Sport & Story Daily July 16, 2024

Dollar Discrepancies

July 15, 2024

Good morning! From Athlete to Entrepreneur

The Open gets minimal prize money increase amid golf sustainability fears
R&A is concerned about the impact on financial sustainability and the perception of golf. The winner at Royal Troon will receive a record $3.1 million in prize money, which is an increase of $100k. Although, Rory McIlroy admitted he is “sick” of the talk of money in men’s professional golf.
McIlroy said, “They (fans) want to watch good golf and watch people compete against each other. The fans don’t care if you’re making this or this guy is on US$200,000 a week, it just doesn’t resonate to them.”
^{SportsPro Media}

Yankees Tally $257.6 Million In Ticket Sales Through June
In just the first three months of the 2024 season, the Yankees made $257.6 million in ticket sales. The club sold more tickets since the start of the calendar year than it had at this point in 2023, totaling $162 million. Before the team’s home opener, they had sold $199 million in tickets.
^Sportico

US Olympic fundraising team sets audacious goal of raising $500 million by 2028
The 2028 Olympics is already in the talks when it comes to money. The fundraising arm is revving up a donation drive to raise $500 million before the 2028 Los Angeles Summer Olympics. Team USA doesn’t receive government funding and relies on fundraising (12% in 2022), sponsorships (50%) and broadcast royalties from NBC (37%).
^{AP Sports}

‘We must hope for a miracle’: How a failed TV deal has put France’s Ligue 1 in crisis mode
Ligue De Football Professionnel (LFP) fails to sell the domestic broadcast rights to Ligue 1, the top division of French club football. The 2024-25 season starts in just over a month. LFP president Vincent Labrune hoped to spark a bidding war involving current broadcast partners Amazon Prime and Canal+, as well as Qatar-based beIN Sports, British sports streamer DAZN and potential U.S. media giant Apple. The two potential options on the table for LFP are DAZN or launching its own channel with Warner Bros Discovery.
^{The Athletic}

New Manchester United Owner Admits He Hasn’t Focused on Women’s Team Yet
Jim Ratcliffe has been in charge of Manchester United for six months and has his focus on the men’s team over the women’s team.
“We haven’t gone into that level of detail with the women’s football team yet,” he said. “We’ve been pretty much focused on how do we resolve the first-team issues, in that environment, and that’s been pretty full time for the first six months.”
^{Front Office Sports}

Why This Copa Title Netted Argentina an Extra $10 Million
Argentina has won three major international competitions in the past four years, yet the prize pools have been very different. For its 2021 Copa América win, they earned $6.5 million, and $42 million for winning the World Cup in 2022. On Sunday, Argentina won its record-breaking 16th Copa América title and earned $16 million.
^{Front Office Sports}

SEC Commissioner Greg Sankey: ‘Time to update your expectations for what college athletics can be
The Southeastern Conference is now a 16-team league with the additions of Texas and Oklahoma. SEC Commissioner Greg Sankey spoke of many things in college sports that seem to be in flux. One of which is the framework of a settlement of several antitrust lawsuits. It included $2.8 billion in damages.
AP Sports

NCAA House Settlement Delayed By ‘Infighting,’ Per Plaintiffs’ Lawyer
The $2.8 billion settlement in the House v. NCAA antitrust lawsuit was not submitted to the U.S. District Court on Monday. The plaintiffs’ lawyer, Jeffery Kessler, blamed “infighting” between the NCAA and its power league of co-defendants for the hold-up.
Sportico

Thanks for reading!

Sport & Story Daily is the sports industry’s daily resource for business news. In addition to serving up exclusive trends, Q&As, and columns, the newsletter connects readers to top platforms and stories from across the sports landscape.

Was this email forwarded to you? Sign up here!

Feel free to read our Privacy Policy