Sports Business Focuses on Venue Ownership, Entertainment Districts, and Revenue Optimization

Key Quotes

"we know the players like nba cup because they like paying for the increased payout especially they like more than 500 000 at stake for the title winning players i will say the idea of increasing attention on the nba during the early part of the season when college football and the nfl really dominate the sports calendar has pretty much helped but it's hard to get a good sense of fan interest in the nba cup"

The speaker notes that NBA players are motivated by the financial incentives of the NBA Cup, and while the tournament has helped draw attention to the league early in the season, it is difficult to gauge genuine fan interest. This suggests a potential disconnect between player motivation and broader fan engagement with the event.

"there are plenty of reports that the league is considering moving the event away from las vegas for next season and that is largely because of soft fan interest in that market it just hasn't caught on for this neutral site approach it's really failed to generate some energy and enthusiasm in the building empty seats have been a problem all three years of the nba cup in las vegas"

The speaker highlights that the NBA Cup's neutral site approach in Las Vegas has not generated sufficient fan interest, evidenced by empty seats over its three-year run. This indicates that the league is considering relocating the event, possibly to a higher-seeded team's home venue, to improve atmosphere and attendance.

"yes i said that right 8 billion and that includes a casino right next to city field now this development will take a number of years it's projected to be finished in 2030 and this is going to be one of the most ambitious projects in sports as it will be built on 50 acres around city field"

The speaker emphasizes the immense scale and cost of the Metropolitan Park project in Queens, which includes a casino and is slated for completion in 2030. This project, developed by Steve Cohen and Hard Rock International, is described as one of the most ambitious in sports, spanning 50 acres around City Field.

"this idea is the brainchild of hawks owner tony ressler who wants to make atlanta known for having a very vibrant downtown this will really transform atlanta it is one of the largest construction projects in the entire southern region of the united states and you'll start seeing parts of this development open up next summer during the fifa world cup"

The speaker explains that the Centennial Yards project in Atlanta, conceived by Hawks owner Tony Ressler, aims to create a vibrant downtown and is one of the largest construction endeavors in the Southern United States. Parts of this development are expected to open next summer, coinciding with the FIFA World Cup.

"the reason is simple they would get more revenue from their own arena and from an adjacent 75 acre mixed use development they would also lean into the trend of more and more premium seating and while they would reduce their suite inventory in half to about 50 suites at a new facility they would increase premium seating inventory by as many as 4 000 seats"

The speaker explains that the Dallas Stars' desire for a new arena in Plano is driven by the potential for increased revenue from both the arena itself and an adjacent mixed-use development. The Stars plan to shift focus from traditional suites to a larger volume of premium seating, reflecting a broader trend in sports venue revenue generation.

"revenue has been an issue for the stars they really lagged behind their nhl colleagues they ranked 29th out of 32 teams in premium revenue they bring in 257 000 per game and that is less than half the league average most teams are bringing in north of 520 000 per game"

The speaker highlights that the Dallas Stars significantly underperform in premium revenue compared to their NHL peers, ranking 29th out of 32 teams. This financial disparity, with the Stars earning less than half the league average per game, underscores the team's motivation to seek a new arena that can better capitalize on premium seating opportunities.

"the players are looking for 30 of total league and team revenue the wnba's proposal the latest one has less than 15 of total league revenue being shared so there is a deal to be made here a deal will get done if you look at the percentage gap they can reach a compromise but it may not be anytime until mid to late january that a cba gets done for the wnba"

The speaker details the significant gap in revenue sharing proposals between the WNBA players and the league, with players seeking 30% and the league offering less than 15%. Despite this disparity, the speaker believes a compromise is achievable, though a new Collective Bargaining Agreement may not be finalized until mid to late January.

"i like the low cost point of entry and again roughly 14 million tickets to be sold for the olympics and paralympics and 2028 and i was at a dinner last night and the conversation was on what event will have the biggest impact on the global sports scene the la 28 olympics or the world cup next summer most around the dinner table felt the world cup because it impacts three countries canada mexico and the united states and multiple cities"

The speaker expresses approval for the affordable ticket pricing for the LA 2028 Olympics, noting that approximately one-third of the 14 million tickets will cost under $100. This is contrasted with a dinner conversation where most attendees felt the upcoming World Cup would have a greater global impact due to its reach across three countries and multiple cities.

"she has been with the new england patriots for 52 seasons but this one will be the last one for nancy meyer and sbj's ben fisher looks at her career in foxboro started in 1974 she's worked for chuck fairbank raymond berry bill parcells bill belichick pete carroll now mike vrabel she's worked under the sullivan family she's worked for the crafts it's an amazing story of longevity talent and respect check it out in this week's sports business journal"

The speaker highlights the remarkable 52-season career of Nancy Meyer with the New England Patriots, marking her final season. Ben Fisher's article in the Sports Business Journal details her extensive tenure, having worked under numerous prominent coaches and ownership groups since 1974, framing it as a story of exceptional longevity, talent, and respect.