Bryant Hopes Appeal In Asia Helps New Fund BAM Tech Buys Stake In Silver Chalice Kobe Launches $100M Tech Fund Performance Sports Group Losing Value Analysts Pleased With Disney-BAM Tech Deal Adidas Continuing To Show Sales Growth SMI Takes Revenue Hit In Q2 Report Under Armour Grabs New Manhattan Space Analytics Company Catapult Buys XOS Digtial TSN Profits For FY '15 Only Down Slightly
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).