SBD/8/Sports Industrialists

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  • DOES BEING A LAME DUCK LEAD TO LOTS OF TIME ON THE GREENS?

              In an exclusive interview in the N.Y. TIMES, PRESIDENT
         CLINTON's passion for the game of golf was noted by Berke &
         Broder as he moves in to the latter part of his Presidency. 
         U.S. Senator John Breaux (D-LA), on Clinton's second term: 
         "It's golf, golf, golf -- interspersed with politics."  Some
         "prominent Democrats" said that they were surprised by
         Clinton's "longing for the golf course."  U.S. Senator Tom
         Daschle (D-SD): "It's amazing to me.  He can pour out data
         about a golf course like he can about polls and voting
         turnouts ... He regales us, with some frequency, with stories
         of being on the golf course and hitting this incredible
         drive."  Clinton: "It's not fair to say I'm obsessed with it"
         (Berke & Broder, N.Y. TIMES, 12/7).
    
    

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  • EXECUTIVE TRANSACTIONS

              The MLS Wizards are expected to announce DOUG NEWMAN, a
         "top executive" at adidas, as their new GM today (K.C. STAR,
         12/7)....Target-Chip Ganassi Racing announced the resignation
         of MICHAEL KNIGHT, VP Communications (N.Y. POST, 12/6)....NJ-
         based The Score Board announced that KEN GOLDIN has resigned
         as CEO & Board of Dir Chair (Score Board).
    
    

    Print | Tags: People and Pop Culture, Washington Nationals
  • GO INSIDE NEWS CORP'S TAX AND ACCOUNTING STRATEGIES

              The "empire" of News Corp. Chair RUPERT MURDOCH was
         examined in a front-page feature by Paul Farhi in Sunday's
         WASHINGTON POST.  Murdoch became an American citizen in the
         mid-80's to comply with U.S. law prohibiting foreign
         ownership of TV stations, and those TV stations provide News
         Corp. "with the vast majority of its revenue and profit." 
         But "through the deft use of international accounting
         loopholes and offshore tax havens, Murdoch has paid corporate
         income taxes at one-fifth the rate of his chief U.S. rivals
         throughout the '90s."  Farhi added that there is "no
         suggestion from U.S. authorities of any impropriety" in the
         way Murdoch has done business and that the "international tax
         and accounting strategies employed by News Corp. may, in
         fact, make Murdoch a model for the 21-century entrepreneur --
         a captain of an industry who operates under so many flags at
         once that it's hard to know where his allegiances lie or how
         his businesses function" (WASHINGTON POST, 12/6).
    
    

    Print | Tags: News Corp./Fox, People and Pop Culture
  • NAMES IN THE NEWS

              Former Isles Owner JOHN SPANO was indicted on two counts
         of federal bank fraud four days after he "backed out of a
         plea bargain with three states."  He will be arraigned on the
         charges Wednesday in Boston (Mult., 12/6)....JEFF GORDON, on
         Forbes magazine listing him among the top sports earners of
         '97 with combined earnings of $10.3M, ranking him 32 out of
         40: "What's amazing about that is you don't know the source
         of it, but it's so accurate" (N.Y. TIMES, 12/6)....Yankees
         Owner GEORGE STEINBRENNER, on the five-year, $34M deal agent
         SCOTT BORAS secured for JAY BELL with the D'Backs: "Boras is
         just throwing out numbers.  Some people bite.  He took
         [D'Backs Managing General Partner] JERRY COLANGELO over the
         coals.  He made him look like a fool" (UNION-TRIBUNE, 12/7).
         ...PEYTON MANNING will be a guest on "Late Show" with David
         Letterman tonight.  He becomes the first college football
         player ever to guest on Letterman (NASHVILLE BANNER, 12/5).
    
    

    Print | Tags: Arizona Diamondbacks, New York Yankees, People and Pop Culture, YankeeNets
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