Connect with us

Sport Business

Golden State Warriors Record Highest Revenue Among NBA Teams – $474M in 2019/20 Season

Published

on

The Golden State Warriors (GSW) have recently risen from its days at the bottom of the NBA standings to a powerhouse that won 3 world championships from 5 straight Finals appearances from 2015-2019.

Success on the court also means success for its majority owner Joe Lacob who purchased the team in 2010 for what now seems like a bargain, at a price of $450M. According to data presented by Safe Bet, the Golden State Warriors had the highest revenue among NBA teams for the 2019/20 season with $474M.

GSW Created A Dynasty On Its Way to NBA’s Highest Revenue

The Warriors enjoyed a popular period in the late ’80s and early ’90s but struggled mightily in what is known as the “Wilderness Years” from 1997-2009. In 2010 a 19 person ownership group spearheaded by Joe Lacob purchased the Golden State Warriors for 450M from Chris Cohan, a change many felt sparked the rejuvenation of the franchise.

The new ownership group’s intentions were clear with investments being made in the right direction. Smart draft picks of prospective young talents such as Klay Thompson, Harrison Barnes and Draymond Green made GSW a consistent playoff team. Future superstar and back-to-back league MVP Stephen Curry was also drafted in 2009, setting the Warriors up for a rebuild ahead of its most successful period in franchise history.

The Warriors recent success and proactive investments by the owners such as the Chase Center have made it the second most valuable team in the NBA behind only the New York Knicks with a franchise value of $4.7B.Golden State’s $474M revenue is also the highest among NBA teams for the 2019/20 season.

Chase Center Final Piece in the Puzzle For Lacob and GSW

2014 also marked the year that Joe Lacob and the Warriors ownership group began purchasing the Warriors’ new home which was finalized in 2015 as the Chase Center. The new arena had its grand opening on September 6, 2019. The first official regular-season NBA game was played on October 24, 2019, when the Warriors hosted the Los Angeles Lakers in a losing effort.

The Chase Center is a modern marvel and is a considerable upgrade from GSW’s former home, the Oakland Arena which was known as Oracle Arena from 2006-2019. The Oakland Arena first opened in 1966 and was last renovated more than 20 years before the Warriors decided to move.

The Warriors needed a venue that represented its recent success on and off the court and delivered just that with the Chase Center, named after JPMorgan Chase purchased the naming right of the arena. Before the pandemic, it was estimated that the Warriors earn a revenue of $7M per home game at their new home from concessions, tickets and premium seating. The team’s sponsorship revenue also increased by an estimated 54% in the new arena

Forbes values Chase Center at just over $1.4B and credits the new arena for the rise in value of the GSW brand: “the new arena is why the Warriors surpassed the Lakers as the league’s second most valuable team.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Sport Business

FA Cup Semi-Finals, Copa del Rey Final Live on StarTimes

Published

on

Real Madrid's Portuguese forward Cristia

Top-flight European football awaits sports fans this weekend on StarTimes.  

Barcelona will seek their first glory this season as they battle Athletic Club in the Copa del Rey final on Saturday at 8:30 pm

The FA Cup semi-final clash between Tuchel’s Chelsea and Guardiola’s Manchester City will take place Saturday in Wembley at 5:30 pm. Leicester City will face Southampton on Sunday at 6:30 pm.

All matches will be aired live and in HD on StarTimes World Football Channel, currently sitting on its Basic for N1700 monthly and Smart Bouquet for N2200 monthly.

Tuchel has been a perennial trophy-winner with PSG and last season won the double with the club from the French capital.

Like Tuchel, his Manchester City counterpart, Pep Guardiola has made winning trophies his business. He seems on track to win his third league title with the club this season and would love to emulate the 2018/19 season, when they won the double.

Guardiola has an embarrassment of riches when it comes to team-selection, with Ilkay Gündogan and Portuguese centre back Ruben Dias arguably being the stand-out players for the side in the last few weeks.

Despite being a midfielder, Gündogan is the club’s top scorer this season so far and Chelsea will be hard-pressed to keep the German international at bay.

Sunday’s semi-final sees Leicester City take on Southampton and like the Chelsea v Manchester City game, the match will be played at Wembley.

The biggest problem Leicester face is that they are very dependent on the goals of Jamie Vardy and Kelechi Iheanacho, and if the two fail to score, Leicester struggle to win.

For Southampton, appearing in the semi-final is presumably, already a huge success, especially as they had to beat Arsenal to get there.

Continue Reading

Sport Business

Europa League: Arsenal in Tough Spot After Home Draw

Published

on

UEFA Europa League quarter-finals return leg will be played on Thursday evening at 8pm live on StarTimes.

Aubameyang’s Arsenal is in a tough spot after their disappointing draw against Slavia Prague at home last week. Manchester United will be much more confident thanks to Marcus Rashford and Bruno Fernandes’ goals that gave the Reds a 2-0 victory.

Of the four home sides in last week’s first leg quarter-final matches of the Europa League, Arsenal achieved the best result.

The Gunners were the only club to avoid defeat in their own stadium, though the Premier League club were held to a disappointing 1-1 draw by Slavia Prague.

In the first leg, Ivorian winger Nicolas Pépé gave Arsenal a late lead – five minutes from the end.

But just when Mikel Arteta’s side seemed to be able to take a one-goal advantage into Thursday’s away leg, Czech international defender Tomáš Holeš found an equalizer five minutes into injury time.

Slavia though will be wary of Arsenal’s away form in the competition, as the London side has yet to lose an away game in the Europa League this season.

They have won four of the six matches they have played away from home and drawn the other two.

The two other quarter-finals see La Liga club Villarreal take on Dinamo Zagreb in Spain with a 1-0 lead from the away leg, while Roma defend a 2-1 lead at home against Ajax Amsterdam.

Since being re-launched as the Europa League in 2009, the competition has grown in stature and regularly grabs its share of footballing headlines. With clubs like Arsenal and United involved, the world will be watching this week’s return legs in the quarter-finals.

African football fans will have a chance to watch the games live and exclusively on the StarTimes channels as Africa’s leading digital-TV operator broadcasts all the action from the exciting Europa League.

And two months from now, StarTimes is going to broadcast all matches of the long-awaited UEFA Euro 2020 live and in HD.

Continue Reading

Sport Business

El Clásico Live on StarTimes This Saturday

Published

on

La Liga’s El Clásico on Saturday promises to be a significant game in the title race. Messi’s Barça go into the clash just a point off the top spot, and two points ahead of a Real Madrid that just beat Liverpool in the Champions League.

Saturday’s match is no doubt the highlight of the weekend’s global football calendar and fans will miss none of the action as the game will be televised live and in HD on the StarTimes’ Sport Premium channel at 8 pm, as Africa’s leading digital-TV operator broadcasts La Liga matches throughout the continent as well as Bundesliga, UEFA Europa League, FA Cup and the coming UEFA Euro 2020.

Saturday’s home side, Real Madrid have a slight advantage in the statistics, having won 74 of the 181 previous matches, while Barcelona won 72, with 35 ending in a draw.

Due to COVID regulations, the match will be played in the Alfredo Di Stéfano Stadium, which normally hosts games of the Real Madrid reserve side that campaigns in the Segunda División B, which is the third tier of Spanish football.

Both sides have several injury worries ahead of their 182nd La Liga clash.

Against Liverpool, Real Madrid coach Zinedine Zidane had to make do without captain Sergio Ramos, who has played in more El Clásico matches – 45 – than any other player.

Ramos’ central defensive partner Raphael Varane will definitely be out of the game as he has tested positive for the Covid virus and will be forced to quarantine.

Dani Carvajal and Eden Hazard were also unavailable against Liverpool and are likely to miss the clash against Barcelona.

Barcelona, who needed a last-gasp goal from Ousmane Dembele to beat lowly Valladolid 1-0 on Monday will probably be without inspirational Gerard Pique on Saturday.

But despite all the absences, there are still plenty of stars that will feature in the game, with Barcelona having the likes of Lionel Messi, Frenkie De Jong, Jordi Alba, Antoine Griezmann and young American Sergino Dest, while Real can count on Toni Kroos, Karim Benzema and Luca Modric – amongst others.

Continue Reading

Trending