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NHL Commissioner Gary Bettman on team valuations, possible expansion and prediction markets
CNBC Television· 2025-11-25 13:04
NHL Valuations and Financial Performance - The average NHL team is now worth $22 billion, a 15% jump from last year [1] - Toronto Maple Leafs are valued at $43 billion, topping the list [1][2] - NHL valuations have increased roughly 100% over the last three years [2] - The new national deal in Canada is about two and a half times larger than the previous 12-year deal with Rogers [7] - NHL expansion will only be considered if it starts with a $2 billion expansion fee [10] Media Deals and Revenue - Regional sports networks are healthier in Canada than in the US [6] - The importance of live sports content is holding its own in a fragmented marketplace [7] - NHL has deals in place with Walt Disney Company (ESPN, ABC) and Time Warner Discovery [8] Competitive Balance and Future Prospects - The league has never been more competitive, and franchises have never been healthier [9] - NHL has the best competitive balance of the major sports due to its cost certainty system [13] - The league is optimistic about future prospects due to the product on the ice and increased valuations [9] Prediction Markets and Integrity - NHL has aligned with the prediction market to give fans access to real data and maintain control [16][17] - The league monitors betting and prediction lines to prevent cheating [17] - Sports betting entities or the prediction market entities gives the ability to have more control and to observe more closely exactly what's going on [18]
NBA Africa CEO on Building Africa's Sports Future
Bloomberg Television· 2025-10-26 06:00
Growth & Expansion - NBA estimates over 1 billion fans globally, with Africa contributing significantly [2] - BAL (Basketball Africa League) has shown a powerful proof of concept in its first five years [17] - BAL's expansion plans include targeting countries with strong basketball culture and infrastructure, such as South Africa, Senegal, Nigeria, and Angola [20][21][22] - NBA Africa aims to expand to 10-20 countries, creating a platform for job creation and economic development [16] Grassroots Development & Talent Pipeline - NBA invests in grassroots basketball development programs like the Junior NBA Program, reaching 350,000 boys and girls in schools [6] - Basketball Without Borders program identifies and develops talented players, with alumni like Pascal Siakam and Joel Embiid [7] - Khaman Maluach's success story exemplifies the potential pathway from grassroots programs to the NBA [9] Economic Impact & Job Creation - BAL's first four years have created close to 40,000 jobs and contributed $250 million to GDP in four countries [15] - NBA Africa aims to catalyze economic development using sports and basketball, focusing on the entire ecosystem beyond the court [12][13] - Investment in infrastructure, such as arenas, is crucial for further job creation and economic growth [17][19] Fan Engagement & Market Potential - Basketball's popularity in Africa is driven by a youthful population (median age 19) and its connection to culture, music, and entertainment [3] - YouTube viewership of BAL games reached nearly 4 million, with significant viewership from the U S [27] - Arena attendance for BAL games has grown from 45,000 to 140,000 in less than four years [28]
X @Forbes
Forbes· 2025-07-30 18:40
Operational Impact - NFL's New York office temporarily closed following a shooting incident [1] Safety & Security - Shooting targeted the league [1]