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Koch Industry Heir Invests in Nets

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BROOKLYN – (Wire Service Report via Sportico) – New York billionaire Julia Koch and her children are purchasing a minority stake in BSE Global, which owns the Brooklyn Nets of the NBA, the New York Liberty of the WNBA and Barclays Center in Brooklyn.

BSE Global announced the pending transaction but did not disclose financial terms. The NBA Board of Governors must approve the deal.

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Sportico reported the Kochs will buy 15 percent of BSE Global, adding that the value assigned to the company’s sports holdings was $6 billion. Under that scenario, the Kochs would pay $900 million for their share.

Forbes ranks Julia Koch as the 23rd-richest person in the world, with a net worth of $65.7 billion. She and her children inherited 42 percent of Koch Industries — one of the largest privately held companies in the nation — upon the death of her husband, David, in 2019.

BSE Global and the teams will remain under the control of Joe Tsai and Clara Wu Tsai. Joe Tsai’s net worth is $8.6 billion, per Forbes.

Kelce’s Invest in Small Batch Brew

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COLUMBUS – (Staff Report from Official News Release) – For the first time, Jason and Travis Kelce are teaming up as significant owners and operators of a business – and of course, it is with one of the fastest growing beer brands in the country, Garage Beer! The small batch brewed, classic light beer was founded in their home state of Ohio and has been growing rapidly across the country.

Jason Kelce and Travis Kelce team up as significant owners and operators of Garage Beer (Garage Beer via PR Newswire).

The Kelce brothers are passionate about their beer and their business and have talked for years about partnering together in the beverage category. With this passion, they wanted to be thoughtful and find the right opportunity with the highest quality brewery and brand that aligned with their values of how a business should be run. And most importantly, a company built to serve the customer. Jason and Travis believe that beer should be fun, and they want to partner with a brand that embodies the spirit of a neighborhood feel, a light beer all will enjoy. Serendipitously, through a prior relationship, the Kelces’ learned about Garage Beer and for the past two years have been laying the groundwork to join forces with the company.

The brothers join Garage as significant investors, partners, owners, and operators. Jason and Travis will be involved in every aspect of the business, including brewing, distribution, sales, marketing, and national expansion efforts. Retail displays will be in stores shortly along with social content, billboards, and other promotional activities.

The Garage Beer recipe was originally created in Cincinnati, Ohio (where Jason and Travis both played college football for the Cincinnati Bearcats) and the business headquarters is now just north in Columbus, Ohio. The beer is currently sold in Ohio, Kentucky, Tennessee, Indiana, Pennsylvania, Wisconsin, Michigan, Illinois, Missouri, West Virginia, Idaho, Montana, and New Jersey… with planned expansion into dozens of new states this year.

“People crave quality and simplicity, and Garage Beer nails both for me. We are light beer drinkers and Garage is the best light beer,” said Jason Kelce. “For me, the brand fits my lifestyle, and having a few beers is a great excuse to get the neighbors together.”

“It comes down to quality for me. I think everyone knows I like to have a couple beers now and then, so being an owner of Garage Beer and heavily involved in making the best light beer is exciting, man! There is nothing better to bring people together than an ice-cold beer, and for Jason and me that is what beer is all about – friends, family and fun. I have worked with Andy for years and I really trust the team and their approach to running the business. We look forward to taking Garage Beer to the next level,” added Travis Kelce.

“We want a beer that tastes like beer and one that keeps the stories alive in the neighborhood. Garage prides ourselves on small batch brewing and a commitment to quality. Ever since our first conversation with Travis and Jason, it was clear we had similar opinions about beer, but they also had brilliant, and very funny, business sensibility. Our team better be on their toes now,” quipped Garage Beer co-owner Andy Sauer. “The garage is a symbol for building stronger communities one beer at a time, and I think we can all use more time with friends, family, and neighbors to talk, smile, laugh, and enjoy that time together.”

Sports Wagering Falls Short in GA

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ATLANTA – Georgia remained one of 12 states not to have some form of sports wagering when the state’s Rules Committee declined to consider two bills this week.

