Menu

Friday 3:00pm ET....Latest News....That's What Friends Are For

  • A-B Sticking With Armstrong; Other Sponsors Yet To Comment
  • Treasure Island Resort & Casino Agrees To Sponsor T'Wolves
  • MSG Sports Helps Company As A Whole Increase FY Revenues
  • Six TV Markets Shift NASCAR Off ABC Due To NFL Exhibitions

A-B Sticking With Lance Armstrong; Other Sponsors Yet To Comment

Anheuser-Bush is joining Nike as sponsors "sticking with Lance Armstrong," while Radio Shack, his most recent team sponsor, "did not have any immediate response Friday to questions about its deal with Armstrong." A-B VP/Marketing Paul Chibe said, "Our partnership with Lance remains unchanged. He has inspired millions with his athletic achievement and his commitment to helping cancer survivors and their families" (CNN.com, 8/24). Trek Bicycle Corp. said that it "was monitoring the situation." There was "no immediate comment" from sponsors Johnson Health Tech and Oakley. Energy bar maker Honey Stinger, which is co-owned by Armstrong, said that it will "continue working with him and will continue to support" the foundation (REUTERS, 8/24).

How Livestrong responds to the situation "will be of key interest" in DC. Since '10, the charity has retained Podesta Group to lobby the federal government. The nonprofit spent $50,000 on federal lobbying in '10, $150,000 in '11 and is on pace to spend $160,000 this year, financial records indicate (POLITICO.com, 8/24).

Treasure Island Resort & Casino Agrees To Sponsor T'Wolves

The T'Wolves and Treasure Island Resort & Casino on Friday announced a multiyear deal that includes the redesign and rebranding of Target Center's Club Cambria premium seating area, which now will be called the Treasure Island Resort & Casino VIP Terrace. The relaunch of the space will include six additional suites, raising capacity to 108 seats. The renovations are expected to be completed in October in time for the start of the '12-13 NBA season (T'Wolves).

Other aspects of the deal include signage on the arena exterior and interior, a promotional kiosk on the concourse and "partnering with the Wolves on various community events, including a new Basketbowl fundraising event that will be held at the casino." Cambria Holding's naming-rights deal for the premium area expired, but the company "will remain a corporate partner" and is "in talks with the Wolves about the creation of a new Cambria-branded space within Target Center as part of a major arena renovation slated to begin next year" (BIZJOURNALS.com, 8/24).

MSG Sports Helps Company As A Whole To Increased FY Revenues

Madison Square Garden Co. on Friday reported that revenues grew 8% to $1.3B in FY '12, primarily due to an increase in revenues at its MSG Sports and MSG Media segments. Operating income for Q4 was $177.5M, up 44% from the year-ago period. Net income the period ending June 30 was $106.5M, or $1.38 per diluted share, up 34%. Q4 revenues grew 42% to $332.9M due to increases in all three of the company's business segments. Operating cash flow grew 90% to $77.8M, primarily due to cash flow increases at MSG Sports (MSG).

At presstime, MSG was trading at $41.83, up 3.93% (THE DAILY).

Six TV Markets Shift NASCAR Off ABC Due To NFL Exhibitions

Six TV markets will see Saturday night's NASCAR Sprint Cup Irwin Tools Night Race at Bristol Motor Speedway "on alternate channels, due to NFL preseason games." The race will air on ABC in most markets, but it will instead be shown on ESPN instead in Buffalo, N.Y.; Quincy, Ill.; Tulsa, Okla.; and Weslaco, Texas. Detroit's WXYZ-ABC "will show the race telecast to its digital tier 2 channel and then join the race in progress" after Lions-Raiders. In Rochester, WHAM-ABC "will move the race telecast to its digital tier 2 channel" (ESPN.com, 8/23).

49ers Paint Scheme At IndyCar Race; NASCAR Tribute To Pat Summitt

Panther Racing will field a car with a 49ers-themed paint scheme in Sunday's Izod IndyCar Series GoPro Indy Grand Prix of Sonoma. The move is a "tribute by Panther Racing" to race team investor and 49ers coach Jim Harbaugh, "whose old jersey number (4) adorns the car driven by JR Hildebrand." Team Owner John Barnes, Hildebrand, the team's pit crew and select National Guard soldiers brought the car to the 49ers' Santa Clara facility on Thursday (MERCURYNEWS.com, 8/21).



NASCAR driver Trevor Bayne, who is from Tennessee, will honor former UT women's basketball coach Pat Summitt with a paint scheme during Friday night's Nationwide Series Food City 250 at Bristol Motor Speedway. The Roush Fenway Racing No. 60 Ford will feature the phrase "We Back Pat." The "Volunteer-orange car is part of a promotion to raise awareness for The Pat Summitt Foundation, which raises funds and awareness to fight Alzheimer's" (THATSRACIN.com, 8/22).

"Thunderstruck" Starring Kevin Durant Draws Lackluster Reviews

"Thunderstruck," a light comedy starring Thunder F Kevin Durant, opens Friday in theaters. The OKLAHOMAN's George Lang writes, "Nothing about 'Thunderstruck' is especially original, but Durant's appeal as a good-natured role model at the top of his game comes through even when the comedy elements are strictly junior varsity." TULSA WORLD's Michael Smith writes, "The best thing to come out of this sleepy sports movie is that Durant doesn't embarrass himself." The ST. PAUL PIONEER PRESS' Chris Hewitt writes the film is "not terrible. It's just so indistinct."

