November 22, 2022

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College athletes like Blake Corum are putting their NIL earnings to very good use. The Michigan running back purchased [[link removed]] 300 Thanksgiving turkeys for the school’s Ann Arbor community — the second year the junior has redistributed NIL proceeds for the cause.

FIFA Brings in Record Haul for Scandal-Plagued World Cup [[link removed]]

Danielle Parhizkaran-USA TODAY Sports

A steady stream of controversy hasn’t stopped FIFA from earning an incredible sum from this year’s World Cup.

Soccer’s global governing body said Sunday that it banked [[link removed]] a record $7.5 billion in commercial deals for the four years associated with this World Cup.

That sum represents an increase of more than $1 billion from the four-year cycle associated with the 2018 World Cup in Russia.Sponsors from host country Qatar helped drive revenue. Qatar Energy is a top-tier sponsor of the tournament, while bank QNB and telecom company Ooredoo are third-tier.FIFA’s reserves will reach around $2.5 billion.

The tournament could reach over 5 billion viewers, more than 60% of the world’s population.

Watching the Media

The nature of the media coverage and treatment of media members have both received ample negative attention in the tournament’s early stages.

Writer Grant Wahl said [[link removed]] he was detained and had his phone temporarily confiscated for refusing to take off a shirt that showed a soccer ball surrounded by a circular rainbow. Security officials said the shirt was political and could lead to issues in Qatar, where homosexuality is illegal.

New York Times reporter Andrew Das was also briefly detained after Wahl told him what was happening in the middle of the incident.

Fox, which holds English-language rights to the World Cup in the U.S., has received [[link removed]] broad criticism for ignoring Qatar’s human rights issues.

Verstappen Formula 1’s Top Earner [[link removed]]

Jerome Miron-USA TODAY Sports

Max Verstappen is Formula 1’s highest-paid driver — though rival Lewis Hamilton makes up the gap off the track.

Red Bull’s Verstappen, who wrapped up his second consecutive driver’s championship on Sunday, booked $60 million in 2022, with $20 million coming from bonuses, according [[link removed]] to Forbes.

Mercedes’ Hamilton earned $55 million, all of which came from his regular salary with no bonus money.Alpine’s Fernando Alonso brought in $30 million, despite a ninth-place finish in the standings, followed by Verstappen’s teammate Sergio Perez ($26 million, third place in standings), and Ferrari’s Charles Leclerc ($23 million, second place).The biggest gap between teammates was between Hamilton and George Russell, who earned $10 million, including $7 million from bonuses, making him the 10th-highest paid driver. Russell finished fourth in the standings to Hamilton’s sixth.

Retiring legend Sebastian Vettel and Daniel Ricciardo, whose contract with McLaren is being terminated early, tied for sixth in earnings with $17 million. Ferrari’s Carlos Sainz, eighth with $15 million, and McLaren’s Lando Norris, $11 million, filled out the top 10.

Off the Grid

While Forbes’ tabulation only included salaries and bonuses from drivers’ F1 teams, Hamilton brings in an estimated $8 million through endorsements and investments. The revered driver’s deals include ones with IWC, Monster Energy, Puma, and, naturally, Mercedes-Benz.

He also owns a stake in the Denver Broncos and launched a film and TV production company called Dawn Apollo Films.

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World Cup Takes On NFL, College Football For U.S. Viewers [[link removed]]

Cheryl Evans / USA TODAY NETWORK

The FIFA World Cup is the biggest soccer event in the world — but this year, it’s facing competition from America’s most popular sport.

World Cup matches will compete for viewers in the U.S. with college and professional football games over the Thanksgiving holiday weekend. The tournament is normally a summer event but was pushed to the fall this year due to Qatar’s extreme temperatures.

The difference in time zones will also create a challenge for Fox and Telemundo — who bought [[link removed]] U.S. rights for the 2018 and 2022 tournaments for $1 billion — but the two networks don’t seem to be worried about numbers.

Between the New York Giants-Dallas Cowboys game on Thanksgiving (as part of an NFL triple-header), Black Friday’s U.S.-England World Cup match, Saturday’s University of Michigan-Ohio State University game, and Sunday’s slate of NFL games, Fox Sports CEO Eric Shanks expects 120 million viewers.

Bill Wanger, head of programming and scheduling at Fox Sports, said he thinks its ratings “will be just fine, particularly with the U.S. qualifying this time around.”Telemundo president Ray Warren expects “the biggest audience Telemundo has ever seen for a World Cup.”

Fox is reportedly charging advertisers an average of $300,000 for 30-second spots, but $700,000 for Friday’s U.S.-England match. In 2018, the tournament reportedly generated $384 million in national TV advertising for Fox and Telemundo.

Global Fans

Viewership is already up overseas.

The tournament’s opening match — Ecuador’s 2-0 win over Qatar — averaged [[link removed]] 6.2 million viewers in the U.K., 2 million more than 2018’s opener.

Bad Weather Dampens Drive Shack’s Quarter [[link removed]]

Drive Shack

The owner of a golf-related leisure and entertainment business weathered a literally stormy third quarter.

Drive Shack generated [[link removed]] $88.7 million in revenue in Q3 2022, a 16% increase compared to the same period last year. Its entertainment golf business — comprising both Drive Shack and Puttery venues — saw revenue reach $16.7 million for the period ending Sept. 30, a 47% uptick year-over-year.

The company’s American Golf business posted $71.8 million in revenue, up 10% year-over-year.Drive Shack venues reported revenue of $10.1 million, down from $10.5 million in Q3 2021.The company attributed the decline in revenue to unfavorable weather.Puttery venues generated total revenue of $6.6 million in Q3 2022.

In September 2021, Drive Shack gained access to more than 130 million people who play [[link removed].] mini-golf each year with the launch [[link removed]] of Puttery — an indoor golf experience. Puttery opened its first venue in Texas and currently operates 11 locations, most recently with an opening in Chicago.

The mini-golf industry has an annual total revenue that exceeds $1 billion.

Major Investment

Puttery received an investment [[link removed]] in 2021 from four-time golf major champion Rory McIlroy and his investment group, Symphony Ventures.

Symphony has committed at least $10 million for 10% ownership of each Puttery venue that opens through 2023.

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Conversation Starters From buzzer-beaters on the hardwood to Hail Marys in the end zone, Atmosphere Sports is bringing sports back to the center with scores, highlights, and more. Learn more [[link removed]].* FOS is on the lookout [[link removed]] for the Best Employers in Sports. Let us know if your company deserves a shot at the coveted award. A second federal lawsuit filed on behalf of FTX investors lists the same high-profile defendants from Tom Brady to Shohei Ohtani takes a different [[link removed]] legal argument than last week’s lawsuit. Question Of The Day

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