February 6, 2023
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Tom Brady told Colin Cowherd Monday that he plans [[link removed]] to start his career as Fox Sports’ No. 1 analyst in Fall 2024 — apparently closing the door on a Super Bowl cameo.
Then again, maybe Brady — who signed a 10-year, $375 million to join play-by-play announcer Kevin Burkhardt on the network’s No. 1 announce team — might just want to un-retire again?
Teams Man City Accused of Breaking Rules Over Financial Reporting [[link removed]]
Manchester City FC
The Premier League has charged the world’s richest soccer team with breaking financial rules.
Manchester City, which retained [[link removed]] its position as the highest revenue-generating soccer team at $794 million for the 2021-22 season, has been referred [[link removed]] to an independent commission by the top-flight English league over alleged breaches of its financial rules each season from 2009-10 to 2017-18.
The Premier League alleges the club failed to provide accurate information representing a “true and fair view of the club’s financial position.” Man City also allegedly didn’t provide full details of player remuneration from the 2010-11 to 2015-16 seasons and manager remuneration from the 2009-10 to 2011-12 seasons. It also allegedly breached Union of European Football Associations Club Licensing and Financial Fair Play Regulations between 2013 and 2018.
Since the club was purchased [[link removed]] in 2008 by a member of the Abu Dhabi royal family, it has spent more than roughly $2.25 billion on buying players, according to Transfermarkt.
The Premier League also claims the club — which Forbes last valued at $4.25 billion — didn’t cooperate or assist with investigations over the last four years.
A commission will be held [[link removed]] in private, and the team could face fines, point deductions, or relegation from the league.
Not the First Time
Manchester City was previously given [[link removed]] a two-year ban from UEFA competitions for allegedly breaking FFP regulations in February 2020, which was later overturned by the Court of Arbitration for Sport.
Media Fox Fetches Record $7M For Some Super Bowl Ads [[link removed]]
Joel Angel Juarez / USA TODAY NETWORK
Despite a slowing economy, advertisers are still willing to pay top dollar to be in the biggest TV event of the year.
Fox has officially sold out its advertising inventory for Super Bowl LVII in record fashion.
The network sold 30-second ads for over $6 million on average, with some exceeding a record $7 million. While Fox Corp. has sold out in-game Super Bowl commercials, it’s still selling spots for pregame and a potential overtime. The company expects to generate more than $500 million in advertising revenue from the game.
As previously reported, [[link removed]] Anheuser-Busch bought the most airtime (three minutes) for Sunday’s game despite no longer being the exclusive advertiser in the alcohol category.
Anheuser-Busch had been the sole [[link removed]] alcohol advertiser since 1989, but now Heineken, Diageo, Remy Martin, and Molson Coors will get into the game.
Zero Crypto
A year after Crypto.com, FTX, and Coinbase spent [[link removed]] millions on ads, there won’t be a single crypto ad during Sunday’s game.
“There’s zero representation in that category on the day at all,” said Mark Evans, executive VP of ad sales for Fox Sports, per [[link removed]] The Associated Press.
The digital asset market struggled in the months after those three companies advertised in last year’s Super Bowl, highlighted by FTX’s [[link removed]] failure and bankruptcy in November. Sam Bankman-Fried, FTX’s founder and CEO, is currently facing multiple federal fraud and conspiracy charges.
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Law Orioles Owners Drop Lawsuits Against Each Other [[link removed]]
Tommy Gilligan-USA TODAY Sports
The family feud embroiling the Baltimore Orioles’ ownership has come to an end.
Lawsuits involving team co-owner Georgia Angelos and her two sons John and Louis have all been settled [[link removed]]. John Angelos is the Orioles’ chairman and CEO.
Georgia’s husband Peter Angelos, 93, has an estimated net worth of $2 billion and is in poor health.
In June, Louis Angelos sued his brother and mother, alleging that they were seeking to cut him out of the family fortune. He later added that they drew down a $65 million bank account in part to buy an increased ownership share in the Orioles. John said in January that his parents hold more than 70% of the team. Georgia sued Louis in August for “financial elder abuse,” saying that he sought to sell Peter’s law firm, which Louis now runs, to himself.
The suits have all been settled “with prejudice,” meaning none of the parties involved can bring the same suit again.
Empty Nest?
The Orioles rejected [[link removed]] a five-year lease extension on Camden Yards in pursuit of a longer-term commitment. The team’s current lease expires at the end of the year.
The team and Maryland Gov. Wes Moore released a statement last week affirming their “commitment to creating a long-term, multi-decade, public-private partnership.”
The Orioles unlock $600 million in public funding on the signing of a new lease.
Conversation Starters The Super Bowl is returning to normal from a press perspective, with accredited media returning [[link removed]] to pre-COVID-19 levels. The PGA tour is seeking a delay [[link removed]] in the civil antitrust lawsuit filed by LIV Golf. Watch [[link removed]] Las Vegas Raiders’ Maxx Crosby tell young reporter Jeremiah that he’s headed to the Super Bowl.
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What to Watch
The Texas Longhorns (19-4) take on the Kansas Jayhawks (18-5) on Monday at Allen Fieldhouse.
How to Watch: 9 p.m. ET on ESPN
Betting Odds: Kansas -4 || ML -180 || O/U 14
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We have teamed up with the Pac-12 Conference to provide a VIP experience [[link removed]] to the Pac-12 Men’s Basketball Tournament in Las Vegas from March 8 to March 11, 2023.
One lucky winner will receive two (2) all tournament passes with club access to the tournament at T-Mobile Arena. The winner will also receive a hotel room at an MGM Resorts property for four (4) nights in Las Vegas, a $300 food and beverage voucher valid at MGM restaurants, and two (2) tickets to Cirque du Soleil’s Mad Apple show. For more information on the Pac-12 Men’s Basketball Tournament, visit Pac-12.com [[link removed]]. See Official Rules [[link removed]] for details.
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