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The state’s House Higher Education Committee moved forward two amended sports betting bills on Thursday, one a state constitutional amendment and the other that would have enabled legislation, according to iGamingBusiness. But those bills never made it to the House.

This week’s action becomes the fourth time Georgia lawmakers considered legalizing sports wagering since 2021 without ultimately getting two-third approval in both the state House and Senate.

Georgia’s proposed constitutional amendment, named SR 579, was recently been amended to include up to $22.5 million to promote responsible gambling through tax revenue.

While Georgia appeared the closest to becoming the next state to legalize sports wagering, efforts continue in Minnesota, where multiple bills have been introduced. Missouri is moving toward placing a sports wagering on the November ballot.

Legal sports wagering in North Carolina began on March 11, in advance of NCAA conference basketball tournaments and the current NCAA Tournament, with a reported $200 wagered over the first week it was legal.

Sports Illustrated Back in Biz

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LONDON – (Staff and Wire Service Report) – Sports Illustrated will resume publishing after its owner reached a new rights deal with digital media company Minute Media.

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Monday’s announcement comes nearly two months after owner Authentic Brands terminated its publishing deal with The Arena Group, which led to mass layoffs at the venerable sports magazine.

Minute Media, best known for its sports sites The Players’ Tribune and FanSided, said it reached a long-term partnership with Authentic Brands to “usher in the future of the SI brand.”

“Sports Illustrated is the gold standard for sports journalism and has been for nearly 70 years across both print and digital media. The weight and power of that distinction cannot be understated. At Minute Media, our focus will be to take that legacy into new, emerging channels enhancing visibility, commercial viability and sustainable impact, all while ensuring that the SI team is inspired to flourish in this new era of media,” Minute Media founder and CEO Asaf Peled said in a statement.

Authentic split with The Arena Group in late January after the latter missed a payment for licensing rights.

As part of the deal, Authentic will also acquire an equity stake in Minute Media.

–Field Level Media

Sports Biz: FOX Friday Night Football

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NEW YORK – (Staff and Wire Service Report) – Fox will broadcast a Friday college football game every week of the 2024 season, The Athletic and Sports Business Journal reported.

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College football’s TV schedule will not be ironed out until May, but the games eligible for the Friday night treatment will feature teams from the Big Ten, Big 12 and Mountain West conferences.

Once reserved for high schools, Friday night football is not new to the Big Ten, which started putting select games on Friday nights in 2017. The Big Ten Network and Fox Sports 1 (FS1) have carried those games in the past.

Now, games will be carried on Fox each week in the run-up to the network’s “Big Noon Saturday,” its weekly show that competes with ESPN’s “College GameDay” and highlights its best game of the week.

The college football games will fill an empty window after Fox did not renew its agreement for WWE’s “Friday Night Smackdown.”

–Field Level Media

Caps’ and Wizards’ Move Met with Resistance from Virginia Reps

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ALEXANDRIA – (Wire Service Report) – A Virginia state senator does not want Washington Wizards and Capitals owner Ted Leonsis to use taxpayer money to build a new entertainment district in the suburb of Alexandria, Va.

Sen. Louise Lucas, a Democrat who is the chairwoman of Virginia’s senate finance committee, told reporters Monday a bill that would pave the way to move the NBA and NHL franchises from Washington to Alexandria is dead in her eyes.

“I will not allow a billionaire to build his company’s wealth on a taxpayer’s dime,” Lucas said, saying Republican Gov. Glenn Youngkin’s “refusal to negotiate” left her to block the bill.

While Lucas declared the Senate bill dead after rejecting discussion of it at a meeting Monday, there is also a version of the legislation in the House of Delegates that passed through the house appropriations committee last week.

In December, Youngkin and Leonsis announced an agreement to move the Wizards and Capitals to a new $2 billion sports complex in Alexandria by 2028. The teams currently play in downtown Washington at Capital One Arena.

