| From | Front Office Sports <[email protected]> |
| Subject | Titans To Get Most Public Money Ever |
| Date | October 21, 2022 11:33 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.
October 21, 2022
Read in Browser [[link removed]]
POWERED BY
Major League Baseball continues to exceed [[link removed]] ratings expectations this postseason. Following a 64% year-over-year spike in viewership for the opening Wild Card round, the four Division Series on TBS and Fox/FS1 averaged 3.47 million viewers — the highest since 2017.
Titans Stadium Could Get Most Public Money Ever for An NFL Project [[link removed]]
Christopher Hanewinckel-USA TODAY Sports
The Tennessee Titans could be on the receiving end of the most public money ever allocated for an NFL project with their proposed domed stadium.
Earlier this month, Nashville mayor John Cooper agreed [[link removed]] to a deal with the NFL to build a new stadium that can host major sporting events including the Final Four and Super Bowl — to the tune of up to $2.2 billion.
The pending project is expected to receive a $500 million bond from the state.The bond includes [[link removed]] interest — and state taxpayers will be responsible for it.A 1% tax on hotel rooms in Davidson County will help fund the project, as well as a sales tax at the new stadium and on its 130-acre campus.
The Titans could surpass the Las Vegas Raiders’ $750 million in public funds [[link removed]] to open Allegiant Stadium in 2020 for $1.97 billion.
It would also put the project ahead of the Indianapolis Colts’ Lucas Oil Stadium, which used $620 million in public funds to open the $720 million facility in 2008.
Trust the Process
The proposed domed project is still awaiting approval by the Nashville Metro Council, which commissioned [[link removed]] a “condition assessment” in June at Nissan Stadium — the Titans’ current home — after the team claimed that upgrading the facility would cost roughly $1.8 billion.
The expensive upgrades were a stark increase from the $293.2 million consulting company Venue Solutions Group said was needed to keep Nissan Stadium viable through 2037.
FIFA Kicks Back At Lowball Bids for Women’s World Cup [[link removed]]
Michael Chow-USA TODAY Sports
The international governing body of soccer knows women’s sports are more popular than ever — and expects broadcasters to pay accordingly.
FIFA has rejected several bids for media rights to the 2023 Women’s World Cup for being too low, according to its chief business officer Romy Gai.
“This is not a case of being priced out,” Gai told [[link removed]] Bloomberg, “but rather testament to a lack of willingness of broadcasters to pay what the women’s game deserves.”
FIFA has yet to name the broadcasters that submitted bids but rejected offers from Italy, Germany, France, and the U.K. It is also expected to deny a bid in Spain.
The 2019 Women’s World Cup drew 1.12 billion total viewers, per [[link removed]] FIFA.993.5 million viewers watched on TV, while 481.5 million used digital platforms.
The 2023 Women’s World Cup — which runs July 20 through Aug. 20 — stands to be a promising broadcast opportunity in the wake of increasing global interest in women’s soccer.
In July, the UEFA Women’s Euro 2022 had a projected global cumulative live viewership of 365 million — making it the most-watched edition ever. The tournament was also the best attended in history, with an average of 18,544 fans and a record aggregate attendance of 574,875 fans.
[[link removed]] Media [[link removed]] | by Abigail Gentrup [[link removed]] Women’s Euro 2022 Is Most-Watched Ever [[link removed]] The Women’s Euro 2022 brought in a record viewership of 365 million. August 31, 2022 Worthy Investment
All major segments of women’s soccer are expected to grow, setting the stage for what could be a record-setting Women’s World Cup.
Sponsorships are projected to increase sixfold for up to $300 million each year, while media rights could be worth more than $260 million each by 2033.
SPONSORED BY DRAFTKINGS
The Better Way to Play This NFL Season
From sports betting to NFTs, DraftKings [[link removed]] has the action you crave this NFL season.
