May 26, 2022

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Be sure to check out the latest episode of The Leadoff. Today, the FOS podcast covers a major NFL bylaw change that could be on the horizon, Tottenham Hotspur’s $187 million cash injection, an Activision Blizzard group voting to unionize, and a fresh set of earnings in the sports betting space.

Click here to listen [[link removed]]. Subscribe and leave a review if you like the episode!

NFL’s Own Streaming Service Could Debut in July [[link removed]]

Kirby Lee-USA TODAY Sports

The NFL is launching a streaming service called NFL Plus — which could be available as soon as July, according to a recent report.

The service was reportedly [[link removed]] approved by owners during their league meetings in Atlanta and is expected to cost $5 per month, but that figure could change. NFL Plus will focus on providing access to live games for phones and tablets.

The games would be the same [[link removed]] matchups aired on local TV stations and not include the out-of-market games on DirecTV’s NFL Sunday Ticket, a package expected to fetch more than $2 billion each year.

Yahoo previously provided the games for laptops, tablets, and phones.That deal expired, clearing the way for the NFL to stream its own games.

NFL Plus could also include “radio, podcasts, and miscellaneous team-created content,” according to the report.

The league already has a free content service. NFL Now launched in 2014 as a “personalized video service providing fans with the NFL news, analysis, and highlights they want across their Internet-connected devices,” the league’s announcement [[link removed].] reads.

Media Makeover

The NFL has also reportedly been in talks with companies like Amazon and Apple about taking an equity stake in the league’s media business. Yahoo’s Engadget indicated [[link removed]] that such a deal could make NFL Plus available as part of another streaming service.

Amazon and Apple already have experience with live sports: The former streams the NFL’s “Thursday Night Football,” while the latter streams MLB’s “Friday Night Baseball.”

Qatar’s World Cup Accommodations Soar With Added Shuttle Flights [[link removed]]

Qatar Airways

Qatar seems to have an answer for the large number of fans expected at the 2022 World Cup in November: shuttle flights.

The country hopes to attract 1.2 million people during the event, but with only 90,000 hotel rooms in host city Doha, there are concerns over how the country will accommodate the anticipated number.

Qatar Airways announced [[link removed]] on Thursday that fellow Gulf Arab airlines would provide more than 180 daily shuttles from nearby Middle Eastern cities to Qatar in the morning and back in the evenings.

Oman Air will bring as many as 3,400 with 48 daily flights. Saudi Arabian Airlines will bring up to 10,000 people with 60 daily flights.Kuwait will have as many as 1,700 fans with 20 flights per day.Flydubai will carry up to 2,500 with 60 daily flights.UAE’s Etihad and Air Arabia may also participate. Sharing is Caring

Qatar Airways CEO Akbar al-Baker said the country’s goal is to share the “huge economic benefit” expected with surrounding countries. Estimates for Qatar’s cost [[link removed].] for hosting could run as high as $220 billion. Reports from last year anticipate [[link removed]] the event will have $20 billion in economic impact.

Baker’s statement comes after Saudi Arabia, the UAE, Egypt, and Bahrain came to a resolution in early 2021, following a boycott of Doha for over three years.

SPONSORED BY CUTS

Welcome to the World of Workleisure

Athleisure had a good run, but let’s face it: Wearing your gym clothes to work every day isn’t exactly the most professional of looks.

Nowadays, the sport of business requires clothes that can keep up…and for that, few companies hold a candle to CUTS [[link removed]].

From buttery soft t-shirts and polos to stretch-fit joggers, everything [[link removed]] CUTS creates delivers a blend of performance, comfort, and work-appropriate style that you can’t find anywhere else.

Even Giannis and Rob Gronkowski trust CUTS for their game-day outfits. Not too shabby.

If you’re ready to re-up your work wardrobe, you’re in luck: not only is CUTS offering 20% off to FOS readers this week, but their brand new women’s line is now available. Check it out for yourself and use code FOS [[link removed]] at checkout.

Man U Reports Revenue Jump Amid Increasing Net Losses [[link removed]]

Manchester United FC

Manchester United generated $192 million in revenue in fiscal Q3, up from $149 million in revenue for the same period last year despite lackluster results on the pitch this season.

