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November 18, 2022

Beer is off the Menu at the World Cup

We are two days away from the kickoff of the 2022 World Cup. Fans from around the globe will gather in Qatar, but may be disappointed to discover that they will not be able to wet their whistles while taking in the matches. FIFA confirmed the prohibition of beer sales. “Following discussions between host country authorities and FIFA, a decision has been made to focus the sale of alcoholic beverages on the FIFA Fan Festival, other fan destinations and licensed venues, removing sales points of beer from Qatar’s FIFA World Cup 2022 stadium perimeters,” the international soccer outfit said in a statement. It is yet unclear how this will impact the World Cup’s $75 million sponsorship from Anheuser Busch.

Click here to read more from Boardroom’s Vinciane Ngomsi.


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Twitter in Disarray as Hundreds Resign in Wake of Ultimatum

On Wednesday, Elon Musk issued an ultimatum to his employees, which required them to commit to long hours and “hardcore” work conditions. By 5:00 pm on Thursday, hundreds accepted the three month severance and announced their intention to leave the company. The social media platform was left in disarray. Many are beginning to question its sustainability in the wake of the immense shakeup that has followed Musk’s takeover.

Liberty Media Spins off Atlanta Braves as Distinct Entity

The Atlanta Braves are now a publicly traded company. Liberty Media announced on Thursday that we’ll soon be able to buy stock in the 2021 World Series champions directly. Liberty Media’s portfolio also includes SiriusXM and Formula 1, A new entity, Atlanta Braves Holdings Inc., will exist as its own publicly traded company separate from Liberty Media.

Boardroom’s Sam Dunn has all the details on the move.

Ticketmaster Concedes Defeat, Cancels Taylor Swift “Eras Tour” General Sale

Ticketmaster continues to unpack the overwhelming demand of the Swifties. The ticketing giant announced on Thursday that it will not host a general sale for the singer’s upcoming tour after the overwhelming demand for pre-sale tickets cleared out the supply. Live Nation’s chairman Greg Maffei apologized for the debacle. He noted that with 14 million fans logging on, Swift could have sold out 900 stadium shows. 

Wimbledon Relaxes Archaic Fashion Requirement for Women

We are just over six months out from the return of Centre Court, but Wimbledon officials are already preparing for the 2023 tournament. Starting next year, women will no longer be required to wear exclusively white kits, following a long campaign. The new rule does not allow for a full overhaul of the attire. However, it will allow women to wear dark or colored undershorts, so long as they are “no longer than their shorts or skirt.” The move is the result of an extended campaign to make female athletes more comfortable should they have their periods during their grand slam.

CAA Tops Sports Agency List with $14B Athlete Portfolio

CAA continues its reign as the supreme agency in sports. The LA-based agency topped Forbes’ list of most valuable sports agencies. It maintained the top spot, which it has held since 2013. Its portfolio includes over 2,900 athletes and $14 billion in player contracts and an additional $3.8 billion in non-player contracts. Wasserman, WME, Excel Sports Management, and Octagon round out the top five.

Aaron Judge Historic HR Ball Headed for Auction

Aaron Judge locked in the AL MVP last night after his record-setting season. Now, the fan that caught his historic 62nd home run ball will take it to auction. Corey Youmans caught the ball at Yankee Stadium and revealed in an interview that he received offers of over $3 million for the coveted collectible.