DOCSLIB.ORG

Sports Industry Considerations

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Sports Industry Considerations 0 Houlihan Lokey Sports Industry Update Dear Clients and Friends, Houlihan Lokey is pleased to present its Sports Industry Summer 2020 Overview. We have included industry insights and select transaction announcements to help you stay ahead in the dynamic and constantly evolving sports sector. Driven by growing national and local media rights deals, digital platforms, and increased sponsorship monetization, recent years have witnessed several blockbuster acquisitions in the major U.S. professional sports leagues. We expect activity to remain high, especially for minority ownership stakes, for the foreseeable future as franchise assets remain scarce and institutional buyers enter the marketplace with increasing demand. In recent months, COVID-19 has sent shock waves through markets globally and captured the attention of the world. Since mid-February, COVID-19 has caused significant market disruption that is expected to continue for the foreseeable future. The sports industry has been particularly impacted with the cancellation of live sporting events, forcing sports leagues and franchises to reevaluate their business models for the duration of the pandemic. In recent weeks, leagues have begun to resume competition in empty stadiums, which has profound financial implications on teams’ operations and financial outlooks. We hope you find this update informative and that it serves as a valuable resource to you in staying abreast of the market. If there is additional content you would find useful for future updates, please don’t hesitate to call or email us with your suggestions. We look forward to staying in touch with you. Regards, Roy Kabla Brian Marler Ronald de Gier Kyle Corigliano Managing Director Director Senior Vice President Vice President Global Co-Head of TMT Group Head of Sports Valuation [email protected] [email protected] [email protected] [email protected] 212.497.4157 310.788.5374 212.497.4193 310.712.6548 Conrad Kolasa Marcos Melendez-Lluch Travis Schwartz Associate Analyst Analyst [email protected] [email protected] [email protected] 310.789.5713 310.788.5332 310.789.5793 1 Extensive Sports Franchise Clientele Houlihan Lokey has extensive experience within the professional sports industry. We have provided fairness opinions, valuation opinions, and other financial advisory services to numerous sports franchises and sports-related entities across all major U.S. leagues. These engagements and the experience of our bankers have enabled us to develop strong relationships with professional sports team owners. Major League Baseball National Basketball Association National Football League National Hockey League 2 Select Sports Transactions Houlihan Lokey’s professionals have unparalleled experience in advising sports franchises and sports-focused companies. a subsidiary of a subsidiary of has successfully completed the spin-off of Provided financial advisory services and a valuation opinion in connection with the purchase of has been acquired by Tribune Media’s 5% interest in has been acquired by Chicago Entertainment Ventures, LLC Houlihan Lokey provided financial opinions to the Board of Directors of both Twenty-First Century Fox and Fox Corporation. Sellside Advisor Sellside Advisor Financial Opinion Financial Opinion has been acquired by a subsidiary of has been acquired by We rendered a valuation opinion for tax & financial reporting purposes to The Topps Company regarding its has been acquired by sports & entertainment business Sellside Advisor Sellside Advisor Sellside Advisor Financial Opinion $275,000,000 $70,000,000 has completedsold substantially a financing all its assets, Series E Preferred Stock Series D Preferred Stock has successfully concluded a $28 million financing led by consistingpursuant to of Section 363 of the U.S. syndicated loan in the amount Bankruptcy Code, to of €50,000,000 $24,000,000 Series D Convertible Preferred Stock Financing Advisor Financial Advisor Placement Agent* Placement Agent* CompanyPlacement Advisor Agent Sample has been acquired by has been acquired by has acquired $15,000,000 Strategic Advisory Services DCC Environmental Limited has acquired Series B Preferred Stock from Strategic Advisor* Financial Advisor* Strategic Advisor Sellside AdvisorBuyside Advisor Financial Advisor* Tombstones included herein represent transactions