DraftKings Daily Fantasy Sports let’s you:
Draft a new lineup whenever you want Pick from your favorite stars each week Play in a public contest or against friends in a private league Quickly enter contests anytime before the lineup lock Win cash prizes [[link removed]] weekly – paid out as soon as the contest ends
With NFL in full swing, get your game on and play for millions [[link removed]] in contest prizes for the remainder of the season!
Chess Grandmaster Makes His Countermove: Sues for $400M [[link removed]]
Shutterstock
Hans Moke Niemann is taking his attacking style from the chess board to the courts.
The 19-year-old grandmaster is suing [[link removed]] world chess champion Magnus Carlsen, his company Play Magnus, Chess.com, its chief chess officer Daniel Rensch, and grandmaster and popular chess streamer Hikaru Nakamura, for defamation and “colluding to blacklist” Niemann from chess.
The lawsuit, filed in a Missouri district court, seeks at least $400 million in damages across five causes of action.
Carlsen shook the chess world in September by withdrawing from the Sinquefield Cup, which carries a $350,000 prize pool, after losing to Niemann. He later accused [[link removed]] Niemann directly of cheating in a written statement.Nakamura stated that he was suspicious of Niemann following the match, namely due to Niemann’s postgame analysis, which he and other grandmasters found lacking.
Chess.com, which Niemann’s lawyers, Terrence Oved and Darren Oved, called a “multibillion-dollar behemoth,” agreed to buy Play Magnus for $83 million in August.
Athletes [[link removed]] | by Owen Poindexter [[link removed]] Report Alleges Chess Grandmaster Cheated in Over 100 Games [[link removed]] Chess.com found that grandmaster Hans Niemann cheated extensively. October 5, 2022 Did He or Didn’t He?
Niemann admitted cheating online in isolated incidents at the ages of 12 and 16 and once for prize money at 12, but otherwise claimed he has “never cheated” during in-person games or prize money events, calling it “the worst thing I could ever do.”
Chess.com later put out a report stating that Niemann “has likely cheated in more than 100 online chess games, including several prize money events.”
The report drew no firm conclusions on any of Niemann’s over-the-board games, including the fateful one against Carlsen.
College Football Programs Suffered 43% Revenue Drop in Pandemic [[link removed]]
Kirby Lee-USA TODAY Sports
When the pandemic struck, athletic department officials nationwide geared up for major revenue decreases.
New data released by the NCAA this week revealed [[link removed]] the extent of those pandemic budget declines during the 2020-21 season.
FBS programs generated a median revenue of $35 million — down 43% compared with 2019-20. But with less travel and competition, median expenses declined, too — down 17% to about $65 million.Power 5 schools felt the impact of COVID the most, experiencing a median drop of more than $20 million between 2019 and 2021. None of the other factions came close.
That didn’t stop Power 5 schools from spending big during the COVID year, however, allocating 42% of revenue to coaching and administrative salaries, despite widespread layoffs [[link removed]], hiring freezes, and salary cuts.
Both Power 5 and Group of 5 schools spent more on coaches salaries than any other line item.
Future Revenue
That trend is expected to continue as programs increasingly move above and beyond recovery.
Media contracts and bowl game revenue comprised the largest portion of Power 5 revenue even in a pandemic year — 45% of total income. But between the projected growth of CFP media rights revenue [[link removed]] and multiple new broadcast contracts for the SEC and Big Ten [[link removed]], that number will likely continue to rise.
SPONSORED BY KORE
Learn How Engagement Marketing is Changing
Twitch. Snapchat. E-Sports.
A decade or two ago, terms like these would mean nothing to us…but now, they’re some of the biggest influences in the sports industry – as both engagement platforms, and areas ripe for sponsorship.
But with new opportunities come new challenges, and the sports and entertainment world is no exception. As sponsorship models have evolved over the years, so too have the tools that brands and rights holders use to manage them.
Join us on October 25 at 1 p.m. ET as Owen Poindexter, Editor at Front Office Sports, sits down with Marc Roots, Chief Product Officer at KORE, and Scott Tilton, Executive Vice President at KORE and Founder of HookIt, for a conversation about The Evolution of Technology in Sponsorship [[link removed]].
