The hottest Sports Business Substack posts right now

Brian Rolapp, known for his work with the NFL, is now the CEO of the PGA Tour. He's expected to improve the tour's media strategy and resolve conflicts.
Rolapp has a strong background in sports media, creating major deals for the NFL that greatly increased its revenue.
He will be the final decision-maker for the PGA Tour, working to strengthen partnerships and navigate relationships with LIV Golf.

The Kansas City Chiefs are struggling to secure funding for a new stadium, as a recent taxpayer proposal was rejected. This reflects a larger trend where sports teams are finding it hard to get public money for their facilities.
The Chiefs wanted to extend a small sales tax to help pay for renovations and secure their future in Kansas City, but voters didn't agree. It's notable that this tax has been around for almost twenty years.
Other teams, like the Arizona Coyotes, have faced similar issues, showing that many franchises are looking for ways to bypass public votes to get funding. The situation highlights the challenges in sports financing today.

Many athletes, like Cristiano Ronaldo and Max Verstappen, are buying private jets for convenience and comfort on their travels.
Ronaldo's jet, often said to cost $70 million, was actually used and likely bought for much less — he may have even leased it instead.
Private jets can save time and offer luxury, but it's important to understand the full costs, including operation and maintenance.

The Buffalo Bills are using technology to enhance the game experience in their outdoor stadium. This means fans can enjoy the game with a feel similar to being in a dome.
Stadium architecture has become very complex as teams look for new ways to earn money. They are doing this to prepare for changes in how people watch sports, especially with the decline of cable TV.
Many sports teams are investing in their stadiums to create more than just a place to watch games. They want to make these venues destinations for entertainment and socializing.

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Tiger Woods' recent scandals have caused the companies that sponsor him to lose a significant amount of market value, totaling between $10-$12 billion.
Previous studies showed that celebrity endorsements can either boost or hurt a company's market value, depending on the athlete's public image.
Companies need to carefully consider the risks of using celebrity endorsements, as a negative event can lead to serious reputation and financial damage.

Investors can buy shares in an athlete's future earnings, like Arian Foster's, but they face a lot of risks. Injuries or poor performance can greatly affect how much money an athlete makes.
Companies like Fantex manage these investments and take a cut of the earnings for expenses, meaning investors depend on dividends, which aren't guaranteed. The value of the shares can drop if the athlete doesn't perform well or gets injured.
This type of investment is new and speculative, which means investors should be careful. The market for these shares is not well established yet, making it hard to sell them if you need to.