closed from 2008 forward. *Selected transactions were executed by Houlihan Lokey professionals while at other firms 3 acquired by Houlihan Lokey. COVID-19 Impact on Professional Sports COVID-19 has dramatically changed the sports landscape. During the three months of quarantine in the U.S., many questions had remained unanswered; however, the recent outlook for many sports leagues is positive. NBA suspends season after player Tokyo 2020 Olympics postponed tests positive for coronavirus over coronavirus concerns — The New York Times — NBC News Can the sports industry survive Boston Red Sox could lose approximately $199 the coronavirus shutdown? million in gate receipts, MLB $2.86 billion with — Financial Times no fans or canceled season — MassLive.com Coronavirus could cost NBA $1 Premier League clubs prepare for billion, bring about record salary possibility of 2020–2021 season cap drop — The Washington Post behind closed doors — Sky Sports Unprecedented Times Many Americans first learned of the severity of the novel COVID-19 pandemic when the NBA suspended its season indefinitely on March 11 after several of its players tested positive for the disease. Other leagues and organizations—including MLB, MLS, the NHL, the PGA Tour, the NCAA men’s and women’s basketball tournaments, and the 2020 Olympics (later postponed until 2021)— quickly followed suit, either suspending their seasons or outright canceling their events. Sports Lockdown COVID-19 has led to a fairly bleak near-term outlook for sports. An analysis conducted by ESPN shows that the loss of sports will erase at least $12 billion in revenue and hundreds of thousands of jobs, which could more than double if fall sports such as the NFL and college football are canceled. Generally, the primary revenue components for sports leagues and franchises include match day, broadcasting, and other commercial revenues. With match day revenues at zero, this leaves broadcasting and other sponsorship arrangements as the sole source of income. Currently, it’s unclear whether networks will be required to pay rights fees with games shut down, but it appears to be a foregone conclusion that advertising revenues will be severely impacted. According to ad firm MediaRadar, COVID-19 could cause roughly $1 billion in lost advertising revenue for MLB, the NBA, and the NHL. “Our revenue in essence has dropped to zero,” NBA Commissioner Adam Silver recently stated. In the midst of team playoff pushes, the NBA and Silver have been at the forefront dealing with the economic fallout from COVID-19. One team’s executive mentioned that the total damage for the NBA could reach more than $1.2 billion, more than $40 million per team. On the other hand, the NFL has been relatively unscathed from COVID-19 thus far due to its lucky position in the calendar. The league’s fortunes were on display during the NFL Draft held in late April, when it was able to capitalize on the pent-up demand for live sports content by setting ratings records. High demand by advertisers, many of whom have been left looking for new programming from the suspension of other live sports, led to double-digit growth in ad revenue year over year. Sources: S&P Capital IQ, public filings, other publicly available information. 4 COVID-19 Impact on Professional Sports (cont.) European soccer has started As COVID-19 closes stadiums, giving up — The Wall Street municipalities struggle with billions Journal in debt — The Wall Street Journal Premier League clubs and Why major sports might risk players are at war. Both are comebacks during the pandemic losing — The New York Times — The New York Times Recent Events and Lasting Impact Even as countries and states begin to lift restrictions, the unpredictable duration of COVID-19 could force sports leagues to make adjustments to operating models to reflect the recommendations of health professionals (e.g., adjusting stadium infrastructure to support social distancing). Recently, Dr. Anthony Fauci, the Director of the National Institute of Allergy and Infectious Diseases (NIAID), discussed sports seasons in an interview with The New York Times. “If you can’t guarantee safety, then unfortunately you’re going to have to bite the bullet and say, ‘We may have to go without this sport for this season.’” However, both the NBA and NHL recently announced plans to resume seasons using fresh and innovative formats. The NBA recently approved a unique 22-team format hosted in Orlando, while