Latest news with #ColeGahagan
Yahoo
18-07-2025
- Business
- Yahoo
Apple races ahead in epic $150M F1 media rights bid
Apple (AAPL) is putting their pedal to the metal in their race for F1 media rights. This week on Yahoo Finance Sports Report, host Joe Pompliano takes a look at some of this week's biggest headlines in the sports business world that you and your portfolio need to know. From Apple's $150 million bid for Formula 1 media rights to FanDuel's $31 billion valuation, sports business is being transformed by big financial plays. Yahoo Sports Senior Writer Frank Schwab joins the show to talk about NFL training camp and what to expect for the league heading into the 2025-26 season. Plus, Learfield CEO Cole Gahagan stops by to discuss college sports marketing and how Learfield is helping schools build revenue in a world of NIL, stadium naming rights, athletic fees, and more. Yahoo Finance Sports Report with Joe Pompliano, a vodcast brought to you by Yahoo Finance and Yahoo Sports, looks beyond the latest sports business headlines, analyzes all the need-to-know news - the teams, trades, and billion dollar deals - so you and your portfolio will win BIG. Related videos Warren Buffett has set alarm bells ringing on Wall Street These 4 FTSE 100 stocks are currently yielding more than 8%! Restaurants suffer 'devastating' job losses after Reeves tax raid Workers could access pension savings at any age under Labour Yahoo Finance Sports Report is developed and produced by Lauren Pokedoff. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New York Times
30-06-2025
- Business
- New York Times
Georgia closes NIL collective as revenue sharing begins. New plan could become norm
Georgia is ending its collective, but the Bulldogs are partnering with an outside organization to form a new outlet that will focus on name, image and likeness deals for football and other players. The move is in advance of the House settlement going into effect Tuesday. The settlement allows schools to directly pay athletes, starting with $20.5 million for all athletes, but any outside NIL deals worth more than $600 have to be approved by a clearinghouse, which is run by the Deloitte accounting firm. Advertisement Georgia's outside NIL deals will now be done through Learfield, which has worked with Georgia's athletic department, and many others, on licensing and marketing deals. Learfield is also set to work with Ohio State, in a similar arrangement announced several weeks ago. Learfield is expected to hire a staff of around five people specifically for Georgia's NIL deals. 'This approach is about creating a standardized process and capitalizing on the NIL momentum at Georgia as the recent House settlement ruling goes into effect,' Learfield president Cole Gahagan said in a statement. 'By consolidating all NIL efforts together, we're establishing a full-service platform that makes it easier for brands to engage, for fans to support, and for student-athletes to maximize their potential through impactful storytelling and strategic partnerships.' Georgia's collective, the Classic City Collective, was formed several years ago and had been raising money to directly pay players while also helping negotiate NIL deals. Last year the collective paid players an average of $1.1 million per month, multiple program sources briefed on the operations of Georgia's collective previously told The Athletic. That figure, about $13.2 million for the season, is roughly in line with what Georgia will pay football players in revenue sharing. Most schools are paying football players 75 percent of the revenue sharing budget. (Schools can count new scholarships in revenue sharing, so it's 75 percent of $18 million, which is $13.5 million.) But there were NIL deals for several players that were outside the collective, and the payments for players are expected to only increase, especially among top-tier programs. So Georgia is working with Learfield to negotiate NIL deals that will pass muster with the new clearinghouse. Advertisement 'Our student-athletes are already among the most competitive in the country,' Georgia athletic director Josh Brooks said in a statement. 'Now, they'll have the infrastructure and support to maximize their NIL potential while strengthening their connection with the Bulldog Nation and beyond.'
Yahoo
22-05-2025
- Business
- Yahoo
College Athletes' Controversial NIL Deals
In 2021, College Sports changed forever when the NCAA allowed student athletes to make money using their name, image and likeness - known as NIL. According to one study - the total NIL market is projected to reach nearly $1.7B this year. Bloomberg Open Interest takes a deep dive into the controversial sponsorships with Learfield CEO Cole Gahagan. Learfield is a sports marketing company which represents over 200 division 1 colleges and and has helped over 2,000 athletes secure NIL sponsorships Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
20-05-2025
- Business
- Bloomberg
College Athletes' Controversial NIL Deals
In 2021, College Sports changed forever when the NCAA allowed student athletes to make money using their name, image and likeness - known as NIL. According to one study - the total NIL market is projected to reach nearly $1.7B this year. Bloomberg Open Interest takes a deep dive into the controversial sponsorships with Learfield CEO Cole Gahagan. Learfield is a sports marketing company which represents over 200 division 1 colleges and and has helped over 2,000 athletes secure NIL sponsorships (Source: Bloomberg)
