NBA Lockout

NBA Lockout, Why Can’t 500 People Figure Out How to Divvy Up $4 Billion? Fan’s View

 

 

A joint audit by the NBA and the National Basketball Players Association showed that the NBA took in $3.817 billion in basketball related income in 2010-11. That was up from $3.643 billion in 2009-2010. An increase of 4.6%.

Basketball greats with NBA Championship Trophy
Wikimedia Commons

NBA Would Have Had $4 Billion to Split Among 500 People in 2011-12

If the NBA increased its basketball related income by another 4.6% in 2011-12, then the league would have had $4 billion in basketball related income to split. With the NBA lockout having already eaten away a portion of this season, the NBA will not reach that figure, and each day of the lockout deprives the owners and players of even more revenue.

There are 30 teams in the NBA, and each team can have 15 players, so their are roughly 450 NBA players. Add the 30 owners and 450 players together, throw in David Stern and his staff and Billy Hunter and his staff and you’ve got roughly 500 people.

Why can’t those 500 people figure out a way to divvy up the $4 billion in revenue the NBA would have taken in during the 2011-12 season? When the NFL locked out its players over the summer, all I heard was that the football owners and players should be able to divvy up $8 billion in revenue.

NFL was Able to Divvy Up $8 Billion Among 1,728 People Without Missing Games

There are 53 players on the 32 teams in the NFL. That’s a total of 1,696 players, plus 32 owners, or 1,728 total players and owners. So even though the NFL had twice the revenue of the NBA, if we figure by total people involved, the NFL was actually divvying up less money per player and owner. And they were able to make a deal without missing any regular season games.

Players Need a Reality Check

The minimum salary in the NBA in 2010-11 was $473,604. The average American worker made $41,674 in 2010. It would take the average worker in America over 11 years to make what the lowest salaried player in the NBA made playing basketball for one season.

The average salary in the NBA in 2010-11 was $5.15 million. It would take the average American worker over 123 years to earn what the average player in the NBA makes playing one season of basketball.

Owners Need a Realty Check

The owners claimed to have collectively lost $300 million during the 2010-11 season. Their 43% share of the $3.817 billion in revenue the league took in amounted to $1.64 billion. The players have basically already agreed to a 50-50 revenue split.

Fifty percent of $4 billion is $2 billion, or $359 million more than the owners got in revenue in 2010-11. Even though the players have basically already agreed to give back what the owners claimed to have lost, the owners what more concessions.

What Needs to Happen

The players need to tell Billy Hunter and his staff, and the owners need to tell David Stern and his staff, that they both have to go into the same room and not come out until they have figured out a way to divvy up $4 billion dollars among 500 people. Is that really so hard? Then let’s play some basketball!

I’ve been a fan of the NBA for over four decades now. Over the years I’ve enjoyed watching NBA greats like Wilt Chamberlain, Julius Erving, Magic Johnson, Larry Bird, Michael Jordan, Kobe Bryant and LeBron James.

If you don’t think basketball is still big, Shaquille O’Neal made an appearance last night, Wednesday, November 16, 2011, at a bookstore in the town next to mine. Even before Shaq’s appearance was over, the kids were showing me videos and pictures of Shaq that they and their friends had already posted on Facebook.

 

http://sports.yahoo.com/nba/news?slug=ycn-10463007

Man City records losses of more than $300 million

MANCHESTER, England (AP) — Manchester City’s losses soared to nearly 200 million pounds ($315 million) in the latest financial year amid a lavish spending spree that helped the club end a 35-year trophy drought and qualify for the lucrative Champions League for the first time.

Figures released Friday showed the northwest club had net operating losses of 160.5 million pounds ($253 million), with the figure rising to 194.9 million pounds by adding on «additional exceptional charges» of 34.4 million pounds.

They are the highest losses ever by a British club in a single year, with its staggering wage bill of 174 million surpassing that of Chelsea (172 million pounds) and Manchester United (152 million).

Bankrolled by Abu Dhabi billionaire Sheikh Mansour, City spent heavily last year on improving its squad with world-class players such as David Silva and Yaya Toure and was rewarded by winning the FA Cup – its first major piece of silverware since 1976.

Roberto Mancini’s team also finished third in the league to reach this season’s Champions League, which helped entice the likes of Argentina striker Sergio Aguero and France midfielder Samir Nasri in a further outlay of 74 million pounds in the offseason.

City leads the league by five points after 11 matches as it looks to claim a first English title in 43 years.

«The result is consistent with the guidance … that losses would peak in the 2010-11 financial year, as a result of the accelerated investment program that the club undertook between 2008 and 2011,» the club said in a statement.