the NHL plans to return with a round-robin format with 24 teams in two hub cities. The MLB is exploring a shortened season beginning in July but is currently entangled with the players union on specific contractual terms. The PGA Tour will restart its season without spectators beginning June 11. Meanwhile, in Europe, France’s Ligue 1 and Ligue 2 canceled the current season in April, while other UEFA leagues retained the optionality to resume. In fact, the German Bundesliga recently restarted its season with much success, despite empty stadiums. England’s Premier League, Italy’s Serie A, and Spain’s La Liga are scheduled to restart their respective seasons in mid-June, thus securing the lucrative remaining rights payments from broadcasters. While COVID-19
Load more

Recommended publications
  • OPPONENTS ATLANTA HAWKS Centennial Tower 101 Marietta St., Suite 1900 Atlanta, GA 30303 Phone: (404) 878-3800
    OPPONENTS ATLANTA HAWKS Centennial Tower 101 Marietta St., Suite 1900 Atlanta, GA 30303 Phone: (404) 878-3800 www.hawks.com Principal Owner & Chair of Board of Directors/NBA Governor Tony Ressler Head Athletic Trainer . Scottie Parker Vice Chair of Board of Directors . Grant Hill Head Strength & Conditioning Coach . Michael Irr Alternate NBA Governor . Steven Price Senior VP of Public Relations . Garin Narain CEO/Atlanta Hawks Basketball Club/State Farm Arena . Steve Koonin Senior Director of Media Relations . Jon Steinberg General Manager and Head of Basketball Operations . Travis Schlenk Manager of Media Relations . Jelani Downing Head Coach . Lloyd Pierce Team Colors . Torch Red, Georgia Granite Gray, Volt Green Assistant Coaches . Melvin Hunt, Chris Jent, Greg Foster, Home Court . State Farm Arena (16,600, 1999) Marlon Garnett, Matt Hill Radio . Steve Holman (WZGC/92 .9 The Game) Special Assistant to the Head Coach . Nate Babcock Television . Bob Rathbun, Dominique Wilkins, Executive Dir . of Athletic Performance and Sports Medicine . Chelsea Lane Andre Aldridge, Rebecca Kaple (FOX Sports Southeast) 2017-2018 SEASON SERIES (3-1) CLEVELAND CAVALIERS VS. ATLANTA -FIELD GOALS- -3-POINT FG-- -FREE THROWS- --REBOUNDS-- PLAYER G GS MIN FG FGA PCT FG FGA PCT FT FTA PCT OFF DEF TOT AST PF DQ STL TO BLK PTS AVG HI James 4 4 154 37 61 .607 5 15 .333 18 22 .818 5 25 30 61 13 0 5 14 4 97 24.3 26 Wade 2 0 55 14 30 .467 4 10 .400 12 14 .857 3 10 13 9 7 0 4 3 3 44 22.0 25 Korver 4 0 100 25 48 .521 20 38 .526 8 9 .889 2 10 12 3 5 0 1 7 3 78 19.5 30
    [Show full text]
  • Google Plan Leaves Digital Gap with White Neighborhoods Getting Ser- Google Offi Cials Say the Split Was Not Inclusion Program Manager
    FREELAND EYES EDITION PLAYOFF RETURN — SEE SPORTS, B1 GREATER PORTLAND PortlandTribuneTUESDAY, APRIL 1, 2014 • TWICE CHOSEN THE NATION’S BEST NONDAILY PAPER • PORTLANDTRIBUNE.COM • PUBLISHED TUESDAY AND THURSDAY Google plan leaves digital gap with white neighborhoods getting ser- Google offi cials say the split was not inclusion program manager. Experience in Kansas vice and traditional minority neighbor- intentional, but an inadvertent result To better overcome them, the hoods being left out. of how they let neighborhoods decide company has increased its efforts to City sours some on “Originally, the way Google provid- whether they want service. They point convince all potential customers about ed the service, there was a stark divi- to research that shows there are many the benefits of being online in this high-speed venture sion between the historic haves and reasons people don’t have — or want digital age. have-nots,” says Rick Chambers, exec- — high-speed Internet access, includ- “We are doubling down and really By JIM REDDEN utive director of the Center Education ing cost, perceived relevance, lack of working with communities,” says The Tribune Foundation, a nonprofi t organization computer skills and worries about Swanson. that raises money for schools with identify theft. As part of that effort, Andrew Bent- To hear Mayor Charlie Hales and large numbers of low-income students “The challenges are quite complex,” ley, a Google digital inclusion special- other local elected offi cials tell it, in Kansas City, Mo. says Erica Swanson, Google’s digital ist, recently came to Portland to learn everyone will benefi t if Google about the city’s community and other brings its ultra-high speed broad- organizations working to expand In- COURTESY OF KEITH MYERS/THE KANSAS CITY STAR band network to the region.
