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Posts Tagged ‘sports economics/finance’

Michael Jordan is reportedly interested in buying a majority stake in the Charlotte Bobcats. MJ is already a minority owner with Bob Johnson retaining majority ownership in the team. Johnson is the founder of BET and purchased the rights to the expansion team for $300 million in 2003. Jordan’s official title is Managing Member of [...]

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ESPN is going to put the online website for ESPN the Magazine behind a paywall. The transition will take place this summer.
Of course, anyone who is familiar with ESPN.com knows that the magazine’s online presence accounts for only a very small portion of ESPN’s content. AllThingsD.com say that ESPN reps tell them that it is [...]

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Robert Johnson, the owener of the Charlotte Bobcats, is making a push to find prospective buyers. The search is spearheaded by Galatioto Sports Partners, Galatioto began an active campaign just a few weeks back to identify potential buyers for the NBA franchise in Charlotte.
Sounds gamerous; being the owner of an NBA franchise. However, the Bobcats [...]

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Chief executive officer Brian L. Roberts said in response to a question at the cable company’s annual shareholder meeting yesterday morning that Comcast Corp. has no plans to sell its majority ownership stakes in the Sixers and Flyers due to the weak economy.
He also stated during the meeting that the company has about $31 billion [...]

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The Giants have installed a new $1 million VoIP telecommunications system from ShoreTel at AT&T Park. Iironically they abondoned their old system which was provided by, yes, AT&T.
The old system cost the team $490,000 per year to run. On the other hand, the new system at the ballpark will run the team just $135,000 a [...]

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