A new Saudi-backed professional golf league that seeks to rival the PGA Tour is drawing interest from streaming services, and Todd Boehly, the U.S. dealmaker planning a takeover of Chelsea Football Club, has added some PR and advisory muscle to his consortium bidding for the west London team. Michael Barr, Scarlet Fu, and Mike Lynch get the details with Gerry Smith, Bloomberg News Media Reporter, and David Hellier, Bloomberg U.K. Business Reporter. All that and more on this weekend edition of Bloomberg Business of Sports.

A new Saudi-backed professional golf league that seeks to rival the PGA Tour is drawing interest from streaming services, and Todd Boehly, the U.S. dealmaker planning a takeover of Chelsea Football Club, has added some PR and advisory muscle to his consortium bidding for the west London team. Michael Barr, Scarlet Fu, and Mike Lynch get the details with Gerry Smith, Bloomberg News Media Reporter, and David Hellier, Bloomberg U.K. Business Reporter. All that and more on this weekend edition of Bloomberg Business of Sports.

Michael Barr, Vanessa Perdomo and Damian Sassower follow the money in the world of sports, taking listeners inside decisions that power the multibillion dollar industry. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back-page entertainment. The show explains the money behind the games.

Michael Barr, Vanessa Perdomo and Damian Sassower follow the money in the world of sports, taking listeners inside decisions that power the multibillion dollar industry. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back-page entertainment. The show explains the money behind the games.

Scarlet Fu, Michael Barr and Damian Sassower follow the money in the world of sports, taking listeners inside decisions that power the multibillion dollar industry.

Bloomberg Business of Sports

Saudi-Backed Golf League, Chelsea FC Sale

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4c4164d9-07cf-4b13-9b63-ae5b0172c8a6/transcript

Join hosts Vanessa Perdomo, Damian Sassower and Michael for a look at some of the latest headlines and stories in the business of sports.

LIV Golf is looking to sell minority stakes in its teams for the first time, targeting valuations of as much as $300 million, according to people familiar with the situation. 
The Saudi-backed golf league is looking to sell stakes to new investors in two teams later this year and has hired Citigroup Inc. to run the sale process, the people said, asking not to be named discussing private information. 
A control sale for one of the teams is also an option, said one of the people. The names of the two teams could not be immediately be learned. Representatives for LIV Golf and Citigroup declined to comment. 

On this episode, hear from:
Randall Williams, Bloomberg News Sports Reporter
Tennis Australia's chief commercial officer, Cedric Cornelius
Amy Trask, CBS Sports Analyst and Author of "You Negotiate Like A Girl"

 

Join hosts Vanessa Perdomo, Damian Sassower and Michael for a look at some of the latest headlines and stories in the business of sports.
LIV Golf is looking to sell minority stakes in its teams for the first time, targeting valuations of as much as $300 million, according to people familiar with the situation.&nbsp; The Saudi-backed golf league is looking to sell stakes to new investors in two teams later this year and has hired Citigroup Inc. to run the sale process, the people said, asking not to be named discussing private information.&nbsp; A control sale for one of the teams is also an option, said one of the people. The names of the two teams could not be immediately be learned. Representatives for LIV Golf and Citigroup declined to comment.&nbsp; On this episode, hear from:
<ul>
<li>Randall Williams, Bloomberg News Sports Reporter</li>
<li>Tennis Australia's chief commercial officer, Cedric Cornelius</li>
<li>Amy Trask, CBS Sports Analyst and Author of "You Negotiate Like A Girl"</li>
</ul>
&nbsp;

LIV Golf Plans to Sell Stakes in Franchises for First Time

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5ce85bbe-e98c-4b8b-a5fa-b3e2013bc129/transcript

Join hosts Michael Barr and Vanessa Perdomo for a look at some of the latest headlines and stories in the business of sports.

When the Indiana Hoosiers and Miami Hurricanes took the field to battle for the college football national championship, the most important investment made by either team never took a single snap on the field.

Indiana University had never claimed a national title in football. Until this season, it hadn’t played in a major bowl game in decades. And while the University of Miami was a football powerhouse in the 1980s and ‘90s, it last won a championship in 2001.

Both schools have showered lavish pay packages on head coaches credited with turning their programs around. Indiana’s Curt Cignetti, who took the helm in late 2023, earns average annual compensation of $11.6 million. Miami’s Mario Cristobal is in the middle of a 10-year deal that pays just over $8 million annually. Boosters have been delighted with the results, including Indiana's big win.