    [Show full text]
  • University of New Haven
    UUniversityniversity ooff NEW HAVEN 22008008 WOOMENMEN’S SOOCCERCCER BAALANCELANCE • PAASSIONSSION • SPPORTSMANSHIPORTSMANSHIP • LEEARNINGARNING • SEERVICERVICE • REESOURCEFULNESSSOURCEFULNESS University of New Haven Visit www.newhaven.edu or call 1-800-DIAL-UNH (342-5864), Ext. 7319 QUICK FACTS RESIDENTIAL LIFE Founded: 1920 Making you feel at home is a priority at UNH. Our on-campus Campus: Located in West Haven, Conn., 80 acres on a housing is available in 10 residence halls. A five-story, 400-bed hilltop overlooking Long Island Sound and the culturally rich city of apartment-style residence hall, with beautiful views of Long Island New Haven. A southeastern branch is located in New London, Sound, is set to open in fall of 2009. Residential Life staff members Conn. live in each hall and help promote an atmosphere conducive to Enrollment: 3000 undergraduate 5000 total enrollment study and social interaction among students. Residence Hall Student Ratio: 50% Male, 50% Female Councils, composed of students elected by their peers, plan social Geographic Distribution: 40 states and 53 countries and recreational activities and serve as representatives for students Diversity: 18% from minority groups (all categories) living in each hall. Room accommodations range from traditional residence halls (equipped with a fitness room and campus conven- FACULTY ience store) to multi-bedroom, apartment-style residences. Over 80% hold PhD’s or the highest degree in their fields. Many have backgrounds as working professionals and are consultants to Connecticut businesses, bringing hands-on experience to the The David A. classroom. UNH has a student-to-faculty ratio of 14:1. Beckerman Recreation Center, shown here ACADEMIC PROGRAMS opened in the UNH offers Associate’s, Bachelor’s, and Master’s Degrees in 4 Fall of 2007.
    [Show full text]
  • Huntington Launches Emergency Drone Program Granville
    TONIGHT Showers. Low of 48. Search for The Westfield News The WestfieldNews Search for “PThe WestfieldERFECT News Westfield350.com The Westfield 1792 — Miss Polly News ORDER IS THE Serving Westfield, Southwick, and surrounding Hilltowns “TFORERUNNERIME IS THE ONLY WEATHERAshley invited to “Dancing Assembly” OFCRITIC PERFECT WITHOUT TONIGHT HORRORAMBITION.”.” Partly Cloudy.in Northampton. JOHN STEINBECK —Search Carlos for The Fuentes Westfield News Westfield350.comWestfield350.orgLow of 55. The Westfieldwww.thewestfieldnews.comNews Serving Westfield, Southwick, and surrounding Hilltowns “TIME IS THE ONLY WEATHER VOL. 86 NO. 151 TUESDAY, JUNE 27, 2017 CRITIC 75 WITHOUT cents VOL.TONIGHT 88 NO. 97 FRIDAY, APRIL 26, 2019 75AMBITION Cents .” Partly Cloudy. JOHN STEINBECK Low of 55. www.thewestfieldnews.com OfficialsVOL. 86 NO. 151 address concerns withTUESDAY, Congamond JUNE 27, 2017 Road 75 cents By GREG FITZPATRICK According to Southwick DPW to the scene of the issue after receiv- As a result, the Massachusetts Correspondent Director Randy Brown, the contrac- ing calls from concerned residents. Department of Transportation, SOUTHWICK – The rainy con- tor for the project, Pereira “It was downright dangerous out who’s overseeing the project, had a ditions this past weekend caused Construction is hoping to put there on Saturday,” said Moglin. “It meeting with Brown, Southwick concern from Southwick town offi- asphalt on that section of was just the recipe for a bad time.” Police, and Pereira Construction cials about the Congamond Road Congamond Road in the next two When assessing the situation, earlier this week. project. or three weeks. Moglin noted that the water was “We’re really trying to make sure On the roadway in front of busi- “Once the asphalt is in, the road deep and vehicles traveling through that we’re all on the same page and nesses like Saunders Boat Livery is going to drain much quicker,” were trying to seek higher ground this doesn’t happen again,” said and Red Riding Hood’s Basket, rain said Brown.
