Bruin Sports Buys Video Streaming Firm Nike's North American Profits Take Dip Titleist Owner Acushnet Files For IPO Sources: DraftKings, FanDuel In Talks For Merger WME-IMG Expanding Its Chinese Business WinView Brings In $3.4M In Funding Round Under Armour To Lose $120M In Sales Acushnet Reportedly Prepping For IPO MP & Silva Sells Controlling Stake Judge OKs Sports Authority Sales Plan
FLORIDA PANTHERS HOLDINGS RELEASES ANNUAL REPORT
Published October 15, 1997
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).