Moag & Company Sports Notes (07 Oct 2022)

Date: Oct 2022

Trivia

How many championships did the Chicago Bulls win with Michael Jordan on their team?

Last Week’s Answer: The New York Jets were originally called the “New York Titans”.

Football:

The San Francisco 49ers have “poured nearly $2.7 million” into the Santa Clara mayor and City Council races, a “sharp increase in spending to back their preferred candidates and potentially cement 49ers CEO Jed York’s influence over the city,” according to the S.F. Chronicle. The 49ers initially contributed “nearly $750,000” on Sept. 1 to committees supporting Anthony Becker for mayor and Karen Hardy and Raj Chahal for re-election to the City Council. According to the California Secretary of State, the team has “more than tripled its donations barely a month later.” As a result, local voters say that “there’s no escaping the 49ers’ barrage of political advertising -- especially in the mayor’s race.” Former Santa Clara Univ. Markkula Center for Applied Ethics Dir Thomas Shanks said, “What the 49ers are trying to do is buy more of the city, and the voters will decide if they’re for sale.” The 49ers’ efforts “include a rare public spat with a rival NFL owner” in the Miami Dolphins' Stephen Ross. Among the 49ers-funded ads “blasting” S.F. Mayor Lisa Gillmor is “one that aired during ESPN’s broadcast of the 49ers- Rams game Monday night.” In that ad, the 49ers called Ross “one of Donald Trump’s biggest supporters” and claimed he was involved in “shady backroom deals” with Gillmor. The television ads are “running on CNN, ESPN, MSNBC, the Food Network and HGTV.” According to Comcast records, the 49ers have “booked” $1.4M in “television time through the election".

Baseball:

A "key deadline to keep hope alive" for Oakland officials and the Oakland A’s to reach an agreement on a new Bay Area ballpark by year’s end “has come and gone,” according to the Las Vegas Review-Journal. This could be "good news for Southern Nevada" as the A’s are "still discussing potential ballpark sites in Las Vegas should the Oakland plan fail and the team pursues relocation.” Oakland City Administrator Ed Reiskin last month said that the city and the A’s “needed to finalize a development agreement” for a proposed $12B Howard Terminal project -- including a $1B waterfront ballpark -- “by last week.” Without that, he said that a “binding vote this year by the Oakland City Council would be all but out of the question.” Now that Reiskin’s deadline has passed, it "appears the project will creep into 2023.” The team has a lease agreement to play at the “aging RingCentral Coliseum through 2024 and has set a goal of having a new stadium project in motion by then.” Not having a deal done this year is "significant" since Oakland Mayor Libby Schaaf is "restricted from serving after this year because of term limits and the November election could bring other changes to the city council.” That means negotiations on the project "would have to all but start over with a new administration.” Both the A’s and MLB Commissioner Rob Manfred have noted the "urgency for the team to figure out its future ballpark plans”.

Basketball:

Los Angeles Lakers LeBron James expressed in the "clearest terms yet his desire to own an NBA franchise in Las Vegas." Speaking to reporters after a preseason game against the Phoenix Suns at T-Mobile Arena, James said with a grin, “I would love to bring a team here at some point. That would be amazing.” He then "directly addressed" NBA Commissioner Adam Silver. James:  “I want the team here, Adam. Thank you.” He has "previously expressed his interest in owning an NBA team in Las Vegas," particularly on a June episode of his YouTube show, “The Shop: Uninterrupted”.

Soccer:

Premier League club Bournemouth expects to announce its sale to American investor Bill Foley for around £120M ($134M), with the Las Vegas Golden Knights owner in Dorset to "watch the first team train ahead of an agreement" with Bournemouth's current owner, Russian-British businessman Maxim Demin. Bournemouth has reached an agreement with Foley, and a "formal announcement will be made in the coming weeks," subject to Foley passing the EPL's owners and directors’ test. It will "bring to an end the 11-year involvement of current owner Demin, a Russian businessman with British nationality about whom very little is known, despite his heavy investment in the club." Foley is chair of U.S. insurance firm Fidelity National Financial and has an estimated worth of $1B. He will be at Vitality Stadium on Saturday for Bournemouth's game against Leicester City.

Sources: SportsBusiness Daily; ESPN.com; S.F. Chronicle; Las Vegas Review-Journal

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