Dec 13, 2019

Former NBA commissioner David Stern suffers brain hemorrhage

Former NBA commissioner David Stern. Photo: Adam Jeffery/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images

Former NBA commissioner David Stern, 77, received emergency surgery Thursday after suffering from a "sudden brain hemorrhage," the Washington Post reports.

The big picture: Stern led the NBA for 30 years and transformed the league into one of the most profitable sports operations in the world. Since leaving the NBA, Stern has been involved in efforts to use new technology, like virtual reality, to change fans' sports consumption.

Go deeper: NBA ratings are down, but fans are still engaged

Go deeper

Former NBA commissioner David Stern dies at 77

Photo: Grant Lamos IV/Getty Images for AWXII

Former NBA commissioner David Stern, 77, died Wednesday, weeks after suffering a sudden brain hemorrhage, the league announced.

The big picture, via Axios' Rashaan Ayesh: Stern led the NBA for 30 years and transformed the league into one of the most profitable sports operations in the world. Since leaving the NBA, Stern has been involved in efforts to use new technology, like virtual reality, to change fans' sports consumption.

Go deeper: The NBA sets its sights on Africa

The NBA sets its sights on Africa

Illustration: Eniola Odetunde/Axios

The NBA has spent the last 25 years importing a surge of international talent — now it hopes to benefit by exporting the brand those global stars have helped build.

Why it matters: The NBA's attempt at operating a league outside of North America (they hoped to do something similar in China, but it failed) is part of a long-term plan to make the NBA synonymous with competitive basketball around the world.

Go deeperArrowDec 28, 2019 - Sports

Stadiums are the new department stores

Illustration: Aïda Amer/Axios

Professional sports stadiums and arenas used to be built as standalone venues (think: in the middle of a parking lot). But in a push to expand beyond game day, teams are increasingly building them as anchors for larger real estate projects.

Why it matters: As the areas surrounding modern stadiums evolve from a handful of restaurants, bars and shops into entire "districts" with things like condos, hotels, offices, event spaces and fitness centers, sports teams have unlocked a new revenue stream: land.

Go deeperArrowJan 7, 2020