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    The Super Bowl Could Make Mint for the NFL

    An overtime classic, featuring appearances by Usher and Taylor Swift, could make this year’s Super Bowl a hugely profitable money-maker for the N.F.L.Did the Taylor Swift effect vault this year’s Super Bowl into the record books?John G Mabanglo/EPA, via ShutterstockThe N.F.L. scores bigIn many ways, the N.F.L. couldn’t have asked for a better outcome for the Super Bowl. It got a thrilling overtime victory that cemented the Kansas City Chiefs as the league’s latest dynasty; a well-reviewed halftime show by Usher; a full roster of pricey ads; and, of course, Taylor Swift in person.It was a powerful reminder of the Super Bowl’s singular perch in America’s cultural landscape, and how that can translate into billions for a juggernaut sports league.The game was a place to see and be seen. Yes, Swift arrived in time from Japan to cheer on her boyfriend, the Chiefs star Travis Kelce. And A-list celebrities like Jay-Z, Beyoncé and LeBron James were spotted at Allegiant Stadium in Las Vegas.Also in attendance were corporate moguls including Elon Musk — who touted a surge in activity on his X social network during the game — Tim Cook of Apple and the Twitter and Block co-founder Jack Dorsey, who was wearing a crypto in-joke T-shirt.The game could set a record. The broadcast, perhaps aided by an army of Swift fans, may surpass the 115 million viewers who tuned in last year, making that the most-watched show in U.S. history. (Viewership for N.F.L. games has rebounded strongly in recent years; the A.F.C. and N.F.C. championship matches on Jan. 28 accounted for nearly 39 percent of national linear TV viewing.)That would help explain why advertisers were still willing to fork over $7 million for a 30-second spot during last night’s broadcast. (More on the ads later.) “In this era of fragmentation, the Super Bowl is what television used to be,” Brad Adgate, a veteran media analyst, told The Times.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    The New N.F.L. Owners?

    As team valuations skyrocket, the league is weighing whether to relax ownership rules that prohibit investment from private equity funds.The biggest upcoming football event for many of the N.F.L. owners and business executives who will populate luxury boxes at the Super Bowl this weekend is not, perhaps surprisingly, the game. It actually won’t take place until six weeks later, in Orlando, Fla., when football executives gather for the National Football League’s annual meeting — an event that has particular significance this year.At the meeting, the league is expected to address a long-simmering question: whether to allow passive investment from private equity firms, which work with money sourced everywhere from sovereign wealth funds to pension funds to wealthy individuals.Major League Baseball, the National Basketball Association and the National Hockey League have already relaxed their ownership rules. But the N.F.L. both prohibits private equity money and has some of the strictest rules for investing, requiring general partners to buy at least a 30 percent stake in the team and limiting the use of debt to $1.2 billion. Allowing institutional investors to own teams could vault already high-flying valuations higher and change the culture of team ownership.In Florida, a committee of five team owners that includes Arthur Blank, the Atlanta Falcons owner and a founder of Home Depot, and Greg Penner, the Walmart chairman and an owner of the Denver Broncos, is likely to weigh in on the issue, according to two people familiar with the process who asked not to be named to discuss private deliberations. It is unclear whether that will immediately lead to a vote or whether the league will take time to study those recommendations. The N.F.L. declined to comment.“I don’t want to predict one way or another whether we will ultimately adopt it,” Clark Hunt, the owner of the Kansas City Chiefs, who is also on the committee, said this week. “But I do think it is an avenue that can be helpful from a capital standpoint.”Industry insiders have been whispering about the meeting and have a lot of questions. Among them:Would the N.F.L. allow sovereign investors? Soon after the N.B.A. allowed pension and sovereign funds to invest in its leagues, the Qatar Investment Authority bought a 5 percent stake in three Washington, D.C., teams. Saudi Arabia’s wealth fund, which struck a splashy (though far from certain) deal with the PGA Tour last year, has also been eyeing tennis.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Inside Trump’s Not-So-Swift Brain

