The Green Bay Packers are the only National Football League team with an ownership structure that resembles a publicly traded company. This unique setup has been in place for over a century, making the Packers stand out among the four major North American professional sports leagues. With a valuation of $6.3 billion, the Packers are
Business
When Jerry Jones purchased the Dallas Cowboys in 1989, he took over a team that was struggling financially, losing $1 million a month. Despite the empty seats and suites at Texas Stadium, Jones saw an opportunity to turn the franchise around. Fast forward 35 years, and the Cowboys are now valued at an astonishing $11
As the 36-year-old NBA standout Steph Curry starts to contemplate his future beyond his playing days, he is already looking into various ventures to keep himself busy. Not content with merely being a basketball legend, Curry has started to lay the groundwork for a transition into the world of business and team ownership. Curry’s media
As football season kicks off, the anticipation for record-breaking betting numbers is high. Projections estimate that U.S. adults will wager a staggering $35 billion this NFL season, showcasing a significant increase from last year’s $26.7 billion. With the legalization of sports betting in 38 states and Washington, D.C., the industry is thriving. States like Maine,
The year 2024 has seen a surge in restaurant bankruptcies, reflecting the broader increase in corporate bankruptcies across various sectors. While the world continues to grapple with the aftermath of the COVID-19 pandemic, the restaurant industry has faced significant challenges. Diners have been more cautious with their spending, labor costs have continued to rise, and
The airline industry, which has been severely impacted by the COVID-19 pandemic, is facing a new set of challenges. While airlines have historically been focused on expanding their fleet with new aircraft, the current financial situation has forced them to rethink their strategies. Cash-strapped low-cost carriers and deep discount airlines are now prioritizing cost-saving measures
The landscape of cannabis consumption is evolving rapidly, especially in New York City. The legalization of adult-use marijuana in the state has paved the way for a thriving market, with licensed cannabis sales surpassing $100 million last year. The luxury market is now embracing cannabis consumption, as evidenced by the presence of dispensaries on Fifth
The Food and Drug Administration recently authorized Novavax’s updated protein-based Covid vaccine for emergency use in individuals aged 12 and above. This move opens up a new competitive landscape for Covid vaccines this fall and winter, as Novavax’s vaccine gears up to combat the highly contagious omicron subvariant JN.1. Unlike Pfizer and Moderna’s mRNA shots,
Best Buy has raised its fiscal-year profit guidance after outperforming expectations for the most recent quarter. The retailer now expects adjusted earnings per share to be in the range of $6.10 to $6.35, which is an increase from the previous range of $5.75 to $6.20. This positive outlook reflects the company’s confidence in its performance
In a surprising move, Ford Motor recently announced that it will be reevaluating its diversity, equity, and inclusion (DEI) initiatives. This decision comes as part of the company’s efforts to adapt to the changing external and legal environment related to political and social issues. Ford’s decision to reassess its DEI policies has sparked a debate