Buzzer Beaters....

The Big East Conference announced that it has selected Vivid Seats as its official secondary ticket partner. The deal was brokered by IMG College representing the conference (Big East).

A man beaten unconscious and the friend shot trying to rescue him at a Raiders-49ers preseason game in August '11 have "quietly sued the 49ers, the NFL and the Candlestick Park parking lot security company." The previously unpublicized litigation was filed in November (MERCURYNEWS.com, 8/24).

The Warriors have hired Ellen Warner as VP/Development. Previously, Warner was a partner at Sacramento-based developer David S. Taylor Interests (Warriors).

Wireless infrastructure provider Mobilitie has installed a new high-speed distributed antenna system at Tropicana Field (Mobilitie).

Paciolan on Friday announced that Boston College has renewed its partnership with the company, extending a relationship that began in '89 (Paciolan).

Lions WR Calvin Johnson appears on the cover of ESPN The Magazine's NFL preview issue (THE DAILY).

Quick Hits....

"I think it's fair to say that some that have gotten larger are now wondering if it's going to be worth it. There are complexities, especially regarding some scheduling issues, that have really caused some problems" – Big 12 Commissioner Bob Bowlsby, saying he is happy with his conference's 10-team configuration as opposed to the larger membership some leagues have adopted (K.C. STAR, 8/24).

"I've definitely put it out there that I do want to swim in college and ... I don't want people to think that's not how I feel anymore because it is" – U.S. swimmer Missy Franklin ("Today," NBC, 8/24).

Twitter Me This....

The L.A. Times' Joe Flint: "Not so fast Tennis Chanel. Court grants Comcast request for stay of FCC order."

Synergy CEO Tim Crow: "Calling it right now. When the world looks back on the Paralympics, the way GB embraced it will be seen as our greatest London 2012 legacy."

ESPN's Stuart Scott: "Maybe @lancearmstrong 1-tired of fighting 2-Dont wanna pay millions 2 fight 3- If kids believe u, so what if nobody else does."

The AP's Antonio Gonzalez: "First part of Memorial Stadium media tour was 'unexpectedly barricaded.' In other words, still under construction. Good start."

If you see a tweet we won’t want to miss, send it to us at editorial@sportsbusinessdaily.com.

Tweet Pic Of The Day....

Hurricanes VP/Marketing Doug Warf posted this image of the team's entry in "CowParade North Carolina 2012 presented by Wells Fargo." The Canes' bovine art is located at North Hills Mall in Raleigh, just a few miles from the team's PNC Arena, and Warf tweeted, "Locale means Canes players will see 'Cowniac.'" 

The Daily's Hot Reads....

The SAN JOSE MERCURY NEWS' Mark Purdy writes, "This week's America's Cup World Series on the San Francisco Bay – followed by next summer's actual America's cup – is the most extreme and precarious sports experiment on water. Ever. … The biggest change: For once, sailing is trying to expand its narrow bandwidth of followers into more of a broadband audience" (SAN JOSE MERCURY NEWS).

Also: 

See the Hot Reads section for more sports business-related links.

The Starting Five....

The most-read stories today on SportsBusinessDaily.com:

1) ESPN's Skip Bayless At It Again With Latest Comments Directed Toward Derek Jeter
2) Lance Armstrong Stripped Of Titles, But Nike Says It Will Continue Support
3) White Cancels UFC Fight Card Nine Days Before Event, Reportedly Furious With Fighter
4) Media Notes
5) NBA Kings Linked To Proposed Comcast-Spectacor Arena In Virginia Beach

Weekend Events....

FRIDAY

WTA New Haven Open CEO Mike Davies will receive his '12 Int'l Tennis HOF induction ring after a semifinal match.

SATURDAY

The Lakers, in conjunction with Time Warner Cable SportsNet and Time Warner Cable Deportes, will hold the first in a series of "Los Lakercitos Basketball Clinics" at the Boys & Girls Club of the San Fernando Valley in Pacoima, Calif.

The Reds will retire Baseball HOFer Barry Larkin's No. 11 uniform as part of the team's "11 Days of Larkin" promotion.

Daily Download....

Saturday's Colts-Redskins exhibition will mark the home preseason debut of Redskins QB Robert Griffin III. To mark the occasion, adidas is lighting up the names of football fans on a moving projection of Griffin displayed across the Newseum's 74-foot-high marble First Amendment tablet. The fans took part in an adidas Facebook promotion to be included in the effort.

Weekend Channel Surf....

FRIDAY

U.S. swimmer Ryan Lochte will appear on NBC’s “Late Night with Jimmy Fallon” at 12:35am ET.

SATURDAY

ESPN Classic and ESPN3 will simulcast live coverage of P Roger Clemens' first start for the independent Atlantic League Sugar Land Skeeters.

"WWE Saturday Morning Slam" will debut at 10:00am ET as part of the television premiere of Vortexx on The CW, a Saturday morning kids’ television block.

Daily Digit....

17 – Number of corporate logos used during the DC-area TV broadcast of last Saturday's Redskins-Bears preseason game, either framed as "this game brought to you by" or in support of specific broadcast features (WASHINGTONPOST.com, 8/23).

Notes & Quotes From This Day In SBD History….

2004
“The Olympics are great to have but it costs an awful lot of money, and you know what? We’ve got better programming than (NBC) has. They have to buy the Olympics” – Viacom co-President and co-COO Les Moonves.