Bloomberg Sports Business Summit
The Bloomberg Sports Business Summit brings together the commissioners, team owners, players and bankers who drive the business of sports. The program covers the year’s biggest deals in sports, the outlook for M&A, broadcast rights and the business strategies driving the world’s most valuable franchises. From stadium finance to media deals the Bloomberg Sports Business Summit looks at the money behind the game.
The record $2.3 billion sale of the Los Angeles Dodgers, buoyed by a projected windfall from the sale of its broadcast rights, doesn’t necessarily mean the value of professional sports franchises will continue to rise, according to Leo Hindery Jr., who helped establish the Yankees Entertainment & Sports Network.
The National Football League and its officials have to close a gap of about $50 million to $70 million before they can reach agreement on a new five- to seven- year contract, NFL Commissioner Roger Goodell said.