Register [[link removed]] for the webinar today!
Conversation Starters In Metaverse Essentials: Building the Future, a free five-lesson course, execs from Meta and top sports organizations examine the growing relationship between the metaverse and the sports industry. Register now [[link removed]]!* On Friday, the trial is slated to begin [[link removed]] in Alana Gee v. NCAA — a case that could finally hand down a ruling on the NCAA’s culpability with traumatic brain injuries. Mark Cuban paid [[link removed]] $285 million for the Dallas Mavericks in 2000. The team is now worth $4.6 billion, per Forbes. Today's Action
MLB
07:37 PM
Padres (-110) at Phillies (-110)
Bet Now [[link removed]]
NCAA
08:00 PM
UAB (+105) at Western Kentucky (-125)
Bet Now [[link removed]]
NCAA
07:30 PM
Tulsa (-500) at Temple (+400)
Bet Now [[link removed]]
*All times are EST unless otherwise noted.
*Odds/lines subject to change. T&Cs apply. See [[link removed]] for details.
Question Of The Day
What is your spirit of choice?
Tequila [[link removed]] Vodka [[link removed]] Whiskey [[link removed]] Other [[link removed]]
Thursday’s Answer
43% of respondents follow sports leagues that are primarily outside of the U.S.
*Sponsored Content
If this email was forwarded to you, you can subscribe here [[link removed]].
Written by Justin Byers [[link removed]], Owen Poindexter [[link removed]], Amanda Christovich [[link removed]] Edited by Matthew Tabeek [[link removed]], Brian Krikorian [[link removed]]
MORE FROM FRONT OFFICE SPORTS:
The Leadoff [[link removed]] - Daily business of sports podcast
Front Office Sports Pro [[link removed]] - The most promising opportunities where sports meets industry
Front Office Sports Learning [[link removed]] - Professional education at the speed of culture
Copyright © 2022 Front Office Sports. All rights reserved.
80 Pine Street Suite 3202 New York, NY 10005
Advertise [[link removed]] / Update your preferences [link removed] / Unsubscribe [link removed]
Read in Browser [[link removed]]
POWERED BY
Major League Baseball continues to exceed [[link removed]] ratings expectations this postseason. Following a 64% year-over-year spike in viewership for the opening Wild Card round, the four Division Series on TBS and Fox/FS1 averaged 3.47 million viewers — the highest since 2017.
Titans Stadium Could Get Most Public Money Ever for An NFL Project [[link removed]]
Christopher Hanewinckel-USA TODAY Sports
The Tennessee Titans could be on the receiving end of the most public money ever allocated for an NFL project with their proposed domed stadium.
Earlier this month, Nashville mayor John Cooper agreed [[link removed]] to a deal with the NFL to build a new stadium that can host major sporting events including the Final Four and Super Bowl — to the tune of up to $2.2 billion.
The pending project is expected to receive a $500 million bond from the state.The bond includes [[link removed]] interest — and state taxpayers will be responsible for it.A 1% tax on hotel rooms in Davidson County will help fund the project, as well as a sales tax at the new stadium and on its 130-acre campus.
The Titans could surpass the Las Vegas Raiders’ $750 million in public funds [[link removed]] to open Allegiant Stadium in 2020 for $1.97 billion.
It would also put the project ahead of the Indianapolis Colts’ Lucas Oil Stadium, which used $620 million in public funds to open the $720 million facility in 2008.
Trust the Process
The proposed domed project is still awaiting approval by the Nashville Metro Council, which commissioned [[link removed]] a “condition assessment” in June at Nissan Stadium — the Titans’ current home — after the team claimed that upgrading the facility would cost roughly $1.8 billion.
The expensive upgrades were a stark increase from the $293.2 million consulting company Venue Solutions Group said was needed to keep Nissan Stadium viable through 2037.
FIFA Kicks Back At Lowball Bids for Women’s World Cup [[link removed]]
Michael Chow-USA TODAY Sports
The international governing body of soccer knows women’s sports are more popular than ever — and expects broadcasters to pay accordingly.
