Our destructive obsession with sports
Posted 25 January 2018 - 06:28 AM
Posted 15 January 2019 - 08:27 AM
Check Out Jerry Jones’ New, $250 Million Luxury Mega Yacht https://www.zerohedg...xury-mega-yacht
Jerry Jones, the Dallas Cowboys’ billionaire owner, purchased a 109m/357ft superyacht, named after his wife, called the Bravo Eugenia, sources confirmed to NBC 5 Sports Director Newy Scruggs.
The $250 million vessel, built last year by Netherlands-based Oceanco, can sleep 14 people and is managed by a crew of about two dozen, according to SuperYacht Times.
Jones, 76, has a net worth of about $7 billion. The Cowboys are considered one of the most valuable sports franchise in the world at $4.8 billion. Jones purchased the team in 1989 for $150 million, a 46x on the initial investment.
Posted 24 February 2019 - 09:21 AM
The NFL has, over the last decade, been rocked by lawsuits over traumatic brain injuries, allegations of player domestic violence off the field and rule changes of their own. But according to an ESPN investigation, the sport is facing a problem that could threaten its very survival - lack of insurance.
The NFL no longer has general liability insurance covering head trauma. And only one carrier is willing to cover teams for workman's comp. In short, if there's no insurance, there's no football.
It started with the resolution of the class-action suit against the NFL that was over concussions. You had thousands of former players that were accusing the league of covering up the link between football and neurodegenerative disease. The NFL settled that suit for an estimated $1 billion.
And since then, the insurance industry has been taking a look at the litigation that's been proliferating since then. And it's hitting the sport at all levels - from Pop Warner all the way up to the league. And the result has been that many of the companies have just been taking a pass. They've been getting out of the industry. So if the league was sued under its general liability policy on this issue in the future, they're on their own. They ultimately have to pay it.