Monthly Archives: January 2015

New York Knicks Miss Out On Top NBA Team Values Spot

According to Forbes.com, the New York Knicks are 2015’s second-most valuable NBA team, with a current value of $2.5 billion. A revenue of $278 million puts them just $15 million behind top position holders Los Angeles Lakers, but an operating income of just $53 million is 45% down on the previous year thanks to missing the playoffs and incurring a $36 million luxury tax bill. To put it in context,

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Spanish Soccer Will Challenge FIFA Ban on Alternative Financing

The Spanish soccer league will challenge FIFA’s ban on clubs selling the transfer rights of contracted players to investors, league president Javier Tebas said. FIFA announced the ban on so-called third-party ownership last month, and Tebas referred to European Union rules on the free movement of capital in an e-mail yesterday without offering more details. A FIFA official said it had no comment on the matter. The prohibition takes effect

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Peyton Manning Is NFL’s Top Player For Merchandise Sales

NFL Players Inc. recently released its quarterly ranking of the top 50 NFL players for merchandise sales, and the Denver Bronco’s quarterback topped the list. The ranking represents sales from jerseys, t-shirts, photos and other accessories sold by more than 80 NFLPI licensees between September 1 and November 30. Manning outsold all other players in Fatheads, bobbleheads and Nike game jerseys to unseat second quarter champion Russell Wilson from the

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Wall Street Bids For The Brooklyn Nets

Wall Street will be part of “aggressive bidding” for the Brooklyn Nets, whose proximity might bring a price that eclipses the National Basketball Association record $2 billion former Microsoft Corp. Chief Executive Officer Steve Ballmer paid for the Los Angeles Clippers. Sports industry consultant Lee Berke, founder of LHB Sports, Entertainment and Media Inc., said in a telephone interview yesterday; “Another Picasso is up for sale. It’ll command a very

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Floyd Mayweather Tops Forbes’ Highest Paid Athletes List

Forbes Magazine’s annual tally of the highest paid athletes was recently released for 2014, and some may be surprised at the athlete grabbing the number one spot. Boxer Floyd Mayweather earned a whopping $105 million for just 72 minutes of work in the ring for fights against Canelo Alvarez and Marcos Maidana. The Mayweather-Canelo fight, which was billed as “The One” set records for highest PPV gross ($150 million), live

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