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NBA Owners Deep China Investment

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It has long been known that the NBA has a deep connection with China. That means it’s worth $ 5 billion through the NBA China. According to a new investigation, the relationship between its owner and the country goes far beyond court.

The 40 major owners of the NBA $ 10 billion With investments related to China, according to ESPN’s analysis.

  • Joseph Tsai, Brooklyn Nets owner and vice chairman of Chinese retail giant Alibaba, has 53.5% of his net worth in China.Tsai is Alibaba’s second largest shareholder and his net worth is $ 8.2 billionBy Forbes.
  • Co-owner of Sacramento Kings Paul Jacobs finished 30% According to a survey, his net worth linked to China $ 200 million With Qualcomm shares.
  • Robert Pera, owner of Memphis Grizzlies $ 369 million With exposure to China through his wireless device parts maker Ubiquiti.

Miami Heat owner Micky Arison $ 375 million Invested in China through a venture related to his cruise line company Carnival Corp.

Through the alliance, Carnival will become entangled with state-owned enterprises. CSSC, It has a military connection. The CSSC has been tagged by the US Government as “behavior against” the “interests of national security or foreign policy” of the United States.

Tsaiops

Tsai is often at the heart of the complex relationship between the NBA and China.

He is reportedly Daryl Morey Molly, then general manager of the Houston Rockets, was fired after tweeting in support of a Hong Kong protester. Molly later refunded the suite she bought at the Barclays Center in Nets.

Outdoor apparel, activewear and footwear giant VF Corporation reported last Thursday’s fourth-quarter sales of $ 2.8 billion, up 9% year-on-year. Full-year revenue increased 28% to $ 11.8 billion.

VF Corporation includes several brands in its active segment. Van, BestWhen JanSportWhen The north face, Altra runningWhen Timberland Sitting in that outdoor segment.

  • The North Face brought in $ 800 million Revenue is up 24% year-on-year.
  • Recorded by Vans, which sells skateboard shoes and apparel $ 1 billion Sales were flat year-on-year. According to the company’s earnings announcement, the company’s victory is ” Growth lower than planned In the buns. “

Nevertheless, VF Corporation’s five brands, including Vans, The North Face and Dickies, achieved record sales during the year. The North Face has increased its annual revenue by 21% since 2020. $ 3.26 billion..

Room for improvement

Vans saw the Global Vans Family reach 22 million members, 49% increase in the last 12 monthsVF Steve Randle’s Chairman, President, and CEO were not completely satisfied with the company’s performance in the active space.

“Some of our active segments didn’t achieve that potential,” Randall said. “We understand the problem, we have the right people in place, and we are confident that we will get better results.”


The Public Investment Fund, a Saudi Arabian sovereign wealth fund, has upgraded its gaming portfolio with one of the most iconic names in the field.

approximately $ 600 billion The fund acquired a 5% stake in Nintendo $ 3 billionIs the company’s fifth largest shareholder.

With a recent purchase, the PIF operated by Prince Mohammed bin Salman will be added to the list of already included gaming investments.

  • Activision Blizzard
  • Electronic Arts
  • Take to interactive
  • Over 5% of Capcom and Nexon
  • SNK is expected to increase to 33.3% and 51% in the future

Some analysts say Saudi Arabia Develop your own content sector And I buy stocks from game companies to learn from them. Others see the investment as a simple bet that the company’s stock goes up.

Unnecessary attention

PIF is happy to invest in sports and games, but thanks to Saudi Arabia, it can pose challenging questions to the recipients. Checkered human rights record..

Purchasing Premier League Team Newcastle by PIF $ 373.6 million Last year, criticism was raised, especially in light of the British government’s acquisition of Chelsea FC after sanctions on its owners. Roman Abramovich..

Equation 1 Faced with similar questions to continue racing in Saudi Arabia.

Last year, the creator of “League of Legends” Riot Games After facing criticisms related to Saudi Arabia’s human rights records, it withdrew from its partnership with the Saudi city of Neom.

Foot Locker has maintained a steady pace with its latest earnings report.

Generated sportswear and footwear retailers $ 2.18 billion In the first quarter of 2022, 1% increase Year-over-year, quarterly sales were $ 2.2 billion, slightly losing analysts’ estimates.

  • Net income reached $ 133 million in the first quarter, compared to $ 202 million in the first quarter of 2021.
  • Existing store sales 1.9% decrease Compared to the same period last year.
  • Company stock went down 30% or more 2022 before the latest earnings report.

Foot Locker, which operates 2,815 physical stores in 28 countries, opened 24 new stores in the first quarter and remodeled or relocated 23 stores. 67 closed..

Retailers are converting about one-third of that Foot action Stored in Foot Locker with plans to close the remaining stores by 2023.

Foot Locker with Foot action 350 stores From retailer Footstar, which was $ 160 million in 2004 and is now gone.

Time of change

Earlier this month, Foot Locker Adidas To increase product sales in stores of German sportswear companies Nike Reduces your presence in retail stores.

Oregon-based companies sell more products Directly to consumers..


  • Justin Thomas Taken home $ 2.7 million for his PGA Championship victory.
  • The NBA top shot of Dapper Labs released in October 2020 Reach Sales are $ 1 billion.
  • After playing in the Basketball Africa League last year, rapper J. Cole play In the Canadian Elite Basketball League.
  • To stay ahead in the sports industry, rightsholders and brands need to adapt to the evolving ways consumers engage in sports, sports-related, and media content. See how fans are changing the game. *

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