Joe Lacob bought the Golden State Warriors in 2010 for $450 million, and discussed the similarities between building a startup as well as an NBA team, with CNBC's Josh Lipton.» Read More
While the publicity for the book, whose official release date next Tuesday, has thus far been about the salacious details — Chris Berman doesn't know who Bill Simmons is, Keith Olbermann freely describes his tense relationship — the genius of the book are the little surprises that come at least once every 10 pages.
Dick Ebersol, the head of for the last 22 years, left the network on Thursday after he could not come to terms on a new contract.
N.Y. Jets owner Woody Johnson is "positive" there will be a 2011 football season, he told CNBC Thursday.
The world of sports gambling tout services is rife with problems. Bettors pay for advice on how to place a wager and then find out the tout service is telling another bettor to take the opposite side. By doing it that way, you’ll at least have half of your customers happy. Adam Meyer knows of the reputation of his business and he has what he thinks is his greatest marketing ploy.
Kevin Durant fans seemed to be up in arms with me on Twitter when I said that I thought the Oklahoma City Thunder forward needed a bit more personality to be more marketable. Durant does have deals with Nike, Gatorade, Panini, EA Sports, Skullcandy headphones and Degree Men, but I thought the small market and a reserved demeanor didn't exactly make him stand out besides his amazing on the court performance, that is.
Tonight, the Washington Nationals sold tickets for $1 to their game against the Pirates. Tomorrow, the team is selling a limited amount of tickets for $2. We're in the middle of May now and there are nine parks in Major League Baseball this year that are averaging crowds that fill less than half their ballpark. Most seem to be disinterested to do what it takes to fill the stands.
Several prominent agents have told their players not to do a stitch of working out as the NFL lockout continues. No lifting weights. No pickup basketball games. It's smart advice if the players want to make sure they're guaranteed their money for next season, if that season ever comes. When players get hurt during team-sanctioned mini-camps, they are covered. Any injury that they suffer still guarantees them the money that they are owed for that season.
There are some products that just make you go, “Wow, that’s smart! I wish I’d thought of that.” Maybe they solve a common problem, maybe they were invented by a kid. Here are 10 of those products, some of which made the inventors a ton of money!
Managing labor issues for the major sporting goods brands is a challenge. They often get their goods made in Asian countries that sometimes have no union support at factories that are charged with making many brands.
Tiger Woods didn't win another tournament yesterday. In fact, he bailed after shooting +6 after his first nine holes. This morning, we sat down and talked to PGA Tour Commissioner Tim Finchem about Tiger and the Tour.
On the surface, the idea seems absolutely insane. A drink brand chooses to branch out into another business and it chooses, of all spaces, media.
If Animal Kingdom goes on to win the Triple Crown, his stud value could hit $50 to $60 million. But, aside from reproduction, there are other ways the horse could pay dividends: Tourism.
On Tuesday at five Beef O'Brady's in Florida and Mississippi, patrons got to drink free beer for an hour, thanks to a special promotion. Turns out that each day of the NFL lockout is worth an extra minute of free suds.
You can now take your talents to South Beach, thanks to LeBron's Heat teammate Dwyane Wade. Wade, a brand Jordan endorser, is hoping to fill the high-end fantasy camp void now that Jordan himself has temporarily shelved his Michael Jordan Senior Flight School as he focuses his attention on the team he owns, the Charlotte Bobcats.
Every once in a while, a story comes full circle years later. In 2009, I went to the Fasig-Tipton sale to do a story on depressed horse sale prices, due to the economy. When we were doing one of our segments, we asked for a horse to stand in the background. Today, I received this note from Mark J. Reid Jr.
The dimples on the Polara create a straighter and lower trajectory, but the ball does not conform to the official rules of golf, the New York Times reports.
Marc Haisfield was at a friend’s house in Florida watching the Kentucky Derby when he saw Animal Kingdom emerge at the quarter pole. “There’s no question he’s winning this thing,” his friend said to him. Seconds later, the horse was the winner of the 137th running of the Kentucky Derby. Haisfield doesn’t own Animal Kingdom, but he does have a tremendous stake in the horse’s success.
Lenny Dykstra, an outfielder for the New York Mets and Philadelphia Phillies known by the nickname "Nails," has been indicted for bankruptcy fraud and embezzlement from the bankruptcy estate.
Although it's still a rich person's game, return on investment — the average horse in the race cost $175,000 — striking it rich if your horse does well is easier.
Just a decade ago, sports drink consumers pretty much had one Gatorade option — full calorie Gatorade. Brand managers at the time reasoned that the formula for the masses didn't need to be changed. The Gatorade formula designed by four University of Florida doctors in 1965 was still perfect athletes of all shapes and sizes. But the business quickly changed.
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