Yo, who’s that businessman doing work in his finely decorated office? Who’s that dude making money and closing deals?
Racing is expensive. The cars, the trucks, the tires, hell, even the snazzy polo shirts with a little logo on it all cost money. But it’s always been a mystery just how much money. Until now. Here’s the story of how one team spent more than $150,000 on all of it – and that’s just for one race.
Strange as it may seem to read it, flop-haired sinister Andy Warhol impersonator Bernie Ecclestone doesn’t actually own Formula One. The group with the biggest stake in the biggest spectacle of motorsports actually belongs to private equity firm CVC Capital Partners. And word on the street is they want out – and…
Disney's quarterly earnings weren't great, bogged down by an apparently slow quarter for ESPN. But hold back your tears: the collective cable networks' profit was "only" $1.9 billion last quarter.
This is probably the death knell for 38 Studios, the video game company whose problems started with a missed loan payment at the beginning of the month. Since then the company has bounced a check to Rhode Island, failed to make payroll, and begged the state for more help in the form of tax credits. Today, one (former)…
Curt Schilling loves his MMORPGs (think Everquest or World of Warcraft). So much so that in 2006, he founded his own company to produce them. 38 Studios set up shop in Maynard, Mass., and got to work.
Reds first baseman Joey Votto officially signed a big contract extension today. A big, honking deal: 10 years, $225 million, on top of the two years and $26 million the Reds already promised him for 2012 and 2013. There's an option year for 2024.
We did a post yesterday on Richard Nixon's 1972 efforts to forever sustain the NFL's policy of blacking out teams' home games in their local markets. The NFL rejected Nixon's bargain, and so, from 1973 on, only those games with unsold tickets 72 hours prior to kickoff would be blacked out. That rule still stands.
Dan Lewis at Amazin' Avenue makes sense of the Mets' finances so you don't have to. Essentially, they're fucked independent of Bernie Madoff, and everything the team could conceivably sell is mortgaged. Makes you yearn for a couple months ago, when the team was a fuzz less fucked, but still fucked. [READ »]
Bridgehampton, N.Y., out on the East End of Long Island, is Red Sox territory. The bars along Main Street are decked out in red and will only show Yankees games if there's nothing else on. TVs receive the Hartford network affiliates. Carl Yastrzemski was born on a nearby potato farm and still holds a handful of…
Just two weeks ago, Vick signed a deal to be the face of EnerJel, a nutritional supplement/energy boost that you can rub into your skin. Because swallowing Gatorade was getting too difficult. But this was a product whose time has come, and Vick was clearly the only man who could bring it to the masses. So parent…
You know all those jokes about French Canada? Turns out the National Assembly of Quebec hasn't heard them yet. This is a completely bizarre story, with obvious law-breaking, party defections, and boondoggles so big you wonder if Halliburton has opened a Québec branch office.
Fox is charging up to $3 million for 30-second ads during Sunday's Super Bowl and between $100,000 and $2 million for spots before or after the game. Thus, CNBC's estimating the network should bring in more than $300 million.
A Lithuanian company — the name of which is pronounced Ooh La La — has big plans. Specifically, they're trying to open a vacation resort in the Maldives at which the workers are all blonde.
Screw the worldwide economic meltdown! The Indian Premier League is expanding and two owners just paid $700 million for the right to buy in—or more than it would have cost to buy the entire league two years ago.
ESPN business reporter Darren Rovell answers a question we've always had: What happens to all the merchandise they make for the team that loses in the championship game? Rovell tracks how merchandisers made "2005 NBA Champions" apparel for both the Spurs and the Pistons — it's only the third time in the modern era the…