FIFA has rejected several bids for media rights to the 2023 Women’s World Cup for being too low, according to its chief business officer Romy Gai.
“This is not a case of being priced out,” Gai told [[link removed]] Bloomberg, “but rather testament to a lack of willingness of broadcasters to pay what the women’s game deserves.”
FIFA has yet to name the broadcasters that submitted bids but rejected offers from Italy, Germany, France, and the U.K. It is also expected to deny a bid in Spain.
The 2019 Women’s World Cup drew 1.12 billion total viewers, per [[link removed]] FIFA.993.5 million viewers watched on TV, while 481.5 million used digital platforms.
The 2023 Women’s World Cup — which runs July 20 through Aug. 20 — stands to be a promising broadcast opportunity in the wake of increasing global interest in women’s soccer.
In July, the UEFA Women’s Euro 2022 had a projected global cumulative live viewership of 365 million — making it the most-watched edition ever. The tournament was also the best attended in history, with an average of 18,544 fans and a record aggregate attendance of 574,875 fans.
[[link removed]] Media [[link removed]] | by Abigail Gentrup [[link removed]] Women’s Euro 2022 Is Most-Watched Ever [[link removed]] The Women’s Euro 2022 brought in a record viewership of 365 million. August 31, 2022 Worthy Investment
All major segments of women’s soccer are expected to grow, setting the stage for what could be a record-setting Women’s World Cup.
Sponsorships are projected to increase sixfold for up to $300 million each year, while media rights could be worth more than $260 million each by 2033.
SPONSORED BY DRAFTKINGS
The Better Way to Play This NFL Season
From sports betting to NFTs, DraftKings [[link removed]] has the action you crave this NFL season.
DraftKings Daily Fantasy Sports let’s you:
Draft a new lineup whenever you want Pick from your favorite stars each week Play in a public contest or against friends in a private league Quickly enter contests anytime before the lineup lock Win cash prizes [[link removed]] weekly – paid out as soon as the contest ends
With NFL in full swing, get your game on and play for millions [[link removed]] in contest prizes for the remainder of the season!
Chess Grandmaster Makes His Countermove: Sues for $400M [[link removed]]
Shutterstock
Hans Moke Niemann is taking his attacking style from the chess board to the courts.
The 19-year-old grandmaster is suing [[link removed]] world chess champion Magnus Carlsen, his company Play Magnus, Chess.com, its chief chess officer Daniel Rensch, and grandmaster and popular chess streamer Hikaru Nakamura, for defamation and “colluding to blacklist” Niemann from chess.
The lawsuit, filed in a Missouri district court, seeks at least $400 million in damages across five causes of action.
Carlsen shook the chess world in September by withdrawing from the Sinquefield Cup, which carries a $350,000 prize pool, after losing to Niemann. He later accused [[link removed]] Niemann directly of cheating in a written statement.Nakamura stated that he was suspicious of Niemann following the match, namely due to Niemann’s postgame analysis, which he and other grandmasters found lacking.
Chess.com, which Niemann’s lawyers, Terrence Oved and Darren Oved, called a “multibillion-dollar behemoth,” agreed to buy Play Magnus for $83 million in August.
Athletes [[link removed]] | by Owen Poindexter [[link removed]] Report Alleges Chess Grandmaster Cheated in Over 100 Games [[link removed]] Chess.com found that grandmaster Hans Niemann cheated extensively. October 5, 2022 Did He or Didn’t He?
Niemann admitted cheating online in isolated incidents at the ages of 12 and 16 and once for prize money at 12, but otherwise claimed he has “never cheated” during in-person games or prize money events, calling it “the worst thing I could ever do.”
Chess.com later put out a report stating that Niemann “has likely cheated in more than 100 online chess games, including several prize money events.”
The report drew no firm conclusions on any of Niemann’s over-the-board games, including the fateful one against Carlsen.
