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The Joe Pomp Show
Monthly Mailbag: Boston Celtics Sale, F1 Power Units, Carlos Alcaraz's $200M Nike Deal, Cricket's U.S. Expansion, And More
Jul 31, 2024
Carlos Alcaraz, a rising tennis star who recently inked a jaw-dropping $200 million deal with Nike, joins the discussion. They delve into the potential sale of the Boston Celtics and the key players involved, like the Jacobs family. The conversation shifts to how power units work in Formula 1, examining team and manufacturer dynamics. They also explore cricket's expansion in the U.S. and the economic viability of hosting major sports events. Insights into the evolving landscape of sports sponsorships and future trends abound!
19:45
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Quick takeaways
- The Boston Celtics' significant valuation increase highlights the franchise's growth potential amid a competitive ownership landscape, particularly with Steve Pagliuca's involvement.
- Carlos Alcaraz's $200 million Nike deal underscores tennis's need for economic adaptation to attract new fans and maintain relevance against emerging sports.
Deep dives
NFL Institutional Investors and Team Ownership
The NFL is introducing the option for institutional investors to acquire stakes in teams, starting at 10% per franchise. This move aligns the NFL with other leagues like the NBA and MLB, which allow a greater percentage of ownership for private equity investors. As team valuations continue to soar, the average NFL team is now worth approximately $5.1 billion, prompting owners to seek options for liquidating part of their stake without relinquishing control. The recent sale of the Washington Commanders for over $6 billion is an example that illustrates the potential for attracting new investors to support the teams financially.
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