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Last season’s record revenue for Major League Baseball translates into all-time-high valuations for its teams. By Mike Ozanian and Justin Teitelbaum T he eroding economics of regional sports networks made little difference: Major League Baseball teams are still hot assets. Before Arte Moreno pulled the plug on selling his Los Angeles Angels in January, he would have gotten at least $2.7 billion, or $280 million more than the MLB record $2.42 billion that Steve Cohen paid for the New York Mets in 2020, according to people familiar with the sale process. The average MLB team value is up 12% this year, to $2.32 billion. During the 2022 season, revenue (net of stadium debt service) increased 7.8%, to an all-time high of $10.3 billion. The top-line gain was driven by a 64% increase in ticket revenue (including postseason and spring training), to $2.4 billion (the 2021 season started with nearly all ballparks under capacity restrictions) and a 35% increase in … [Read more...] about Baseball’s Most Valuable Teams 2023: Price Tags Are Up 12% Despite Regional TV Woes

FILE PHOTO: Dancers clad in mango-inspired costumes participate in the street dancing competition of the Mango Festival in Zambales to celebrate the province’s bountiful mango harvest. (Allan M. Macatuno) SAN ANTONIO, Zambales — The biggest festival in this province, featuring the world’s sweetest mango, will return on April 21–29 after a three-year hiatus due to the COVID-19 pandemic. According to Gov. Hermogenes Ebdane Jr., the provincial government and various community organizations have started preparing for at least 16 major events to highlight a nine-day festival. “We expect more visitors to come to the festival this year because we have activities that would appeal to a wide range of audiences,” Ebdane said in a statement on Wednesday, March 22. Aside from the parades, drum and lyre performances, street dance competitions, various mango-eating challenges and a series of mango-picking activities targeting visitors will take place on five provinces’ farms. Other … [Read more...] about Zambales mango festival to go full blast after pandemic halt

Let’s take a look at ten fascinating facts about Ireland’s favourite sport, hurling. Hurling is Ireland’s national sport, played and enjoyed by millions all over Ireland and around the world. It’s a fascinating sport like no other that has been around for thousands of years. In fact, it dates back to 1200 BCE. Hurling is an integral part of Irish identity and culture. If you have a keen interest in Ireland and Irish history, then this article will be of significant interest to you. Let’s take a look at some interesting facts about hurling. 1. It’s one of the world’s fastest ball games. The first fun fact about Ireland’s favourite sport is that it is one of the fastest ball games in the world . Hurling involves a hurl (the bat) and a sliotar (the ball), and the fastest hit ever recorded was back in 2014 during the All-Ireland senior Hurling Championship semi-final when Kilkenny marksman TJ Reid struck the ball at a whopping 181.1 km p/h (112.5 miles p/h). 2. … [Read more...] about 10 facts About Ireland’s favourite Sport, hurling

Share to Twitter Share to Linkedin Founder of DLT Labs , which pioneers blockchain enterprise solutions via distributed application architecture development and integration. Over the past two decades, several founder-CEOs have stepped down from their CEO roles at a crucial juncture in their firms. In fact, a Harvard Business Review analysis of 212 U.S. startups founded between the late 1990s and early 2000s showed that "most founders surrendered management control long before their companies went public." It stated that 50% of founders stepped down from the CEO post within three years of launching the venture, whereas fewer than 25% of founders led their firms’ IPOs. In The Hard Thing About Hard Things , Ben Horowitz, cofounder and general partner at VC firm Andreessen Horowitz, even went so far as to state that founder-CEOs are “generally much better at the first part than the second,” especially once their companies mature and become more … [Read more...] about Five Habits Every Company Founder Should Embrace