Breaking: Two NFL insiders have told me Raiders are facing very big tax implications from money not reported as income and this is behind departure of staff recent weeks.
#Raiders
Sources say after Steve Cohen/Wilpon finalize sale, Cohen has 30 days for exclusive bid for SNY. The RSN is worth about $1 bil ($150m equity, $850m debt).
NHL Team Values 2021: New York Rangers Become Hockey’s First $2 Billion Team
Top 5 NHL team values..
Rangers: $2b
Maple Leafs: $1.8b
Canadiens: $1.6b
Blackhawks: $1.4b
Bruins: $1.3b
via
@forbes
Wells Fargo Securites thinks FOX is not likely to renew Smackdown at higher price and it's possible we could see Smackdown split between FOX in linear and a streamer, or the entire night move off and likely accretive to FOXA.
WWE - U.S. Rights Deal Economics
RSN rights fees ($M) and average household viewership (thous) for all 29 U.S. MLB teams for 2022. Rights fees are Forbes research and include amortized portion of signing bonus to team where applicable. Ratings courtesy of Nielsen Media.
5 NHL teams with biggest increase in value past five years and current value:
Oilers: 147%/$1.1b
Islanders: 147%/$950m
Devils: 142%/$775m
Predators: 122%/$600m
Lightning: 113%/$650m
NHL Team Values 2021: New York Rangers Become Hockey’s First $2 Billion Team
Top 5 NHL team values..
Rangers: $2b
Maple Leafs: $1.8b
Canadiens: $1.6b
Blackhawks: $1.4b
Bruins: $1.3b
via
@forbes
The fact that Cohen is only one to make final bid for Mets speaks volumes about financial wreck Wilpon left team and SNY and MLB’s losses this pandemic season
Some reports saying Arod and Harris-Blitzer dropped out Mets bid because Cohen was awarded exclusive final bid. Wrong. Cohen awarded bid bc only he had the money!
FOXA, DIS, and WBD are forming a DTC platform for their sports content, with each owning 1/3rd. Wells Fargo thinks economics will be split to the rights contributed, which they est. as ~$20b total incl. FOXA/DIS/WBD at 30%/50%/20%. The platform will be non-exclusive vs linear.
MoffettNathanson: "Peacock continues to burn money, but we’re past the peak. Revenue was up 85% YoY, and paid subscribership doubled. There is no assurance that this will ever be a meaningfully profitable business, but at least we’re past the peak cash burn."
AVERAGE TEAM VALUES AS OF July, 2023
NFL (32 TEAMS): $4.47B
NBA (30 TEAMS): $2.86B
MLB (30 TEAMS): $2.32B
SOCCER (TOP 30 TEAMS IN WORLD): $2.17B
F1 (10 TEAMS): $1.88B
NHL (32 TEAMS): $1.03B
MLS (28 TEAMS): $579M
This is a joke. Apostolopoulos never had the money to buy the Senators. His net worth is less than $400m. He never made a bid for the Washington Commanders.
Been hearing for years baseball is dying. BS. MLB has 3 national media partners--Disney, Fox, Turner--and with today's announcement of Turner deal, 2 (Fox, Turner) combined have extended their MLB rights deals for an an average annual increase of over 50%.
NFL is most valuable league in world in part due to salary cap.
@ManUtd
reporting rev for 2022 of $758m and EBITDA of $105m (1 BP = $1.3 U.S.).
@ManUtd
rev higher than every NFL team except Cowboys ($1.09b) but EBITDA lower than every NFL team except Lions, Bills, Bucs, Browns.
E.J. Johnston, son of former pro hockey goalie, coach and gm, Ed Johnston, has teamed with Hockey Hall of Famer, Craig Patrick, to create 3ICE, a new and totally independent, three-on-three professional ice hockey league in North America slated to begin play in June of 2021.
The 10 most valuable sports teams in the world are now the Cowboys ($5.7b), Yankees ($5.25b), Knicks ($5b), Barcelona ($4.76b), Real Madrid ($4.75b), GS Warriors ($4.7b), LA Lakers ($4.6b), Patriots ($4.4 b), NY Giants ($4.3b) and Bayern Munich ($4.22 b).
