1 Major Conference Is Considering Starting Games At 9 A.M.

first_img Pac-12 after brunch? League exploring games kicking off at 9 a.m. PT in 2019 https://t.co/6FPjxmhP2C— CollegeFootballTalk (@CFTalk) July 24, 2019This is certainly an unconventional approach, but with the Pac-12 kind of in a tough spot time zone wise, it might be worth a shot.Besides, what is better than waking up and having a college football game already on?On the flip-side, tailgating for a 9 a.m. kickoff would be quite rough for fans. Hey, no one said this idea was perfect. A general view of USC's football stadium.LOS ANGELES, CA – OCTOBER 02: A general view of the stadium during the game between the Washington Huskies and the USC Trojans at the Los Angeles Memorial Coliseum on October 2, 2010 in Los Angeles, California. (Photo by Stephen Dunn/Getty Images)The Pac-12 has dealt with issues regarding the kickoff times of its games in recent years, and the conference is eyeing an outside-the-box solution: 9 a.m. kickoffs.College football fans on the East Coast have complained that Pac-12 games start and end too late. Meanwhile, West Coast Pac-12 fans are tired of not being able to have any early afternoon kickoffs because of the time difference.Commissioner Larry Scott said this week the league has spoken with Fox about putting a Pac-12 game in the noon ET/9 a.m. PT slot as early as this fall.“We’ve discussed it recently. That would be new and out of the box for our conference but I’ve tried to put everything on the table. There’s a lot of frustration from fans in certain markets to the late night kicks,” Scott told NBC Sports. “I’d like to see one or tow games this season that are 12 noon (ET) kicks be Pac-12 games and see what markets might respond positively to that.”last_img read more

Canada will be smaller share of Molson Coors after US12billion deal for

Molson Coors will nearly double its size once it completes a US$12-billion purchase that secures full ownership of its U.S. beer business and gains worldwide control of the Miller brand name.Canada’s share of total Molson Coors revenue will drop to 15 per cent, from 24 per cent, while the U.S. share will grow by 20 percentage points to 64 per cent. Europe will account for 18 per cent and other markets will be three per cent.Molson Coors CEO Mark Hunter said the “game-changing” transaction to acquire full ownership of Miller Coors — a partnership with SAB Miller — will allow the company to invest more in its brands and increase consumer choice.“This is a compelling strategic and financial opportunity that catapults Molson Coors to the next level,” Hunter said during a conference call.“It creates a leading North American brewer with a unique portfolio of iconic brands. This is a rapidly evolving industry and this transaction gives us opportunity to materially strengthen our U.S. business.”The Molson Coors purchase of SABMiller’s 58 per cent stake in a U.S. joint venture, formed in 2008, is separate but related to an even bigger deal that will combine the world’s two biggest brewing companies.SABMiller has agreed to a US$107-billion takeover by industry leader Anheuser-Busch InBev, maker of Budweiser beers, and agreed to sell its share of Miller Coors to reduce regulatory concern that one company would control the U.S. market.AB InBev seals $107-billion deal to buy SABMiller, creating a drink giant that will make almost third of beer consumed worldwideMolson Coors is also buying the global rights to the Miller brand, giving the company greater access to established markets in Canada and Britain, emerging high growth markets like Panama and new countries such as Argentina.The transaction effectively reverses last year’s termination of a longstanding agreement to distribute Miller products in Canada, and also gives Molson Coors full control on how to produce, market and sell those brands. Canada is part of the US$70 million in earnings and US$200 million in annual revenues derived from the Miller international brands.In Canada, the beer market has long been dominated by Molson Coors and AB InBev, through its ownership of Labatt, although the two beer giants have increasingly been challenged by the popularity of smaller local craft brewers.In addition to the Miller brands, the deal gives Molson Coors perpetual royalty-free U.S. licences for SABMiller import and license brands including Peroni, Pilsner Urquell, fosters and Redd’s.Much of the deal’s financial contribution is tied to US$250 million in tax benefits over 15 years and at least US$200 million in annual cost savings, although analysts expect cost savings could reach US$300 million to US$400 million.Brittany Weissman of Edward Jones said the deal likely won’t change much for Canadian consumers.“Most of the way that that landscape changes is going to be behind the scenes in terms of cost savings,” she said in an interview.Molson Coors will become a stronger player to withstand further market consolidation or lead the acquisition of another brewer, she said.But John Colley, professor at Britain’s Warwick Business School, says brewers will need to beef up to spend more on advertising to compete with the big brands.“Molson Coors may not be independent for long,” Colley said in a report. read more