    It’s easy to imagine what’s going through Donald Trump’s head right now. I can hear his interior monologue all the way from Mar-a-Lago. He’s fulminating, working himself up to another epic meltdown, like he had over Nikki Haley the night he won the New Hampshire primary. The thoughts pinballing through Trump’s cortex might be something like this:“I like Taylor Swift. I do. She’s made a career of revenge, which gets my Complete and Total Endorsement. She’s beautiful, just my type, unlike that wack job E. Jean Carroll and her sick lawyer, Roberta Kaplan.“Rachel Maddow is not getting my money for that penthouse and shopping spree E. Jean promised her on MSDNC. Rachel wears the same outfit every day anyway. Besides, I don’t have $83 million. My third-rate lawyers drained the money I siphoned from my donors. I thought everyone knew I made that up about being a billionaire.“I’ll tell you what: The idea that Taylor Swift is more popular than me is a joke. Her fans are 13 years old. They can’t even vote.“In the Rigged and Stolen election of 2020, I got the most votes of any president in history. She doesn’t have more fans than me. She doesn’t! And my fans are more committed. Swifties won’t stand in line as long as mine. They’ve never broken into the Capitol for her. Oh, what a beautiful day that was.“Now let me just tell you, I’m two for two, dominating in Iowa and New Hampshire, great, great, fantastic states, very special places. Every place we go we have tens of thousands of people outside every arena. They have to build larger arenas in this country just for me, right?“Taylor seems like a nice girl, a little too wholesome for my taste. She did a Diet Coke ad and I like Diet Coke. She even got Birdbrain to take her daughter to a concert. And sure, I have a Taylor friendship “BFF” bracelet. Who doesn’t? That neurotic dope Maureen Dowd once compared me to a 13-year-old girl. SHE DOESN’T KNOW ME!We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Taylor Swift, Travis Kelce and a MAGA Meltdown

    The fulminations surrounding the world’s biggest pop icon — and girlfriend of Chiefs tight end Travis Kelce — reached the stratosphere after Kansas City made it to the Super Bowl.For football fans eager to see a new team in the Super Bowl, the conference championship games on Sunday that sent the Kansas City Chiefs and San Francisco 49ers back to the main event of American sports culture were sorely disappointing.But one thing is new: Taylor Swift. And she is driving the movement behind Donald Trump bonkers.The fulminations surrounding the world’s biggest pop icon — and girlfriend of Travis Kelce, the Chiefs’ star tight end — reached the stratosphere after Kansas City made it to the Super Bowl for the fourth time in five years, and the first time since Ms. Swift joined the team’s entourage.The conspiracy theories coming out of the Make America Great Again contingent were already legion: that Ms. Swift is a secret agent of the Pentagon; that she is bolstering her fan base in preparation for her endorsement of President Biden’s re-election; or that she and Mr. Kelce are a contrived couple, assembled to boost the N.F.L. or Covid vaccines or Democrats or whatever.“I wonder who’s going to win the Super Bowl next month,” Vivek Ramaswamy, the conspiratorial presidential candidate, turned Trump surrogate, pondered on social media on Monday. “And I wonder if there’s a major presidential endorsement coming from an artificially culturally propped-up couple this fall.”The pro-Trump broadcaster Mike Crispi led off on Sunday by claiming that the National Football League is “rigged” in order to spread “Democrat propaganda”: “Calling it now: KC wins, goes to Super Bowl, Swift comes out at the halftime show and ‘endorses’ Joe Biden with Kelce at midfield.”Other detractors of Ms. Swift among Mr. Trump’s biggest fans include one of his lawyers, Alina Habba, one of his biggest conspiracy theorists, Jack Posobiec, and other MAGA luminaries like Laura Loomer and Charlie Kirk, who leads a pro-Trump youth organization, Turning Point USA.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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    Peru, Pelé and Grimsby: Henry Kissinger and his curious football links

