Leaders In Women's Sports Panel Discussion Braves-SunTrust Deal Worth $10M-Plus Hornets Sign Food Lion As Sponsor Turner Breaks MLB Playoff Ads Game Changers: Female Execs Talk Domestic Violence Las Vegas To Hold Meetings On Stadium Florida Hospital Expands Lightning Deal AFL Gives Jerry Kurz President Title Under Armour Signs Emmanuel Mudiay
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).