From Front Office Sports <[email protected]>
Subject Spurs Big Winners in Lottery
Date May 17, 2023 11:20 AM
  Links have been removed from this email. Learn more in the FAQ.
  Links have been removed from this email. Learn more in the FAQ.
May 17, 2023

Read in Browser [[link removed]]

POWERED BY

In 1939, NBC became the first network [[link removed]] to air an NFL game — using only cameras and a crew of about eight people. This upcoming season, the league will broadcast games on 11 broadcast networks and streaming services.

Spurs Hit It Big In Wembanyama Sweepstakes [[link removed]]

David Banks-USA TODAY Sports

Victor Wembanyama is headed to the Alamo. The San Antonio Spurs won Tuesday night’s NBA Draft lottery and the right to select the French sensation in next month’s draft.

Spurs Managing Partner Peter J. Holt, who represented the team on stage at the lottery reveal, shouted with joy when the results were announced. “I might faint, I’m so excited,” said Holt, whose team had a 14% chance [[link removed]] of winning the lottery.

Wembanyama, who was watching with family and friends in France at 2:30 a.m. local time, made it clear he was ready to get to his new home. “I’m trying to win a ring ASAP,” the teenager told ESPN.

While the fans in San Antonio deservedly celebrate, Wembanyama won’t officially join the Spurs until the NBA Draft takes place on June 22. Wembanyama will finish out his time with the Boulogne-Levallois Metropolitans 92, which are headed to the LNB Pro A playoffs after finishing second in the French league’s regular season.

FOS senior writer Owen Poindexter explained the massive hype surrounding Wembanyama on Tuesday’s Front Office Sports Today podcast [[link removed]].

Ticket Bounce

The Spurs will no doubt start utilizing the prospect of Wembanyama to energize their fan base and boost morale for next season. San Antonio ranked 25th in NBA attendance this past season with an average of just under 17,000 fans at the AT&T Center, about 92% of the arena’s capacity.

Keep an eye on Spurs’ season ticket sales numbers in the aftermath of the lottery win, and don’t be surprised to see new corporate partners come on board to join the Wemby hype train.

PODCAST

🎙️ They Said What?

“Josh Harris turned around the 76ers. He turned around the New Jersey Devils … Dan Snyder selling the team marks the beginning of something new — not just for the fans, not just for the players, but for the city and for the entire organization. They can build something greater into the future.””

— Former Washington Commanders quarterback and ESPN football analyst Robert Griffin III on his excitement around Dan Snyder selling the NFL franchise to Josh Harris. For more on RG3, check out the latest episode of Front Office Sports Today.

🎧 Listen and subscribe on Apple [[link removed]], Google [[link removed]], and Spotify [[link removed]].

Real Madrid Loses $440M in Stadium Sponsor Suit [[link removed]]

Real Madrid

The second-wealthiest [[link removed]] soccer club in the world is taking a rare financial loss thanks to a botched sponsorship contract.

Spanish soccer giant Real Madrid has reportedly [[link removed]] lost a claim for $440 million in the Court of International Trade in Paris for the breaking of a sponsorship agreement with the International Petroleum Investment Company in 2017.

In 2014, the La Liga legends brought on IPIC — now controlled [[link removed]] by Abu Dhabi’s Mubadala Investment Company — to be the naming rights partner for the Santiago Bernabeu stadium, which was set for major renovations. Those upgrades didn’t go as planned, and IPIC eventually pulled out of the pact.

Real Madrid started a court battle in 2018 to recoup what it said was owed in sponsorship money, but have now been denied.

While the court battle has dragged on in recent years, Real Madrid found new financial partners [[link removed]] in the Sixth Street investment group and entertainment experiences company Legends. Ongoing renovations at the Bernabeu could be completed by the end of this year.

Last year, Real Madrid reported [[link removed]] a financial profit for the third straight year as it has continued to emerge from the pandemic.

SPONSORED BY GROVER

Tech to Elevate Any Sporting Experience

Into hoops? Football? Fitness? Whatever your sport, whether you’re in the game playing, or watching at home — take it to the next level with Grover [[link removed]].

Elevate the experience with TVs, projectors, soundbars, smartphones, smartwatches and more. Flexible, affordable, and more sustainable, Grover’s monthly tech rentals give you that courtside feel, wherever you are.

Now for a limited time, get 75% off [[link removed]] the first rental month on subscriptions of 3 months or longer with the code: FOSXGROVER75.

Get started today!

Ligue 1 Seeking $218M Annually for International Media Rights [[link removed]]

Paris Saint-Germain

If the Professional Football League — French pro soccer’s governing body — has its way, it will nearly triple its annual revenue from its top flight’s international media rights.

The LFP is reportedly [[link removed]] seeking $218 million per year for its next cycle of Ligue 1 international broadcast rights — a significant jump from the $76.3 million it gets from BeIN in a deal that expires after the 2023-24 season.

The French soccer organization and the Qatari media group first began their partnership in 2011.