    It was the final game of the second group phase. Earlier in the day, Brazil had beaten Poland 3-1, which meant Argentina had to beat Peru by four goals to make it to the 1978 World Cup final. Before kick-off, the Peru team were visited in their dressing room by Jorge Videla, the leader of the military junta that had seized power in Argentina in 1976, and Henry Kissinger, who had been the US secretary of state until the previous January. This, Peru’s players felt, was deeply odd.Kissinger, who died on Wednesday, loved football and often attended games. In 1976, for instance, after flying to Britain to discuss the crisis in Rhodesia, he went to Blundell Park for Grimsby’s win over Gillingham with the foreign secretary, Tony Crosland, a passionate Grimsby fan.Eight months later, Crosland took him to watch Chelsea draw 3-3 with Wolves in the old Second Division. Then, too, he had visited the dressing room, to widespread bewilderment.“He said he loved soccer,” the Chelsea striker Steve Finnieston said. “The players’ comments ranged from ‘All right, mate?’ to ‘Who’s that wanker?’ … Not a lot of respect was shown.”But what happened in Rosario was more sinister. “It seemed like they were there just to greet and welcome us,” said the then Peru captain, Héctor Chumpitaz. “They also said that they hoped it would be a good game because there was a great deal of anticipation among the Argentinian public. He wished us luck, and that was it.“We started looking at each other and wondering: shouldn’t they have gone to the Argentina room, not our room? What’s going on? I mean, they wished us luck? Why? It left us wondering …”Kissinger’s office said he had “no recollection” of the incident.Argentina went on to win 6-0, which raised eyebrows. There is much circumstantial evidence of a fix – unproven allegations that the Argentina government shipped 35,000 tons of grain and possibly some arms to Peru, and that the central bank released $50m of frozen Peruvian assets.Most disturbing were the allegations made by a Peruvian senator, General Ledesma, to Buenos Aires judge in 2012 that the match was rigged as part of Operation Condor, a grim plan that meant South American dictatorships tortured each other’s dissidents in which Kissinger was implicated, with Videla accepting 13 prisoners from Peru in return.“Were we pressured? Yes, we were pressured,” the midfielder José Velásquez told Channel 4. “What kind of pressure? Pressure from the government. From the government to the managers of the team, from the managers of the team to the coaches.”Perhaps that is true, but anybody watching the game in search of an obvious fix will be disappointed. Peru hit the post in the first half and their goalkeeper, Ramón Quiroga, made a string of fine saves. To an eye not looking for a fix, it seems that Peru, with nothing to play for, just wilted in the second half under the pressure of relentless Argentina attacks and a ferocious home crowd.As to Kissinger’s presence, he was an ally of Videla – “If there are things to be done, you should do them quickly,” he reportedly told him after the coup in 1976 – and he did love football.As a boy growing up in Bavaria, he had been a fan of his home-town club, Greuther Fürth, who were German champions three times between 1916 and 1929. When he became security adviser to Richard Nixon in 1969, staff would include reports on the team’s games in his briefing papers on a Monday morning.skip past newsletter promotionafter newsletter promotionHe played football as well, first as a goalkeeper and then, after breaking a bone in a hand, as an inside-forward. He devised new tactics that, in the account he gave to Brian Kilmeade in The Games Do Count, he claims were a forerunner of catenaccio, although it sounds more like just massing players behind the ball. “The system was to drive the other team nuts by not letting them score, by keeping so many people back as defenders,” he says. “It’s very hard to score when 10 players are lined up in front of goal.” That the ends were more important to him than the means comes as little surprise.Although his family’s flight to the US to escape Nazi persecution took him away from football, Kissinger continued to find it a useful tool of diplomacy, particularly with Leonid Brezhnev with whom he had a lengthy discussion about Garrincha at a summit in Moscow in 1973. It was seeing football pitches on spyplane photos in Cuba in 1969 that led him to realise Soviet troops were stationed on the island – “Cubans play baseball,” he reportedly snapped at Bob Haldeman, Nixon’s chief of staff. He helped João Havelange unseat Stanley Rous as Fifa president in 1974 and to arrange Pelé’s move to New York Cosmos a year later, both as part of a broader plan to improve relations between the US and Brazil.Havelange, though, fell out with Kissinger, seemingly over the USA’s doomed bid to host the 1986 World Cup, and accused him of having fixed the second-phase game at the 1974 World Cup when the Netherlands beat Brazil 2-0. By then, his reputation was such that wherever there were wheels within wheels, he could credibly be accused of turning them.And why, given he was one of the first senior figures to recognise the potential of the world’s sport in politics, would he not be turning them in football? More

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    At Iowa’s Biggest Game, Football and Politics Collide

    Donald J. Trump and Ron DeSantis played off each other at the Iowa-Iowa State game, where the tables appeared to turn on the former president.Two ardent rivals faced off on Saturday. Thousands of fans cheered and jeered from the sidelines. Tension and hope, celebration and outrage all around.There was also a college football game.The event itself was highly anticipated, as is normal for the Iowa-Iowa State game. But this year’s matchup also featured a bitter head-to-head clash of a political kind that started even before kickoff occurred.Former President Donald J. Trump and Gov. Ron DeSantis of Florida, the front-runners in the Republican primary, both appeared at the game: Mr. Trump, in a private suite, and Mr. DeSantis, in the stands alongside the state’s popular governor, Kim Reynolds.It was the first time the two were at the same event since the Iowa State Fair, at which Mr. Trump and his supporters taunted Mr. DeSantis, who was heckled and cursed at as he strolled the fairgrounds with his family.A month later, at Jack Trice Stadium, the roles appeared to be reversed, with Mr. Trump on the receiving end.The former president entered the game to a mix of applause and audible boos, as a plane with a banner reading “Where’s Melania?” flew overhead — a nod to the absence of his wife from the campaign trail. Some attendees gave him the middle finger from the stands while he looked on from the glass-paneled box from which he watched the game.Two people wearing inflatable costumes resembling Mr. Trump and Anthony Fauci, who managed the Covid response during the Trump administration and has been a target of Mr. DeSantis’s — took photos with game attendees.People wearing inflatable costumes resembling Mr. Trump and Anthony Fauci posed for photos with fans.Jordan Gale for The New York TimesStill, Mr. Trump is dominating Iowa in the polls, despite eschewing the town-to-town retail politicking that is tradition in the state.Before kickoff, a crowd of several hundred gathered near the loading dock where Mr. Trump was expected to enter the stadium. Another large group crowded around the suite from which he watched the game during halftime, simply hoping for a glimpse of the former president.While Iowa voted for Mr. Trump in 2020 with an eight-percentage-point margin, the state’s two major college towns — Ames, where the game took place, and Iowa City, home of the rival Iowa Hawkeyes — are quite blue.A crowd gathered to get a glimpse of Mr. Trump arriving at the game.Jordan Gale for The New York TimesThe attacks came out early, before either candidate arrived at the game. Mr. DeSantis’s super PAC, Never Back Down, released a new online ad ahead of the game — which was devised to reach digital devices in the area around the stadium — criticizing the former president’s previous support for transgender women competing in the Miss America pageant as “insanity.” Ripped-up DeSantis posters were strewn across the grounds outside the stadium.Ahead of the game, Mr. DeSantis appeared for roughly 15 minutes at a tailgate for the Iowa State wrestling team, where Cyclones fans played cornhole and sipped beer from red and gold koozies.Asked by a reporter about Mr. Trump, who is leading him by double digits in the state, Mr. DeSantis made