NKE - Sports Shorts
2024-05-03 09:53:54 ET
DENVER, Colo., May 03, 2024 ( 247marketnews.com )- FuboTV Inc. (NYSE: FUBO ), Brera Holdings (NASDAQ: BREA ) , Madison Square Garden (NYSE: MSGS ), Manchester United plc (NYSE: MANU ), and NIKE, Inc. (NYSE: NKE ).
FuboTV Inc. (NYSE: FUBO ) exceeded expectations, as Fubo delivered 1.511 million paid North American subscribers, up 18% year-over-year, and $394 million in total revenue, a 24% YoY increase
“Fubo’s first quarter 2024 performance builds upon the strong momentum achieved in the prior year, with double digit paid subscribers, total revenue and ad revenue growth in North America,” commented Fubo co-founder and CEO, David Gandler. “Our results further underscore continued solid execution on our long-term strategy. We continue to operate efficiently and effectively as we execute on our mission to delight consumers with an aggregated sports entertainment offering delivered through a personalized and intuitive streaming experience.
Brera Holdings (NASDAQ: BREA ) unveiled the schedule for next weekend’s FENIX Torphy Final Four, today, but the real buzz centers around European media reports stating that the Company is actively negotiating to purchase an Italian professional football (soccer) club.
TuttoB reported that the owner of Calicio Lecco 1912 were in negotiations to sell the club , BSO Sport stated that a Nasdaq listed company wants to buy Brescia for $20 million , and Pianeta Seiri B news site reported that Brera Holdings presented Cellino an offer to buy Brescia Calico Club for around $20-25 million euros .
Brescia Calcio played in Serie A as recently as the 2018-2019 season, so, with new partners, and additional funding, they could easily give Brera Holdings a shot at making a big run in Italian soccer, as investment banking giants, like Goldman Sachs (NYSE:GS) and JPMorgan Chase (NYSE:JPM), which announced forming new sports investment banking teams, are getting more deeply involved in this space.
Science Direct’s Sports Economics Review stated the rewards for a promoted second tier side have lasting impacts and estimated to add $238-$280 million in value over the next 7 years . Similar negative results follow the unlucky relegation teams.
Madison Square Garden’s (NYSE: MSGS ) fiscal third quarter, ended March 31, 2024, financial results and the Company reported an increasing in average per-game paid attendance, average ticket prices, ancillary per-capita spending for the New York Knicks and the New York Rangers.
James L. Dolan, CEO of Madison Square Garden Sports, said, “Our third quarter results reflect solid operating performance across our business, driven by ongoing enthusiasm for the Knicks and Rangers, as both teams concluded successful regular seasons and qualified for the playoffs. As we look ahead, we remain confident that we are well positioned to generate long-term value for our shareholders.”
Manchester United plc (NYSE: MANU ) made two more executive leadership changes, as Patrick Stewart, interim Chief Executive Officer, will be replaced as CEO by Jean-Claude Blanc until the arrival of Omar Berrada on July 13 th , and Cliff Baty, Chief Financial Officer, will be replaced as CFO by Roger Bell.
Sir Jim Ratcliffe, who recently invested over $1 billion into the club, commented: “I would like to personally thank Patrick and Cliff for their support in helping us get to know the club and making us feel welcome and I respect their decisions to now move on as we establish a new management team for the club.”
NIKE, Inc. (NYSE: NKE ) stated that its Board of Directors declared a 37-cents per share quarterly cash dividend payable on July 1, 2024, to shareholders of record at the close of business June 3, 2024.
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