October 27, 2021

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The Braves took Game 1 of the World Series against the Astros and ticket prices shot up accordingly. Right now, you can’t find a ticket to Games 3 and 4 in Atlanta for less than $1,100 on the secondary market. 🎟

Tom Brady Is Face of Hertz After $4.2B Tesla Order

Hertz/Design: Alex Brooks

Hertz announced this week that it’s buying 100,000 Teslas, and the company has tapped Tom Brady to promote the massive new deal.

The rental car giant worked with Brady’s creative agency Shadow Lion to create an ad campaign around the quarterback’s signature line, “Let’s go!”

The $4.2 billion Tesla transaction, made just four months after Hertz emerged from its May 2020 bankruptcy, is the largest purchase of electric vehicles in history. Teslas will now comprise 20% of Hertz’s total fleet.

The deal put a charge into Tesla’s stock price.

  • The electric car maker’s stock jumped 4.5% at market open on Monday, peaking at 18.8% growth on Tuesday morning.
  • Tesla’s market capitalization hit $1.03 trillion, making it the sixth $1 trillion public company in the world after Apple, Microsoft, Saudi Aramco, Alphabet, and Amazon.
  • The rising tide lifted founder and CEO Elon Musk to the title of richest person in the world with a net worth of $253.8 billion, as of Wednesday. In March, Musk joined the board of UFC owner Endeavor.

The Tesla Model S P100D was slated to be the model vehicle for the Electric Production Car Series, with races planned across Europe.

The series was indefinitely delayed due to an apparent failure to find a lead investor.

A-Leagues, Silver Lake Near $97M Equity Deal

A-Leagues/Design: Alex Brooks

Silver Lake Partners is close to acquiring a 30% stake in the Australian Professional Leagues for around $97 million, valuing the soccer competitions at more than $322 million, according to the Sydney Morning Herald.

The deal would mark the largest-ever single cash injection into Australian club soccer, but it still requires regulatory approval.

The A-Leagues — which oversee Australia’s top-flight men’s and women’s clubs — will use the funds for investments, operating costs, marketing, and a new digital media platform.

Silver Lake has $88 billion in assets under management and committed capital, and its portfolio of brands generates more than $221 billion in annual revenue.

The investment firm has established quite the footprint in sports.

  • It bought a 10% stake in Manchester City owner City Football Group for $500 million in 2019.
  • It participated in a $325 million investment round for Fanatics in August.
  • It’s purchasing a stake in Pro Football Focus reportedly worth $50 million.
  • It’s teaming up with Endeavor to bid on minor league baseball teams.

The A-Leagues agreed to a five-year, $155.5 million domestic broadcast deal with ViacomCBS in May, beginning with the 2021-22 season. Games will air on Paramount+ and Australian provider Network 10.

SPONSORED BY VENUENEXT

Creating an Unforgettable Game Night

As fans themselves, VenueNext understands that the in-venue experience can make or break a great night out. That’s why its entire commerce ecosystem for teams like the Utah Jazz is geared toward a single goal: creating unforgettable memories that fans will treasure forever.

Together, the Jazz and VenueNext have created a unique, mobile-first commerce experience within the team-branded mobile app that serves as the central hub for all of fans’ needs at Vivint Arena. Within the app’s dedicated “Game Night” section, attendees can place food & beverage orders, buy merch to-go and purchase unique fan experiences. A variety of contactless payments, including the ‘Jazz Notes’ loyalty program, can be used throughout Vivint Arena at VenueNext-powered point-of-sale and self-serve kiosks. 

Learn more about VenueNext’s mobile-first commerce offerings and why it’s trusted by venues everywhere.

Apple Expands Fitness+ as Gyms Bounce Back

Apple/Design: Alex Brooks

Apple Fitness+ is expanding to 15 new countries as the at-home fitness movement persists alongside the return of gyms.

The company has paired its subscription workout program with its signature wearable, offering six months of Apple Fitness+ with an Apple Watch purchase. The Watch tracks biometrics such as heart rate, blood oxygen levels, movement activity, and sleep.

Apple’s program will roll out in Brazil, Mexico, Indonesia, Saudi Arabia, and across Europe on Nov. 3.

The expansion comes during a time when many consumers are now choosing to take a hybrid approach to working out — at home and returning to gyms.