a glancing reference to the former president’s four criminal indictments, saying that “Iowans don’t want the campaign to be about the past or to be about the candidates’ issues.” Instead, he continued, “They want it to be about their future and the future of this country. And that’s what I represent.”At the game, Gov. Ron DeSantis of Florida appeared in the stands alongside the state’s popular governor, Kim Reynolds.Jeffrey Becker/USA Today Sports,via ReutersBut even voters who are strongly considering supporting Mr. DeSantis questioned whether he could beat Mr. Trump.“How do you overcome this deficit?” said Richard Abrams, 38, a middle school teacher from Iowa City. “How do you persuade these Trump voters to come to your side? You’ve got to win some of those people over.”Mr. Trump and Mr. DeSantis weren’t the only candidates who vied for attention at the game. Vivek Ramaswamy, the political newcomer who has surged in the polls in recent weeks, strolled through the tailgate after several earlier appearances in the state. He garnered some attention, taking a quick shot of water from a “shot ski,” a ski to which shot glasses were attached, and shaking hands as he went. But he didn’t stay for the game, instead trying to jet off to a town hall in New Hampshire that was canceled after his plane was grounded “due to inclement weather.”Vivek Ramaswamy posed for photos with attendees at a tailgate.Jordan Gale for The New York TimesAsa Hutchinson, the former Arkansas governor running on a stridently anti-Trump platform, also appeared briefly at the tailgate. In remarks to reporters, he attacked Mr. Trump’s character and took a swipe at Mr. DeSantis, who allied himself closely with the former president while running for governor in 2018.“Donald Trump’s not going to speak the truth in this election,” said Mr. Hutchinson, who is barely making an impression in the polls. “But America needs to move in a different direction, and we don’t need a ‘Trump-lite,’ either.”Few tailgaters seemed to notice his presence.Asa Hutchinson speaking with reporters at the tailgate.Jordan Gale for The New York TimesThe day was almost a game within a game. The heckling, the fly-over and the anti-Trump ads were reminiscent of the Iowa State Fair in August, when Mr. DeSantis faced taunting from the Trump campaign and its supporters, including with a plane flying a banner that read: “Be likable, Ron!” At a sprint car race later that day, a crowd of 25,000 greeted Mr. DeSantis’s appearance with a chorus of boos.But many in attendance at the Iowa standoff — despite the candidates’ crowds and the hubbub around their arrivals — were far more interested in the rivalry on the field than the one off it.The game itself was highly anticipated, as is normal for the Iowa-Iowa State game.Charlie Neibergall/Associated Press“I just don’t think that the focus should be on them because it’s a rivalry between colleges,” said Melanie Frueh, from St. Charles. “Granted, there’s a lot of people out there, but I just don’t see that there’s that much importance to come here and try to make a name for themselves when people are having fun in this in this context.”Still, the game itself may not have maintained its level of appeal. The score sat at 14-3 at halftime, in favor of the Hawkeyes, who went on to win, 20-13. Scores of crowd members left with half the game still to go. More

