Sports Business Rundown: Mizzou Pockets $20.7 Million Of Record SEC Purse

Photo Courtesy of The Maneater
In its first year in the Southeastern Conference, the University of Missouri will get a share of the largest revenue pool in league history. | Photo courtesy of The Maneater” credit=” 

The Southeastern Conference will distribute $20.7 million to the University of Missouri and the league’s other 13 member schools under its revenue sharing plan for the 2012-13 fiscal year. The $289.4 million to be doled out by the SEC is the highest total in league history. The pot includes money generated by the SEC’s football and basketball television contracts, bowl games, football and basketball conference championships and NCAA Championships.

In the Big 12, Missouri received $9 million in 2010 and about $13 million in 2011, the St. Louis Post-Dispatch reports. The university did not receive any revenue from the conference in 2012.

Report: SEC Men’s Basketball Tournament bound for St. Louis in 2017

The Southeastern Conference men’s basketball tournament is expected to be held in St. Louis in 2017, sources told ESPN.  The tournament would be held at the Scottrade Center, the St. Louis Blues home arena. Missouri’s move to the SEC last season was the key factor in the decision, sources told ESPN.

The $4.1 million Kansas City soccer facility completed in 2007 will get an upgrade soon. | Photo courtesy of Creative Commons
The $4.1 million Kansas City soccer facility completed in 2007 will get an upgrade soon. | Photo courtesy of Creative Commons” credit=” 

Kansas City approves Swope Village soccer expansion

The Kansas City Council approved a $13.4 million expansion to the Swope Park soccer complex. Backers of the project include Sporting Kansas City, which built the current complex for $4.1 million in 2007. Construction will begin immediately on the project, which features a six-field addition, improvements to three current fields, and upgrades to restrooms, concessions, lighting, bleachers and parking. The project’s backers say the upgraded facility will provide more opportunities to hold major soccer events and serve as a boon to youth soccer in the city.

Senior PGA Championship sets corporate sales records at Bellerive

The 74th Senior PGA Championship, played last weekend at Bellerive Country Club in St. Louis, set an all-time record for the tournament in corporate hospitality sales. Sales reached $3.6 million, breaking the event’s previous record of $3.5 million. Bellerive C.C. will host the 100th PGA Championship in 2018, but the course will be feature changes from a redesign project. Architect Reed Jones will make adjustments to holes 3, 8, 11 and 17.

Showings begin for Stan Musial’s home

The home of the late St. Louis Cardinals great Stan Musial was put on the market last week, and showings for the $1.7 million house began Wednesday. The 5,286-square-foot house is accompanied by a three-acre property and was listed by Laura McCarthy Real Estate.  The St. Louis Business Journal recently ran a photo slideshow of Musial’s estate.

Country Club in St. Louis among 11 U.S. Open qualifying locations

Old Warson Country Club in St. Louis was picked as one of 11 sites to host the U.S. Open Sectional Qualifying tournament June 3.  More than 1,000 players of both amateur and professional status will compete in tournaments for 70 spots.

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