Breakingviews

Twitter may score big with football digital rights

April 5, 2016

Jack Dorsey’s social-media firm won permission to stream 10 NFL games for a reported $10 mln. That’s the price of a one-minute Super Bowl ad, making the deal a cheap way to up the $12 bln service’s user base. Twitter may finally gain some ground against rivals like Facebook.

Tennis jerks miss point of equal prizes for women

March 22, 2016

A now ex-tournament boss said women players are riding on the coattails of the men. He failed to recognize the sport’s strength – a broad, gender-balanced constituency of fans. That’s where the money, be it Federer’s $67 mln a year or Sharapova’s $30 mln, really comes from.

The Exchange podcast: El Presidente of Barstool Sports

By Rob Cox
February 3, 2016

Dave Portnoy, founder of the oft-controversial sports blog website, swings by Times Square to discuss the sale of a majority stake to The Chernin Group, his plans for world domination, moving to New York and a Super Bowl without the Patriots.

Host Brazil may challenge for 2016 Olympics glory

December 24, 2015

The mighty U.S. will be hard to dislodge from the top spot. But a prediction based on population, GDP, the cost of Nikes and past willingness to dope suggests Brazil could break into the top five by medals. Like Team GB in 2012, that will require capitalising on home advantage.

Mets and America pull off a slick double play

October 22, 2015

As the country staggered under dud mortgages, the baseball team fell victim to Bernie Madoff. Infusions of money helped right Uncle Sam, but the Amazins took a far more frugal path. A World Series for the New York club puts an exclamation point on the financial crisis’ end.

New drivers could rev Formula One’s billions

June 25, 2015

Private equity backer CVC is ready to speed off after a decade of turbocharged returns, while 84-year-old patriarch Bernie Ecclestone may not be doing enough to tune high-tech motor racing’s commercial chassis. Qatari and U.S. owners might just restore full power.

The FIFA big boss guide to executive survival

May 28, 2015

Soccer’s supremo Sepp Blatter may win a fifth four-year presidency at the scandal-wracked governing body. Even if he fails, his tenacity is remarkable. It owes much to FIFA’s financial success, but also cumbersome governance and tin ears. Those help all boardroom Machiavellis.

FIFA cover-up almost a dare for U.S. enforcers

May 27, 2015

In November, the Zurich-based World Cup organizer whitewashed an internal investigation, according to the former U.S. attorney who conducted it. Swiss authorities were alerted, but FIFA largely dismissed corruption allegations. No wonder American prosecutors have gone in hard.

Dick’s buyout has financially sporting chance

January 8, 2015

The $6 bln U.S. golf-to-guns vendor is mulling a sale to private equity. Low debt at Dick’s Sporting Goods means even with a chunky premium, attractive returns look possible. It would, however, require healthy growth when stiff online competition is challenging many retailers.

Adidas can’t afford to be sentimental about Reebok

October 20, 2014

The German sports group is reportedly set to receive a $2.2 bln offer for the unit. Having overpaid for Reebok in 2006, Adidas has since turned it round and may be loath to sell. But Reebok has little strategic use. Fiduciary duty demands a cold appraisal of its financial value.