Quote of the Day
"Our own newspapers, our own media, writes garbage. Our athletes did not want to come back.”
-- Hornets Owner George Shinn, on how the local New Orleans media has portrayed the city since Hurricane Katrina hit in ’05 (TIMES-PICAYUNE, 10/8).
Top Stories
Out Of Bounds?
The global financial crisis has touched another segment of the sports industry, as FA Chair Lord David Triesman threatens several measures to "rein in the perceived excesses" of the Premier League, most notably a salary cap to curtail the extravagant spending of debt-riddled clubs. In an effort to subvert "very tangible dangers" for the league's future, Triesman states his desire to re-establish the FA as regulator of the EPL. He also echoes FIFA President Sepp Blatter's criticism of the insufficiently stringent test to which prospective owners are subjected. But the EPL for now does not share Triesman's concerns, as CEO Richard Scudamore asserts debt "to a degree is healthy." Meanwhile, EPL club West Ham United may be "on the brink of a financial crisis," after the nationalization of Iceland-based bank Landsbanki leaves the club's owner with an "almost worthless" major shareholding.
Dollars & Sense
Amid financial turmoil, Citi quietly signs deal to sponsor Presidents Cup; Mosley warns F1 future severely endangered by high costs.
Channel Turner
Despite large-market teams, TBS sees huge 27% drop for MLB Playoff ratings from '07.
Sterling Silver
Elgin Baylor leaving L.A. after 22 years, losing out in power struggle to Mike Dunleavy.
Hello, Newman!
Army set to sponsor Ryan Newman's new Stewart-Haas ride for 22 Cup races in '09.
Dropped Call
Sprint Center-area developer Cordish Co. slams K.C. for arena's lack of major tenant, calls it "gross negligence" and "pitiful."
Alexander The Great
Powered by Ovechkin, Capitals head into NHL season with renewed fan base, presence in DC.
A New Ring Tone
VANOC, GM respond to criticism surrounding Right To Play's presence at 2010 Games.
Their Magic Kingdom
Magic unveil more details of new arena, including the "Empire State Building in Orlando."
