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LA28 to break longstanding tradition with corporate venue names at Games

LA28 to break longstanding tradition with corporate venue names at Games

Yahoo3 hours ago
For the first time in Olympic and Paralympic history, competition venues will carry corporate names during the Games, breaking from the long-standing 'clean venue' tradition.
That policy, also enforced at other mega-events like the Fifa World Cup, requires stadiums and arenas to strip or cover all non-official sponsor branding, including naming rights signage. The aim is to protect the exclusivity of global partners who pay millions for official status. In past events, Arsenal's Emirates Stadium became 'Arsenal Stadium' for Uefa matches, and New Jersey's MetLife Stadium will be known as 'New York New Jersey Stadium' during the 2026 World Cup.
Related: Trump announces he will chair White House taskforce for 2028 LA Olympics
The shift follows years of debate inside the IOC. Former president Thomas Bach had signaled a move towards a 'clean field of play' rather than a blanket 'clean venue' policy, opening the door for more sponsor visibility around the Games. LA28 chair Casey Wasserman said naming rights are 'truly embedded' in the US sporting culture and that many venues are already commonly known by their sponsor names.
LA28 announced Thursday that Comcast and Honda will be the first naming rights partners under an IOC-approved pilot program designed to generate additional revenue for the privately funded Los Angeles Games. Comcast Squash Center at Universal Studios will stage squash's Olympic debut. Honda Center in Anaheim, home to the NHL's Ducks, will host indoor volleyball while keeping its corporate name. Other permanent venues with existing naming deals, including SoFi Stadium, Intuit Dome, Crypto.com Arena, BMO Stadium, Peacock Theater and Devon Park in Oklahoma City, could retain their titles if their sponsors purchase the rights.
'From the moment we submitted our bid, LA28 committed to reimagining what's possible for the Games,' Wasserman said. 'These groundbreaking partnerships with Comcast and Honda, along with additional partners to come, will not only generate critical revenue for LA28 but will introduce a new commercial model to benefit the entire Movement. We're grateful to the IOC for making this transformation possible.'
Under the program, up to 19 temporary venues will also have naming rights available to worldwide and LA28 partners, with the first opportunities going to members of the Olympic Partner (TOP) program. TOP sponsors will have first choice on temporary venues, followed by LA28's highest-tier domestic sponsors. Any company outside that group would need to sign on as a founding partner to gain rights. Wasserman has estimated the total value could reach nine figures, depending on the venue and location.
Historically, the 'clean venue' policies have meant significant losses for venue sponsors. Marketing analysts estimate that losing naming rights exposure at a World Cup can cost between $5m and $9m for early matches, rising to $80m for the final. For 2026, Fifa has told host cities to hand over full control of their stadiums for more than a month, with all non-sponsor logos removed or covered, even on equipment and roof signage.
An IOC statement described the LA28 plan as a 'pilot' that will be 'assessed for relevancy for future hosts'. It said the approach 'takes into account market realities of venue naming and generates critical revenue to stage the Games' while maintaining the principles of clean venues on the field of play.
The move underscores the growing commercialization of the Games as organizers seek new funding models. LA28 will be the first US Summer Olympics in more than 30 years and aims to rely entirely on private financing to meet its estimated $7.1bn budget. Outside the new naming rights program, standard clean venue rules will still apply.
The Games run from 14 to 30 July, followed by the Paralympics from 15 to 27 August.
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Why you're probably better off just avoiding Rashee Rice in your fantasy football drafts this season
Why you're probably better off just avoiding Rashee Rice in your fantasy football drafts this season

Yahoo

time3 minutes ago

  • Yahoo

Why you're probably better off just avoiding Rashee Rice in your fantasy football drafts this season

