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Entries from Gothamist tagged with 'sportsbusiness'

August 2, 2007

Could the YES Network and the Yankees be up for sale? A report from Fortune Magazine quotes sources that say the YES Network is being shopped around - and that the Yankees could be up for sale in three or four years. YES is owned by jointly by the Yankees, Goldman Sachs, and former Nets owner Ray Chambers; Fortune reports that Chambers and Goldman want to cash out and a deal could come as early......

Continue Reading "Report: YES Network For Sale, Maybe Yankees Soon"

January 17, 2007

Assuming an arena for the Nets ever gets built in Downtown Brooklyn, it will bear the name of Barclays Bank. The Post is reporting that the Nets and Barclays have reached a record setting, multi-year agreement for the naming rights of the proposed arena. No specific dollar amount was mentioned in The Post's article, but it does say that the rights will cost Barclays more than the $9.3 million-a-year figure that Philips is paying......

Continue Reading "Barclays Bets on Brooklyn Nets"

March 27, 2006

For a few million dollars, you could be the majority owner of the Yankees. And you wouldn't really have to deal with a pesky owner too much. Why? Because you would be the proud owner of the Staten Island Yankees in the New York-Penn League. Unlike the big club in The Bronx, you could actually say you were champions last year though. The team is reportedly on the market for $3-5 million for a the......

Continue Reading "Yankees For Sale!"

March 24, 2006

Miracles can happen - at least for Mets fans with Cablevision. Cablevision and SportsNet New York announced yesterday that the fledgling sports network will be on Cablevision effective immediately on channel 62 (actually in time for yesterday's game). While terms of the agreement were not announced, it's great news for Cablevision's 3 million customers. The two sides managed to avoid replicating the 2002 standoff between the YES Network and Cablevision. Quite impressive on Cablevision's part......

Continue Reading "SportsNet Now on Cablevision"

March 16, 2006

What the Yankees have, the Mets must also have. At least when it comes to television networks. Today, Sterling Entertainment, Time Warner, and Comcast launch SportsNet New York, a 24-hour regional sports network. The network will carry as many as 125 Mets games in its first season and will be the "official" TV home of the New York Jets. Of course, they won't be carrying any actual Jets games, but that's a minor detail. In......

Continue Reading "Now Broadcasting: SportsNet New York"

March 9, 2006

Major League Soccer and Red Bull announced today that the MetroStars were bought by Red Bull. Some reports put the purchase price at as much as $30 million. The team's official name is "Red Bull New York" and will be the New York Red Bulls on the pitch. It's the energy drink company's 2nd foray into soccer team ownership. Their other team, Red Bull Salzburg of the Austrian Bundesliga. In their announcement of the purchase,......

Continue Reading "Metros No More, Hello Red Bulls"

March 8, 2006

Over the past decade the NFL has benefited from peaceful labor relations to grow into the most popular sport in the U.S.. The players and owners have earned billions and billions of dollars and today they may throw it all away. Strangely, this conflict is not a traditional players vs. owners battle, but more of a battle between owners. On one side is the “group of five” owners who are attempting to maximize revenues through......

Continue Reading "Decision Day for the NFL"

January 12, 2006

Nothing the Yankees do is without controversy. The proposed new stadium for the Bronx Bombers is coming under fire from some Bronx residents as the plan calls for the stadium to be built on two parks - the Macombs Dam Park and John Mullaly Park. The public hearing on the $800 million project had 85 speakers which the Daily News reports were chanting back and forth - "Build it now!" and "Not on the park!".......

Continue Reading "Opponents of Stadium Voice Opinions in The Bronx"

December 13, 2005

We have a building boom in the tristate area. The Yankees and Mets have already announced their plans for new stadiums to be built for the 2009 season, the Nets are building an arena in Brooklyn, the Devils are moving to a new arena in Newark and even the Metrostars have gotten into the act. Not to be left out are the Jets and Giants who have agreed to build a stadium together and yesterday......

Continue Reading "Building a Stadium"

December 7, 2005

If it's a player with an ounce of a talent that's having some issues of contract renewals with his ball club, then the Yankees must be invoked. The latest instance of "Scare the pants off the management by mentioning the Yanks" is with hirsute Red Sox player, Johnny Damon. Unhappy with the way his contract negotiations are going, Damon said that he'd be happy to entertain offers from the Yankees. Nice. It seems that once......

Continue Reading "The Bad $$$ Word in Baseball: Yankees"

November 22, 2005

The Wall Street Journal reported Monday night on their website that Cablevision received a $700 million offer from an investment group led by Russell D. Glass. While the offer did not include Madison Square Garden, the group was also open to working on a deal for the arena. Cablevision said they had no plans to sell the Knicks and Rangers, but did not say if the two parties were still in contact. In its most......