In view of UEFA’s financial fair play regulations, which came into operation in July, City’s chief operating officer Graham Wallace said: «Our losses … will not be repeated on this scale in the future.»

Under those regulations, clubs face being barred from the Champions League and Europa League if they cannot break even on football-related business.

City’s overall turnover rose 22.5 percent to 153.2 million pounds and commercial revenue was up almost 50 percent to 48.5 million pounds. TV rights rose 27.4 percent to 68.8 million pounds.

In the current financial year, which started on June 1, City has began its Champions League campaign – it is second in a group that also includes Germany’s Bayern Munich and Italy’s Napoli with two matches remaining – and agreed a 10-year deal with Etihad Airlines to sponsor the club’s stadium.

It was widely reported in the British media that City will earn around 40 million pounds per year from the stadium deal. Etihad already has its name on City’s shirts.

«We should not underestimate the club’s other major achievements in terms of its continued commercial performance, groundbreaking partnership initiatives, expanding contribution to the community, and independent recognition for the quality of our facilities and match day offerings,» chairman Khaldoon al-Mubarak said.
http://sportsillustrated.cnn.com/2011/soccer/11/18/mancity.losses.ap/index.html

Fitch revises outlook on France to ‘negative’

Fitch said a «comprehensive solution to the eurozone crisis was technically and politically beyond reach»

Ratings agency Fitch has affirmed France’s top-notch AAA credit rating but has revised its outlook on the country to «negative» from «stable».

A negative outlook usually means a downgrade is possible in 12-18 months.

Fitch said the change in outlook was prompted by the heightened risk of government liabilities arising from the eurozone’s debt crisis.

The agency also said it was considering downgrading ratings for Belgium, Spain, Slovenia, Italy, Ireland and Cyprus.

«Following the EU Summit on 9-10 December, Fitch has concluded that a ‘comprehensive solution’ to the eurozone crisis is technically and politically beyond reach,» the agency said in a statement.

The six countries already had a negative outlook.

Their ratings have now been placed in «credit watch negative», which means a downgrade is possible within three months.

‘Greater risk’

The revised outlook on France comes in a week when senior French figures have criticised the economic situation in the UK, with Finance Minister Francois Baroin describing it as «very worrying».

And the French central bank chairman has suggested the UK’s credit rating should be downgraded – ahead of France.

But Fitch said: «Relative to non-euro area ‘AAA’ peers, notably the US and the UK, the risk from contingent liabilities from an intensification of the eurozone crisis is greater in light of its commitments to the European Financial Stability Facility and the European Stability Mechanism, as well as indirectly from French banks that are less strong than previously assessed as reflected in recent negative rating actions by Fitch.»

It also said that compared with other eurozone countries with a rating of AAA, it judged France to be the most exposed to a further intensification of the crisis, citing France’s larger structural budget deficit and higher government debt burden.

Another agency, Standard & Poor’s, warned earlier this month that France’s rating could suffer over the eurozone crisis.

 

http://www.bbc.co.uk/news/business-16226543

The Venture Capital Winners of 2011

 

Capitalizing on Startups

By Ari Levy

Did someone say economic slump? Not in Silicon Valley. The initial public offerings of LinkedIn (LNKD) and Groupon (GRPN) brought billion-dollar paydays* to venture capital firms New Enterprise Associates, Sequoia Capital, and Greylock Partners, while Kleiner Perkins Caufield & is expected to profit handsomely from Zynga’s IPO on Dec. 16.

For venture firms that missed out on those high fliers, plenty of money was made in vacation-rental site HomeAway (AWAY), which helped Redpoint Ventures crack the year’s top 10. Khosla Ventures was the only investor to make a splash unrelated to the Web with its majority ownership of KiOR (KIOR), a biofuel maker that is valued at over $1 billion even though the company has yet to generate a penny of revenue.

As eyes turn to next year, IPO envy mounts for Accel Partners, which could rake in more than $10 billion, thanks to a 2005 investment in a little social-networking company known at the time as Thefacebook.

 

http://images.businessweek.com/slideshows/20111215/the-venture-capital-winners-of-2011/

 

Exposition

Hey guys!!

this is the second homework, it is  about Mahou San Miguel.

Grupo Mahou-San Miguel is a Spanish brewing company , founded in Madrid in 1890 under the name of Hijos de Casimiro Mahou, fabrica de hielo y cerveza (The Sons of Casimiro Mahou, production of ice and beer ). Mahou-San Miguel is the leading brand in the Spanish beer market.

 

Mahou-San Miguel

Cv

this is my Curriculum, created for class business english

My Cv