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KEYBANK AND THE BUFFALO SABRES ANNOUNCE 10-YEAR EXTENSION OF ARENA NAMING RIGHTS DEAL
Prnewswire· 2025-07-30 12:01
In addition to the arena naming rights, the longstanding partnership between the Sabres and KeyBank will introduce KeyBank as the team's away helmet sponsor starting in the 2025-26 season. KeyBank's collaboration with the Sabres dates back to 2015 and reinforces the commitment of both organizations to the Western New York community. KeyBank and the Buffalo Sabres' dedication to giving back to the city of Buffalo and the greater Western New York region will continue with the introduction of the HocKey Assist ...
X @Bloomberg
Bloomberg· 2025-07-23 16:54
NFL star Bobby Wagner has purchased a minority stake in the WNBA’s Seattle Storm https://t.co/rb1GyDtRs7 ...
WNBA Commissioner: Our teams are seeing valuations go up from $5M to $260M on average
CNBC Television· 2025-07-10 16:00
WNBA Expansion and Growth - WNBA is capitalizing on growing popularity and high demand, entering an expansion phase [3][4] - The league aims for 18 teams by the end of the decade, adding Cleveland, Detroit, and Philadelphia in 2028, 2029, and 2030 respectively, and Toronto and Portland next year [4][5] - Expansion balances game quality, player opportunities, and strategic city selection [5] Financial Performance and Valuation - WNBA is experiencing tailwinds for women's sports and sports in general, particularly in team valuations [6] - Positive elements like uniform patch valuations, media ad spots, and franchise valuations are driven by revenue and revenue multiples [7] - Capital raised in February 2022 helped the WNBA transition into a hypergrowth phase [8] - Team revenues are increasing from gate receipts, corporate partnerships, and local media deals [9] - Team valuations have significantly increased from $5 million to $260-270 million [9] Media and Partnerships - WNBA has signed a significant national media deal, including with NBC, starting next year [9] - Corporate partners and NBA/former NBA players are strong supporters of the WNBA [2]
Gray Telemundo Stations to Air Carolina Panthers Preseason Games in Spanish for the First Time
Globenewswire· 2025-07-10 13:30
Core Viewpoint - Gray Media and the Carolina Panthers have formed a partnership to broadcast all three Panthers preseason games live in Spanish, targeting Spanish-speaking audiences across the Carolinas [1][5]. Group 1: Partnership Details - The partnership will allow Spanish-speaking fans to watch every Panthers preseason game on six Gray Telemundo affiliate stations in South Carolina and Eastern North Carolina starting this August [2]. - The Spanish-language broadcasts will feature experienced sportscasters Carlos Ramirez and Ariana Figueroa, enhancing the viewing experience for fans [4]. - This initiative is part of a broader effort to build inclusive experiences for Spanish-speaking viewers and strengthen connections with Latino fans in the region [5][6]. Group 2: Broadcast Schedule - The 2025 Panthers preseason schedule includes games against the Cleveland Browns, Houston Texans, and Pittsburgh Steelers, with specific dates and times outlined [7]. - The broadcasts will be available on various Telemundo stations, including WDKT, WTES, WZCH, WXIV, WTWL, and WTGC [3][7]. Group 3: Company Background - Gray Media, the parent company, is the largest owner of local television stations in the U.S., reaching approximately 37% of U.S. television households [6][8]. - Tepper Sports & Entertainment, which owns the Carolina Panthers, aims to make the greater Charlotte metro area a premier destination for sports and entertainment [9].
