Sport & Story Daily July 18, 2024

Increasing Revenue

July 18, 2024

Good morning! From Athlete to Entrepreneur

Green Bay Packers post record US$654m revenues for 2023 season
The Green Bay Packers saw an increase of $44 million in its 2023 season revenue, making $654 million. The increase in national revenue was attributed to built-in gains from the league’s broadcast deals and new streaming partnerships.
^{SportsPro Media}

Ticket Brokers Miss Out On Olympics, But See Better Days Ahead
The only way to get a last-minute ticket to the Paris Olympics is through On Location. Three years ago, On Location won the rights to be the global hospitality provider for the Paris Olympics, the 2026 Winter Games in Milan and the Summer Games in Los Angeles. This hinders Live Nation and Vivid Seats’s goal to expand internationally, but they say their revenue is still projected to be high this year.
^Sportico

WNBA’s $2.2B Media Rights Deal Marks 6X Jump For League
The NBA and WNBA reached an agreement with Disney, NBC and Amazon. The new round of TV deals is worth $76 billion over 11 years. The WNBA will earn $2.2 billion over the life of the agreement, or $200 million a year. That amount is a 6x gain compared to its prior ESPN deal.
^Sportico

Walt Disney CEO Bob Iger and journalist Willow Bay to become Angel City FC’s new owners
Walt Disney Company CEO Bob Iger and Southern California Dean for Communication and Journalism Willow Bay will be the new controlling owners of Angel City FC. The stake for the National Women’s Soccer League team is valued at $250 million. Bay will serve on and fully control the team’s board of directors and will represent the team on the NWSL’s Board of Governors.
^{AP Sports}

Playfly’s Schreiber moves to exec chairman, Sloan becomes CEO
Craig Sloan is now Playfly’s Chief Executive Officer. Founder and CEO Mike Schreiber is now Executive Chairman and will remain on the Playfly Board of Directors. Sloan will take over the day-to-day operational leadership starting on Sept. 1, 2024.
^{Sports Business Journal}

Angels and Anaheim Reach $2.75 Million Stadium Settlement
Anaheim is paying the Los Angeles Angels MLB team $2.75 million and will get to build a fire station on the stadium property. Since 2022, the city and team have been working toward a settlement after then-mayor Harry Sidhu gave confidential information to the Angels to help them get favorable terms in a deal to sell the stadium site to the team.
^{Front Office Sports}

Nick Saban is back at SEC Media Days, six months after retiring and asking the questions now
Six months after retiring as Alabama football head coach, Nick Saban is back at SEC Media Days. This time, Saban will be asking the questions, working for ESPN this Eason on its “College GameDay” Saturday pregame show.
“I’m still a coach at heart. So I want to ask the coaches questions so that they can actually talk about things that they want to talk about, and maybe things that they want to be able to get out there,” Saban said Wednesday, a short time before his successor, Kalen DeBoer, made his SEC Media days debut as Tide coach.
^{AP Sports}

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