Joe Pompliano on LinkedIn: #sports #sportsbiz #linkedinsports | 59 comments (2024)

Saudi Arabia’s sports strategy is simple.They host events they can’t buy (Formula 1 and WWE) while using their $925 billion balance sheet to directly compete with sports that have flawed business models (golf, boxing, tennis).Thanks for having me, Brian Sullivan!#sports #sportsbiz #linkedinsports

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UConn men's basketball coach Dan Hurley has turned down a $70 million contract with the Los Angeles Lakers - but was he ever really considering it?Today's newsletter breaks down how Hurley used media connections to build leverage as he negotiates a new contract with UConn, which could make him the highest-paid coach in college basketball.This is a fascinating look behind the scenes.READ: https://lnkd.in/eN_ib9V3#sports #sportsbiz #linkedinsports

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AC Milan recently launched its "Club 1899 Front Row Experience."The idea is modeled after what you would see at a Los Angeles Lakers or New York Knicks game, with AC Milan’s pitchside seats filled with VIP guests.Perks Include:• Parking next to the players•Personal concierge greeting•Michelin-star quality food & beverage• Pitch access during warmupsThese seats will provide AC Milan with even more firepower to add to its Serie-A-leading 2 million ticketed fans last year — and it’s just the latest example of AC Milan’s new ownership group transforming the business.AC Milan was recently named the fastest-growing club in Europe for the third consecutive year. The Italian club’s matchday revenues have doubled year-over-year, too. Their operating revenue increased by 84% over the last five seasons, and AC Milan has even seen its enterprise value grow 35% from 2023.AC Milan’s 2024 Financial ProfileStandings: 2nd in Serie ARevenue: $405 million (highest in club history)Operating Income: $81 millionClub Valuation: $1.425 billion (14th in the world)These results are directly correlated to AC Milan's new ownership group — RedBird Capital, NY Yankees, LeBron James, Drake, etc. — reinvesting in the fan experience, ultimately creating new (and diversified) revenue streams.This trend of turning premium sports assets into platform companies has been taking place in the United States over the last decade. However, AC Milan is leading the way in Europe/Italy, and many other football clubs will eventually follow in their footsteps.P.S. If you enjoy learning about the business and money behind sports, join 120,000+ others who read my 3x weekly newsletter: readhuddleup.com#sports #sportsbiz #linkedinsports

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The WNBA has released a report saying...• Attendance is up 156% from last year, and more than half of all WNBA games this year have been sellouts.•About 400,000 fans have attended WNBA games this season, filling WNBA arenas to 94% capacity.• This year's televised games (ABC, ESPN, etc.) are averaging 1.32 million viewers, nearly triple last season's average of 462,000.•WNBA Countdown is averaging 741,000 viewers, a 211% increase from last year's full season average.• The WNBA's online merchandise store has already set a single-season sales record (with 4+ months left in the season), and sales are up 756% compared to last year.•The WNBA's social channels garnered 157 million video views through the first week of the season, an all-time high and up 380% compared to last year.• The WNBA set an all-time high for League Pass subscriptions last month with a 355% increase vs. last season.So, in simple terms, business is booming 📈P.S. Follow me (Joe Pompliano) for more sports business content!#sports #sportsbiz #linkedinsports

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The Premier Lacrosse League always delivers a good time 🔥Building a new professional sports league is never easy, but it's been so fun to see this sport blow up over the last few years (and I love that the world's best players now have a viable, full-time option after their NCAA careers end).Highly recommend checking out a game!#sports #sportsbiz #linkedinsports

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Scottie Scheffler has won The Memorial Tournament, taking home the $4 million first-place prize.That means Scheffler has officially set a new single-season PGA Tour earnings record for the third straight year.2022: $14 million2023: $21 million2024: $24 millionEven crazier, there are still 3+ months left in the season.This guy is on an entirely different planet right now.#sports #linkedinsports #sportsbiz

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In this week's mailbag, a recent college graduate looking to break into the sports business asked me for advice.Here's what I told him:

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Today's podcast with Jordan Rogers is live!We discuss:• Tiger’s new brand Sun Day Red• Caitlin Clark’s $28M shoe deal• Anthony Edward’s signature shoe• The power of storytelling in sports• How new brands can steal market share This was a fun one. Enjoy!LISTEN: https://lnkd.in/e6_z7wu3

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NEW POST: Amateurism Is (Officially) DeadStarting in 2025, colleges can pay up to $20 million directly to student-athletes each year.But there are still so many unanswered questions, like where will the money come from? Does Title IX still apply? What happens to collectives?So here's what you need to know 👇https://lnkd.in/gqY23uRK#sports #linkedinsports #sportsbiz

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