As the league struggles to repair the political fallout in China from Houston Rockets General Manager Daryl Morey’s tweet, Japan has emerged as a key international focus for the NBA, with subscriptions for its live viewing platform in the country up 30%, according to Deputy Commissioner and Chief Operating Officer Mark Tatum.
Tag: Business
“Japan is a market where we have been …
“Japan is a market where we have been in for about 30 years. We’ve been in games there but one of the big difference makers has been a player like Rui Hachimura,” Tatum said, speaking to Yahoo Finance’s On The Move. “We’re seeing unprecedented growth in our business there.”
In 1993 a group of wives of National …
In 1993 a group of wives of National Basketball Association players decided to form the National Basketball Wives Association (NBWA). In 2016, the organization opted to rebrand itself with new leadership and a mission. With Mia Wright, wife of former NBA player Dorell Wright, serving as president, the NBWA filed for a 501(c)3 status and became an official nonprofit.
The NBWA partnered with Morgan Stanley …
The NBWA partnered with Morgan Stanley which has a wealth management division for athletes and entertainers known as Morgan Stanley Global Sports and Entertainment.
G2 Esports announced today that …
G2 Esports announced today that billionaire Joseph Tsai, an Alibaba cofounder and the owner of the Brooklyn Nets, had made a $10 million investment in the company to become a minority owner. G2 also said it would open a New York office shortly after the new year.
The worldwide expansion of the NBA’s …
National Basketball Association (NBA) …
National Basketball Association (NBA) commissioner Adam Silver has confirmed that the North American men’s basketball league could launch an investment vehicle for private equity firms to buy franchise minority stakes, including investments in multiple teams. Back in September, it emerged that the league had sent a memo to owners – seen by Bloomberg – a month prior exploring the potential formation of ‘a new capital vehicle that could purchase passive, minority ownership interests across multiple NBA teams’.
“It also creates new opportunities for …
“It also creates new opportunities for people who want to invest in sports, and maybe not in a purely financial way,” Silver told Sports Business Journal’s (SBJ) Dealmakers Conference. “By that I mean that if it’s an NBA-only vehicle, there are some sort of ownership accoutrements that we can add.” Continuing: “You get, frankly, some of the benefits of being a team owner. So it’s not just a pure, ‘What’s my return financial investment?’ Not that that’s not important, but try to come closer to some of the same reasons that traditional franchise owners buy into teams. “Part of it is financial, but part of it is the amenities, and the cachet, and the desire to be directly involved with these leagues.”
Anthony Davis wants his own shoe
He’s all grown up now, a six-time NBA All-Star in his eighth season. The Lakers are paying him $27 million, and he can hit free agency in the summer and command even more. It’s hard to price him out of sneakers. And yet, Davis still is chasing an elusive shoe, the kind money can’t buy. “Obviously as a basketball player, an athlete, you always want your own shoe,” Davis says. “So, hopefully it gets to that point.”
But Matt Powell, a senior sports …
But Matt Powell, a senior sports industry advisor at the NPD Group, a New York-based market research firm, says a Southern California move might not mean a shoe-market boom for Davis. The Mid-Atlantic — including New York — is a bigger hoop-shoe hotbed, Powell says, and though Los Angeles is a massive media market that could raise Davis’ profile in other areas, it’s unlikely to lead to a spike in sales for the sneakers Davis sports. “He’s just not in a market where he’s really gonna drive sales,” Powell says.