  • Peloton is ramping up efforts to bring in a broader audience. The company dropped the price of its connected bike to $1,495 from $1,895 in August and spent 24.5% of its revenue on sales and marketing in the second quarter.
  • The at-home fitness market is still growing, with equipment sales up 20% year-over-year in August, according to the NPD Group. Fitness equipment sales hit $3.7 billion in 2020, 85% above the previous year.

Foot traffic to brick-and-mortar chains like Planet Fitness, 24 Fitness, Gold’s Gym, and Crunch was up 82.2% year-over-year in the third quarter, according to Placer.ai.

Soccer Brings Billions of Tourist Dollars to the U.K.

Liverpool FC/Design: Alex Brooks

England’s North West region sees millions of visitors each year, and soccer is a huge reason why.

Home to the Premier League’s Manchester United, Manchester City, and Liverpool FC, 18% of the region’s tourists visited specifically for soccer-related purposes in 2019, compared to London’s 3%.

Overseas visitors who watched a soccer match spent a collective $1.9 billion in the United Kingdom in 2019.

  • That year, 1.5 million visits to the U.K. involved watching a live soccer game, with roughly 226,000 trips to Man U’s Old Trafford and 213,000 to Liverpool’s Anfield.
  • The National Football Museum in Manchester told Forbes that pre-pandemic about 50,000 of its visitors came from overseas each year.

The top eight stadiums accounted for 80% of overseas soccer stadium visits in England in 2019, and 70% of Americans who went overseas to watch a game said “atmosphere” was a main reason for their travels.

Despite significant financial losses during the pandemic, things are looking up for some Premier League clubs.

Man U, for example, saw revenue increase 15.3% year-over-year to $129.3 million in fiscal Q4 following a 140.4% jump in broadcast revenue to $54.9 million.

SPONSORED BY UNIVERSITY OF MIAMI

How To Establish A Career in Esports

In 2020, the global Esports industry posted $1.1 billion in revenue and had nearly half a billion viewers and fans. If participation, viewing, and fandom continue to rise around the world, that number is expected to quadruple by 2027.

Tune in on November 3rd, 2021 at 6 p.m. ET as Adam White, CEO, FOS, sits down with Warren Whisenant, Chair of the University of Miami’s Kinesiology & Sport Sciences department, and John Kracum, Vice President of Misfits Gaming to discuss the global phenomenon of the Esports industry in our latest webinar, Establishing A Career In Esports. 

Learn about the career opportunities this booming industry provides and how the University of Miami sets students up for success through its Global Esports Management Course.

Grab your seat today!

Conversation Starters

Conversation Starters

  • Best Employers in Sports is back! Whether it’s great leadership, commitment to D&I, employee wellbeing, or social endeavors, the BES Award looks to recognize organizations that do right by their teams. The survey is open now through Nov. 12! Click here to submit an application.
  • Jim “Mattress Mack” McIngvale said he will not hedge his bets on the Houston Astros to win the World Series as he looks to cash in on a historic $35.6 million profit, including $22 million from Caesars Sportsbook — which Caesars says would be the largest-ever sports bet win.
  • Sky Sports recorded its highest-ever viewership day on Oct. 24, reaching over 8 million viewers as it broadcast the Premier League, Formula One, and the ICC Men’s T20 World Cup.
  • 2021 has brought an explosion in the mainstream adoption of cryptocurrencies, NFTs, and blockchain technology. Join us Thursday, Oct. 28, at 1 p.m. ET as we sit down with FTX’s head of brand partnerships to discuss how they have become one of the leaders in the sports and crypto landscape.
  • BREAKING: SimpliSafe’s new Wireless Outdoor Security Camera offers easy setup, an ultra-wide 140° field of vision, 1080p HD resolution, 8x zoom, and two-way audio. Order today for 40% off your system.*

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Question of the Day

Where do you prefer to work out?

 Home   Gym   Both 

Tuesday’s Answer
60% of respondents think Jeff Bezos will end up buying an NFL team.

Today's Action

*All times are EST unless otherwise noted.
*Odds/lines subject to change. T&Cs apply. See draftkings.com/sportsbook for details.

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Written by Owen Poindexter, Justin Byers, Abigail Gentrup

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