14 Feb

Sports Business Minute: NBA franchise valuations on the rise

Sports Business Minute: NBA franchise valuations on the rise
With NBA All-Star Weekend right around the corner, CSN’s Sports Business Insider Rick Horrow takes a look at franchise valuations, and why the health of the league is as good as ever.

“Forbes pegs the average NBA franchise value at $1.1 billion, up 74 percent year-over-year from last year, the largest increase since Forbes began franchise valuations in 1998,” Horrow said. “Why? Well, Steve Ballmer’s $2.2 billion purchase of the LA Clippers certainly helps. Second, the television deal that generates about $2.6 billion a year for the NBA starting in 2016, and third, NBA marketing continues to get creative.”

Specifically, the Bulls came in at No. 3 most valuable NBA franchise with a worth of $2 billion, behind only the New York Knicks ($2.5 billion) and Los Angeles Lakers ($2.6 billion). The Bulls led the NBA in attendance in 2013-14 for the fifth straight season, and the $65 million they made was second most in the NBA (Lakers, $104 million).

Watch the complete Sports Business Minute in the video above and follow Rick Horrow on Twitter @RickHorrow.

 

 

13 Feb

RADIO: Facilities and economics – DAYTONA spotlight

RADIO: Facilities and economics – DAYTONA spotlight

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It’s mid-February, which means that NASCAR is back on track. With Speed Weeks upon us and the Daytona 500 a week and change away, “Beyond the Scoreboard’s” Rick Horrow takes a look at Daytona International Speedway and the “Daytona Rising” project underway, and looks at the relationship between motorsports facilities and the sports’ economics — a relationship that’s so close it’s like one big time driver drafting off another.

VIDEO SEEN HERE: http://sports.yahoo.com/video/radio-facilities-economics-daytona-spotlight-123000917.html

05 Feb

Sports Business Minute: Daytona Rising, Danica Patrick’s Chicago tie

Sports Business Minute: Daytona Rising, Danica Patrick’s Chicago tie

CSN Chicago Sports Business Insider Rick Horrow talked Daytona Rising and Danica Patrick’s Chicago tie, and more.

 


Horrow outlined some of the major improvements that lie ahead for the redevelopment of Daytona International Speedway, the darling of American sports racing.

With the Daytona 500 approaching, the $400 million investment will provide the benchmark for NASCAR, as the stadium is just under a year away from its grand opening.

Along with substantial renovations to hospitality features, the upgrade will also provide sponsors with more opportunities for activation, Rolex among the most prominent of benefactors.

Chicagoland also keyed to the NASCAR realm, as River North resident Danica Patrick announced a deal with Edward Elmhurst Healthcare, which will be a major donor for the ‘Healthy Driven’ marketing initiative.

“NASCAR, Daytona International – growing – Chicagoland Speedway – growing as well,” Horrow said.

Watch the complete Sports Business Minute in the video above and follow Rick Horrow on Twitter @RickHorrow.

05 Feb

Daytona Renovation

Daytona Renovation 

With the Daytona 500 just weeks ago, International Speedway Corp is approaching a major milestone: the one-year countdown to the completion of Daytona Rising, the $400 million renovation of Daytona International Speedway.  At the conclusion of the redevelopment, the racetrack will have approximately 101,000 permanent seats, twice as many restrooms and three times as many concession stands.  Additionally, the Speedway will feature over 60 luxury suites with trackside views and a completely revamped hospitality experience for corporate guests.
Since the project broke ground in July 2013, builders have installed more than 470,000 bolts, 90,000 square feet of metal panel skin, and 20,000 tons of structural steel and miscellaneous metal.  At the project’s completion, the total amount of steel used will equal 1% of the U.S.’s annual steel output.  The renovation also will provide sponsors with more opportunities for activation.  Rolex, a longtime DIS partner, recently signed a multiyear extension with the track to continue as title sponsor of the Rolex 24 and buy naming rights to the track’s new lounge level.

More seen here: http://www.humankinetics.com/news/news/upcoming-daytona-renovation

22 Jan

Broadcast Schedule: Beyond The Medals – The Business of Sport

Beyond the Medals – The Business of Sport takes an in-depth look at the economic, political and social stories affecting the Olympic sports industry on the road to the Rio Olympics. In each episode, sports business expert Rick Horrow will provide comprehensive analysis of a different sports business issue through interviews and features with key industry leaders, governing bodies, athletes and corporate sponsors. A Universal Sports Original Production, Beyond the Medals – The Business of Sport not only examines the challenges and success stories surrounding Olympic sports, but it also takes a critical look at what these sports must do in order to thrive in today’s competitive market.

 

Beyond the Medals – The Business of Sport is co-executive produced by Universal Sports Network,Lagardère Unlimited and Horrow Sports Ventures.

Universal Sports Network Broadcast Schedule: Beyond The Medals – The Business of Sport

All Times Eastern -Subject to Change

 

Date              Time (ET)             Episode

Jan. 21          7:30 p.m.             Premiere – Episode 1: USOC

Jan. 21          11:30 p.m.           Encore Presentation – Episode 1: USOC

Jan. 22          3:30 a.m.              Encore Presentation – Episode 1: USOC

Jan. 22          1 p.m.                   Encore Presentation – Episode 1: USOC

Jan. 25          12:30 a.m.           Encore Presentation – Episode 1: USOC

Jan. 25          6 a.m.                    Encore Presentation – Episode 1: USOC

Jan. 27          1:30 a.m.              Encore Presentation – Episode 1: USOC

Feb. 18         7:30 p.m.             Premiere – Episode 2: Skiing

21 Jan

Beyond the Medals – The Business of Sport

Watch the premiere episode of Beyond the Medals – The Business of Sport on Wednesday, January 21 at 7:30 PM ET, followed by an encore presentations later that night at 11:30 PM ET and on January 22 at 1 PM ET. The next episode premieres on February 18 at 7:30 PM ET.

Just weeks following the U.S. Olympic Committee’s announcement that the City of Boston will bid for the 2024 Summer Olympics, USOC President Scott Blackmun speaks openly with Rick Horrow on the premiere episode ofBeyond the Medals – The Business of Sport airing this Wednesday, January 21, 2015 at 7:30 PM ET.