SBD/16/Finance

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  • ADIDAS ACQUIRES SALOMON; GETS GOLF PRESENCE WITH TAYLOR MADE

              Salomon S.A. of Annecy has sold "controlling interest"
         to adidas, which makes adidas the corporate parent of Taylor
         Made Golf, according to the SAN DIEGO UNION-TRIBUNE. 
         Salomon, which makes ski equipment and bicycle components
         "among other things," has owned Taylor Made since 1984. The
         "rumored transaction price" for the deal was $1.5B, although
         that number was "not confirmed."  Taylor Made Senior
         Marketing Manager Brian Fortini: "We are excited about it.
         It brings resources to us that permit us to pursue a number
         of strategic growth initiatives" (UNION-TRIBUNE, 9/16). 
    
    

    Print | Tags: Finance, Washington Nationals
  • FINANCE NOTES

              Rawlings Sporting Goods Co. closed its acquisition of
         USA Skate Co., the hockey subsidiary of California Pro
         Sports Inc., for $14.5M, and will assume liabilities
         totaling $2.3M (WALL STREET JOURNAL, 9/15)....Oakley Inc.
         CEO Jim Jannard advised the company he intends to purchase
         up to an additional one million shares of Oakley stock
         (Oakley)....RDV Sports is looking for a buyer for both its
         screen printing/embroidery and team sales divisions (ORLANDO
         BUSINESS JOURNAL, 9/15 issue).
    
    

    Print | Tags: Finance, Oakley, RDV Sports
  • SO YOU WANT TO OWN A SPORTS TEAM? WELL, HERE'S THE SKINNY

              In BUSINESS WEEK's "Personal Business" section, Dennis
         Berman examines the procuring of pro sports teams, and
         writes, "all told, nearly 60 smaller leagues operate in
         traditional sports such as baseball and hockey, and in
         growing niches including bicycling and roller hockey." 
         While "few teams clear an annual profit ... that doesn't
         mean ownership is always a financial dead end."  Teams in a
         "popular league" will usually appreciate in value, even if
         they're not "profitable."  BUSINESS WEEK lists the average
         price and operating cost of franchises in the CBA, National
         Lacrosse League (NLL), Professional Bicycle League (PBL) and
         the Roller Hockey League (RHL) (BUSINESS WEEK, 9/22).
     
         
    LEAGUE AVG. NEW TEAM PRICE AVG. ANNUAL OPERATING COST
    CBA
    $1M
    $1.7M
    NLL
    $250,000
    $700,000
    PBL
    $50,000
    $100,000
    RHI
    $500,000
    $700,000

    Print | Tags: Finance, National Lacrosse League
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