Callaway Profits Beat Q1 Expectations Under Armour Profit Down In Q1 Dick's Takes Prudent Approach To Financial Future ISC Revenues Up For Q1 Of '15 ESPN Agrees To Buy DraftKings Stake SeatGeek Closes Latest Round Of Venture Financing Hudl Closes $72.5M Round Of Funding MSG Confirms Plans To Split In Two Asics America Enjoys Strong '14 Adidas Aims To Grow Profits By 15% Annually
Upcoming Conferences and Events
SBD/February 4, 2014/Finance
Learfield Sports Acquires Nelligan Sports, Upping Stakes In Competition With IMG College
Published February 4, 2014
WANT MORE GREAT STORIES LIKE THIS?
CLICK ON ONE OF THESE BUTTONS
NELLIGAN TO STAY ON: Brown said that T.J. Nelligan, who founded Nelligan Sports in '99 and currently serves as Chair & CEO, will retain a leadership position and remain a primary contact for many of the schools that he originally signed. He added that there is not expected to be much attrition from the merger of the two companies. Like Learfield, Nelligan has a sales staff that operates on the campus of each of its school properties. The addition of Nelligan’s 85 employees will bring Learfield’s employee count to 485. Brown said, "We don’t have a lot of overlap." One of the primary differences between Learfield and Nelligan is the way they structure their contracts with the schools. Learfield typically pays the school an annual guarantee and then pays a revenue share once certain sales thresholds are met. Nelligan’s deals, with some exceptions, are profit shares with the schools.