SBD/Issue 172/Sports Industrialists

Names In The News

Cuban Sits With SEC Officials To
Discuss Pending Insider Trading Suit
SEC officials and lawyers for Mavericks Owner MARK CUBAN yesterday met in federal court in Dallas "about whether an insider-trading lawsuit" against Cuban "should be thrown out." The judge overseeing the case has yet to rule, but a "decision could come within two weeks" (DALLAS MORNING NEWS, 5/27). The AP's Danny Robbins noted Cuban yesterday was "uncharacteristically reserved" at the hearing, and declined comment afterward (AP, 5/26). Fox Business judicial analyst ANDREW NAPOLITANO noted Cuban has been very critical of the government bailout program and said, "We also know that the government can be extremely subjective when it decides who to go after for SEC violations" ("Happy Hour," Fox Business, 5/26). 

GREECE LIGHTNING: In Orlando, Chris Harry cited sources as saying that Univ. of Florida G NICK CALATHES last week signed a deal to play for Greek basketball club Panathinaikos. Sources said that the deal will pay Calathes, who has dual U.S. and Greece citizenship, around $1.1M annually, "in addition to providing him with a home, car and tax credits, making for a total package commensurate to what the NBA rookie salary scale provides a late-lottery selection." With his Greek heritage and citizenship, "there should be endorsement opportunities aplenty" for Calathes (ORLANDO SENTINEL, 5/24).

IN THE SPOTLIGHT: Scenes for the upcoming movie "MONEYBALL" will be shot at Oakland-Alameda County Coliseum in July. A's officials "haven't received concrete details on what scenes will be shot" at the ballpark, but A's VP/Stadium Operations David Rinetti said that "footage of actual A's home games probably will be shot" (OAKLAND TRIBUNE, 5/27)....A camera crew Sunday filmed HER energy drink CEO BRETT JACOBSON at the Indianapolis 500, where his company sponsored Alex Lloyd's No. 99 entry, "for a television reality series." Details of the show are unknown, but Jacobson said that "an announcement is coming" (INDIANAPOLIS STAR, 5/26).

NAMES: Senators Owner EUGENE MELNYK yesterday agreed to "show up in person or by proxy" to Biovail's annual meeting tomorrow, ending the "ongoing feud with the pharmaceutical giant he used to run" (NATIONAL POST, 5/27)....VANOC earlier this month filed a lawsuit in B.C. Supreme Court against Winnipeg-based Roadtrips "in an effort to stop black-market ticket sales" for the '10 Vancouver Olympics. VANOC claims that Roadtrips is "offering tours that include tickets to the Games that they don't have a legal right to sell" (CP, 5/25)....Former SMI President & CEO Humpy Wheeler will be the featured storyteller at the Charlotte Folk Society's monthly meeting on June 12, where he will "share stories about growing up in the mill town" of Belmont, North Carolina, and the "early days of NASCAR" (CHARLOTTE OBSERVER, 5/24)....Wild Owner CRAIG LEIPOLD has a 10-year lease on a suite at the St. Paul Hotel (ST. PAUL PIONEER PRESS, 5/23)....Beach volleyball player KERRI WALSH and her husband, beach volleyball player CASEY JENNINGS, Friday welcomed their first child, JOSEPH (, 5/23).

Return to top

Related Topics:

People and Pop Culture

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug