When the Los Angeles Dodgers sold for $2.15 billion last year, the purchase price — 54 percent more than prevailing estimates — didn't just elevate the fortunes of the team's owners. It raised the valuations of every franchise in Major League Baseball. Bloomberg News spent nine months compiling and analyzing the numbers behind the business, and determined that MLB's 30 teams are worth about 35 percent more on average. Below, a breakdown of how the teams stack up.
Click here to see infographic
Tuesday, October 29, 2013
Monday, October 7, 2013
In Formula One, a Grip Not Easily Loosened
SPA-FRANCORCHAMPS, Belgium — The command center of the shimmering, multibillion-dollar road show that is Formula OneGrand Prix racing is an unobtrusive, gray-walled motor home known colloquially as the Kremlin.
Named for the iron-fisted rule dispensed from its bland leather sofas, the Kremlin sits parked at the heart of a crowded paddock that is the base for teams like Red Bull, Ferrari, Lotus, Mercedes and McLaren. It can be easy to miss amid the gourmet restaurants and wine-stocked bars of the teams’ palatial hospitality centers, but none in the paddock dispute that the Kremlin and its elusive tenant — the 82-year-old Englishman Bernie Ecclestone — remain the nerve center of racing’s Billionaires Row.
Friday, September 27, 2013
Bethpage Black to Host 2019 PGA Championship and 2024 Ryder Cup
In an exciting announcement by the PGA of America, Bethpage Black in New York will now host 2019 PGA Championship and 2024 Ryder Cup.
Click here to view announcement
Click here to view announcement
Tuesday, September 10, 2013
Deutsche Bank Championship winning over fans for more than just golf
Deutsche Bank Championship winning over fans for more than just golf
By Zachary Baru
Whether or not you are a golf fan, it is very easy to be a fan of the Deutsche Bank Championship. Since 2003 when the tournament began, so many of the headlines coming out of TPC Boston in Norton were about the players and the scores, while the most important numbers are the charitable contributions.
From the tournament's inception ten years ago, over $24 million in charitable proceeds has been generated. No, that is not a typo, it is a number that continues to grow each year, primarily benefiting the Tiger Woods Foundation. In addition, the tournament benefits the Stop & Shop/Giant Family Foundation and other charities throughout New England.
In last year's tournament alone, charitable contributions reached $2.4 million. Clearly, the Deutsche Bank Championship is far more than a PGA Tour event, but rather an event for the entire region. Capitalizing off its current status as the second of four tournaments that are part of the FedEx Cup Playoffs, the tournament receives high exposure both locally and on the national stage. This results in the biggest names in golf coming to Norton, great attendance, and most importantly, large charitable donations.
The Deutsche Bank Championship is just one example of what is happening at tournaments across the country. Tournaments from the PGA Tour, Champions Tour and Web.com Tour combined to surpass $130 million in charitable contributions in 2012. As of April 2013, the all-time total raised for charity from the PGA Tour reached $1.86 billion. It is expected that the $2 billion mark may be reached in early 2014. The Deutsche Bank Championship is just one of many great stories that can be found on the PGA Tour.
What has been occurring at TPC Boston in Norton over the last decade is somewhat of a model of what sports and entertainment should be - an event that not only impacts the local economy, but also gives back to the community through charity. That is just what is taking place at the Deutsche Bank Championship next month, when sport and community blend together entertaining fans and raising millions through the act of charitable giving.
Zach Baru can be followed on Twitter @zbaru and reached at zachbaru@gmail.com.
Whether or not you are a golf fan, it is very easy to be a fan of the Deutsche Bank Championship. Since 2003 when the tournament began, so many of the headlines coming out of TPC Boston in Norton were about the players and the scores, while the most important numbers are the charitable contributions.
From the tournament's inception ten years ago, over $24 million in charitable proceeds has been generated. No, that is not a typo, it is a number that continues to grow each year, primarily benefiting the Tiger Woods Foundation. In addition, the tournament benefits the Stop & Shop/Giant Family Foundation and other charities throughout New England.
In last year's tournament alone, charitable contributions reached $2.4 million. Clearly, the Deutsche Bank Championship is far more than a PGA Tour event, but rather an event for the entire region. Capitalizing off its current status as the second of four tournaments that are part of the FedEx Cup Playoffs, the tournament receives high exposure both locally and on the national stage. This results in the biggest names in golf coming to Norton, great attendance, and most importantly, large charitable donations.The Deutsche Bank Championship is just one example of what is happening at tournaments across the country. Tournaments from the PGA Tour, Champions Tour and Web.com Tour combined to surpass $130 million in charitable contributions in 2012. As of April 2013, the all-time total raised for charity from the PGA Tour reached $1.86 billion. It is expected that the $2 billion mark may be reached in early 2014. The Deutsche Bank Championship is just one of many great stories that can be found on the PGA Tour.
What has been occurring at TPC Boston in Norton over the last decade is somewhat of a model of what sports and entertainment should be - an event that not only impacts the local economy, but also gives back to the community through charity. That is just what is taking place at the Deutsche Bank Championship next month, when sport and community blend together entertaining fans and raising millions through the act of charitable giving.
Zach Baru can be followed on Twitter @zbaru and reached at zachbaru@gmail.com.
Tuesday, September 3, 2013
PGA: Elite Foursome finalized
PALM BEACH GARDENS, Fla. -- Masters Champion Adam Scott, U.S. Open Champion Justin Rose, PGA Champion Jason Dufner and defending PGA Grand Slam of Golf Champion Padraig Harrington form the elite foursome who will compete in the 31st PGA Grand Slam of Golf, Oct. 14-16, at Port Royal Golf Course in Bermuda.
Read full article here
Read full article here
Monday, August 19, 2013
Lefty captures Claret Jug, 5th major
GULLANE, Scotland -- For more than 21 years, the entire length of Phil Mickelson's professional career, Jim "Bones" Mackay has traveled the world, lugging a golf bag and dispensing wisdom through a journey that saw his boss achieve greatness.
But never had he cried after a victory.
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