Weekend Plans With Engine Shop's Ed Kiernan Oilers Unveil Details Of New Arena District Ravens Partner With Domestic Abuse Center NFL Toughens Domestic Violence Policy CBS Going All-Out With U.S. Open Coverage Snickers Releases First Manziel Commercial Classified Advertisements Executive Transactions Filing Hints NCAA's Strategy In O'Bannon Appeal Notre Dame Renovations Begin In November
GOLFWORLD's Steve Pike reports sources say ski industry manufacturer K2 "is interested in buying a golf-equipment company." K2's plans, however, might be on hold because of "slumping" in-line skate sales. The company projects a 42% decline in 3Q earnings and a 9% decline in revenue (GOLFWORLD, 10/3)....MO-based Rawlings Sporting Goods Co. Inc. lost $715,000 last quarter, but reported that profit for its fiscal year was up 3.8% to $5.4M (ST. LOUIS POST- DISPATCH, 10/8)....Tommy Armour Golf CEO Michael Magerman will take a leave of absence, designed to enable him to focus his energies on purchasing Tommy Armour Golf Company from U.S. Industries (Armour Golf).
MA-based State Street Research & Management Co. is creating a new division within its Private Client Group to provide investment management for professional athletes. Run by former Bruin Derek Sanderson, State Street will offer its line of mutual funds and individually managed accounts to target the financial needs of pro athletes. State Street President & CEO Ralph Verni: "Derek Sanderson is a well- known and highly regarded individual in both the sports world and business world. ... His knowledge and reputation, combined with our investment capabilities and experience, will make State Street Research the logical choice for professional athletes" (State Street Research). In the FINANCIAL TIMES, John Authers reported that Sanderson "already has 90 clients under his wing, mostly from ice hockey," with combined projected salaries for the next year of $50M (FINANCIAL TIMES, 10/6).