The Green Bay Packers, worth $6.3 billion, stand out as the only publicly owned team in the entire National Football League. Unlike other franchises, which are typically owned by wealthy individuals or families, the Packers are owned entirely by stockholders. This unique ownership structure was established over a century ago and has remained unchanged throughout
Business
The world of professional football is not just about touchdowns and tackles, but also about big business. CNBC’s Official NFL Team Valuations provide a unique look into the financial side of the sport, ranking teams based on their overall franchise value. Factors Driving Team Values Various factors contribute to the increase in NFL team values.
Steph Curry, a four-time NBA Champion, is already looking ahead to life after basketball. In a recent interview with CNBC’s “Squawk on the Street,” the 10-time NBA All-Star discussed his future plans, which include his various businesses and aspirations for the post-playing career phase. Curry, who is 36 years old, has delved into entrepreneurship with
In the United States, sports betting is booming with the return of football season. Industry experts project that U.S. adults will wager a staggering $35 billion on NFL games this season, representing a significant increase from last year. This surge in betting activity can be attributed to the legalization of sports betting in various states,
Ulta Beauty faced a major setback in the second quarter of the year, causing its shares to plummet by 7% in extended trading. The company not only failed to meet second-quarter expectations but also had to revise its full-year guidance due to a decline in same-store sales. This disappointing performance marks the first earnings per
The restaurant industry has taken a significant hit as bankruptcy filings have been on the rise in 2024. This surge comes as a result of a myriad of challenges that restaurants are facing. Diners are becoming increasingly cautious with their spending as the effects of the pandemic still linger. In addition to this, labor costs
With the legalization of adult-use marijuana in New York state, the cannabis market has seen a significant shift towards luxury consumption. One of the most iconic retail streets in the world, Fifth Avenue, now boasts a new dispensary where shoppers can purchase high-end marijuana products alongside jewelry and designer clothing. This development is a clear
In the wake of the COVID-19 pandemic, airlines that once aggressively pursued new jets are now changing their strategies. Cash-strapped low-cost carriers and discounter airlines are reevaluating their spending plans to save money and enhance profitability. One of the primary catalysts for this shift is the surge in engine repairs, which has had a significant
The Food and Drug Administration recently gave the green light to Novavax’s updated protein-based Covid vaccine for emergency use in individuals aged 12 and older. This decision marks a significant milestone in the ongoing battle against the virus and sets the stage for Novavax to compete with established players like Pfizer and Moderna in the
General Motors has recently made the decision to integrate its all-electric BrightDrop commercial vans into the Chevrolet brand. This move is aimed at boosting sales, improving accessibility, and increasing recognition of these electric vehicles. By incorporating the BrightDrop vans into Chevrolet’s extensive network of dealerships across North America, GM hopes to make these vehicles more