Business of Sport: Don’t do it, Bill … there’s a better way

American billionaire Bill Foley. (Image: Getty)

Fri, 24 Nov 2023

A recent Business of Sport column mused about the prospect of American billionaire Bill Foley becoming a wildcard player in the great national stadium debate of Eden Park versus the Auckland waterfront.That was based on the fact Foley helped bankroll the stadium his Las Vegas-based National Hockey League (NHL) franchise, Stanley Cup champions the Vegas Golden Knights, play out of.Frankly, I was spit-balling, so it was intriguing to see Foley this week express his desire to see his latest sporting acquisition, the Auckland A-League football...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Primary Sector

Why NZ's US tariff rates could rise on a whim

NZ's trade surplus with the US is likely to go up. Donald Trump won't like that.

Greg Hurrell 5:00am

Technology

The AI 'canary' in the consulting coal mine

Audit and advisory firms are largely keeping quiet about their AI safeguards.

Dileepa Fonseka 5:00am

The AI 'canary' in the consulting coal mine

Policy

LNG imports: Watts open-minded on scale

Energy sector analysts fear a "small, cheap" option will push up the LNG price NZ pays.

Pattrick Smellie 5:00am

Sponsored

Why New Zealand organisations need to rethink their cloud strategy

New Zealand organisations have embraced cloud computing over the past decade, but many are now confronting a sobering reality: adoption alone isn’t enough. According to Datacom’s 2025 Cloud & Infrastructure Report, only half of New Zealand businesses say they’ve realised the benefits they expected from cloud – despite significant investment.

Datacom

Sponsored