The recent holiday season provided an example of a consumer-driven "correction" taking place in the retail industry, Nike CEO Mark Parker told CNBC.» Read More
Anyone want to buy a football stadium? If you have the cash, you might be lucky enough to be the high bidder for the Pontiac Silverdome, where the Detroit Lions played for 26 years.
We told you in January about the plight of the chicken wing. The nation’s largest producer of wings filed for bankruptcy and the demand of the playoffs and the Super Bowl just drove prices through the roof, or so we thought.
In the history of sports marketing, there has never been a brand that has gone from zero to everything like SpongeTech, the infomercial sponge company that is now sponsoring at least 35 sports teams.
A company called Stadium Capital Financing Group is working with sports teams to sell tickets for the future –- as in decades. Fans can now buy tickets well into the future, something that appeals to teams because it provides them with financing without the debt. Here’s my interview with Stadium Capital Financing Group CEO Lou Weisbach.
Out of the more than 9,000 names we received as the wild card entry for the new Richmond minor league baseball team, only one person had our winner, the Richmond Hush Puppies. Twenty four hours after we announced our name, which will be one of six considered for team, we received a phone call from Jeff Dunn.
The United Football League kicks off tonight with the California Redwoods taking on the Las Vegas Locomotives at 9 p.m. ET on Versus. It’s hard enough to start a new football league from scratch and it’s even harder to do that during these trying economic times. I sat down with the league’s chief operating officer Frank Vuono.
Forest City Enterprises, presumably as part of their deal with Russian billionaire Mikhail Prokhorov for the New Jersey Nets, filed a 10-K amendment last month that provided the most inside look at a professional sports franchise I've ever seen.
Yesterday we told you that the new minor league baseball team in Richmond, Va., had graciously agreed to allow us to come up with a name for their team. The team had already asked fans their picks though the local paper, the Richmond Times-Dispatch, and came up with a top five list.
Last year, we found out just how much our readers loved minor league baseball logos. Our search to find the best logo in the minors - the Southern Illinois Miners - yielded more than 700,000 votes from our readers. So when we heard that the San Francisco Giants Double-A club, the Connecticut Defenders, were moving to Richmond, Va., we contacted the team's leaders to find out how much we at CNBC.com could be involved in the process.
Monday Night's game between the Minnesota Vikings and the Green Bay Packers has broken the record for the most watched sporting event on cable television.
There's a new company called Udorse. It allows you to get paid - in cash and in product - by companies whose products you wear in pictures you tag on social media sites.
NBA commissioner David Stern stopped by CNBC's "Worldwide Exchange" this morning to talk about NBA Europe Live, which features the Jazz and the Bulls tonight in London.
One of the most highly scrutinized pieces of spending by public companies during the economic downturn was sports sponsorship and bringing clients to live sporting events. And it made sense. Companies that said they used sports to do business didn’t do a particularly good job of publicly rationalize that spend.
An auction of Lenny Dykstra memorabilia today brought in more than twice the amount of original estimates.
Brazil wins another vote of confidence today when Rio de Janeiro was selected as the host city for the 2016 Olympic Games.
It's been a weird week, and we have a weird list of outrageously less-than-stellar performances in the world of business. Here are our nominees. Vote for your favorite in the poll below.
Here's my view: Obama would only make the trip if he knew Chicago was going to get it. Since his HC/Energy/Fin Reg Reform has stalled, the President needs a victory.
I'll start by saying that trying to handicap what city will win the Olympic Games is an idiotic exercise. Not all of the 106 voting IOC vote with rationale and sometimes the winner is a product of the order in which cities get eliminated and how those votes are passed on.
Tomorrow, Heritage Auctions will be selling Lenny Dykstra's World Series ring, his trophy, and other items he pawned a few months ago but never reclaimed.
There's usually plenty of buzz when a big sports book comes out, but it's rare that we ever follow up and find out how that book did.