Underpinning the proposed move is legislation that would issue more than $1 billion in moral obligation bonds to build the complex. Virginia taxpayers would be on the hook if the site did not meet its revenue projections.

A spokeswoman for Monumental Sports and Entertainment, the Wizards’ and Capitals’ parent company, told reporters Monday that moving the teams to Virginia remains their “only” plan even after the District of Columbia offered $500 million for renovations at Capital One Arena.

Mayor Muriel Bowser said in a Washington Post op-ed Sunday that D.C. plans to require the Wizards and Capitals to play at the arena through 2047, per the terms of their lease. December’s announcement was also met with outrage from local sports fans who want the teams to stay put.

–Field Level Media

Goodell Welcomed Swiftie Effect

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LAS VEGAS – (Staff and Wire Service Report) – NFL commissioner Roger Goodell has attended two Taylor Swift concerts with his two daughters and his wife, but chances are, he never thought his status as a “Swiftie” would bleed over into the workplace.

But it has.

Swift has taken the NFL world by storm due to her relationship with Kansas City Chiefs tight end Travis Kelce, and Goodell had nothing but good things to say on Monday about the couple’s impact on football.

“Having the ‘Taylor Swift effect’ is also a positive,” Goodell told reporters. “Both Travis and Taylor are wonderful young people, and they seem very happy. She knows great entertainment, and I think that’s why she loves NFL football.

“Obviously, it creates a buzz. It creates another group of young fans, particularly young women, that are interested in seeing why she is going to this game, why she is interested in this game. Besides (her relationship with) Travis, she is a football fan, and I think that’s great for us.”

Kansas City beat the Baltimore Ravens 17-10 in the AFC Championship Game on Jan. 28, leading some fans to believe that the outcome was pre-planned in order to have Swift draw more viewers for the Super Bowl. The 14-time Grammy Award winner is expected to be in attendance when the Chiefs take on the San Francisco 49ers on Sunday, but Goodell made it clear that he is far from capable of cooking up such a storyline.

“I don’t think I’m that good of a scripter — or anybody on our staff,” Goodell said. “Listen, there is no way I could have scripted that one, let’s put it that way.”

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Swift has been spotted at 12 of Kelce’s games this season, with Kansas City coming out on top in nine of them. She first attended the Chiefs’ 41-10 victory over the Chicago Bears back on Sept. 24.

Of course, there has been some backlash from the NFL’s focus on Swift over the past five months, but Goodell is hoping that she sticks around.

“I think anybody in this society, when they’re in a public position, (is) going to be subject to criticism,” Goodell said. “Taylor is obviously a dynamo. Everything she touches, there are people following. So we count ourselves fortunate and we welcome it.”

–Field Level Media

“Seat Club” Joins Ticket Offerings

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Here’s what “Seat Club” looked like for this week’s CFB Playoff Championship

HERE NOW, THE NOTES: You’ve heard of Sam’s Club, Lions Club, Lending Club, or Boys & Girls Clubs. Get ready for the “Seat Club.” Sports industry veteran and serial entrepreneur Cole Rubin recently launched “Seat Club,” a new marketplace designed to help consumers avoid all hidden fees and markups when purchasing tickets for live events at the lowest possible price on the secondary market. The marketplace, which sells tickets to its members at its cost without any markups or fees, officially launched this week and can be found at https://seatclub.com

“The biggest complaint consumers have in the event space, are fees and markups,” said Rubin. “Fees and markups make the ticket buying process frustrating and more expensive than necessary, so we built Seat Club as the pathway to solve these problems.

“We have spent a great deal of time talking to fans and event producers, and can now deliver this unique value proposition, where our members know they are getting the best pricing, and will save countless hours comparing ticket prices online. The price you see listed on our platform is the price you pay, with no fees added on later in the checkout process.

“There are no hidden markups, unlike other platforms who claim they don’t charge fees, but bake profits into the listed cost of tickets. Seat Club’s pricing may be as much as 35% less than competitors for the same exact tickets, which is significant, especially on high profile events. We believe in transparency, and our sole source of revenue comes from our membership fee,” added Rubin.

