General

OKC Dodgers

No MiLB

  • This article was first published in the FOS Daily Newsletter. Subscribe here.
  • There will officially be no Minor League Baseball in 2020.

There will be no minor league baseball in 2020. MiLB announced yesterday that it was canceling the season after MLB teams said they would not provide affiliated clubs with players. With no games this year, some communities might not have a goodbye tour for their local teams as MiLB had started to work with MLB to realign the minors and eliminate approximately 40 organizations. Minor League Baseball is now in “dire straits,” according to MiLB CEO Pat O’Conner. “It’s north […]

Read More
Adidas Bag

HR Shake Up

  • This article was first published in the FOS Daily Newsletter. Subscribe here.
  • Adidas Global Head of Human Resources Karen Parkin has stepped down.

Following employee complaints about the culture and lack of diversity at Adidas, the company’s global head of human resources Karen Parkin is stepping down. In June, some Adidas employees questioned whether Parkin had addressed racial issues appropriately, sending a letter directly to the company’s supervisory board. The board rejected the statements made in the letter. In a meeting last year, Parkin said racism was “noise” that is only discussed in America, and that she didn’t believe the brand had an […]

Read More
Wimbledon

Insurance Volley

  • This article was first published in the FOS Daily Newsletter. Subscribe here.
  • Wimbledon should receive a payout greater than $100 million.

Wimbledon, which was scheduled to start on Monday, is set to receive more than $100 million thanks to a pandemic insurance policy. Tournament organizers canceled the event for the first time since 1945 because of the coronavirus. Wimbledon is one of the rare sporting events to purchase pandemic insurance, paying roughly $2 million a year the last 17 years – a strategy that dates back to the SARS outbreak in 2002. While that more than $100 million will only pale […]

Read More
U.S. Open

Fox Drops Golf

  • This article was first published in the FOS Daily Newsletter. Subscribe here.
  • NBC will pick up the deal, paying $37 million a year.

Fox Sports and the U.S. Golf Association are ending their 12-year, $1.2 billion media rights deal seven years early. The broadcast deal includes the U.S. Open, which is scheduled to start on September 17 after being postponed in June. NBC Sports, which previously held the rights before being outbid by Fox in 2015, is acquiring the rights from the network and will assume the remainder of the deal through 2027. NBC is also expected to pay just $37 million per […]

Read More
Lululemon

Lululemon’s Mirror

  • This article was first published in the FOS Daily Newsletter. Subscribe here.
  • Lululemon buys the at-home fitness equipment and service company for $500 million.

Lululemon is making a play into the fitness industry as it will buy startup Mirror for $500 million. Last year, the Vancouver-based athleisure company invested $1 million into Mirror, most known for its nearly $1,500 wall-mounted machine that streams workouts with a $39 monthly fee. “This isn’t just about getting guests to buy apparel,” Lululemon CEO Calvin McDonald told the New York Times. “This is about strengthening our community and our loyalty and our relationship with our guests and memberships, […]

Read More
Rudy Gobert

Positive Tests

  • This article was first published in the FOS Daily Newsletter. Subscribe here.
  • MLB released health and safety protocols for 2020, including no spitting.

Utah Jazz forward Rudy Gobert’s positive coronavirus test in March shut down the sports world, and while it’s now starting back up, athletes are still testing positive. Gobert’s case in particular has left him with lasting effects, including trouble smelling. As MLS looks to start back up next month in Florida, more than 26 people connected with the league tested positive, including 18 players. Since training started on June 4, 668 MLS players have been tested, with a 2.7% positive […]

Read More
Nike Sign

Nike Layoffs Expected

  • This article was first published in the FOS Daily Newsletter. Subscribe here.
  • Layoffs are reportedly not connected to revenue losses in previous quarter.

Nike plans on reducing jobs but the layoffs are reportedly not connected to its 38% fourth-quarter revenue drop announced last week. The job reduction would “not be done for cost reasons,” or because of the pandemic, according to an email sent by Nike CEO John Donahoe. The layoffs would be restructuring moves to help fix the “overburdened matrix,” aiming to simplify how Nike works and increase its speed and responsiveness, according to the memo. Workers within retail stores, distribution centers, […]

Read More
Morehouse College

Weekend Wrap

  • This article was first published in the FOS Daily Newsletter. Subscribe here.
  • Morehouse College canceled its fall sports, NBA works on fanless experience.

The National College Players Association sent a letter to Congress to “pursue broad-based reform” as opposed to adopting bills that would preempt any state-level laws around compensation for student-athletes. The letter asks lawmakers to decline legislation that would make competitive equity impossible in college athletics. A bill introduced in the U.S. Senate earlier this month would require the NCAA to make rule changes regarding athletes’ ability to make money from their name, image and likeness while giving the association protection […]

Read More
FC Cincinnati Stadium

Privately Financed

  • This article was first published in the FOS Daily Newsletter. Subscribe here.
  • MLS teams currently have more than $2 billion worth of stadiums in development.

As MLS expands, teams are moving away from the publicly-financed stadium route. There are currently seven teams developing privately-financed homes worth a collective $2.85 billion. Teams and owners taking on the onus of these major projects is likely a relief to communities that have offered up billions of dollars for new MLB, NBA, NFL, and NHL arenas the past several decades, and in some cases shown regret since. Cincinnati, for example, shelled out $1.2 billion in taxpayer money for the […]

Read More
Adam Silver

Restarts At Risk

  • This article was first published in the FOS Daily Newsletter. Subscribe here.
  • Adam Silver said the NBA could come to a halt if coronavirus runs rampant.

The plan to restart the NBA season in Orlando is still on track, but as cases spike across the country – and the league – Commissioner Adam Silver said a spread in the NBA community could stop it for a second time. “Never full steam ahead no matter what,” Silver said during the TIME 100 Talks. “One thing we are learning about this virus is much [is] unpredictable, and we and our players together with their union look at the […]

Read More

End of content

No more pages to load