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SBJ in Paris

Keep up with the latest from the Summer Games with SBJ's Rachel Axon

Finance

Facilities: A Financial Friendly

Journal - 07/22/2024
For the third summer in a row, FC Barcelona will bring its squad to the United States for a series of preseason friendlies in late July and early August, this time at MetLife Stadium in New York, Camping World Stadium in Orlando and M&T Bank Stadium in...

Adidas raises full-year guidance after strong Q2

Morning Buzz - 07/17/2024
Adidas "upgraded its sales and earnings guidance for the year" after posting "better-than-expected results for the second quarter as customers bought more products despite less promotional activity." The company "now expects currency-neutral revenue to increase at a high single-digit rate" this year, compared with a mid-to-high single-digit rate previously....

S&P Global Ratings upgrades Speedway Motorsports

Closing Bell - 07/16/2024
S&P Global upgraded Speedway Motorsports’ credit rating despite expectations it will have a lower EBITDA in NASCAR’s next media cycle, since the new seven-year agreements lock in more than half of its annual revenue. In a note published Monday, the global ratings agency said it has upgraded SM’s issuer...

FSG ends talks to purchase French club Bordeaux

Morning Buzz - 07/16/2024
Fenway Sports Group is "no longer pursuing a deal to purchase" French Ligue 2 club Bordeaux after reports emerged last week that early discussions had been held about a potential deal. The "financially stricken club" is faced with demotion to the Championnat National for next season if...

Report: StubHub delays IPO until after Labor Day

Closing Bell - 07/12/2024
StubHub is "delaying a potential initial public offering until after Labor Day," according to a source. The online ticketing service had been "eyeing a summer IPO, aiming for a valuation" of at least $16.5B. However, "stagnant market conditions have led the company to postpone its efforts." The...
Quote Of the day

Forceful moments deserve forceful support and leadership ... This is a really important time for the conference, and either you believe in what's been signed or you don't.

-- ACC Commissioner Jim Phillips, on how the conference will continue to fight the legal challenges from FSU and Clemson. Columbia STATE, 7/22
PODCASTS

SBJ Morning Buzzcast: July 24, 2023

News from the IOC in Paris, talks about an...
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Yahoo Sports’ Missy Franklin, NBC's Mallory Weggemann and the latest on NBA media rights

On this week’s pod, the NBA rights deal is...
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SBJ I Factor: Jess Smith

...
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Meet ADAM the All Star robot bartender

Inside Look 2024 NHL Draft

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Tom Friend on what ESPN's main NBA booth could look like without JJ Redick

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