Family Offices Invest Billions in Professional Sports Teams for Long Term Growth and Value-Building Legacies
Globenewswire· 2025-07-02 12:26
Core Insights - Brera Holdings PLC is focusing on expanding its global portfolio of men's and women's football clubs through a multi-club ownership strategy, highlighting the growing interest from family office investors in professional sports assets [1][2][8] - Family offices are emerging as significant players in professional sports investments, controlling approximately $5.9 trillion in assets worldwide, and reshaping ownership dynamics by investing in major franchises [2][3] - Brera's portfolio club, S.S. Juve Stabia, has seen a remarkable 245% increase in market value, reaching $32 million, indicating the effectiveness of Brera's ownership and the club's competitive growth in Italy's Serie B [2][3] Company Overview - Brera Holdings PLC aims to create social impact through its football business by developing a global portfolio of emerging football clubs, building on the legacy of Brera FC, which it acquired in 2022 [4][8] - The company has expanded its reach into Africa and made strategic acquisitions, including a 90% stake in North Macedonia's Fudbalski Klub Akademija Pandev and a majority stake in SS Juve Stabia [5][8] - Brera Holdings is recognized for its innovative approach to value creation and socially impactful outcomes in the global sports industry [8]
DICK'S Sporting Goods and the WNBA Renew Multiyear Partnership
Prnewswire· 2025-07-01 12:58
Company Overview - DICK'S Sporting Goods has extended its partnership with the WNBA through the 2028 season, continuing its role as the Official Sporting Goods Retailer and an Official Marketing Partner [1][3] - The company operates over 850 stores and offers a wide range of sporting goods, including WNBA apparel and equipment, available at more than 300 locations [6][5] Partnership Details - The renewed agreement includes DICK'S as a Proud Partner of the Jr. WNBA, focusing on inspiring girls to play basketball and providing local youth programming [2][3] - GameChanger, a DICK'S company, will enhance youth sports experiences through live streaming, scheduling, and scorekeeping as an Official Marketing Partner of the WNBA [2] Community Engagement - DICK'S has been involved in the "It's Her Shot" initiative, promoting youth participation in basketball for girls aged 8-18, hosting 20 events and reaching over 3,000 young athletes since 2021 [4] - The company has donated over $300,000 to youth organizations through its community initiatives [4] Market Impact - DICK'S aims to make WNBA jerseys more accessible, ensuring availability across all 13 WNBA markets and supporting jersey sales to amplify the visibility of the league's players [5] - The WNBA has been recognized as the fastest-growing brand in 2024 and ranked No. 4 on Fast Company's list of the World's 50 Most Innovative Companies of 2025, indicating a strong market presence [9]
XWELL Named Official Wellness Spa of the Orlando Magic
GlobeNewswire News Room· 2025-06-17 12:00
Core Insights - XWELL, Inc. has partnered with the Orlando Magic as the Official Wellness Spa, marking a strategic expansion into local markets, starting with Florida [1][2] - The partnership aims to enhance brand visibility and community engagement, promoting wellness beyond travel hubs [2][4] Group 1: Partnership Details - The collaboration includes brand integration across various platforms such as LED signage, radio promotions, and exclusive events [3] - XWELL will host co-branded wellness events featuring Magic alumni and entertainment teams, enhancing community interaction [3][5] - The partnership is expected to strengthen XWELL's customer acquisition efforts in Florida, focusing on expanding its medspa presence [4] Group 2: Strategic Goals - Florida is identified as a priority growth market for XWELL, with plans to increase brand awareness and establish connections with local consumers [2][4] - The partnership reflects a shared commitment to health and well-being for fans, players, and staff, aligning with both organizations' values [5] Group 3: Company Background - XWELL operates a portfolio of wellness brands, including Xpres Spa and Naples Wax Center, and aims to redefine the modern wellness experience [7] - The Orlando Magic, established in 1989, emphasizes community engagement and has contributed over $2 million annually to local initiatives [8][9]
Bull of the Day: Manchester United (MANU)
ZACKS· 2025-06-12 16:41
Core Viewpoint - Manchester United (MANU) is highlighted as a strong investment opportunity due to its recent earnings beat and consistent performance in exceeding market expectations [1]. Company Overview - Manchester United PLC operates a professional sports team, managing the Manchester United Football Club and its associated activities, including media, foundation, fan engagement, and merchandise [2]. Earnings History - The company has achieved four consecutive earnings beats against the Zacks Consensus Estimate, with an average positive earnings surprise of 56% over the past year [4]. - The latest earnings report showed a loss of -$0.04, significantly better than the consensus estimate of -$0.33, resulting in a positive earnings surprise of 87.5% [4]. Earnings Estimates Revisions - Earnings estimates for Manchester United have been revised upward, with the full year 2025 estimate improving from -$0.74 to -$0.38 over the last 30 days [5]. - For 2026, estimates have also increased from -$0.82 to -$0.17 during the same period [5].