Sports Business
CenturyLink Field to be Renamed Lumen Field
The name change includes the stadiums multi-purpose event center
Starting Thursday night at the Seattle Seahawks game against the Arizona Cardinals, CenturyLink Field will be known as Lumen Field, the Seahawks announced. This follows Lumen Technologys September rebrand, when the company ditched the CenturyLink name. The name change is pending approval by the Washington State Public Stadium Authority, which owns the field. The approval…
The Coronavirus Crisis Has Idled More Than 500 Freelancers at the Pac-12 Networks, a Federal Filing Shows
The freelancers remain on the active roster of the Pac-12 Conferences sports-media affiliate, with the goal of returning them to work when broadcast productions resume
The coronavirus crisis has brought a temporary halt to sports programming nationwide to the dismay of many sports enthusiasts. The pain of the programming halt extends to the Pac-12 Conference and its content-production unit, the Pac-12 Networks, which have implemented pay cuts of up to 20% for top executives as well as staff layoffs affecting…
Football Helmet-Maker Vicis Closes Its Doors, Federal Filing Indicates
The Seattle company had been struggling with cash-flow issues and was unable to attract the capital needed to remain viable, it says
The Seattle company had been struggling with cash-flow issues and was ‘unable to attract the capital needed’ to remain viable, it says
Mortenson Construction Is Building Seattle’s New Arena From the Ground Down
New Arena at Seattle Center goes down to go up
This article appears in print in the December 2019 issue. Click here for a free subscription. Even as they work to build the New Arena at Seattle Center, Mortenson Construction executives are eyeing the next big wave of stadium construction: professional soccer venues. Were looking forward to that part of the business really exploding, says…
Washington Huskies Among Most Valuable College Football Teams
But they trail the Oregon Ducks
The Washington Huskies are the 19th most valuable team in college football, according to Forbes magazine. The Huskies generated an estimated $92 million in revenue and recorded a $43 million profit between 2015 and 2017. Only two other Pac-12 teams made the top 25 list: The Oregon Ducks, which finished No. 14, and the USC…
Russell Wilson, Satya Nadella, Macklemore Take Ownership Stake in Sounders
Eleven new families join Seattle Sounders FC ownership group
Seattle Seahawks quarterback Russell Wilson and his wife, Grammy Award-winning singer and songwriter Ciara, and Microsoft CEO Satya Nadella and his wife, Anu, are among a new group of investors in Major League Soccers Seattle Sounders. They are among 11 families who have joined the teams ownership group. The amount invested wasnt released. New investors…
Seahawks’ Financial Line Is Solid as the Season Approaches
Seahawks appear financially sound as season nears
This story appears in the August 2019 issue. Click here for a free subscription. Seattle Seahawks quarterback Russell Wilsons $140 million contract extension will account for a big chunk of the teams player expenses going forward, but the club appears financially healthy. The value of the team is $2.6 billion, according to calculations by Forbes…
Virginia Mason Teams Up With Seattles New NHL Franchise
The health care system has been tapped as the hockey teams official medical provider
Virginia Mason Health System will open an outpatient medical facility at the Northgate Ice Centre, a planned state-of-the-art sports complex that will serve as the practice facility and home offices for Seattles new NHL hockey franchise. The Oak View Group, which is redeveloping the former KeyArena in preparation for the new NHL team, and Seattle…