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MLS Expansion Fees Are Growing, So Why Is The League Losing Money? | Forbes

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Major League Soccer’s surging expansion fees and sales prices are not being driven by financial performance. In fact, although revenues are broadly on the rise, the league and most of its teams continue to operate at a significant loss. But MLS investors are still spending big to secure a share of the U.S. soccer market because their eyes are set on potential goldmines down the road: a new national TV deal in 2023, a stateside World Cup in 2026 and, if everything goes just right, a future American sports landscape wherein domestic soccer can hold its own against the likes of the NFL and the NBA.

But the near-term bleeding hasn’t slowed the rise of MLS team values, since owners are instead making a growth bet on the league’s—and the sport’s—future. The next benchmark for that success isn’t far away: Major League Soccer’s national TV deals with ESPN and Univision expire after the 2022 season. MLS has instructed its teams not to tie up their media rights beyond that expiration date, giving the league a chance to take its full inventory to market. The current contracts pay an average $90 million per year, and although MLS has yet to begin negotiating, the expectation echoed throughout the league is that the national rights fees will see a massive jump (they’d need to increase several-fold to get the league to break-even, assuming expenses stay level).

Read the full profile on Forbes: https://www.forbes.com/sites/chrissmith/2019/11/04/major-league-soccers-most-valuable-teams-2019-atlanta-stays-on-top-as-expansion-fees-sale-prices-surge/#453f1f0651b5

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A Physician’s Perspective On The Coronavirus Pandemic | Forbes

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Dr. David Walton, CEO, Build Health International & physician at Boston’s Brigham and Women’s hospital sits down with Alex Knapp, Forbes Senior Editor, Healthcare and Science to discuss how the Coronavirus pandemic is impacting the healthcare system.

Forbes ‘Ask The Expert’ is a 10-20 minute talk show streamed on Instagram Live every weekday at 12:00 PM EST. Forbes editors will discuss the latest issues surrounding fears, myths, challenges and opportunities our world is facing from this pandemic and offer knowledgeable solutions and commentary. There will be a variety of guests with varying areas of expertise, and our community will be given the chance to engage via Q+A towards the end of the call. In addition to Youtube, these videos will also be distributed across Forbes’ social media channels: Facebook, Twitter, and LinkedIn.

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Waffle House’s Struggles Highlight How Coronavirus Is Killing Restaurants | Forbes

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The past two weeks have been sobering for Waffle House Chairman Joe Rogers, Jr. The chain of no-frills, 24-hour breakfast spots has remained defiantly open in the face of so many disasters that the Federal Emergency Management Agency uses a Waffle House Index to measure their severity. Hurricane Hugo couldn’t shut the doors for long in Charleston in 1989. The same in Georgia when Irma crashed through two years ago. The index was solid green in Joplin, Mo. after a tornado killed 158 people there in 2011. Then came the coronavirus pandemic.

The FEMA index uses the time it takes for Waffle House locations to re-open after calamity strikes. Normally it doesn’t take long, if they even shut down. His system of 2,000 diners in 25 states is “almost comically” well positioned to mobilize in a crisis, Rogers said: It’s family owned, tightly controlled and able to shift resources and supplies from unaffected restaurants to those in need with alacrity.

This week he’s had to close 20% of locations, about 420 in all. Waffle House typically has annual revenue of more than $1.3 billion but with the country on lockdown — and only one drive-thru location and a marginal take-out business — sales are about 30% of what they should be, Rogers said. Thousands of his 40,000 workers are now furloughed.

Read the full profile on Forbes: https://www.forbes.com/sites/chloesorvino/2020/03/29/crippled-by-coronavirus-waffle-house-faces-a-harsh-reality-weve-never-seen-anything-like-this/#2293350b32c5

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Tattoo Artist Dani Egna On Staying Focused And Inspired | Unfiltered | Forbes

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This week on Unfiltered we talk to Dani Egna, CEO and founder of Inked By Dani, about how she stays inspired, her jobs before she started her business and her irrational fear.

Under 30 Unfiltered is a show where we get candid with the members of the 30 Under 30 list. We ask them about what sacrifices they’ve made, what inspires them and more generally what’s going on in their lives.

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