Bloomberg Business of Sports

Lebron's SpringHill Lost Almost $30 Million; Nike and Foot Locker Mend Fences

Join hosts Michael Barr and Damian Sassower for a look at some of the latest headlines and stories in the business of sports. Lebron James' media company, SpringHill, has never made money. Bloomberg News media and entertainment team leader Chris Palmeri joins to discuss why the basketball star's media business is on pace to lose million again this year after losing $28 million dollars in 2023. Nike and Foot Locker are mending fences and partnering together on new projects as both sportswear companies try to win back consumers. Bloomberg News reporter covering celebrity and athlete business deals Kim Bhasin details how Nike and Foot Locker's relationship frayed and what they're doing to rekindle it. And Goulston &amp; Storrs Sports Law Practice co-chair and Columbia University adjunct professor of law Marty Edel joins to discuss the legal ramifications of key issues in college athletics. See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.

Michael Barr, Scarlet Fu 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 final score.