Latest news with #EbenNovy-Williams
Yahoo
22-05-2025
- Business
- Yahoo
Sporticast 451: Will NFL Players Dominate Olympic Flag Football?
On the latest Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams discuss some of the biggest sports business stories of the week, including the latest with the NFL and flag football's inclusion in the 2028 Los Angeles Summer Olympics. NFL owners voted this week to allow active players to take place in the sport's Olympic debut in Los Angeles. It opens the door for a maximum of one player from each team to play in the team representing the U.S. It's part of a push by the NFL to make the flag version of football a more viable commercial entity, and a more viable participation sport. That's especially true among young women and international populations, two growth areas for the world's richest sports league. Advertisement More from The hosts talk about whether NFL players would be the best performers in flag football. The Olympics 3×3 basketball did not use active NBA players, and many felt the U.S. team, which did not reach the knockout round in the 2024 Olympics, would have been better if it had. On the other hand, the two best singles tennis players in the world almost certainly wouldn't be the best doubles team at the Olympics. Regardless, NFL participation will be a big marketing boost for the sport. Before that, the hosts discuss TGL expansion. The golf league launched last year by Tiger Woods, Rory McIlroy and TMRW Sports just added an expansion team in Detroit, backed by the owners of the Lions and the Broncos. The group paid more than $70 million for the team, Sportico reported this week. Teams that made their debut last year were sold in the $30-$35 million range. The hosts also talk about the Fanatics Games, a blend of Pros vs. Joes and MrBeast's YouTube channel; the good (big ratings) and bad (social race-baiting) about the WNBA's opening weekend; and the sale of LiveBarn, the youth sports streaming platform whose backers include Susquehanna and Ares. Advertisement (You can subscribe to Sporticast through Apple, Google, Spotify, YouTube, or wherever else you get your podcasts.) Sign up for Sportico's Newsletter. For the latest news, follow us on Facebook, Twitter, and Instagram.
Yahoo
26-03-2025
- Business
- Yahoo
NBA team owners reportedly considering launching European league, will discuss proposal this week
NBA team owners are expected to vote this week on an initiative to launch a professional basketball league in Europe, Sportico's Scott Soshnick and Eben Novy-Williams reported Tuesday. The proposed league would be comprised of eight to 10 teams and aims to expand basketball's presence across Europe and capitalize on the sport's popularity by being more involved in the economics of its growth overseas. The NBA estimates that the market for basketball in Europe and the Middle East could generate up to $3 billion in annual revenue. Franchises in cities such as London or Paris could sell for at least $500 million, according to Sportico. The NBA's league would sell permanent franchise openings to outside investors — such as sovereign wealth funds, private capital, individuals with capital or even current European basketball clubs. Under that arrangement, the NBA would hold 50% of the team's equity and new owners hold the other 50%. It's a model similar to that used for the WNBA until that league was able to raise outside capital in 2022. 🚨 BREAKING from @Sportico 🚨 NBA owners are set to vote this week on a plan to launch a pro basketball league in Europe 🏀🌍 — Lev Akabas (@LevAkabas) March 25, 2025 The NBA's European league could also operate under a "semi-open" model that would create spaces for top EuroLeague teams — for instance, FC Bayern Munich of Germany or Spain's Real Madrid — to join the NBA venture during the following year. This initiative is separate from the international basketball league seeking $5 billion from investors that's being advised by Maverick Carter, LeBron James' business partner, that aspires to be "an F1 for basketball" and not a direct competitor to the NBA. NBA team owners have discussed opportunities in Europe for the past year and the league has launched previous business deals in China and Africa, and played regular season games in London and Paris. Meanwhile, international players including three-time NBA MVP Nikola Jokić, two-time MVP Giannis Antetokounmpo, Luka Dončić and Victor Wembanyama have become huge stars in the league and grown the NBA's popularity overseas. The owners are scheduled to discuss the European league proposal this week during league meetings in New York City. No formal vote is scheduled during the meetings, but one could be made by the league's board of governors at any time, according to Sportico.
Yahoo
25-03-2025
- Business
- Yahoo
NBA team owners reportedly considering launching European league, scheduled to vote on proposal this week
NBA team owners are expected to vote this week on an initiative to launch a professional basketball league in Europe, Sportico's Scott Soshnick and Eben Novy-Williams report. The proposed league would be comprised of eight to 10 teams and aims to expand basketball's presence across Europe and capitalize on the sport's popularity by being more involved in the economics of its growth overseas. The NBA estimates that the market for basketball in Europe and the Middle East could generate up to $3 billion in annual revenue. Franchises in cities such as London or Paris could sell for at least $500 million, according to Sportico. The NBA's league would sell permanent franchise openings to outside investors — such as sovereign wealth funds, private capital, individuals with capital or even current European basketball clubs. Under that arrangement, the NBA would hold 50% of the team's equity and new owners hold the other 50%. It's a model similar to that used for the WNBA until that league was able to raise outside capital in 2022. 🚨 BREAKING from @Sportico 🚨 NBA owners are set to vote this week on a plan to launch a pro basketball league in Europe 🏀🌍 — Lev Akabas (@LevAkabas) March 25, 2025 The NBA's European league could also operate under a "semi-open" model that would create spaces for top EuroLeague teams — for instance, FC Bayern Munich of Germany or Spain's Real Madrid — to join the NBA venture during the following year. This initiative is separate from the international basketball league seeking $5 billion from investors that's being advised by Maverick Carter, LeBron James' business partner, that aspires to be "an F1 for basketball" and not a direct competitor to the NBA. NBA team owners have discussed opportunities in Europe for the past year and has launched previous business deals in China and Africa, while international players including three-time NBA MVP Nikola Jokić, two-time MVP Giannis Antetokounmpo, Luka Dončić and Victor Wembanyama have become huge stars in the league and grown the NBA's popularity overseas. The owners are scheduled to vote on the European league proposal this week during league meetings in New York City.
