Savoy’s Post

Unlocking hidden potential value in the Baltimore Orioles acquisition through sponsorships may not have been the top reason to buy, but it certainly doesn't hurt when looking at the facts: First, the Orioles are situated in the DC-Balt area, which ranks among the top 10 in the U.S. for sports sponsorship spending. Despite this, the team has historically tapped into less than 6% of the annual $315M market, which represents a decent growth opportunity. Second, with increased spending in MLB and more diversified partnerships that don't just rely on TV-visible signage, the Orioles could potentially boost their revenue to align with similar MLB teams in comparably-sized markets, which could mean an increase ranging from ~$5M to $17M annually. Third, having high-profile figures like Cal Ripken Jr. in the ownership group brings star power and credibility that can be leveraged to get in front of high-value prospects and opportunities, owing to their deep connections and understanding of the sports world. Fourth, in David Rubenstein you one of the most connected business leaders of the last 40 years. He helped found The Carlyle Group ($382B in assets under management), so running the business side and getting to the right people at any company may get slightly easier. Lastly, fan optimism in the form of winning and star power never hurts. 101 wins and the reigning A.L. Rookie of the Year is never a bad thing. (Credit: SponsorUnited) #sponsorship #sportsmarketing #mlb

Sports has always been a big part of my life - some of my first/fondest memories are being involved in sports - I was fortunate enough to play baseball 4 years in college - I had a front row seat/worked for an NFL franchise for over 20 years. First hand experience with what it takes to operate at a high level across all departments and with high level athletes - Also spent time in the sports business space learning about things like marketing, sponsorships, sales and more! Sports have always been involved in my life, and more than likely, always will be. I always love learning more about what’s going on in the industry and what people are doing. Do you know any other passionate sports professionals or those in the sport space? Or is it you? I’d love to meet people and learn new things! #sportsindustry #sportsbiz #sportmanagement

Sports has always been a big part of my life - some of my first/fondest memories are being involved in sports - I was fortunate enough to play baseball 4 years in college - I had a front row seat/worked for an NFL franchise for over 20 years. First hand experience with what it takes to operate at a high level across all departments and with high level athletes - Also spent time in the sports business space learning about things like marketing, sponsorships, sales and more! Sports have always been involved in my life, and more than likely, always will be. I always love learning more about what’s going on in the industry and what people are doing. Do you know any other passionate sports professionals or those in the sport space? Or is it you? I’d love to meet people and learn new things! #sportsindustry #sportsbiz #sportmanagement

Good article

In the world of sports and entertainment, change is constant, but what we're witnessing lately is truly remarkable. 👇 Yesterday it was announced that Alpine F1 is now graced with the presence of several big names alongside actors Ryan Reynolds and Rob McElhenney: 🏈 NFL Players Patrick Mahomes and Travis Kelce 🥊 Boxing Champ Anthony Joshua ⛳ Golf Pro Rory McIlroy ⚽ Football Stars Trent Alexander Arnold and Juan Mata García Formula 1 has always been about speed and precision on the track, but it's rapidly becoming a destination for influential figures from diverse fields. What's sparking this newfound attraction? 🚀 These celebrities, known for their prowess in other domains, are now part of a syndicate that's invested $200 million in the Alpine F1 Team. This isn't just about money; it's about a fusion of talents and ideas. Ryan Reynolds and Rob McElhenney's takeover of Wrexham FC is the stuff of legends. Not only did they invest, but they also ignited the club's resurgence, guiding it to a long-awaited promotion. A testament to the impact celebrities can have on sports. 📈 In a world overrun by traditional advertising, brands are rethinking their strategies. Rather than renting celebrity endorsements, they're seeking long-term partnerships with influencers who resonate with their mission and values. Are we witnessing a transformation in how influence operates? Will we see more celebrities investing in brands and teams that align with their values, rather than just pocketing checks for endorsements? 💰 #Formula1 #SportsInvestment #CelebrityOwners #AlpineF1 #WrexhamFC

Blue Jays showcase all-new seating bowl at Rogers Centre Major League Baseball (MLB)’s Toronto Blue Jays have debuted a new seating bowl as they continue to roll out renovations of Rogers Centre to turn it from a multi-purpose stadium into a ballpark-first venue. The Blue Jays unveiled the reimagined 100 level seating bowl designed specifically for baseball viewing. Combined with the popular Outfield District which opened last season, the new seating bowl continues modernising the fan experience at Rogers Centre for both long-time and new fans. The first chance to enjoy the newly renovated 100 level seating bowl is during the opening homestand from April 8 to 17. First announced in July 2022, the multi-year, nearly C$400 million, privately funded renovation has progressively transitioned the 35-year-old stadium to feel more like a ballpark through a series of projects aimed at bringing fans closer to the action, introducing modern fan experiences, and overhauling player facilities. The first phase of work focused on the outfield from foul pole to foul pole, introducing five distinct Outfield District social spaces, available to all fans with a game ticket, as well as raised bullpens and new outfield and 500 level seats. The second phase of work overhauled the 100 level infield from foul pole to foul pole by demolishing and excavating the original bowl and redesigning and rebuilding a new 100 level seating bowl, along with adding world-class player facilities and premium clubs and amenities that will open mid-season as planned. Mark Shapiro, President & CEO, Toronto Blue Jays, said: "To build a sustainable championship organisation, we needed a home that is specifically for baseball. We asked ourselves at the onset what we would build if we were designing a ballpark, and we fit that vision into the existing infrastructure of Rogers Centre, with fans always at the centre. Blue Jays fans deserve a true ballpark to proudly cheer on their team." For the full story, go to: https://lnkd.in/eWgtWeJu PCL Construction Populous #bluejays #ballpark #mlb #fanexperience #sportsbiz #sportsindustry #stadia #sportsvenuebusiness #sportsvenuebiz #svblive Sports Venue Business SVB LIVE John Sheehan Cassandra Calleja David Hall

