Teenagers who have grown up with eBay and the Internet have learned to trade designer sneakers, sometimes earning a profit in the process. NYT reports» Read More
The New York Yankees didn't want to have to go back to New York for a Game 6, but by virtue of them losing to the Phillies last night, they'll be guaranteed about $1.8 million.
Yesterday, I wrote an article about New York City Marathon men's winner Meb Keflezighi. And it had a shortcoming. It simply didn't account for the fact that virtually all of Keflezighi's running experience came as a US citizen.
This afternoon, Tom Ricketts was formally announced as the new owner of the Chicago Cubs, 942 days after Sam Zell said he would be selling the club. We sat down with Ricketts and talked to him about the future of owning the Cubs.
When you think of blue chip brands, chocolate companies aren't the first thing that come to mind. But it always seemed like a natural for Roger Federer, the world's best men's tennis player, to sign a deal with Lindt, the top chocolate brand based in his native Switzerland that has been trying to expand its popularity outside its European stronghold.
Stifled by the reality of a new marketplace created by the economic crisis, the New York Jets announced on Wednesday that they would be dropping season ticket prices for one club section in the new stadium next year.
Many people who got into the baseball card and memorabilia business in 1989, like Marshall Fogel did, have come to regret it today.
When Sam Zell announced he'd be selling the Chicago Cubs in 2007, many had speculated that the winning bid would be in the $1 billion range. But that didn't account for the fact that during the long drawn out negotiations, a huge economic crisis would hit, freezing up credit markets and making financing for a prospective owner a harder task.
Former Dodgers CEO Jamie McCourt has filed for divorce from her husband of 30 years, Dodgers owner Frank McCourt. In what promises to be a very bitter proceeding, Mrs. McCourt cites irreconcilable differences, and is seeking hundreds of thousands of dollars a month in spousal support.
Lenny Dykstra's bankruptcy case has been converted from a Chapter 11 reorganization to a Chapter 7 liquidation. Judge Geraldine Mund said bluntly, "Right now it looks like everything is under water."
On the books, the New York Yankees usually don't turn a profit. That's because the organization itself has a hard time making up for what amounts to $100 million or more it has to give up from revenue sharing and luxury tax payments.
The back and forth battle between Swiss billionaire Ernesto Bertarelli and American billionaire Larry Ellison doesn’t seem to be getting any closer to resolution.
In the last 20 years, the average distance between two World Series opponents has been 1,040 miles. That's equivalent to about a three-hour plane flight. Get a seven-game series and the flights back and forth can not only be time consuming but costly.
The rights to the improbable story of two kids from Indian villages, who won a pitching contest without even knowing the rules of baseball and were eventually drafted, have been acquired by Sony.
You couldn't find people to buy Alex Rodriguez collectibles in February, after he was outed for using performance-enhancing drugs. Seven months later, it's a complete reversal.
It has been two months and 10 days since the Philadelphia Eagles signed Michael Vick. So how is Vick doing from an image standpoint?
Since we reported that adidas wasn't OK with Marcus Jordan wearing his dad's shoes while playing for UCF this year, we've learned a little bit more about the faceoff between the university and the shoe brand that has a deal with the school through 2010.
Sports teams have been plenty creative during this rough economic time, but something they haven’t done is give away tickets.
The headline in the Wall Street Journal this morning was certainly baffling: “Mets Win One: Owners Made Money Off Madoff.” The reporters did a great job of unearthing the fact that a recent bankruptcy court filing revealed that two accounts associated with the Mets Limited Partnership MADE $48 million off Madoff.
The New York Times recently had a story on Brand Affinity Technologies. It’s a company that seeks to match up corporations and athletes for endorsement deals four days or less. Right now the business is mostly online, so a company can pick an athlete and, if the deal is accepted, that athlete’s name and likeness can be in the ad almost immediately.
The fight over the feet of Michael Jordan's son is not over. Last Thursday, Marcus Jordan, the Hall of Fame guard's younger son, told the media that he'd honor the University of Central Florida's contract with adidas by wearing all the apparel with adidas logos on it. He would not, however, take the court in the shoes. Citing family pride, Marcus said he would be in Nike's Air Jordans, named after his father, of course.
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