Continue Reading "Cablevision Turns Down Offer"

August 31, 2005

Did you think beer was bad for all that exercise you do? Well, it's not! It's so good for you that Coors Light is now a sponsor for the ING New York City Marathon! In addition to being a sponsor of the event, us New Yorkers will be "treated" to promotions at bars and restaurants along the marathon route. You hear that? Bad beer to a neighborhood near you! The marketing whizzes at Coors love......

Continue Reading "Coming to the Marathon...Beer!!"

March 9, 2005

Early Tuesday morning, Time Warner pulled the plug on three Cablevision channels, much to the chagrin of sports fans in the area. The three channels - MSG Network, Fox Sports NY, and Metro Channels - were pulled because of a disagreement over the rights fees Time Warner would pay Cablevision for the programming. Of course, each side blames the other for the removal of the channels. Sources say the increase Cablevision is seeking is as......

Continue Reading "The Time Warner vs. Cablevision Pissing Match"

October 13, 2004

Two items in the news regarding the Mets today. Yes, the NL (l)East Mets, the team with high expectations and low destinations. The team announced that they will start their own network, much like the Yankees have with the YES Network. The Mets have teamed up with Time Warner and Comcast to start a regional network that will reach more than 3 million homes and begin in 2006. Reports are saying that the Mets will......

Continue Reading "NY Mets: Striving to be Like the Yankees Every Day"

August 24, 2004

Embattled Brooklyn apartment dwellers have taken their fight against the proposed site of the new arena for the "Brooklyn Nets" all the way to Athens. A group called Develop Don't Destroy Brooklyn unveiled a banner on one of the endangered apartments which reads "Dr. Rogge and the International Olympic Committee, Please Don't Destroy Our Homes." If New York City is awarded the Olympic Games in 2012, the proposed basketball arena would be used to......

Continue Reading "Not In My Borough!"

August 10, 2004

Brian Cashman has until after the 2005 baseball season until his tenure with the Yankees will be up, but a recent article from NY Metro has some potential destinations for the Yankee General Manager. The Boston Red Sox or maybe the Cleveland Indians. A lot can happen in a year and a half, but those who follow the Yankees know that there is little love between Cashman and the principal owner of the Yankees, George......

Continue Reading "What's Next For Brian Cashman"

June 18, 2004

We posted a few days ago that Marv Albert was out as the Knicks play-by-play broadcaster. What has transpired in the last few days since then has created an intense debate in the New York sports landscape. Gothamist is here to catch you up to speed. WFAN was first to report the departure of Marv Albert, they also reported that as soon as the negotiations had started to breakdown with Marv and the Garden. Marv......

Continue Reading "The Marv Albert Controversy"

June 16, 2004

Yesterday, Marv Albert and Cablevision parted ways, ending his affiliation with the New York Knicks and Madison Square Garden, both owned by Cablevision. In the process of negotiating a new contract, the two sides seemed to disagree over the value of Albert's contract and over his criticism of the Knicks. The Post reported that management was fed up with Albert's criticism and Albert was fed up with the complaints, while The Times reports that Albert......

Continue Reading "Marv Albert and Cablevision Part Ways"

June 3, 2004

All is well in the sports universe again (argue amongst yourself if they were ever well with the Yankees), for Cracker Jack has returned to Yankee Stadium. Cracker Jack was replaced for Crunch 'n Munch last month, but after fan complaints, the Yankees decided to change their mind. Yankees COO, Lonn Trost said, "The fans have spoken." Nice to see the fans still have a voice. Cracker Jack is sold in all Major League......

Continue Reading "The Jack is Back"

June 3, 2004

Friday afternoon, CBS-2 fired one of Gothamist's favorite sports broadcasters, Warner Wolf. Wolf's contract was to expire in August, but CBS-2 got rid of him early, getting rid of a legend in New York sports. Because of the long weekend, the news got lost, which may be why Gothamist didn't hear about this until now. We're upset with CBS-2, getting rid of Wolf in this way. He never said goodbye and we never said goodbye.......

Continue Reading "Warner Wolf Fired From CBS"

June 1, 2004

The debate over the West Side stadium plan for the Jets is ongoing. If it gets built, there will most likely be a corporate name slapped onto it. With so many companies calling the New York Region home, and what's sure to be a high-profile stadium, the naming rights for it could be quite costly. A March article from Bloomberg had fees in range of $7-10 million per year. Over 30 years, the naming......

Continue Reading "Let's Play "Name that Stadium""

May 22, 2004

Seventh inning stretches will never be the same. On Wednesday, Yankee spokesman Jason Zillo announced that the Yankees would no longer sell Cracker Jacks at the House That Ruth Built, replacing the snack immortalized in Take Me Out To The Ballgame with Crunch 'n Munch. Zillo explained that the switch was made because Crunch 'n Munch tastes better, but David Bernstein, Yankee Stadium's director of hospitality, told The Times that the move was prompted......

Continue Reading "The New Ballgame"

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