The 'will he, won't he' nature of Rashee Rice's potential and inevitable suspension saga took another turn Thursday morning. ESPN's Adam Schefter reported that Rice's disciplinary hearing with the NFL will take place on Tuesday, Sept 30 in New York, which means his suspension would only begin sometime after that date. When Rice entered into a plea bargain stemming from the 2024 multi-car crash in Dallas back in July, fantasy gamers assumed the NFL's disciplinary process would begin soon and Rice would serve his suspension — estimated anywhere from four to eight games — at the start of the season. That's now completely out the window, as he'll be eligible to play in the first four games of the 2025 NFL season. Those matchups include a Week 1 Brazil game with the Chargers, a Super Bowl rematch with the Eagles in Kansas City, a trip to New York vs. the Giants and a home game against the Ravens. [Join or create a Yahoo Fantasy Football league for the 2025 NFL season] Beyond the fact that this has been a super laborious and drawn-out disciplinary process for someone who deserves immense scrutiny for what he did, this is straight-up bad for fantasy drafters considering Rice. I firmly believe fantasy content creators have gotten too over-focused on 'the weeks that matter' toward the end of the season rather than hammering how important it is to win in September, as I outline in my Draft Day Blueprint mega-article. However, it's objectively true that the easiest time to fill in the gap around a suspended or injured player is earlier in the season. There are no bye weeks to consider, you haven't sustained injuries yet and the most appealing waiver-wire heroes are often made apparent in the first few weeks of the year. Essentially, you have your whole lineup at your disposal to fill in the gaps. 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That seemed more than fair enough of a risk/reward proposition for a player who has been ultra-productive in a terrific offensive ecosystem. Since he entered the league in 2023, Rice has been targeted on 27.4% of his routes, sixth-most among wide receivers who have run 300-plus routes, and ranks seventh in first downs per route run. I do have my concerns about Rice holding up to that level of production long-term, given that he doesn't have the complete WR1 skill set as a man-coverage-beating or downfield receiver that every other name in the top 10 of those two metrics brings to the table. The YAC-based zone-beaters who struggle to beat man coverage can be susceptible to environmental changes more than traditional WR1s. Just look back to JuJu Smith-Schuster's rise and fall for an example of this; I think they're incredibly similar players. However, that's more of a dynasty concern. 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I won't sink Rice past that 120 overall range or anything like that, but a big dip into the 90s and outside the top-40 wide receivers feels appropriate. There's likely a way to take Rice, start him in the first four weeks and insulate your wide receiver corps with the deep pool of WRs this year to make up for his absent weeks. However, I question if the reward of such a pursuit is as great as the fantasy community may imagine. That's because there is another significant risk factor to Rice's profile that we haven't touched on here yet — and is way too often ignored in the fantasy circles. Rashee Rice is coming off a major injury that ended his 2024 season after less than four games. One of the (slightly galaxy brain) takes in some circles of the fantasy community over the last month — when Rice pled guilty in July — was that missing the first few games of the season may actually be good for Rice. 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It took no time at all when turning on the film in September to see that, while there was a wide receiver out there wearing No. 3 for the Houston Texans playing a normal snap count, that guy didn't play anything like the Tank Dell we saw cut through secondaries as a rookie before going on IR with a lower body injury. Dell eventually returned closer to form as the year wound down, but this still provides a cautionary tale when discussing Rice's projections early in 2025. We act like these guys are names on a spreadsheet, or players in Madden. They're not. Just because they're out there on the field doesn't mean they are capable of performing at their normal level when working back from something significant. Sometimes, it's the year after the year following the injury. Rice's 'ramp up back to normal in-game performance' phase could be in the first four weeks when he's eligible to play and is then whisked away from your lineup the moment he's turning the corner. That's not to mention how coming back from an injury like this may, at best, temporarily sap some of his explosiveness early in the season, which is troubling for a wideout who doesn't win down the field with nuance or separation, but rather as a hammerhead with speed and power in the open field. Maybe all of that worry is for naught and he's fantastic in the first four weeks of the season. That's within the range of outcomes. However, the risk is present and I don't see any of that discussed in the analysis of him from a fantasy standpoint, nor is it at all baked into either his current ADP or even where he was going in best-ball drafts prior to the July plea bargain. Rashee Rice is one of the riskiest propositions on the board in fantasy football drafts this year. It would be one thing if it were a simple four-game suspension to start the year. It's not. 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Advance Auto Parts Tumbles On Weak Outlook, Margin Concerns
Advance Auto Parts Tumbles On Weak Outlook, Margin Concerns

Yahoo

time3 minutes ago

  • Yahoo

Advance Auto Parts Tumbles On Weak Outlook, Margin Concerns

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Arsenal learn u18 Premier League Cup group stage draw
Arsenal learn u18 Premier League Cup group stage draw

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Arsenal learn u18 Premier League Cup group stage draw

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