8. How are recent trends & developments around diversity in sports ownership reshaping the landscape of sports? The landscape of diversity in sports ownership is changing because athletes didn’t normally have ability to purchase a minority stake in ownership or receive it. To me, it seemed like rich white guys always own a piece or majority stake in a sports franchise. I still feel that way. I read in a Statista article that “In 2022, around 93 percent of the team presidents within the NBA were white, while seven percent were Black or African-American. Meanwhile, just over 10 percent of the league's presidents and team CEOs were female.” So it’s not just an ownership problem but a Front Office/leadership problem in sports these days. Magic Johnson (who I met in 2011, photo below) has been a tremendous investor in sports teams like the Dodgers and Commanders among others. LeBron invested into Liverpool FC. Numerous other athletes have been getting involved too. It’s great to see new people getting ownership stakes in sports teams. I hope this trend is just starting and will certainly grow from here 📈 #LinkedInSports #LinkedInSportsChallenge

Last month, I attended a 70th anniversary celebration for Sports Illustrated, attended by over 180 attendees including many who traveled to New York City. The experience felt like a high school reunion and there were so many hugs, laughs, smiles and tears. Having read an article about the changing landscape in Chicago Sports TV, I pondered, will I be attending a similar event in the not to distant future for NBC Sports Chicago after its 20 years of broadcasting Chicago Sports. Despite the challenges in the Regional Sports Network business, it appears my former RSN will likely go the way of its predecessor, Fox Sports Net Chicago and cease operations given the value of network to distributors without live sports means a drastic reduction in affiliate fees, alongside a significant decrease in advertising. From a business perspective, I'd love to learn how this new network was able to keep the Chicago Blackhawks who likely had options to join the Chicago Cubs on Marquee Sports Network. With a few exceptions, the most successful RSNs have spring summer + fall/winter programming of the four major pro sports (e.g. YES Network has Brooklyn Nets in addition to New York Yankees, compared to MSG Networks has New York Knicks, New York Rangers, New York Islanders, New Jersey Devils). And what carriage deal can this network expect from Comcast, the managing partner of NBC Sports Chicago, and number one distributor in the region? #sportsbiz #chicagosports #bulls #blackhawks, #cubs, #whitesox #OTT #sportstv

Imagine a visionary sports complex that caters to USCB but also becomes a hub for youth, minor and college teams. By investing in this sports complex, we not only provide a platform for the Sandsharks and other teams to showcase their talents but also tap into the growing trend of sports tourism. Imagine teams from around the state and neighboring states converging on our complex, bringing with them a wave of excitement and economic growth. The revenue generated from sports tourism can be utilized to benefit the local community. Imagine using these funds to reduce the cost of signing up for local recreation sports programs. This would make sports more accessible and affordable for everyone, fostering a healthier and more active community. The additional revenue from sports tourism, we can invest in building a complex that caters specifically to the needs of the local community. Imagine a facility that not only hosts games but also provides spaces for local businesses to advertise, creating a mutually beneficial partnership. This synergy between sports tourism and local recreation will not only enhance the experience for athletes and spectators but also boost the local economy.

📌 𝗟𝗲𝗯𝗿𝗼𝗻 𝗝𝗮𝗺𝗲𝘀 𝗻𝗼𝘁 𝗼𝗻𝗹𝘆 𝗮𝗱𝗱𝗶𝗻𝗴 𝘀𝗽𝗼𝗿𝘁𝘀 𝗿𝗲𝗰𝗼𝗿𝗱𝘀 He also adds sports properties to his investment portfolio.↓ → The Los Angeles Lakers star has become the all-time leading scorer in NBA history. → In 2023, he launched the first Liverpool FC x LeBron collection. → Now, he has unveiled Chapter 2 of LBJ x LFC just days after reaching 40,000 career points. Swipe to the end of the carousel to discover his stock acquisitions in sports. ✍️ Share if you believe athletes and brands should consider more partnerships than sponsorship with campaign payment. 👉 Discover more ideas about marketing, advertising, investments, and sports technology by following Meca Sports! Ignite Your Spirit! ✨