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Names in the News

ALEX RODRIGUEZ paid $9.9M for a Central Park West co-op -- after "initially being denied by the building’s board." Sources said Rodriguez "made a big fuss about it” and “begged” for the three-bedroom, five-and-a-half-bathroom unit until he got it. Another source said that the board "did not want someone with A-Rod’s 'reputation'" (N.Y. POST, 1/11).

NAMES: President of Schottenstein Real Estate Group BRIAN SCHOTTENSTEIN, whose family has been a "major contributor" to Ohio State athletics, and former OSU QB CARDALE JONES are "starting a 510c3 non-profit to bring NIL revenue to athletes through charitable endeavors." Jones’ 10 Talents firm, which "helps athletes manage their NIL opportunities," may "be the managing partner." They said that they "hope to have their non-profit operation by the OSU Spring Game in April." Schottenstein said that individual OSU fans will "be able to contribute to the NIL fund, in addition to businesses and other organizations" (Cleveland PLAIN DEALER, 1/11).

IN MEMORY: Former longtime IOC Dir General FRANCOIS CARRARD, who "helped oversee" the IOC's "reforms after the Salt Lake City bidding scandal," has died at age 83. Carrard was "one of the most influential sports lawyers in Switzerland and worldwide for more than four decades" since he "first advised the IOC on legal issues" (AP, 1/10).

SBJ Spotlight: TikTok’s threat to traditional sports media

While tech companies are consumed with finding ways to compete with TikTok, almost no one in conventional media “spends any time talking about it,” said Recode senior correspondent Peter Kafka in an Spotlight interview with SBJ’s John Ourand. “To me, that’s just an obvious disconnect.” Kafka authored a recent column headlined, “It’s TikTok’s world. Can TV live in it?” He said the main response to TikTok’s growth from traditional media execs has been to “punt and hope it’s someone else’s problem a quarter from now or two years from now.” But Kafka said that ignores the trend of conventional broadcast audiences growing older while a billion younger consumers spend most of their media time watching short video after short video. “If you’re in the business of getting anyone under the age of 30 to look at what you’re putting on a screen, you have to think about the fact that you’re probably asking them to put down TikTok and watch your thing instead,” said Kafka. “That’s a very difficult ask. … [TikTok] is insanely addictive.”

SBJ Morning Buzzcast: June 29, 2022

BioSteel makes a major move with the NHL, while the USFL looks for additional investors.

SBJ Unpacks: Thaddeus Young, NBA forward and venture capitalist

SBJ's Austin Karp posted up with NBA power forward Thaddeus Young. The 15-year veteran discussed his venture capital strategy, his investment in technology and much more.

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