Galaxy, AEG To Upgrade StubHub Center NBA Opens New Instant Replay Center IOC Moves Ahead With Bid Reform Breeders' Cup Signes Longines As Sponsor Braves Name Hart To Top Baseball Role One Direction Announces '15 Stadium Tour MLB Wants Domestic Violence Policy In Place By '15 WS Game 2 Overnight Projects Win For Fox McGladrey Extends PGA Tour Deal Classified Advertisements
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).