Based on info MLB provided I gave the A's a full share of revenue sharing. But A's notified me they only got a qauarter of a full share, dropping their EBITDA fo $29M. The Texas Rangers replacd the A's in top 5 with EBITDA of $58m.
@EricMacramalla
Looks like you were right. Banking guy this morning tells me Arizona Coyotes for sale again with idea of buyer eventually moving team to a new arena in Houston.
Morgan Stanley doesn't expect YouTube's NFL Sunday Ticket subscription to be profitable, but other forms of monetization can help improve the profitability of the deal over time.
I asked an owner of one of the most vauable soccer teams in the world about this deal and he said, "I literally heard the money coming from Columbia drug money."
Premier League owners 'to voice concerns' over Everton's sale to 777 Partners
Amazon is scrambling to offer advertisers refunds or make-goods after audience viewership for Thursday Night Football fell ~25% short of Amazon's preseason estimates. (Sources: The Streamable, Insider, MediaPost).
I have confirmed with a reliable source that as of that as of now former Commanders head coach Joe Gibbs is not among investors in Josh Harris group's proposal to buy the team, tho he is a friend of Harris and has been advising him on deal.
Team most expensive sports team sale prices in history. Cohen purchase of Mets
#2
. Some reports say Dodgers sold for $2.15b. Not true. Price was $2 bil for team and stadium, land around stadium sold for additional $300mil. All figures enterprise values.
Spent much of yesterday asking sources about Cohen's offer (enterprise value) for Mets and consensus was between $2.1b and $2.3b but this is NOT confirmed.
Brooklyn Nets owners, who own arena operating company, apparently have been putting a lot of money to cover losses as balance sheet shows "capital contribution" of Brooklyn Events Center increased to $52m as of June 2020 vs $13.5m June 2019.
Audited financial statements on Brooklyn Events Center LLC (Barlcays Center) released yesterday for year ending June 30, 2021 show an operating loss (before depreciation and amortization) of $23m on revenue of $35.9m.
I’m not buying it. Arod couldn’t get money for Marlins and he couldn’t for Mets. Period. Alex Rodriguez fuming over 'fixed' sale of Mets to Steve Cohen, sources say via
@nypost
MSG has launched its MSG+ streaming service. Local Knicks, Rangers, Islanders, Devils games available $29.99/mo, $309.99/yr. Single games available for $9.99 and the service will offer live betting odds. Local Pay-TV subs can link accounts for free. (Sources: Cord Cutters News)
The NBA is big driver of TNT’s affiliate value, and WBD’s management has disclosed that a decent number its carriage agreements are up for renewal next year and having the NBA has been a significant source of leverage driving rates for TNT and across WBD’s broader portfolio.
During the 2022-23 season, viewers tuned in for a total of 14b minutes across 65 regular season games, 32b minutes across 45 postseason games, and additional 8b minutes for shoulder content and reruns. These 53b minutes collectively represented 37% of the TNT’s total ratings.
NFL Sunday Ticket on YouTube TV has ~1.3m subscribers, according to Antenna. This is already ahead of the ~1.2mm subs that were signed up when the package was on DirecTV. ~41% of Sunday Ticket subs who purchased the package as a YouTube TV add-on are new to YTTV.
Rob Manfred wants to expand future MLB postseasons beyond 10-team format. This year's 16-team playoff is expected to increase TV postseason revenue from about $780m to $1bn. (Sources: SBJ, Wells Fargo Securities, LLC)
A person who was asked (but declined) to invest with one of the groups looking to purchase of Mets, potential buyers are realizing that Citi Field needs $100m to $200m of investment over next few years, which obviously impacts price.
Podcasting's share of audio listening increased 29% during the past year according to Edison Research's latest Share of Ear report. Podcasts have accounted for 9% of audio consumption among adults 18+ during 3Q20, up 2% from a year earlier.