Business of Basketball

11 Jan

cp3dwightLast season was a rousing success for the National Basketball Association. The league’s two marquee teams, the Boston Celtics and Los Angeles Lakers, met in the finals, and television ratings soared 51% over the prior year. The league’s two biggest stars, Kobe Bryant and LeBron James, were on winning teams and getting a lot of prime-time exposure, wowing fans and sponsors.

League-wide revenues hit a record $3.8 billion during the 2007-08 season, 6% more than the prior campaign, and the average team posted a profit (in the sense of earnings before interest, taxes, depreciation and amortization) of $10.6 million, the highest amount since Forbes began tracking NBA finances 10 years ago.

i don’t need anymore inspiration for what i do, but if i did… this would be it! And yeah, the business side of basketball from hmb is coming too… the blog and the magazine is just the platform! please please stay tuned, or turn me off lol!

check out the rest of the article

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One Response to “Business of Basketball”

  1. tanya January 13, 2009 at 6:46 am #

    wow crazy money making statistics..definitely inspiration for you ball player types 😉 stay on that grind and the sky is the limit!

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