Under Armour Posts First Quarterly Loss Since '05 SMI Sees Attendance Revenue Drop In Q1 Everfi Raises $190M Series D Funding Round StubHub Ends Q1 With Gains In Revenue, Sales CAA Expands Presence In China With New Deal SeatGeek Buys Software Company TopTix Blue Star Sports To Announce Acquisitions, Add Staff ISC Q1 Shows Uptick In Overall Revenue Sources: VF Selling Sports Group To Fanatics Angels P Talks Committing Future Earnings To Fantex
Upcoming Conferences and Events
May 31 - Jun 1
Published February 27, 1998
FORBES' Peter Spiegel examines consolidation in the sports marketing business and writes that "small two- or three-lawyer shops" are an "endangered species." Spiegel: "Pushing the consolidations is the increasing role of corporate sponsorship. ... The big sports agencies offer their services to corporate clients looking to get themselves noticed by sports fans" (FORBES, 3/9 issue). NOTES: NSSN's Steve Mayer goes inside CART's planned IPO and reports "top" execs have been "granted substantial stock options." Among them: CART CEO Andrew Craig (600,000 shares), CFO Randy Dzierzawksi (300,000 shares), VP/ Logistics Dennis Swan (20,000) and VP/Competition Kirk Russell (40,000). At an offering of $15 a share, Craig has the option to purchase $9M of CART shares (NSSN, 2/25). ...TCI's TCI Gameco Holdings unit sold its 4.3 million-share stake in Acclaim Entertainment (WALL STREET JOURNAL, 2/27).