September 15, 2022
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Football season is underway — and you could win a chance to see all the action live. We’re giving away two tickets to an NFL or college football regular-season game of your choosing this season. All you have to do is follow @frontofficesports [[link removed]] on Instagram, like this post [[link removed]], and tag who you’d bring with you in the comments. Let’s go!
ESPN Open to Sharing CFP Rights After Expansion [[link removed]]
Jenna Watson / USA TODAY NETWORK
An expansion to the College Football Playoffs could open the door for additional media companies to get a piece of the action.
ESPN has signaled a willingness to share the media rights — which could be worth [[link removed]] as much as $2.2 billion annually — to the expanded tournament.
“We’ve been clear to anyone who is interested that we are very willing to be flexible here and be creative in terms of this expansion,” said [[link removed]] ESPN chairman Jimmy Pitaro.
The expansion from four to 12 teams could come as soon as 2024.ESPN reportedly would want to hang on to the championship game and several playoff games in any arrangement. Last year’s final between the University of Alabama and University of Georgia drew 23 million viewers.Amazon and Apple could both enter the picture as they seek to expand their sports portfolios.
ESPN pays a reported $470 million on average to broadcast the CFP in a deal that runs through 2026.
Total Package
ESPN, which inked a seven-year, $2.8 billion deal with the NHL last year, is also gearing up for upcoming negotiations with the NBA.
The league’s current deals with ESPN and Turner Sports pay $2.6 billion annually in a deal that runs through the 2024-25 season. Previous reports indicated that the NBA could seek to bump that figure to as high as $8 billion.
Boehly Wants More European Soccer Teams, All-Star Game [[link removed]]
Chelsea FC
Todd Boehly purchased Chelsea FC with Clearlake Capital for roughly $5.2 billion in May, and the U.S. billionaire already has big plans for the Premier League club.
Boehly said [[link removed]] Tuesday that he was keen on building a multi-club ownership group and would consider buying teams from other European soccer leagues. The model would be similar to City Football Group, which has full or partial ownership of 12 [[link removed].] global soccer clubs including Manchester City, New York City FC, and Melbourne FC.
Boehly named Belgium and Portugal as target countries for other clubs.
Chelsea FC has made several other changes since its new owners took over.
Earlier this month, Chelsea manager Thomas Tuchel was fired [[link removed]] and replaced with Graham Potter, the former head coach of Brighton & Hove Albion. In July, the club raised [[link removed]] $957 million in debt to boost the team’s operations and stadium. Premier League Proposals
Boehly also suggested the Premier League should consider an all-star match, as it would increase clubs’ revenues and help fund lower divisions, as well as a “North vs. South” match between the bottom four sides to help fund lower-ranked Premier League teams.
“[Major League Baseball] did their All-Star Game in L.A. this year — we made $200 million from a Monday and a Tuesday,” the co-owner of the Los Angeles Dodgers, Lakers, and Sparks said.
“Ultimately, I hope that the Premier League takes a little bit of a lesson from American sports.”
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LIV Offering Richest Purse in Golf History [[link removed]]
Richard Cashin-USA TODAY Sports
LIV Golf will make history in October when its players compete for a $50 million purse — the richest in golf history — during the controversial upstart series’ season-ending team championship.
Backed by Saudi Arabia’s sovereign wealth fund, LIV Golf has shelled out millions of dollars to compete with the PGA Tour and persuaded several top golfers to defect from the organization.
The championship will take place at Trump National Doral Golf Club from Oct. 27-30.It will have 12 four-man teams compete [[link removed]] for a $16 million first-place prize.Second place will split $10 million, third will win $8 million, and fourth gets $4 million.
LIV Golf’s record purse tops the PGA Tour — which has 47 tournaments on its 2021-22 schedule — by a large sum, even though the U.S. golf tour organizer has prize money totaling $481 million.
The Tour Championship — the crowning event of the PGA Tour’s FedEx Cup — has $75 million up for grabs, but the prize money is considered [[link removed]] a “bonus pool” for its season-long implications.
The PGA Tour’s Players Championship — won by current [[link removed]] LIV Golf player Cameron Smith in March — has the largest purse at $20 million, with $3.6 million being awarded to the winner.
New Opportunity
On Monday, Arizona State golfer David Puig announced that he intends [[link removed]] to forgo his senior season to join LIV Golf. The 20-year-old — ranked as the No. 9 amateur in the world by the World Amateur Golf Rankings — previously played in LIV’s London and Bedminster tournaments as an amateur.
Jordan-Backed Tequila Brand Aims for Luxury Market [[link removed]]
Cincoro Tequila
Michael Jordan is gunning for the top again — this time, in the tequila market.
The tequila brand launched by NBA legend and Charlotte Hornets owner, along with four other NBA owners, is releasing a blend for $349.99 a bottle.
Cincoro was launched in 2019 by Jordan, Los Angeles Lakers controlling owner Jeanie Buss, Milwaukee Bucks co-owner Wes Edens, Boston Celtics CEO Wyc Grousbeck, and Grousbeck’s wife Emilia Fazzalari.Fazzalari is CEO of the tequila company.Cincoro Gold will be the brand’s fifth blend. It has already sold 1.5 million bottles in the U.S. and won 23 awards in accredited spirit competitions.
Last year, tequila sales grew 27% by value and nearly 40% for high-end brands.
Company Man
Jordan’s business empire has flourished since his playing days.
In addition to the Hornets, he is the majority owner of NASCAR team 23XI Racing and the private golf club Grove XXIII in Hobe Sound, Florida.
In 2017, he bought a 0.5% stake in the Miami Marlins as part of a $1.2 billion sale with an incoming ownership group that included Bruce Sherman, who bought 46% of the team, and Derek Jeter, who bought 4%. Jeter has since divested from the club.
Last month, Jordan Brand announced [[link removed]] a 20-year partnership with Howard University, among the nation’s top Historically Black College and Universities.
The brand had previously pledged $100 million over 10 years to “organizations dedicated to ensuring racial equality, social justice, and greater access to education.”
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Billion-Dollar Sports Stadium Experiences
My Other Passion, presented by NetSuite [[link removed]], brings you conversations with the most influential athletes, celebrities, and executives about what drives them – beyond the sports or businesses they’re famous for.
In our latest episode, Ernest Baker, editor in chief of Front Office Sports, sits down with Steve Pangburn, CEO of hospitality giant Sodexo Live!, to talk about how the company delivers premium fan experiences at the Super Bowl, Formula 1’s Miami Grand Prix, the Olympics, and college football’s most iconic stadiums. The biggest lesson: Preparation is everything.
Listen now [[link removed]] or watch on YouTube [[link removed]] for future episodes releasing every Wednesday.
If you or someone you know is an athlete, celebrity, or business leader, reach out [[link removed]] to be featured on an upcoming episode.
Conversation Starters From big runs to home runs, Atmosphere Sports is bringing sports back to the center with scores, highlights and more. Learn more [[link removed]].* Game 1 of the WNBA Finals had to go up against the first Sunday of the NFL regular season, but the Las Vegas Aces’ 67-64 victory over the Connecticut Sun still averaged [[link removed]] 550,000 viewers on ABC — making it the most watched Game 1 in five years. ESPN’s coverage of the Seattle Seahawks’ 17-16 win over the Denver Broncos on “Monday Night Football” averaged [[link removed]] 19.85 million viewers across ABC and ESPN channels, a 17% increase from last year’s Week 1 telecast. Raiders defensive end Maxx Crosby is co-hosting [[link removed]] Blue Wire’s new weekly comedy podcast “REAXX” with Roqui Theus, where the pair give their best takes on general internet and football clips with the help of celebrity and athlete guests. Today's Action
MLB
07:45 PM
Reds (+225) at Cardinals (-265)
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White Sox (-150) at Guardians (+130)
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Phillies (-150) at Marlins (+130)
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Written by Owen Poindexter [[link removed]], Abigail Gentrup [[link removed]], Justin Byers [[link removed]] Edited by Matthew Tabeek [[link removed]], Brian Krikorian [[link removed]]
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