Quote of the Day

"When your biggest attraction is beaten in 14 seconds by a last-minute replacement from the undercard, it does not help business."

-- CBSSPORTS.com's Denny Burkholder, noting Kimbo Slice's quick defeat to Seth Petruzelli on CBS' "EliteXC Saturday Night Fights"  (CBSSPORTS.com, 10/5).

Monday October 6, 2008 Vol. 15 — No. 15 Print This Issue

Top Stories

  • Sports Not Immune To Current Financial Crisis
    Wall Street is taking a dive again today, as the Dow is below 10,000 for the first time in four years, and more news outlets are looking at the potential impact on sports. While most experts say the sports business is insulated for now because of long-term contracts, most warn of a ripple effect the longer this goes on. That of course could impact sponsorship spending and activation, as well as franchise values and stadium financing. Of all the properties, much of the focus is on the PGA Tour, which has a slew of corporate support from an imperiled finance industry. PGA Tour Exec VP & CMO Tom Wade sounds a familiar refrain when he says, “For the short term, we're actually in pretty good shape. In the longer term, if this persists, we just don't know.” Meanwhile, Bruins Owner Jeremy Jacobs says that New York "would be hit hardest by a decline in corporate sponsorship."

  • Driving The Lane
    AutoTrader.com acquires title sponsorship to Saturday's Nuggets-Suns outdoor game.

    With This Ring ...
    USOC appoints EA's Larry Probst as Chair to help develop and maintain ties with major U.S. companies, further multimedia efforts.

    Around The Horn
    TBS receiving solid reviews for MLB playoff coverage, as games are down from '07.

    Music City Madness
    Predators default on $40M loan as team ownership struggles to overcome Del Biaggio's bankruptcy.

    Shuffle Puck 
    Melnyk says NHL expansion to Europe is imminent; league off to a smooth start abroad.

    Right Or Wrong?
    VANOC criticized for banning humanitarian group because of distant conflict with sponsor.

    Isolation Offense
    Pedowitz report on NBA referees confirms Stern's assertion that Donaghy acted alone.

    Waving The Yellow Flag
    Tax evasion charges for Castroneves, Alan Miller create uncertainty among drivers.

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