    [Show full text]
  • National Basketball Association
    NATIONAL BASKETBALL ASSOCIATION {Appendix 2, to Sports Facility Reports, Volume 13} Research completed as of July 17, 2012 Team: Atlanta Hawks Principal Owner: Atlanta Spirit, LLC Year Established: 1949 as the Tri-City Blackhawks, moved to Milwaukee and shortened the name to become the Milwaukee Hawks in 1951, moved to St. Louis to become the St. Louis Hawks in 1955, moved to Atlanta to become the Atlanta Hawks in 1968. Team Website Most Recent Purchase Price ($/Mil): $250 (2004) included Atlanta Hawks, Atlanta Thrashers (NHL), and operating rights in Philips Arena. Current Value ($/Mil): $270 Percent Change From Last Year: -8% Arena: Philips Arena Date Built: 1999 Facility Cost ($/Mil): $213.5 Percentage of Arena Publicly Financed: 91% Facility Financing: The facility was financed through $130.75 million in government-backed bonds to be paid back at $12.5 million a year for 30 years. A 3% car rental tax was created to pay for $62 million of the public infrastructure costs and Time Warner contributed $20 million for the remaining infrastructure costs. Facility Website UPDATE: W/C Holdings put forth a bid on May 20, 2011 for $500 million to purchase the Atlanta Hawks, the Atlanta Thrashers (NHL), and ownership rights to Philips Arena. However, the Atlanta Spirit elected to sell the Thrashers to True North Sports Entertainment on May 31, 2011 for $170 million, including a $60 million in relocation fee, $20 million of which was kept by the Spirit. True North Sports Entertainment relocated the Thrashers to Winnipeg, Manitoba. As of July 2012, it does not appear that the move affected the Philips Arena naming rights deal, © Copyright 2012, National Sports Law Institute of Marquette University Law School Page 1 which stipulates Philips Electronics may walk away from the 20-year deal if either the Thrashers or the Hawks leave.
    [Show full text]
  • NHL MEDIA DIRECTORY 2012-13 TABLE of CONTENTS Page Page NHL DIRECTORY NHL MEDIA NHL Offices
    NHL MEDIA DIRECTORY 2012-13 TABLE OF CONTENTS PAGE PAGE NHL DIRECTORY NHL MEDIA NHL Offices ...........................................3 NHL.com ...............................................9 NHL Executive .......................................4 NHL Network .......................................10 NHL Communications ............................4 NHL Studios ........................................11 NHL Green ............................................6 NHL MEDIA RESOURCES .................. 12 NHL MEMBER CLUBS Anaheim Ducks ...................................19 HOCKEY ORGANIZATIONS Boston Bruins ......................................25 Hockey Canada .................................248 Buffalo Sabres .....................................32 Hockey Hall of Fame .........................249 Calgary Flames ...................................39 NHL Alumni Association ........................7 Carolina Hurricanes .............................45 NHL Broadcasters’ Association .........252 Chicago Blackhawks ...........................51 NHL Players’ Association ....................16 Colorado Avalanche ............................56 Professional Hockey Writers’ Columbus Blue Jackets .......................64 Association ...................................251 Dallas Stars .........................................70 U.S. Hockey Hall of Fame Museum ..249 Detroit Red Wings ...............................76 USA Hockey Inc. ...............................250 Edmonton Oilers ..................................83 NHL STATISTICAL CONSULTANT Florida
    [Show full text]
  • Barstool Sports' Dave Portnoy Graces Bryant with His 'Prez'ence
    Volume 78, Issue 2 Smithfield, RI September 24, 2010 Student Barstool Sports’ Dave Portnoy Affairs graces Bryant with his ‘Prez’ence By Fira Zainal as a result of his blog. welcomes Staff Writer Barstool Sports is also a good example of how a personal- Even if you’re not an avid ity can be injected into an en- two new sports fan, you more than trepreneurial endeavor. A likely have heard about business can be a means of staff Barstool Sports one way or expression just like a piece of another. Well this past Tues- art.” day on September 21st 2010, On another note, Dave members current Barstool Sports editor Portnoy also went into By Brittany Eagar and publisher Dave Portnoy Bryant’s own WJMF 88.7 The Assistant Public Relations (more famously known as El Beat of Bryant, which raked Manager Prez by Barstool fans) came in national attention accord- on campus courtesy of Bryant ing to Bryant student and DJ Samantha Hurd is now the University’s very own Colle- Ricky McLaughlin 12’. “El Middle Village Area Director, giate Entrepreneurs’ Organi- Prez is genuine. He says a position she is thrilled to be zation (CEO). what he means and means holding and hopes will help As a business school, it what he says. Although in her develop bonds through- came as no surprise that an person he didn't speak with out the Bryant Community. event such as this pulled in a a similar voice as on his blog, Having held positions previ- large number of people. The I don't think his blog is a ously at Roger Williams Uni- ‘CEO Brings Barstool Sports representation of a fake char- versity, St Cloud State to Bryant University’ event acter.
