Quote of the Day
"I don't like basketball. And I especially don't like their Collective Bargaining Agreement. They're going to have to do some hard work around that sport to get it back in line where it's reasonable to own a team."
-- Hurricanes Owner Peter Karmanos, telling WJR-AM he has no interest in buying the Pistons (DETROIT NEWS, 8/12).
Top Stories
Raising Their Glass
A-B InBev is declaring its FIFA World Cup sponsorship a big hit. While brands sort through the ROI on the multimillion-dollar investments, the beer maker credits its association with the quadrennial soccer tournament for driving sales in the second quarter and boosting its net profit. The brewer says that the World Cup was "a boon for Budweiser, its most recognizable brand but one that has been steadily losing market share over the last 20 years.” Meanwhile, reports have Budweiser moving its coveted NASCAR sponsorship to Richard Childress Racing and Kevin Harvick’s No. 29 Sprint Cup entry. Budweiser has been with Kasey Kahne for three seasons, but Kahne’s impending move in ’12 to Hendrick Motorsports -- where he will join fellow former Bud driver Dale Earnhardt Jr. -- has opened the door for RCR to land the brand’s red paint scheme.