LFP president Vincent Labrune emphasized the importance of quality performance in international club competitions as being a driver of media revenue: “French clubs and their investors will quickly understand that being successful in the Champions League can provide resources greater than those of national rights.”

The French federation is following the lead of Italy’s Serie A, which in October claimed [[link removed]] to be looking to triple media rights revenue by 2030.

Serie A’s current deal is for $658 million between 2021 and 2024 — a distant shout from the $6.55 billion England’s Premier League is bringing in from international media rights between 2022 and 2025.

Ligue 1 could draw in more American eyes in the near future: Reims striker Folarin Balogun announced Tuesday that he would be changing his national team allegiance from England to the United States. Balogun currently ranks fifth in Ligue 1 with 19 goals.

France Rescinds 2025 Rugby World Cup Bid Amid Turmoil [[link removed]]

Rugby World Cup

Earlier this week, the French government announced [[link removed]] that it has rescinded its decision to host the 2025 Rugby League World Cup.

The country cited financial reasons for the decision, saying it couldn’t guarantee it would make money by hosting the event.

France won a bid for the 2025 tournament in January 2022 and has spent the last year-and-a-half preparing. Officials needed an extra three months to determine ways to make the event financially viable, but ultimately couldn’t.

“I respect the French government’s decision amid the challenges they are facing, but I can’t hide my disappointment — that I conveyed clearly to them in person,” International Rugby League chair Troy Grant said in a statement.

The nation is currently embroiled in major political turmoil, as massive demonstrations have broken out [[link removed]] across the country against the raising of the country’s retirement age and to voice general displeasure with president Emmanuel Macron.

Future Bidders

Australia and New Zealand have both expressed [[link removed]] interest in the difficult task of staging the 2025 Rugby League World Cup — but they’ll have about 18 months fewer to prepare than they normally would.

The countries did co-host the 2017 World Cup — and given the existing popularity of rugby in the two countries, the turnaround could be possible.

Conversation Starters Colorado football head coach Deion Sanders just purchased a new custom Ford F-650 super-truck — the standard model of which costs around $150,000. Check it out [[link removed]]. The University of Wisconsin opened its $113.2 million on-campus gym, the Bakke Recreation and Wellbeing Center. Some of the amenities [[link removed]] include eight basketball courts, an eight-lane swimming pool, an ice rink, an esports room, and nap pods. For $11,000 a month, you can rent [[link removed]] Ronaldo’s $6 million Madrid mansion. Want a chance to win $250? We want to get to know our audience better and improve our coverage. Fill out our new survey [[link removed]] for a chance to win a $250 VISA gift card or free FOS merch! The Oakland A’s and Vision Insights are partnering to leverage the industry’s most robust fan & sponsorship database [[link removed]], Vision Insights Decoder, to provide custom fan, sponsorship, and marketplace data.*

FRONT OFFICE SPORTS LEARNING

Professional Education at the Speed of Culture

Brush up on your skills and supercharge your career.

Try one of our interactive courses on Front Office Sports Learning [[link removed]], designed to help professionals stay on top of today’s ever-changing sports landscape.

Manage lessons at your own pace and gain a deeper understanding from top brands and experts in various subject matters. Each course consists of a series of video lesson modules, followed by a brief quiz. Upon completion of each course, you’ll earn a verified digital badge to share on your social platforms.

From modern ticketing solutions [[link removed]] and the rise of cryptocurrencies [[link removed]] to the new world of NIL [[link removed]] and the metaverse [[link removed]], FOS Learning courses explore it all.

Find the right course for you.

Editor's Picks It’s Official: Pat McAfee Moving Show to ESPN This Fall [[link removed]]by Michael McCarthy [[link removed]]Pat McAfee is moving his YouTube show to ESPN. Commanders Revenues Expected to Spike Minus Dan Snyder [[link removed]]by A.J. Perez [[link removed]]The Commanders business operation expect to rise as Dan Snyder departs. Celebrity Owners are Reviving Soccer in Italy’s ‘Forgotten’ Region [[link removed]]by Doug Greenberg [[link removed]]Campobasso is bringing winning soccer back to a "forgotten" region of Italy. Question Of The Day

Do you wear a watch?

Yes [[link removed]] No [[link removed]] Not yet but I want to [[link removed]]

Tuesday’s Answer

89% of respondents like to watch college football rivalry games.

DISCLAIMER

*Sponsored Content

Advertise [[link removed]] Awards [[link removed]] Learning [[link removed]] Video [[link removed]] Podcast [[link removed]] Pro [[link removed]] Written by David Rumsey [[link removed]], Doug Greenberg [[link removed]], Amanda Christovich [[link removed]] Edited by Matthew Tabeek [[link removed]], Brian Krikorian [[link removed]]

If this email was forwarded to you, you can subscribe here [[link removed]].

Update your preferences [link removed] / Unsubscribe [link removed]

Copyright © 2023 Front Office Sports. All rights reserved.

80 Pine Street Suite 3202 New York, NY 10005
Screenshot of the email generated on import

Message Analysis