On this episode, hear from:
Bloomberg News higher education finance reporter Janet Lorin on the rising cost of paying college coaches
Billionaire entrepreneur Mike Repole on his career from Vitamin Water and Body Armor beverages through his latest big venture with NOBULL, and his partnership on the company with Tom Brady.

Join hosts Michael Barr and Vanessa Perdomo for a look at some of the latest headlines and stories in the business of sports. When the Indiana Hoosiers and Miami Hurricanes took the field to battle for the college football national championship, the most important investment made by either team never took a single snap on the field. Indiana University had never claimed a national title in football. Until this season, it hadn&rsquo;t played in a major bowl game in decades. And while the University of Miami was a football powerhouse in the 1980s and &lsquo;90s, it last won a championship in 2001. Both schools have showered lavish pay packages on head coaches credited with turning their programs around. Indiana&rsquo;s Curt Cignetti, who took the helm in late 2023, earns average annual compensation of $11.6 million. Miami&rsquo;s Mario Cristobal is in the middle of a 10-year deal that pays just over $8 million annually. Boosters have been delighted with the results, including Indiana's big win. On this episode, hear from:
<ul>
<li>Bloomberg News higher education finance reporter Janet Lorin on the rising cost of paying college coaches</li>
<li>Billionaire entrepreneur Mike Repole on his career from Vitamin Water and Body Armor beverages through his latest big venture with NOBULL, and his partnership on the company with Tom Brady.</li>
</ul>

Billionaire Mike Repole on NOBULL; College Coaches Making Millions Powering Big Wins

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7777a86d-3d80-4da5-97fc-b3db015dedc6/transcript

Join hosts Michael Barr, Damian Sassower and Vanessa Perdomo for a look at some of the latest headlines and stories in the business of sports.

 
A minority stake in Golden State Group, the holding company for the NBA’s Golden State Warriors, is up for sale, according to people familiar with the matter.The 5% stake values the Warriors’ holding company at above $11 billion, the people said, asking not to be named discussing private information.

The Warriors are considered the most valuable team in the NBA and have the highest revenue in the league. The stake comes with a GSG board seat, court-side seats for GSG teams and access to the ownership lounge, the people added. GSG also houses the WNBA’s Valkyries, the NBA G League’s Santa Cruz Warriors, the Chase Center arena and Thrive City, an 11-acre development outside of the arena.


On this episode, hear from:
Bloomberg News US sports business reporter Randall Williams on the Warriors potential stake sale
Sports Business Journal basketball staff reporter Tom Friend on the status of collective bargaining negotiations in the WNBA
Carolyn Tisch Blodgett, founder and CEO of Next 3, lead governor and owner of Gotham FC, and NWSL board member and chair of the NWSL executive committee on the growth of women's sports and how she's using Next 3 to power the next generation of disruptors in the business of sports

Join hosts Michael Barr, Damian Sassower and Vanessa Perdomo for a look at some of the latest headlines and stories in the business of sports.
&nbsp; A minority stake in Golden State Group, the holding company for the NBA&rsquo;s Golden State Warriors, is up for sale, according to people familiar with the matter.The 5% stake values the Warriors&rsquo; holding company at above $11 billion, the people said, asking not to be named discussing private information.
The Warriors are considered the most valuable team in the NBA and have the highest revenue in the league. The stake comes with a GSG board seat, court-side seats for GSG teams and access to the ownership lounge, the people added. GSG also houses the WNBA&rsquo;s Valkyries, the NBA G League&rsquo;s Santa Cruz Warriors, the Chase Center arena and Thrive City, an 11-acre development outside of the arena.
 On this episode, hear from:
<ul>
<li>Bloomberg News US sports business reporter Randall Williams on the Warriors potential stake sale</li>
<li>Sports Business Journal basketball staff reporter Tom Friend on the status of collective bargaining negotiations in the WNBA</li>
<li>Carolyn Tisch Blodgett, founder and CEO of Next 3, lead governor and owner of Gotham FC, and NWSL board member and chair of the NWSL executive committee on the growth of women's sports and how she's using Next 3 to power the next generation of disruptors in the business of sports</li>
</ul>

Warriors Said To Be Valued at $11 Billion; Next 3 Founder Carolyn Tisch Blodgett 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/87a584d4-1c8c-4502-b6b7-b3d401076180/transcript

Saudi-Backed Golf League, Chelsea FC Sale

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