Seat Club’s $99/year membership includes:

  • Access to the same ticket inventory as the top secondary sites
  • No fees or markups, members buy tickets AT OUR COST
  • There is no cap of the number of tickets that can be purchased. Subscribers are entitled to unlimited ticket purchases annually.
  • Fan Protect Guarantee on tickets purchased (24/7 support staff)

(At this point in time, WWYI is not in position to vouch for Seat Club but we’ll check it out for the Celtics, Bruins, College Hoops, the NY Rangers/Islanders and NY Knicks and let you know in the near future).

Krasnoff: The Ties between Bay State and France’s Basketball Empire

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Although one of the NBA’s most awe-inspiring rookies is playing some 2,043 miles away from Boston this season, Victor Wembanyama’s story would be vastly different without the role of Massachusetts in France’s basketball fortunes.

By Lindsay Sarah Krasnoff – SPECIAL TO DIGITAL SPORTS DESK

PARIS – The Boston Celtics are primed for the long season ahead, buoyed by reinforcements who bring an international accent to the Bay State. Meanwhile, the league’s buzziest rookie, 19-year-old French unicorn Victor Wembanyama, is already lighting up courts with the San Antonio Spurs. While more than 2,000 miles separate the two, Texans owe Massachusetts for helping to pave the way for Wembanyama and his homeland to emerge as this season’s most spectacular basketball sensation.

It’s a history more than a century old, built on the foundations of informal sports diplomacy, the citizen-to-citizen exchanges that can collectively foster a slam dunk for global understanding. As illuminated in Basketball Empire: France and the Making of a Global NBA and WNBA (Bloomsbury), this evolution is the result of French-American admiration that superseded some of the cyclical, stereotypical transatlantic disdain that can mark popular memory. Instead, this amitié sportive ignited a basketball evolution that’s made the United States’ oldest ally a basketball breeding ground.

And it began 130 years ago on December 27.

Basketball’s first destination once it left American shores was France. Paris, to be exact, where the first basketball game on European soil was played at the newly custom-built YMCA building at 14, rue de Trévise. Today the Paris Y his home to the world’s oldest existing basketball court.

Yet, none of this would be possible without the role played by Melvin Rideout, one of the first young men to play the game that his teacher, James Naismith, invented in 1891. Upon graduation from the International YMCA Training School (now Springfield College), 22-year-old Rideout was dispatched to Paris to serve as the YMCA’s first-ever City of Light-based physical education director. He brought the game’s original 13 rules, but was also a symbolic ambassador, amongst the earliest, of the sporting ties between Massachusetts, the United States, and its oldest ally.

Perhaps even more consequential were the ways that Boston Celtics legends of the 1950s and 1960s imprinted parts of French basketball’s DNA. The story of Bob Cousy is perhaps more well known. His parents immigrated from France in the 1920s, and Cousy grew up speaking his parents’ mother tongue. But Spring 1959, Cousy and Red Auerbach stopped in Paris to run a clinic with the French national men’s team. Then known as Les Tricolors (today they’re called Les Bleus), the team absorbed some of the tactics, techniques, and advice that the Celtic imparted, one post-war link to powering up their style of play.

Far less known until unearthed in the process of researching Basketball Empire are the ways that Bill Russell left a significant mark on the French game. Its one he likely was never fully aware of, for there are no records of Russell doing sports exchanges in country. But it’s one that’s left an indelible mark.

The great defender’s defensive plays and aerodynamic stylings were studiously emulated by some of France’s most legendary players as they cut their teeth one hoop at a time. One was Henry “Gentleman” Fields, one of the earliest U.S. players to mark French hardcourts in the 1960s thanks to the defensive moves he introduced  after laboriously seeking to play like Russell. Another was 1970s shot king Jacques Cachemire, who as a boy in Guadeloupe discovered Russell through books and films at an American cultural institute near his house; throughout his career on the French mainland, Cachemire sported a beard in hommage to his Celtics idol. A third was hoops heroine Élisabeth Riffiod, who similarly studied game tape of Russell’s plays in order to amp-up her defense and land the one-handed jump shot (the first Frenchwoman to do so); Riffiod finally met the Boston great when her son, Boris Diaw, competed in NBA Summer League. “Speaking of Bill Russell, for me, it’s something very strong emotionally because he’s always been my idol,” Riffiod said for Basketball Empire.

