ICYMI – Top Stories from the week of Nov 26 – Dec 2, 2017

Canadian Sports Business News

In this new weekly segment, we’re curating the top stories in Canadian Sports Business from the week that was.

$1.7-million gift will help U of T become a player in sports management

The gift from U of T Alumni Tenniel Chu is the largest gift from an individual to U of T Scarborough’s department of management Full Story

The Senators are not for sale — period — says club’s president and CEO

Last year Forbes valued the Sens at $355 Million. A big driver of value for the team is talks of a new downtown arena. So even if the team isn’t really for sale, it would be wise for a potential buyer to have clarity on the new arena before signing a cheque. Full Story

Winnipeg pro sports clubs to collect $16.3M in public assistance in 2018

Winnipeg’s professional sports clubs are in line for about $16.3 million of government assistance next year, thanks to a combination of gaming revenue as well as tax breaks, tax refunds and tax exemptions. Full Story

Canada’s new minister of sport pushes for Calgary Olympic bid

I know an Olympic bid, deep in my heart, would be something that would be extraordinary,” Hehr said in an interview with CBC Sports. Full Story

Alberta banning ticket scalping bots in new consumer protection bill

Under the proposed Alberta law, ticket sellers would have to perform “due diligence” to block bots on their websites, and cancel any tickets snapped up through the software. Full Story

St. John’s Edge hoping to sell out franchise’s first home game

There has been lots of speculation about whether Newfoundland and Labrador is ready to welcome a professional basketball team. Full Story

St. Catharines council throws support behind bid on the Brier

Speaking as a member of the bid committee, Doug Geddie said they anticipate it would have an economic impact of $12 to $15 million as well as once again shining a spotlight on the city. Full Story

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