Posted on 30 September 2010. Tags: arena, Ballpark, debt, forbes, NBA, NFL, Regional Sports Network, RSN, Sports Industry, Sports Owners, stadium, Yankees, YES Network
FORBES magazine has just released its latest annual list of the 400 Richest Americans. On this list, 22 are representatives of the Sports Industry. It appears that the addition of a new stadium, ballpark, or arena will increase their net worth by at least $500 million. A Regional Sports Network (RSN) will also bring in additional revenue for the organization (Ex. YES Network-NY Yankees).
The only deceptive part of the net worth calculations for the “Sports Owners” is that many of their organizations are saddled with debt. We also have two of the most popular leagues (NFL, NBA) potentially locking-out its players in 2011. In addition, many teams have cut the prices of their tickets and some were even subjected to blackouts due to not selling out home games.
Posted in NUMBERS
Posted on 05 July 2010. Tags: college, Dallas Mavericks, Daniel Snyder, DVD, entrepreneurs, franchises, Major League Entrepreneurs, Mark Cuban, NBA, NFL, Professional Sports, Ross Perot, Washington Redskins
“Sweat equity is the best form of equity.”
Mark Cuban, owner of the Dallas Mavericks
The DVD, Major League Entrepreneurs is now available. It features two of the youngest owners of Professional Sports franchises.
Daniel Snyder, owner of the Washington Redskins, explains his decision to drop-out of the University of Maryland and leap into Entrepreneurship. From there, he became the youngest person to own a company traded on the New York Stock Exchange. He then formed an investment group which eventually purchased the Redskins from the trust of Jack Kent Cooke.
Mark Cuban, owner of the Dallas Mavericks, did however graduate from college. However, according to Cuban, he knew his future did not include working for anyone but himself. Cuban owned and sold two companies. The last provided him with enough money to be able to purchase the MAVS from former presidential candidate, Ross Perot and his son.
Major League Entrepreneurs will not only share the life stories of Cuban and Snyder, but provide guidance to those seeking Sports-Industry employment opportunities, which include:
a. Where you should initially focus your energies
b. What the professional teams needs are (present and future)
c. Expectations of Salary
Major League Entrepreneurs is an excellent resource for recent college graduates. The DVD is affordably priced. Enjoy and learn.
Posted in Industry Leaders
