SBD/15/Finance

Print All
  • FLORIDA PANTHERS HOLDINGS RELEASES ANNUAL REPORT

              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).
    
    

    Print | Tags: Finance
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug