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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].
X @Forbes
Forbes· 2025-06-11 22:45
Team Valuation - The Golden State Valkyries are projected to be the WNBA's most valuable team next year [1] Industry Outlook - The WNBA is experiencing growth and increased attention [1]
Three New Members Join Southern Nevada's Largest Regional Development Authority Board: HCA Healthcare, MLB Athletics, and UNLV Leadership
GlobeNewswire News Room· 2025-06-06 17:00
Core Viewpoint - The Las Vegas Global Economic Alliance (LVGEA) has appointed three new members to its Board of Directors, enhancing its capacity to drive economic growth in Southern Nevada [1][2]. Group 1: New Board Members - Jackie Van Blaricum, President of HCA Healthcare Far West Division, has nearly 24 years of experience at HCA and is recognized for her leadership and commitment to community health [2][3][4]. - Marc Badain, President of MLB Athletics, is leading the franchise's relocation to Las Vegas and has extensive experience in major league sports, including overseeing the Raiders' relocation [5][6][7]. - Dr. Chris Heavey, Interim President of UNLV, has over 30 years of experience in education and research, focusing on aligning education with regional workforce needs [7][8][9]. Group 2: Contributions to Economic Growth - The new board members bring expertise from healthcare, sports, and education, which are crucial sectors for the economic development of Southern Nevada [2][7]. - Their collective experience and commitment are expected to foster community-driven growth and enhance the region's appeal as a place to live and work [2][7][10]. - LVGEA aims to leverage these leaders' insights to strengthen local healthcare, support innovation, and create new opportunities for residents [4][10].
Gray Media Bolsters Broadcast Partnership with The New Orleans Saints
Globenewswire· 2025-06-04 14:00
Core Points - Gray Media has extended its broadcast partnership with the New Orleans Saints for five years, lasting until the end of the 2029 NFL season [1][2] - The partnership aims to enhance community sports coverage and provide fans with exclusive access to Saints programming [2][4] Company Overview - Gray Media, Inc. is the largest owner of local television stations in the U.S., reaching approximately 37% of U.S. television households [10] - The company operates in 113 television markets and includes a significant portfolio of digital assets and production companies [10] Broadcast Details - The 2025 Saints preseason games will be aired on Gray's 15-station Saints Pre-Season Network, including WVUE Fox 8 [3][6] - The preseason schedule includes games against the Los Angeles Chargers, Jacksonville Jaguars, and Denver Broncos [6] Programming Initiatives - Gray Media and WVUE will co-produce new exclusive Saints-related programming for the Gulf Coast Sports and Entertainment Network (GCSEN) [5][8] - An exclusive NFL Films documentary titled "Waiting on Moore" will premiere on GCSEN, focusing on the Saints and new Head Coach Kellen Moore [8] Additional Programming - WVUE will produce five weekly Saints-related programs to air on Fox 8 and/or GCSEN [7][11] - The programming includes live shows such as the Daily Training Camp Show, Extended Pre-Game Show, and various podcasts [11]
Intermex and Houston Dynamo FC Partner to Celebrate Latino Heritage and the Spirit of Fútbol
Globenewswire· 2025-06-03 12:00
Company Overview - International Money Express, Inc. (Intermex) is a leading money remittance provider focused on Latin America and the Caribbean, founded in 1994 [5] - The company utilizes proprietary technology to facilitate money transfers from various countries to over 60 destinations [5] - Intermex operates through a combination of digital platforms and a network of retail agents and company-operated stores [5] Partnership Announcement - Intermex has announced a new partnership with Houston Dynamo FC, a Major League Soccer team, aimed at promoting Latino culture through soccer [1][2] - This collaboration is significant in Houston, where over 45% of the population identifies as Latino, and Latino fans constitute nearly 70% of the MLS audience [2] Cultural and Community Engagement - The partnership seeks to enhance cultural pride, family connections, and community empowerment through various initiatives [2][4] - Intermex's Chief Product, Marketing & Digital Officer emphasized the importance of connecting with customers beyond financial services through shared heritage and passion for soccer [3] - The collaboration will include in-stadium experiences, community events, and cultural celebrations that honor the Latino community [4] Houston Dynamo FC Overview - Houston Dynamo FC is part of a multi-faceted organization that includes the Dynamo, the Houston Dash, and the Houston Dynamo Academy [6] - The club has a history of success, including two MLS Cup championships and participation in international competitions [6] - Recent investments include a multi-million-dollar renovation of Shell Energy Stadium and a new headquarters in East Downtown Houston [6]