Bloomberg Business of Sports

Michael Barr, Vanessa Perdomo and Damian Sassower follow the money in the world of sports, taking listeners inside decisions that power the multibillion dollar industry. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back-page entertainment. The show explains the money behind the games.

  1. 4D AGO

    Mexico's Cartel Raid Spooks Visitors Ahead of World Cup; Hockey's Olympic Springboard

    Join hosts Michael Barr and Vanessa Perdomo for a look at some of the latest headlines and stories in the business of sports. Despite assurances from President Claudia Sheinbaum and her security minister this week that Mexico was returning to normal after a weekend of cartel violence, many vacationers to Puerto Vallarta and other cities still faced canceled flights and shelter-in-place warnings. The travel disruptions began Sunday as criminal groups set up blockades, burned vehicles and attacked businesses in retaliation for the capture and killing of Nemesio Oseguera Cervantes, Mexico’s most wanted drug kingpin. Foreign governments including Canada and the US issued travel advisories and shelter-in-place recommendations for citizens traveling in the country, and dozens of flights were canceled to parts of Mexico.  On this episode, hear from: Bloomberg's Gonzalo Soto from our bureau in Mexico City on how Mexico is seeking to calm fears ahead of hosting FIFA World Cup games Nicole McCormack, senior vice president and general manager of brand solutions at TeamSnap on the growth of youth sports and the spike in interest I draws following global events like the Olympics Alex Silverman, reporter at Sports Business Journal on the momentum winning gold for both the men's and women's US hockey teams could mean for professional hocket in the US See omnystudio.com/listener for privacy information.

    39 min
  2. FEB 13

    Super Bowl Gives Prediction Bets Record Trading Day; Charlotte Hornets' Shelly Cayette-Weston

    Join hosts Michael Barr and Vanessa Perdomo for a look at some of the latest headlines and stories in the business of sports.Kalshi said it registered over $1 billion in trades related to the Super Bowl, a record surge that underscored the threat that booming prediction markets pose to traditional gambling companies.The New York-based startup hosted $871 million in trading on Sunday alone, topping its previous busiest single day by 60%, according to estimates by Bank of America.Along with Polymarket, Kalshi’s main rival, the two leading exchanges saw nearly $1.2 billion in total trading in Sunday, Piper Sandler analysts said in a Tuesday note to clients. That brought the total for last week to $4.8 billion, a 12% increase from the previous week.The Bank of America team said that along with the Seattle Seahawks, who soundly defeated the New England Patriots, Kalshi was the day’s big winner. On this episode, hear from: Bloomberg News Cross-Asset reporter Denitsa Tskeova on the big day for prediction markets during the Big Game Shelly Cayette-Weston, the President of Business Operations for Hornets Sports & Entertainment on her team's stable of young stars and bright future heading into the NBA season's second half Mike Carney, the CEO of OnDeck Partners, to discuss his firm's recent purchase of two minor league baseball clubs See omnystudio.com/listener for privacy information.

    39 min

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About

Michael Barr, Vanessa Perdomo and Damian Sassower follow the money in the world of sports, taking listeners inside decisions that power the multibillion dollar industry. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back-page entertainment. The show explains the money behind the games.

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