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Money Ball: 8 Hedge Fund Managers Who Own Pro Sports Teams
Friday, December 6, 2019 - 12:58pm | 675Hedge fund billionaire Steve Cohen, CEO of Point72 Asset Management, is in talks to boost his ownership in the New York Mets baseball team to a majority stake, perhaps bringing more of a Wall Street vibe to the team out in Queens. If the deal is completed and Cohen becomes the main owner in five...
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Legal Betting, LeBron, Kaepernick And Tiger's Comeback: The Year In Sports Business
Thursday, January 3, 2019 - 5:11pm | 1227It was a year of comebacks and new beginnings in the sports world. Legal Sports Betting Led by New Jersey, the reversal of PAPSA in 2018 — the federal ban on sports betting — laid the groundwork for states to unveil legalized gambling, forever changing the landscape of...
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Why Is Las Vegas Getting Pro Sports Leagues' Attention?
Sunday, April 2, 2017 - 1:15pm | 597Las Vegas sports fans may soon have a lot more to cheer about. Sports And Las Vegas The NHL’s Las Vegas Golden Knights will take over as Las Vegas’ first ever major league sports franchise starting in the 2017–2018 season. But according to Las Vegas Mayor Carolyn Goodman, the city...
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Upset: Adelson Pulls Las Vegas Raiders Funding; Goldman Sachs May Follow
Wednesday, February 1, 2017 - 11:03am | 761The Las Vegas NFL experiment is up in the air after potential partner of the proposed Las Vegas stadium, Las Vegas Sands Corp. (NYSE: LVS) CEO and chairman Sheldon Adelson pulled out of the project. Adelson was expected to contribute $650 million to the $1.9 billion stadium project, but was not...
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Here's One Indication The NFL Is Still As Popular As Ever
Tuesday, January 17, 2017 - 3:32pm | 196Despite concerns of poor TV ratings throughout the 2016 NFL season, new attendance data from Statista suggest the league could be more popular than ever. The 2016–2017 NFL season saw 17.79 million fans attend games, a 3 percent increase year-over-year and the highest total in over nine years...
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Chargers' L.A. Move Sees An Unexpected Winner
Friday, January 13, 2017 - 10:12am | 436You would be hard pressed to turn on Walt Disney Co (NYSE: DIS)'s ESPN today and not see the pundits talking about the San Diego Chargers' decision to leave its home of 55 years in favor of L.A. Unexpected Winner While the decision has been controversial, it has been in the works for over 15 years...
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4 Most Expensive Games For NFL Week 4
Saturday, October 1, 2016 - 10:49am | 444As the NFL season marches on, Week 4 will feature many intriguing matchup's this weekend. All of this week's most expensive games will be played on Sunday, with a battle between the 49ers and Cowboys serving as the top-priced game of the week. The Vikings and Giants meet in Minnesota...
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Las Vegas Raiders? NFL Team Files For New Trademark
Friday, August 26, 2016 - 9:26am | 219The Las Vegas Raiders coming in 2017? Las Vegas has already paved the way to professional sports with a new NHL expansion team on the way, although the name has yet to be chosen. This week, the Oakland Raiders announced they have officially filed for three trademarks, including "Las...
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What An L.A. NFL Franchise (Or Two) Would Look Like - Part I
Thursday, October 9, 2014 - 10:53am | 670Read Part II of this article here. Starting last weekend with a Pro Football Talk report that cited a “league source,” rumors have been circulating that the National Football League will be sending one or even two of its teams back to Los Angeles, California within the next 12 to 24...