    [Show full text]
  • 214.222.3687 2500 Victory Avenue Dallas,Tx 75219 Oct. 1, 2015 for Immediate Release Melissa K
    Oct. 1, 2015 For Immediate Release Melissa Koehler 214.665.4218 [email protected] AMERICAN AIRLINES CENTER, DALLAS STARS AND DALLAS MAVERICKS ANNOUNCE MULTI-YEAR PARTNERSHIP WITH PIZZA HUT DALLAS, Texas - American Airlines Center, Dallas Stars and Dallas Mavericks announced today a multi-year agreement with Pizza Hut, designating the world's largest pizza company as the Official Pizza Partner of all three properties. As part of its partnership, Plano, Texas-based Pizza Hut will have use of team and arena trademarks across various marketing channels, including branded content, advertising and promotional materials. In addition to the marketing rights, Pizza Hut will have six in-arena concession stands within American Airlines Center, with four located on the plaza level and two on the terrace level. The stands will debut a premium 9-inch Hand-Tossed Pizza, available in cheese, pepperoni or sausage, as well as classic breadsticks and an Ultimate Hershey's Chocolate Chip Cookie. "Cultivating strong partnerships with North Texas-based companies has always been a top priority of the Dallas Stars business strategy," Dallas Stars Owner Tom Gaglardi said. "We are excited to bring a locally-based brand like Pizza Hut to American Airlines Center that we know that will provide our fans with a quality product. For almost 60 years, Pizza Hut has been one of the most recognizable and successful restaurant franchises around the world and we look forward to working with them for many seasons to come." "Pizza Hut is one of the most beloved brands in the world and to have them with us as our official pizza partner is very exciting and something we cannot wait to share with our fans," Dallas Mavericks Owner Mark Cuban said.
    [Show full text]
  • BOOTS and Bling
    St. FrAncis Episcopal Gala BOOTS and Bling. InterContinental Hotel 7:30 p.m. Cocktails, Auction, Entertainment 9:00 p.m. Welcome, Invocation, Live Auction, Appeal 11:30 p.m. Checkout *Silent Auction closes immediately after Live Auction *Big Boards begin closing thirty minutes after close of Live Auction A word from our trail bosses Howdy, and welcome to the St. Francis Boots and Bling Gala! On behalf of St. Francis Episcopal Day School’s more than 800 stu- dents and the congregation of St. Francis Episcopal Church, thank you for your support of this event and of the St. Francis community as a whole. We also extend our heartfelt gratitude to Maureen Graf, Kelli Weinzierl and their committee members—all of whom who have worked so diligently to make this a successful evening. Without the countless hours invested by our chairs, volunteers and staff, as well as the generosity of our underwriters and donors, none of this would be possible. Your participation in this year’s Gala and Auction makes a profound statement about the strength of our community’s commitment to St. Francis and the depth of your dedication to our collective mission and vision. We hope that—as you warm yourself by the campfires of fellowship and have a heapin’ helpin’ of good, clean fun—you tremendously enjoy this Gala With a Kick! 2 The Reverend Stuart A. Bates Susan B. Lair, Ph.D. 2011 Gala Sharpshooters Gala Co-Chairs Kelli Weinzierl and Maureen Graf We are thrilled to welcome you to the 2011 St. Francis Boots and Bling Gala.