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    Why Don’t Football Fans and Arab Sheikhs Love Each Other?

    The Fair Observer website uses digital cookies so it can collect statistics on how many visitors come to the site, what content is viewed and for how long, and the general location of the computer network of the visitor. These statistics are collected and processed using the Google Analytics service. Fair Observer uses these aggregate statistics from website visits to help improve the content of the website and to provide regular reports to our current and future donors and funding organizations. The type of digital cookie information collected during your visit and any derived data cannot be used or combined with other information to personally identify you. Fair Observer does not use personal data collected from its website for advertising purposes or to market to you.As a convenience to you, Fair Observer provides buttons that link to popular social media sites, called social sharing buttons, to help you share Fair Observer content and your comments and opinions about it on these social media sites. These social sharing buttons are provided by and are part of these social media sites. They may collect and use personal data as described in their respective policies. Fair Observer does not receive personal data from your use of these social sharing buttons. It is not necessary that you use these buttons to read Fair Observer content or to share on social media. More

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    What Jerick McKinnon’s Super Bowl Can Teach Us about Economics

    From an economic perspective, the most interesting play of Super Bowl LVII was near the end of the game, when the Kansas City Chiefs running back Jerick McKinnon sprinted toward the end zone but slid to a stop inches short of scoring a touchdown, like Moses not entering the Promised Land or me rejecting a slice of chocolate cake.If you watch the replay, you can see Philadelphia Eagles cornerback James Bradberry IV chasing McKinnon but … not very hard, like a dad playing touch football with a 6-year-old. Instead of trying to shove McKinnon out of bounds, Bradberry has his arms by his sides.What makes this economically interesting is that it’s an example of incentive incompatibility, a problem that crops up in many other realms. The Chiefs wanted to run down the clock to keep the Eagles offense off the field as long as possible. The Eagles wanted the Chiefs to score quickly so they could get the ball back, score a touchdown of their own and send the game into overtime. So the ordinary incentives of the offense and defense were reversed. It became a pantomime. Imagine if you had to watch a whole game like that. The fans would be streaming out of the stadium.Incompatibility of incentives is usually caused by a flaw in the rules of the contest, whether it be an election or a bankruptcy proceeding. It’s not always easy to fix the rules to prevent strategic behavior. That Super Bowl play is a good example. What rule change could have induced the Chiefs and Eagles to try their hardest on the play? I can’t think of one.Sports are designed to be zero-sum games, in which one side’s gain is another’s loss. For example, you don’t see boxers trying to work out a win-win agreement before the opening bell. Yet there are many times in sports when the rules inadvertently make it possible for competitors to win by losing or tying. In some leagues, unsuccessful teams have an incentive to lose because the teams with the worst records get first picks in the next player draft. (Although that ignoble strategy doesn’t always work.)British soccer fans are still arguing over a 1977 match between Bristol City and Coventry City in which the two sides found out during the second half that a mutual rival, Sunderland, had lost its match, which meant they could both avoid being relegated to a lower division if they remained tied. What had been a hard-fought match became a silly passing drill. Incentives for such strategic play are surprisingly common in European playoffs, according to several recent papers. A 2022 article in The European Journal of Operational Research showed that the design of the European qualifying rounds for the 2022 FIFA World Cup made the playoffs vulnerable to “tanking” — deliberately losing — by teams in certain circumstances. The paper proposed a way to minimize the risk.This wouldn’t matter much if it were confined to sports. But what about elections? Last year, Democrats helped some far-right candidates in Republican primary contests, betting correctly that more extreme candidates would lose in the general elections. They’re doing the same thing now for a State Senate seat in Wisconsin, The Times reported Tuesday. To me, the Democrats’ gambit seems both unsporting and dangerous. A study of German elections in 2012 found that almost a third of voters abandoned their preferred candidate if that person was not in serious contention.There are voting systems that minimize strategic voting, giving people an incentive to vote for the candidate they really want. But the economist Kenneth Arrow proved in his impossibility theorem that when there are more than two choices, there is no procedure that consistently orders collective preferences and satisfies reasonable assumptions about people’s autonomy and preferences.I’ll close with an example straight from economics: auctions. In an auction in which bids ascend and everyone sees them, it’s possible to lose by winning and win by losing. As the bidding rises and other people drop out, you may start to wonder if they know more than you do about the value of what’s up for auction. If you win an item, maybe it’s because you overpaid — making you a loser. Realizing that risk, some people will drop out early, so the thing being sold might actually go for less than it’s worth, to someone who doesn’t value it as highly as others. A good solution is a second-price, sealed-bid auction. You bid what you think the thing is truly worth, but if you win, you pay only the second-highest bid. Because there’s less risk of winner’s curse, the object will tend to go to the person who values it the most, usually for close to the amount that person values it at.Elsewhere: Why Rising Rates Hurt Tech StocksThe big tech companies don’t do a lot of borrowing, by and large, but rising interest rates are crushing their stock prices nevertheless. That’s because tech stocks’ prices are pumped up by expectations that profits will grow for years to come. They usually pay only small dividends, if any. When interest rates were low, investors were willing to pay a lot for that distant payoff. But when rates rise, Treasury bonds and other safe, long-term, interest-bearing investments start to look like a more attractive alternative.Quote of the Day“The Nazi agitator whom, many years ago, I heard proclaim to a wildly cheering peasants’ meeting: ‘We don’t want lower bread prices, we don’t want higher bread prices, we don’t want unchanged bread prices — we want National-Socialist bread prices,’ came nearer explaining fascism than anybody I have heard since.”— Peter Drucker, “The End of Economic Man: The Origins of Totalitarianism” (1939)Have feedback? Send a note to coy-newsletter@nytimes.com. More