These are all examples of technical and cultural exchange through sports diplomacy. As part of French basketball’s DNA, they highlight the role and importance of individual citizens on both sides of the Atlantic, and how in a globalizing sports world, one person can have far-ranging, long-reaching impacts.

France has quietly developed and exported a never-ending stream of defensive specialists to North American hardcourts, from Tariq Abdul-Wahad (the first French in the NBA, 1997) to three-time NBA Defensive Player of the Year Rudy Gobert and most recently Wembanyama. Today it is a basketball breeding ground, a pipeline for talent, a lineage that includes the Celtics’ Jérome Moiso (2000-01), Guerschon Yabusele (2016-19), and Evan Fournier (2021).

No other country outside of North America has sent more players to the NBA than France, according to the NBA. They’ve also sent a strong string of talents to the WNBA, too, including the thrilling “wow” factor of French wizard Marine Johannès with the New York Liberty. And, if you’re a fan of college basketball, you witnessed South Carolina’s 100-71 defeat of Notre Dame to tip off the 2023-24 regular season in Paris, a historic first ever for an NCAA opening night on foreign soil.

And hidden amidst this history is the surprising role played by Massachusetts in helping build France’s 21st century hoops haven–one that will be on display at the Paris 2024 Olympic Games.

Lindsay Sarah Krasnoff is a historian and consultant, author of Basketball Empire: France and the Making of a Global NBA and WNBA, Adjunct Instructor at New York University’s Tisch Institute for Global Sport, and director of the FranceAndUS sports diplomacy project.

NCAA: Two-Time Transfers Eligible

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CHARLESTON, W VIRGINIA – (Staff and Wire Service Report) – The NCAA has been notifying member schools that two-time transfers will be eligible to participate in their chosen sports, at least temporarily, and bypass the “year in residency” rule.

The change in policy came after a federal judge in Charleston, West Virginia issued a temporary 14-day restraining order against the NCAA, who were denying athletes the chance to compete at their new schools for one year upon second transfer.

The lawsuit was filed by the states of West Virginia, Colorado, Illinois, New York, North Carolina, Ohio and Tennessee and stated the requirement of two-time transfers to sit out a year violated antitrust law. The state of Ohio was at the forefront of the suit.

The decision applies to all student athletes under NCAA jurisdiction in the United States.

“As a result of today’s decision impacting Division I student-athletes, the Association will not enforce the year in residency requirement for multiple-time transfers and will begin notifying member schools,” the NCAA said in a statement to The Athletic.

 

 

One athlete immediately impacted is West Virginia men’s basketball player RaeQuan Battle, who transferred from Montana State after playing two seasons for the Big Sky school. Battle began his college career playing two seasons for Washington of the Pac-12.

He had applied for a waiver under the NCAA’s mental-health provision but was denied in late October. Wednesday’s ruling will potentially allow Battle to play Saturday when the Mountaineers play UMass in Springfield, Mass.

West Virginia would be happy to see Battle on the court as he averaged 17.7 points last season while leading Montana State to the NCAA Tournament.

 

 

“Very pleased our state-based coalition was able to achieve a temporary restraining order against the NCAA’s transfer rule,” West Virginia attorney general Patrick Morrisey posted on social media. “Big win for RaeQuan Battle!”

A second hearing will be heard when the restraining order expires in two weeks when a preliminary injunction potentially could be issued. That would keep athletes in question eligible until a potential trial takes place.

According to The Athletic’s report, Ohio attorney general Dave Yost said that at least 99 athletes had been denied a waiver to compete immediately upon a second transfer and that another 44 are awaiting a decision on a waiver.

–Field Level Media