Silver Wants All-Star Game In Charlotte Soccer, Boxing Stream On Social Channels NBA Raises Money For Sager Charity Harvard Forum Looks At Tech In Sports Minnesota Sports Facilities Leadership Getting Overhaul Minnesota United Unveils Inaugural Kits NBA All-Star Skills Challenge Underwhelms Front Row Motorsports Lands Two Sponsors Budapest May Withdraw City's '24 Games Bid Werner, Henry Have No Plans To Sell Red Sox
The Marquee Group announced that it has completed its public offering of 7.5 million shares of its common stock at $5.00 per share that will allow the company to complete its acquisition of ProServ (The Marquee Group)....FORBES ranks its 200 Best Small Companies in America. Among them: Speedway Motorsports at No. 39 and Churchill Downs at No. 175 (FORBES, 11/3 issue)....The Convention & Visitors Bureau of Greater Cleveland estimates that the World Series will generate a "grand total" of $53M for the local economy, including "about" $21.7M directly from the World Series itself (AKRON BEACON JOURNAL, 10/22).
Oakley, Inc. announced its net income for the third quarter ended September 30, was $6.8M, or $0.10 per share, compared with a net income of $15.7M, or $0.22 per share, for the comparable '96 period. Net sales dropped to $59.4M, from $67.8M last year, with domestic sales totalling $36.9M and international net sales at $22.6M, compared with $47.4M and $20.3M, respectively, for the comparable '96 period (Oakley). Oakley's per-share net income fell 55%, while sales fell 12% from '96 3Q (WALL STREET JOURNAL, 10/23). CALLAWAY: Callaway Golf reported a "record net sales" of $257.4M for its third quarter ended September 30, an increase of 32% over net sales of $194.5M over the same period in '96. The company's net income for the same period of $37M, or $0.52 fully diluted earnings per share, includes a one-time pre-tax charge of $12M for the settlement of litigation between the company and a former officer. Net income without the $12M legal expense would have been $44.4M compared to $38.4M in 3Q '96, an increase of 16% (Callaway).