SBD/August 18, 2011/Franchises

Sharks Not Included In Silicon Valley Sports & Entertainment Layoffs

A restructuring at the Sharks' parent company "has resulted in 19 layoffs, but none come from the hockey ranks at Silicon Valley Sports & Entertainment," according to David Pollak of the SAN JOSE MERCURY NEWS. SVSE Exec VP/Business Operations Malcolm Bordelon yesterday said that "most of the cuts came from the elimination of an entire merchandising division that enabled outside companies to put their own logos on everything from pens to T-shirts." Sources said that SVSE Senior Dir of Communications Ken Arnold and VP/Sales & Marketing Kent Russell "were among those given pink slips." Pollak notes the cutbacks came "after a yearlong review by the team's ownership group, assessing all aspects of the operation." The process is ongoing, but Bordelon indicated that it "was unlikely that any cutbacks would be imposed on the hockey department in the foreseeable future" (SAN JOSE MERCURY NEWS, 8/18).
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