From Front Office Sports <[email protected]>
Subject FOS PM: The Final Man United Bid
Date May 17, 2023 8:01 PM
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May 17, 2023

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New Plot Twist For Manchester United Sale [[link removed]]

Manchester United

The Manchester United sale saga isn’t over quite yet.

Despite reports [[link removed]] last week that the Glazer family would sell the majority of the English Premier League club to British billionaire Jim Ratcliffe and his company INEOS, the story has taken another turn.

The club’s stock is on the rise [[link removed]] following a revamped bid from Qatar’s Sheikh Jassim Bin Hamad Al Thani, which according [[link removed]] to The Times still comes in at a lower valuation than Ratcliffe’s $6.3 billion.

Sheikh Jassim is offering to buy 100% of the team and has pledged [[link removed]] $1 billion toward improving club infrastructure, while Ratcliffe’s bid was for 80% of the club. The former’s promise to dramatically upgrade Old Trafford could be particularly attractive to the many fans who regularly protest the current ownership group for its perceived negligence.

The drama is playing out as the Red Devils currently sit in fourth place in the EPL, one point above Liverpool and narrowly inside automatic qualification for next season’s Champions League. Manchester United could also qualify by beating rivals Manchester City in next month’s FA Cup final.

For now, disgruntled Manchester United fans will continue to cross their fingers that the Glazers move forward with a sale. No official timetable has been laid out for completion of a potential deal.

Coyotes’ $2.1B Entertainment District Plan Rejected [[link removed]]

Arizona Coyotes

An entertainment district plan including an arena for the Arizona Coyotes was rejected by voters in Tempe.

The unofficial voting results [[link removed]] were tallied late Tuesday for Propositions 301, 302, and 303, and none received more than 44% “yes” votes. In order for the Coyotes’ plan to move ahead, the measures needed to receive a majority of votes.

Coyotes President and CEO Xavier A. Gutierrez said in a statement that the next move for the franchise “will be evaluated by our owners and the National Hockey League over the coming weeks.”

That review — at least as far as the team’s interim plans — took less than 24 hours.

The Coyotes will return to ASU’s Mullett Arena next season, a source confirmed to Front Office Sports on Wednesday. The Coyotes signed a three-year lease to serve as the team’s interim home, and next season will be Arizona’s second at the 5,000-seat arena.

The $2.1 billion proposal included a 16,000-seat arena, hotels, shops, restaurants, and as many as 1,990 apartments. The 46-acre project project — proposed by Bluebird Development— was also privately funded.

“The National Hockey League is terribly disappointed,” commissioner Gary Bettman said [[link removed]] regarding the results of the stadium vote.

Wandering Coyotes

The Coyotes — the least valuable NHL team at $450 million, according [[link removed]] to Forbes — have played their home games at Arizona State University this past season with a capacity of only 5,100.

The team has called the Phoenix area home since relocating from Winnipeg after the 1995-96 season, but the franchise never found a foothold. In 2003, the Coyotes moved out of downtown Phoenix for Glendale, where the team languished and went bankrupt under former owner Jerry Moyes in 2009.

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TelevisaUnivision Scores Super Bowl LVIII Rights With CBS Deal [[link removed]]

Kirby Lee-USA TODAY Sports

TelevisaUnivision has scored multiple wins in the battle for media rights — including those to North America’s biggest sports event.

The media giant secured [[link removed]] the Spanish-language rights to Super Bowl LVIII, which will be played on Feb. 11, 2024, in Las Vegas. The Big Game will be TelevisaUnivision’s first national broadcast of an NFL game.

The English-language broadcast will be on CBS, which has no Spanish-language affiliate — unlike NBC and Fox, who respectively own Telemundo and Fox Deportes.

The company also announced that it will broadcast the 2024 Copa America soccer tournament, which will be played in the U.S. The 16-team tournament will include the U.S., Mexico, and world champion Argentina.

TelevisaUnivision will also hold the Spanish-language rights in the U.S. to UEFA club competitions in a three-year deal worth $225 million, according [[link removed]] to Sportico. The English-language counterpart to those rights are also held by CBS parent Paramount on a six-year, $1.5 billion deal.

Televisa and Univision closed their $4.8 billion merger last year in a deal that brought together two North American media giants. Soon after, the combined company launched streaming service ViX — which now boasts more than 30 million active users per month.

Conversation Starters EA Sports is reportedly finalizing [[link removed]] details on how much athletes will receive in NIL and the structure of payments for the new college football video game. If a player doesn’t want to be in the game, EA Sports will create a generic avatar in their place. The San Antonio Spurs — who won the top-overall pick in this year’s NBA Draft pick and the right to take Victor Wembanyama — are set to complete their new $550 million campus, The Rock at La Cantera. Check out renderings [[link removed]]. Robert Griffin III’s time as an NFL quarterback may have come to an end, but he isn’t done with football. RGIII joins Front Office Sports Today to talk about his journey from the gridiron to the broadcast booth with ESPN, his aspirations as a media professional, and his thoughts on the Commanders sale. Listen and subscribe on Apple [[link removed]], Google [[link removed]], and Spotify [[link removed]]. StreamLayer [[link removed]], a venture-backed company based in Chicago, has been named one of three global winners of Kaizen Gaming’s innovation challenge, a worldwide competition organized by Microsoft’s Global Sports Innovation Center.*

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What to Watch

The Boston Celtics take on the Miami Heat in Game 1 of the NBA Eastern Conference Finals on Wednesday at TD Garden.

How to watch: 8:30 p.m., ET, TNT

Gambling odds: Heat +8 || ML Heat +310 || O/U 211

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