The club owned by the Glazer family, however, experienced a net loss of $35 million compared to $23 million in Q3 2021.

Commercial revenue reached $83 million in fiscal Q3, a 12.9% increase year-over-year.Broadcasting revenue hit $65 million, down from $74 million in fiscal Q3 2021.Matchday revenue was $45 million, compared to $2 million for the same period last year.

The results follow an underwhelming 2021-22 season for Manchester United, which is the third-most valuable soccer club in the world at a $4.6 billion valuation, per [[link removed]] Forbes.

Manchester United finished sixth of 20 Premier League clubs this past season despite a star-studded men’s roster that included Cristiano Ronaldo.

Looking ahead, the club stands to be impacted by UEFA’s plans to rewrite [[link removed]] existing Financial Fair Play rules. The desire to impose new regulations comes after European clubs saw $7.7 billion collectively removed from their balance sheets during the pandemic.

Existing regulations have been met with criticism for their inability to alleviate financial inequality in European soccer.

New Look

Manchester United is in the process of redesigning [[link removed]] its iconic home field since 1910, Old Trafford. The club has appointed architecture firm Populous and entertainment experiences company Legends for the redesign, which is expected to cost more than $261 million.

Conversation Starters When it comes to the business of sports, Front Office Sports has you covered — that’s why Digiday just named us a finalist for their Best Newsletter award. But we want your thoughts, too. All you have to do is take a quick reader survey here [[link removed]]. The best part? You have a chance to win some cool Front Office Sports merch or a $500 Visa gift card! On Wednesday, Rafael Nadal breezed past Corentin Moutet (6-3, 6-1, 6-4) in the second round of the French Open, becoming the fifth [[link removed]] player in history — and third man — to record 300 Grand Slam singles victories. La Liga’s Real Madrid and FC Barcelona are the two most valuable [[link removed]] soccer clubs in the world worth at $5.1 billion each. In January, the Boston Celtics occupied the Eastern Conference’s 11th seed. As May winds down, they’re one win away [[link removed]] from their first NBA Finals appearance since 2010. Subscribe to Scoreboard for more [[link removed]].

SPONSORED BY FIDELITY

Striving for Success, Not Perfection

Shawn Johnson East [[link removed]] achieved her dreams of being an Olympic athlete and gold medalist by age 16. So naturally, when she retired four years later, she wasn’t sure what would come next.

In the latest episode of Second Acts [[link removed]], presented by Fidelity [[link removed]], Shawn shares her incredible journey from Olympic gold medalist to businesswoman, mother and more:

What it was like to fulfill her dream of making it to the Olympics (3:15) Publishing a New York Times bestseller (10:13) Starting a YouTube channel and sharing her family with the world (11:19) Becoming an entrepreneur with her husband, Andrew East (14:05)

Watch the full episode [[link removed]] now.

Market Movers

U.S. stocks experienced gains across all three major indexes on Thursday. Here’s a look at how sports-related stocks performed:

FL [[link removed]]

Foot Locker Inc

[[link removed]]

$32.74

[[link removed]]

+0.31%

[[link removed]] VSTO [[link removed]]

Vista Outdoor Inc

[[link removed]]

$38.32

[[link removed]]

+2.02%

[[link removed]] UA [[link removed]]

Under Armour Inc

[[link removed]]

$9.15

[[link removed]]

+2.23%

[[link removed]] GCO [[link removed]]

Genesco Inc.

[[link removed]]

$59.57

[[link removed]]

+2.71%

[[link removed]] FOX [[link removed]]

Fox Corporation

[[link removed]]

$31.84

[[link removed]]

+2.83%

[[link removed]] CLAR [[link removed]]

Clarus Corp

[[link removed]]

$21.74

[[link removed]]

+4.52%

[[link removed]] (Note: All as of market close on 5/26/22) What to Watch

The Dallas Mavericks face the Golden State Warriors on Thursday at the Chase Center. The Warriors lead the Western Conference Finals series 3-1.

How to Watch: 9 p.m. ET on TNT

Betting Odds: Warriors -7 || ML -300 || O/U 215.5

Pick: Expect the Warriors to end the series at home. Take Golden State to cover.

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Written by Abigail Gentrup [[link removed]], Justin Byers [[link removed]] Edited by Matthew Tabeek [[link removed]]

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