ers jerseys over the next six years, totaling the company’s deals with sports brands in excess of $ 400 million.
The Hong Kong-based cryptocurrency operator’s deal with the 76ers is worth approximately $ 10 million per year, according to at the Philadelphia Business Journal. The deal also marks Crypto.com’s first in the NBA.
The two entities will also collaborate on the NFTs.
Crypto.com has been aggressive enough to establish a footprint in the sport.
He signed a one-year sponsorship deal with the NHL Montreal Canadiens in March.
He announced a five-year, $ 100 million global partnership with Formula 1 in June.
He signed a 10-year, $ 175 million trademark deal with the UFC in July.
He entered into a multi-year partnership with Serie A in August.
Last week he signed a three-year $ 29.5 million to $ 35.4 million deal with Paris Saint-Germain.
Introduced in 2016, NBA jersey patches have sold for an average of $ 7-10 million per year.
Earlier this week, the Los Angeles Lakers secured a five-year jersey sponsorship worth over $ 100 million with Bibigo, a brand of CJ CheilJedang, Korea’s No.1 food company. from South.
Jennifer Buchanan-USA TODAY Sports / Design: Alex Brooks
On the same day as the second Leagues Cup final, MLS and Liga MX announced their intention to interrupt their regular seasons for a month and develop the 47-team tournament, from 2023.
This year’s tournament had just four teams from each league and did not interrupt the regular season.
The expanded tournament will be a official CONCACAF competition Champions League with three qualifying places and will take place entirely in the United States and Canada.
Sponsorship and ticket sales revenue will be distributed among the leagues.
The leagues will be form a joint venture to sell the international media rights of the tournament.
MLS currently wins $ 90 million each season for media rights, with MLS Cup grossing $ 1.07 million the viewers last year – a 30% increase over 2019.
The tournament will be included as a property in the MLS and Soccer United Marketing media rights agreement which begins in 2023. It is not clear whether the tournament will be included in regular season games.
Details on the cash prizes and tournament format will be announced in the coming months.
La Liga MX President Mikel Arriola said the tournament expanded “raising the standards of play and quality, “and in turn,”the economic benefits can be reinvested, create a virtuous circle ”for the development of the teams before the 2026 World Cup.
Co-hosted by the United States, Mexico and Canada, it will be the first The World Cup will feature 48 countries.
Victoria’s Secret rival ThirdLove is launching into sportswear, launch a workout line that includes sports bras, leggings and workout tops for women.
Macklemore Bogey Boys Golf Brand open its flagship store in Seattle.
The Florida Panthers arena in Sunrise, Florida will be called the FLA Live Arena for the upcoming season. The team is looking for a new naming rights partner for 2022.
On March 7, 2022, a jury trial date has been set for the $ 23.8 million lawsuit of former XFL commissioner Oliver Luck against Alpha Entertainment and its CEO Vince McMahon.
How many times a month do you use a ridesharing app?
Wednesday’s response 45% of respondents watch Premier League football.
* All times are EST, unless otherwise noted. * Dimensions / lines subject to change. The T & Cs apply. See draftkings.com/sportsbook for details.