sportsbiz

Orlando

Orlando Ready For Big Boost From MLS, NBA Exposure

  • With MLS and the NBA planning to resume play at Disney World, the Greater Orlando Sports Commission receives an added boost to help bring in more sports.
  • Although previous events were canceled, the GOSC comes out of the pandemic hiatus with billions of dollars worth of new potential events.

As communities across the U.S. lost millions, if not billions, of economic impact from the loss of sporting events, Orlando is about to see a major boost. Both MLS and the NBA are expected to resume their seasons at the ESPN Wide World of Sports at Disney World, and while fans will not be in attendance, the two major league events will have lasting benefits to the Orlando community, according to Jason Siegel, Greater Orlando Sports Commission president and chief […]

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Athletic Brewing beer

Athletic Brewing Pushing Non-Alcoholic Beverage Category Into Sports

  • Athletic Brewing’s $17.5 million Series B funding included Darren Rovell.
  • The non-alcoholic segment is growing 44% this year.

After launching in 2018, non-alcoholic beer brand Athletic Brewing has seen explosive growth and is looking toward sports to continue its climb.  The company maxed out capacity at its Connecticut production facility and has taken over the San Diego production facility of Ballast Point Brewing Co., expanding its beer-making capabilities tenfold. That will now allow Athletic Brewing to grow its presence in sports, both in terms of availability at events as well as through sponsorships “Our sports budget is as […]

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Liverpool

Amazon’s Free Play

  • This article was first published in the FOS Daily Newsletter. Subscribe here.
  • Amazon will air four English Premier League games for free in the U.K.

Amazon has announced it will stream its four remaining Premier League games this season for free in a rare public offering of the Premier League in the U.K. English soccer fans will see more free games than ever as 33 of the remaining 92 matches will be free-to-air once the league kicks off June 17. Amazon will air four games BBC will broadcast four games – its first time airing the Premier League Sky Sports will make 25 games free […]

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Orlando

Orlando Sports Haven

  • This article was first published in the FOS Daily Newsletter. Subscribe here.
  • Although events were canceled, the GOSC comes out of the pandemic hiatus with billions of dollars worth of new potential events.

The NBA and MLS returning to action at Disney World will amplify the silver lining from the pandemic for the Greater Orlando Sports Commission. Since the NBA season shut down in March, Orlando has lost out on a projected $44.1 million worth of sports-related economic impact. Those losses hurt, but with no events to manage, the GSOC doubled down on its business development and kept the future of the region’s sports tourism humming. While the GSOC saw 13 events canceled, […]

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Kyle Lowry

It’s A Date

  • This article was first published in the FOS Daily Newsletter. Subscribe here.
  • The NBA set its dates for the rest of the year, including a potential NBA Finals Game 7 on Oct. 12.

As the NBA Board of Governors approved the 22-team return to play plan at Disney World, they also worked out the schedule: June 30: Training Camp Starts July 7: Teams Travel to Orlando July 31: Season Resumes Oct. 12: Potential NBA Finals Game 7 Oct. 15: 2020 NBA Draft Oct. 18: Free Agency Begins Nov. 10: Training Camp Target for 2020-21 Season Dec. 12: Opening Night Target for 2020-21 Season Other Sports Updates: Opening Day at New York’s Belmont Park […]

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University of Phoenix Stadium

Bonds Away

  • This article was first published in the FOS Daily Newsletter. Subscribe here.
  • There has been $17 billion in public stadium financing since 2000

Cities that sold bonds to finance stadium construction may be in a perilous position while the games, concerts, and events meant to generate cash for payments remain on hold. Tourism taxes have been levied to pay for nearly 40% of $17 billion in public stadium financing since 2000, according to the Brooking Institution. Though the industry has halted, bills have not. However, not all deals are the same in the $4 trillion U.S. municipal bond market, and results may vary: […]

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Sounders

MLS Runs Forward

  • This article was first published in the FOS Daily Newsletter. Subscribe here.
  • The MLS is moving forward with its plan to restart the season in Orlando.

MLS is moving forward with a season restart in Orlando as the players union approved the plan Wednesday. The players also agreed to a proposal that cut salaries for this season while also extending the collective bargaining agreement through 2025. MLS Commissioner Don Garber said the league will take a $1 billion revenue hit because of the coronavirus hiatus.  Tournament plans aren’t finalized yet, but teams are slated to arrive at the ESPN Wide World of Sports Complex in three […]

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deshaun watson

NFL Cap Concerns

  • This article was first published in the FOS Daily Newsletter. Subscribe here.
  • An entire season played without fans would drop the NFL salary cap by approximately $28 million.

Despite a newly minted collective bargaining agreement that runs through 2030, NFL owners are looking to renegotiate and “share the pain” in the event revenues decline this year as expected. Canceled games and empty or partially-filled stadiums this season would have a significant impact on the league’s salary cap in 2021. The league’s cap this year is $198.2 million. An entire season played without fans would drop that number to approximately $170 million, according to ESPN. The cap has risen […]

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P.K. Subban

Athletes Take Part

  • This article was first published in the FOS Daily Newsletter. Subscribe here.
  • Multiple athletes, like New Jersey Devils defenseman P.K. Subban and Dallas Cowboys quarterback Dak Prescott have donated to causes related to the death of George Floyd.

As protests and demonstrations continue across the country in response to the death of George Floyd in police custody, athletes across sports have continued to take a stand in their own ways. New Jersey Devils defenseman P.K. Subban donated $50,000 to a fund for Floyd’s daughter. In a video posted on Twitter, Subban said, “Justice has to happen. Change needs to come.” Subban also reached out to NHL Commissioner Gary Bettman, who told Subban the league would match the donation. […]

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Gary Harris

NBA Readies Plan

  • This article was first published in the FOS Daily Newsletter. Subscribe here.
  • The NBA Board of Governors is reportedly ready to vote forward a plan to finish the season.

The NBA’s Board of Governors is reportedly set to approve a restart to its season that would include 22 teams playing at Disney World. The league is targeting a July 31 date to start the tournament. The league’s safety protocols will include daily testing for coronavirus – which shut down the season March 11 – in addition to limiting contact between players and Disney staff. The NBA proposal includes:  13 teams from the Western Conference and 9 teams from the […]

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