ScoreBig Providing Order Sources Amid Financial Woes Nike Shows Jump In Quarterly Sales Gametime Adds $20M Round Of VC Financing Drone Racing League Closes On $12M Financing Sources: MSG Laid Off 60-70 Employees Dick's Sporting Goods Hesitant To Move Into N.Y. DraftKings Secures $153M In Latest VC Round Adidas Chair Hainer Talks Upcoming Retirement Bryant Hopes Appeal In Asia Helps New Fund BAM Tech Buys Stake In Silver Chalice
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).