College Football Programs Suffered 43% Revenue Drop in Pandemic [[link removed]]
Kirby Lee-USA TODAY Sports
When the pandemic struck, athletic department officials nationwide geared up for major revenue decreases.
New data released by the NCAA this week revealed [[link removed]] the extent of those pandemic budget declines during the 2020-21 season.
FBS programs generated a median revenue of $35 million — down 43% compared with 2019-20. But with less travel and competition, median expenses declined, too — down 17% to about $65 million.Power 5 schools felt the impact of COVID the most, experiencing a median drop of more than $20 million between 2019 and 2021. None of the other factions came close.
That didn’t stop Power 5 schools from spending big during the COVID year, however, allocating 42% of revenue to coaching and administrative salaries, despite widespread layoffs [[link removed]], hiring freezes, and salary cuts.
Both Power 5 and Group of 5 schools spent more on coaches salaries than any other line item.
Future Revenue
That trend is expected to continue as programs increasingly move above and beyond recovery.
Media contracts and bowl game revenue comprised the largest portion of Power 5 revenue even in a pandemic year — 45% of total income. But between the projected growth of CFP media rights revenue [[link removed]] and multiple new broadcast contracts for the SEC and Big Ten [[link removed]], that number will likely continue to rise.
SPONSORED BY KORE
Learn How Engagement Marketing is Changing
Twitch. Snapchat. E-Sports.
A decade or two ago, terms like these would mean nothing to us…but now, they’re some of the biggest influences in the sports industry – as both engagement platforms, and areas ripe for sponsorship.
But with new opportunities come new challenges, and the sports and entertainment world is no exception. As sponsorship models have evolved over the years, so too have the tools that brands and rights holders use to manage them.
Join us on October 25 at 1 p.m. ET as Owen Poindexter, Editor at Front Office Sports, sits down with Marc Roots, Chief Product Officer at KORE, and Scott Tilton, Executive Vice President at KORE and Founder of HookIt, for a conversation about The Evolution of Technology in Sponsorship [[link removed]].
Register [[link removed]] for the webinar today!
Conversation Starters In Metaverse Essentials: Building the Future, a free five-lesson course, execs from Meta and top sports organizations examine the growing relationship between the metaverse and the sports industry. Register now [[link removed]]!* On Friday, the trial is slated to begin [[link removed]] in Alana Gee v. NCAA — a case that could finally hand down a ruling on the NCAA’s culpability with traumatic brain injuries. Mark Cuban paid [[link removed]] $285 million for the Dallas Mavericks in 2000. The team is now worth $4.6 billion, per Forbes. Today's Action
MLB
07:37 PM
Padres (-110) at Phillies (-110)
Bet Now [[link removed]]
NCAA
08:00 PM
UAB (+105) at Western Kentucky (-125)
Bet Now [[link removed]]
NCAA
07:30 PM
Tulsa (-500) at Temple (+400)
Bet Now [[link removed]]
*All times are EST unless otherwise noted.
*Odds/lines subject to change. T&Cs apply. See [[link removed]] for details.
Question Of The Day
What is your spirit of choice?
Tequila [[link removed]] Vodka [[link removed]] Whiskey [[link removed]] Other [[link removed]]
Thursday’s Answer
43% of respondents follow sports leagues that are primarily outside of the U.S.
*Sponsored Content
If this email was forwarded to you, you can subscribe here [[link removed]].
Written by Justin Byers [[link removed]], Owen Poindexter [[link removed]], Amanda Christovich [[link removed]] Edited by Matthew Tabeek [[link removed]], Brian Krikorian [[link removed]]
MORE FROM FRONT OFFICE SPORTS:
The Leadoff [[link removed]] - Daily business of sports podcast
Front Office Sports Pro [[link removed]] - The most promising opportunities where sports meets industry
Front Office Sports Learning [[link removed]] - Professional education at the speed of culture
Copyright © 2022 Front Office Sports. All rights reserved.
80 Pine Street Suite 3202 New York, NY 10005
Advertise [[link removed]] / Update your preferences [link removed] / Unsubscribe [link removed]
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