    [Show full text]
  • 2015 NBA ALL-STAR TECHNOLOGY SUMMIT: Gametime the Waldorf Astoria, New York
    2015 NBA ALL-STAR TECHNOLOGY SUMMIT: GameTime The Waldorf Astoria, New York FRIDAY, FEBRUARY 13 7:30 a.m. – 8:30 a.m. Registration for Tech Summit and NBA Cares All-Star Day of Service / Breakfast Buffet 8:30 a.m. – 8:45 a.m. Welcome Ahmad Rashad (Host & Executive Producer; One on One with Ahmad Rashad, NBA TV) Opening Remarks Adam Silver (Commissioner, National Basketball Association) 8:45 a.m. – 9:25 a.m. Panel I: Gaming in a Digital Universe Moderator: John King (Chief National Correspondent; Anchor, Inside Politics, CNN) Panelists Jeanie Buss (President & Governor, Los Angeles Lakers) Simon Denyer (Chief Executive Officer, PERFORM) Nigel Eccles (Chief Executive Officer, FanDuel) Dan Gilbert (Majority Owner, Cleveland Cavaliers; Founder & Chairman, Quicken Loans, Inc.) Ted Leonsis (Founder, Chairman, Majority Owner & Chief Executive Officer, Monumental Sports & Entertainment) Irina Pavlova (President, Onexim Sports & Entertainment; Alternate Governor, Brooklyn Nets) Strauss Zelnick (Chief Executive Officer, Take-Two Interactive Software, Inc.) Description How do video games, fantasy sports and other types of gaming impact fan engagement – and what, if anything, could impede the growth of the gaming industry? 9:25 a.m. - 9:40 a.m. Break 9:40 a.m. – 10:20 a.m. Panel II: The Currency of Sports Moderator: Wolf Blitzer (Lead Political Anchor; Anchor, The Situation Room with Wolf Blitzer, CNN) Panelists James L. Dolan (Executive Chairman, The Madison Square Garden Company; Chief Executive Officer, Cablevision Systems Corporation) Arne Duncan
    [Show full text]
  • Chicago, Illinois Oregon Sports Angels
    NORTH AMERICAN SPORTSTECH REPORT NORTH AMERICAN SPORTSTECH REPORT #NASTR21 01 About this report A year like no other The eagle eye view No rest for the wicked We started our series looking back at the European Now onto the North American report. As always, we try to The pace at which SportsTech is growing is already SportsTech market and now it’s time to turn our aention to bring you the most important facts, figures and trends, this fascinating, but the different areas driving this growth makes North America. Our fall lineup of reports, Global VC, year with fewer pages but even more insights. And there are it almost impossible to keep up with. In only the last six FootballTech and FitnessTech, gave us an idea that 2020 was certainly some interesting ones. months we’ve seen Fitness, Being & NFTs breakout in a big not going to be the quiet year for SportsTech that we thought way. And that is without even considering the strong growth 2020 is projected to be the biggest year for investment in it would be at the height of the pandemic. But now, looking that Esports and Content have also seen during the SportsTech, crossing $2.4b aer a 15% adjustment for back on what was an incredibly unique year, quiet is the last pandemic. That’s a lot of rocket fuel for this ship, so team reporting lag. That's 10% more than the previous record of word we’d use. SportsTechX is certainly strapped in tight. Can’t wait to see 2018 and more than double 2019.
    [Show full text]
  • Project Claret
    Project Claret Preliminary Indicative Valuation Considerations May 25, 2014 043-001 Notice to Recipient Confidential “Bank of America Merrill Lynch” is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp., which are both registered broker dealers and members of FINRA and SIPC, and, in other jurisdictions, by locally registered entities. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed. These materials have been prepared by one or more subsidiaries of Bank of America Corporation for the client or potential client to whom such materials are directly addressed and delivered (the “Company”) in connection with an actual or potential mandate or engagement and may not be used or relied upon for any purpose other than as specifically contemplated by a written agreement with us. These materials are based on information provided by or on behalf of the Company and/or other potential transaction participants, from public sources or otherwise reviewed by us. We assume no responsibility for independent investigation or verification of such information (including, without limitation, data from third party suppliers) and have relied on such information being complete and accurate in all material respects.
    [Show full text]