Archive for the 'Business of Sports' Category
Subprime claims a new victim: football?
Hoping to capitalize on the shuttering of NFL Europe, the All American Football League is scheduled to kickoff its inaugural season on April 12 … or, it was.
In a statement on the league’s website, the AAFL stated the following:
Since inception, the League’s finances have been indirectly t…
Clemens’ case shows Congress and the Justice office have run out of things to do!
In case you missed it, Congressmen Henry Waxman of California and Tom Davis of Virginia, the Democratic and Republican leaders on the House Oversight Committee, have sent a letter to the Justice department asking them to investigate whether Roger Clemens “committed perjury and made deliberately …
The Super Bowl has nothing to do with the stock market
Of all the idiotic predictors of market performance (and I would argue that nearly all of them are idiotic: predicting the future direction of the stock market as a whole is darn approach impossible), the Super Bowl Indicator has to be the dumbest.
Here’s how it work: When an “original” Natio…
Invest in a pitcher! The next Nolan Ryan?
Porkbelly futures and plain-vanilla interest rate swaps not exciting adequate?
Well now you can invest in a pitcher! For $50,000, you can buy 4% of 25-year-old minor league relief pitcher Randy Newsom’s future Major League earnings. That means that he’ll need to earn $1.25 million in the majo…
Invest in a pitcher! The next Nolan Ryan?
Porkbelly futures and plain-vanilla interest rate swaps not exciting adequate?
Well now you can invest in a pitcher! For $50,000, you can buy 4% of 25-year-old minor league relief pitcher Randy Newsom’s future Major League earnings. That means that he’ll need to earn $1.25 million in the majo…
What the Oscar Pistorius story teaches us about investing
In my day job as an analyst, I invent out moment and day again the conspiracy theorists, claiming that “the big guys” are out to get us, making it impossible to invent money in the market. While insider buying is a good divining stick when analyzing companies, the view that the institutions and …
Sportswriters in demand as Yahoo, ESPN poach from print media
With the newspaper industry in decline and big layoffs at a lot of big newspapers, that is a rigid date to be a journalist. But someone forgot to tell that to the elite sportswriters who, according to The New York Times, are receiving offers of double or triple what they earned at newspapers to …
Money Losers of 2007: Michael Jordan double-dribbles, gets stuffed
Michael Jordan, aka MJ, spent his illustrious NBA career proving to the basketball world that he could fly higher and score better than any player in history. In 2007 he showed that even in the contest of divorce he was heads and shoulders above his competitors.
The terms of MJ’s 2007 divorce…
Money Losers of 2007: Marion Jones is final out of the blocks
Could there be any worse fate for an Olympic level athlete than to be stripped of their statistics and medals? Yes, there could be worse things. Just ask former Olympic track star Marion Jones which is worse, losing your medals or being forced to tell your mother you have to sell her house.
A…
Money Losers of 2007: Michael Vick, or dog bites man
When the 2006 season began, football player Michael Vick had it all. The #1 pick in the National Football League’s 2001 draft, he had become an all-pro as quarterback for the Atlanta Falcons. Vick’s endorsement income from contracts from Nike, EA Sports, Coca-Cola and other top corporations had earn…
America is ready to forgive steroid users — whether they’ll confess it
Yesterday, I praised Adam Piatt for his admission of steroid use and efforts to assist former Senator George Mitchell in his efforts to investigate performance enhancing drug use in professional baseball. I wrote that “Hopefully the media will treat him well in light of his revelations as a sign…
Money Winners of 2007: David Beckham takes by the Galaxy
English soccer star David Beckham came to America earlier that year, joining the Major League Soccer’s Los Angeles Galaxy with a base salary of $5.5 million and guaranteed compensation of $6,5 million, making him by far the highest paid soccer player in the United States. Throw in some marketing opp…
Steroid user Adam Piatt is a model of ethics
Adam Piatt retired from Major League Baseball at the age of 28 in 2004. His career statistics are unimpressive: a lot of instance in the minor leagues and a total of just 521 major league at-bats and 16 home runs.
Thursday afternoon marked the first moment Piatt has ever made headlines: The M…
Money Winners of 2007: Tiger Woods rakes in the green
Tiger Woods has been a staple on money lists for by a decade now, so I doubt anyone is unaware of the magnitude of his income. that past year, though, has been a great one even by his standards.
He had an outstanding year on the golf course, with seven tour victories, including a PGA championship…
