SBD/Issue 175/Sports Industrialists
Names In The News
Published June 6, 2007
|Sources Say Scott's Income
Topped $1M In '06
BUY & SELL: AMERICAN SKIING CO. has agreed to sell Maine resorts Sunday River and Sugarloaf/USA to Michigan-based BOYNE USA for $77M and the assumption of $2M in debt and liabilities, “passing on a competing bid from its former [CEO] LES OTTEN.” American Skiing has sold all five of its New England resorts since December for a combined $421M. It now only owns The Canyons in Park City, Utah (BOSTON GLOBE, 6/6)....Sports Direct Deputy Exec Chair & Founder MIKE ASHLEY, who bought a 3% stake in adidas at the end of March for US$358.8M, made a US$57.8M profit after selling the entire share (Manchester GUARDIAN, 6/6).
ENERGY SOURCE: Chesapeake Energy Corp. Chair & CEO AUBREY MCCLENDON paid $400,000 to run full-page ads in the Wall Street Journal, N.Y. Times, Washington Post, Raleigh News & Observer and Durham Herald-Sun praising Duke Univ. lacrosse players for “standing tall during extraordinarily difficult circumstances over the past 15 months” (DAILY OKLAHOMAN, 6/6).
NAMES: A Sotheby’s auction of 343 lots of sports memorabilia brought in $4.73M. Items included the jersey worn by Knicks C WILLIS REED during Game Seven of the ’70 NBA Finals, which sold for $90,000, and the ’51 World Series ring of HOF Yankees manager CASEY STENGEL, which sold for $180,000 (BLOOMBERG NEWS, 6/6)....MUHAMMAD ALI received an honorary doctorate at Princeton Univ. (Newark STAR-LEDGER, 6/6)....Colts President BILL POLIAN, a former GM of the Bills, was among the 11 people selected for induction into the Greater Buffalo Sports HOF in October (BUFFALO NEWS, 6/6)....The 2011 Special Olympics World Summer Games were awarded to Athens over finalists Cleveland and Rabat, Morocco (Cleveland PLAIN DEALER, 6/6)....Lenovo China VP/Olympic Marketing and Head of Brand Communications ALICE LI was included among AD AGE's 30 Women To Watch (AD AGE, 6/4 issue).