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SEEING THE FIELD It’s no secret that multiple leagues and ownership groups hold equity in DraftKings and FanDuel. MLB invested in DraftKings in 2013 (the NHL also holds a stake) and the NBA backed FanDuel in 2014. Now, the leagues are reportedly looking to exit their equity positions in the DFS companies. They will, however, […]
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SEEING THE FIELD Sponsorship is one of the sports industry’s pillar revenue drivers and the sports segment commands 70% of the overall sponsorship spend in North America. So it’s a big deal that Anheuser-Busch InBev, one of the largest sports sponsors in the world, is launching a new incentive-based model for all its new sponsorship […]
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SEEING THE FIELD Adam Silver has been the most vocal of league leaders about the prospect of sports betting – so it was not a surprise this week to see the NBA submit a formal, public stance. In a New York State senate committee hearing, NBA lawyers requested that the league would receive 1% of […]
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SEEING THE FIELD Happy New Year all! As we kick off 2018, let’s take a look back at the major sports business events from 2017 that will continue to influence the sports tech market moving forward (in no particular order). PASPA- While there likely won’t be a decision until later this year, the general sentiment […]
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SEEING THE FIELD The collapse of the US Mens National Team in the World Cup Qualifiers – and to miss out on the World Cup for the first time since ’86 – was an incredible disappointment. The silver lining is that this may set a needed course-correct that will propel US Soccer forward in the […]
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