Bloomberg Best features the best stories of the day from Bloomberg Radio, Bloomberg Television, and 120 countries around the world.
If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back page entertainment. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries.
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A passenger aircraft, operated by Deutsche Lufthansa AG, flies over Frankfurt Airport in Frankfurt, Germany.
Ryanair Holdings Plc is accusing German competitor Deutsche Lufthansa AG of raising false environmental concerns about so-called ghost flights to protect its bases at major airports.
Lufthansa has claimed European Union slot regulations will force it to fly 18,000 flights without passengers over the winter season, causing unnecessary carbon-dioxide emissions. While activists including Greta Thunberg appeared to sympathize, Ryanair said the German airline should sell cheaper tickets to make sure the planes aren’t empty.