ESPN's Jed Drake Talks World Cup Prep Miami (Ohio)Trustees OK $13M Facility Sporting Park Enjoys Banner Year SEC Network Launch Campaign Previewed Cobb County Getting Road Improvements More Big Free-Agent Deals In MLB Sources: Fox Keeps UEFA Champions League Sports World Pays Tribute To Mandela Classified Advertisements Financial Boon In Store For Arizona State?
FL Panthers Holdings Chair Wayne Huizenga and other investors "have filed to register 18 million shares of stock in the company," according to Cindy Krischer Goodman of the MIAMI HERALD. The registration permits Huizenga and friends "to sell the shares on the open market at any time." Huizenga spokesperson Stan Smith said that Huizenga has "no immediate plans to sell the stock." Huizenga controls 6 million of the 18 million shares. The company reported a net loss of $10M for the year ended in June, compared with a net loss of $25M in '96. The team recorded an increase in ticket revenue of $13.7M and a $1.4M increase in TV and radio advertising. Costs rose $18.7M, "mostly" due to player salaries (MIAMI HERALD, 10/15).