NBA, Nike, Klutch Sports Head Time Magazine’s 100 Most Influential Companies
Tuesday, April 27, 2021 at 02:51PM NYSJ Sports-Entertainment Business News Service
April 27, 2021: Time Magazine today unveiled its first Time100 Most Influential Companies, which highlights 100 businesses making an extraordinary impact around the world.
The Time100 Most Influential Companies, an expansion of the annual Time100 franchise, features five worldwide covers, each spotlighting a CEO from a company on the list with an in-depth profile, including: Reese Witherspoon (Hello Sunshine), NBA commissioner Adam Silver, Mary Barra (General Motors), Francis deSouza (Illumina) and Sara Menker (Gro Intelligence).
In sports, the list also includes Klutch Sports Group — whose clients include LeBron James, Anthony Davis, Lonzo Ball and Ben Simmons — the English Premier League, and rivals Nike and adidas.
The inaugural list features 64 companies headquartered in the U.S., including Home Depot, Mastercard, Nike, Mattel, Twitter, Johnson & Johnson, Epic Games, Rothy's, AT&T, FedEx, Clubhouse, Airbnb, GoFundMe, Lime, Robinhood an Tesla.
There are 18 companies on the list are headquartered in Europe, including English Premier League, Equinor, Maersk, Volkswagen, Adidas, Lego, Farfetch, Stripe, Oatly and Unilever.
Pfizer, BioNTech, Moderna, Johnson & Johnson, CVS, Walgreens, and Illumina are among the companies on the list that are playing a role in COVID-19 prevention, vaccine creation and the vaccine rollout process.
Major tech companies on the Time100 list include Microsoft, Samsung, Huawei, Apple, Tencent, Nintendo, Nvidia, Taiwan Semiconductor Manufacturing Corp. and Zoom.
The entertainment industry is represented on the list including Netflix, Spotify, TikTok, HYBE and Disney.
In its profile of the NBA, Time offers, “After taking over as commissioner in 2014, Silver has presided over an unprecedented expansion of pro basketball’s business: annual revenue nearly doubled from the 2013–2014 to the 2018–2019 seasons, to north of $9 billion.
“Before the pandemic, the league projected it would hit the $10 billion mark in 2020. Instead, revenue dropped some 10% during the pandemic–stricken season. Silver received praise for overseeing the completion of the NBA’s shortened 2020 season in the Orlando 'bubble,' showing that businesses with strict testing and safety protocols can operate in the pandemic.”
Regarding Klutch Sports Group, Time writes, “In the span of a decade, Klutch Sports Group has grown from a startup with two employees into a disruptive super-agency.
Klutch now has over 70 clients across the NBA and NFL, including superstars like LeBron James and Anthony Davis, and over $1.8 billion in contracts under management.
“Most important, the agency and founder-CEO Rich Paul have helped define an era of heightened player empowerment, in which athletes have moved between teams with greater ease, by striking a series of headline-making deals — as when the agency engineered a trade that joined Davis with James in Los Angeles, delivering the 2020 title to the Lakers."
See the full list here.
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