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Finish Line Reports Dip In Q4 Earnings Despite Uptick In Revenue

Published in SportsBusiness Daily on 03 / 27 / 15

Finish Line reported a decline in Q4 earnings and "warned that profits in the current year may miss expectations," as the sports-apparel retailer has "struggled lately in a retail environment dogged by more promotions and lower mall traffic." The company's earnings fell 5% to $40.8M despite revenues...

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Penn State Restructures Athletics Department

Penn State yesterday announced that it is restructuring its athletics department to "better position its programs and best-serve its student-athletes," according to Greg Pickel of the Harrisburg PATRIOT-NEWS. Newly hired Deputy AD & COO Phil Esten and Senior Associate AD/Administration Lynn Holl ...

Tags: Colleges

UAB Drops Firm Reviewing Football Finances

UAB's Athletics Assessment Task Force last week unanimously selected California-based consulting firm OSKR to "review the feasibility of a football program ," but on Thursday night the school "wouldn't approve a contract for the firm," according to John Talty of the BIRMINGHAM NEWS. Earlier in the ...

Tags: Colleges

SEC's Sankey To Succeed Slive

The SEC on Friday formally introduced Greg Sankey as the successor to retiring Commissioner Mike Slive, a move that "does not come as a surprise, as the well-respected executive was considered to be the front-runner for the job," according to Natalie Pierre of the BIRMINGHAM NEWS. Sankey, previously ...

Tags: Colleges

Penn State Hockey Sees Early Success

Penn State "has turned what many thought would be a weak attempt at expanding college hockey into an instant success," as the school's team is "one of the hottest tickets" on campus, according to Jason Gonzalez of the Minneapolis STAR TRIBUNE. Hockey at PSU is "already a self-sustaining sport" that ...

Tags: Colleges, Big Ten, NCAA

NCAA, NBA Propose Early Entry Changes

The NCAA, NBA and National Association of Basketball Coaches have "joined forces to offer a proposed solution to prevent underclassmen from leaving early for the draft if they aren't assured of being a high pick," according to Andy Katz of ESPN.com. The proposal, resulting from a series of meetings ...

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NCAA Sees Record Surplus In '14

The NCAA in '14 was totaled $989M in revenue and $908.5M in expenses, resulting in a surplus of about $80.5M which is "the largest in NCAA history," according to an NCAA financial statement cited by Kevin McGuire of NBCSPORTS.com. The net surplus is about $20M higher in '14 "compared to the previous ...

Tags: Colleges, NCAA

Big East Sees Boost In Year Two

Year two of the revamped Big East has been "considerably less rocky than the first," as Commissioner Val Ackerman "has her own offices now, and a full staff, and an email system, and a host of corporate sponsors," according to Zach Schonbrun of the N.Y. TIMES. Last year at this time, Ackerman "was w ...

Tags: Colleges, Big East

Illinois Pays To Play At Soldier Field

The Univ. of Illinois will pay "almost $675,000 for the right to play three Thanksgiving weekend games at Soldier Field in the next five years," according to Julie Wurth of the Champaign NEWS-GAZETTE. But UI is "banking on much higher profits from ticket sales and other revenue at the games." U ...

Tags: Colleges, Big Ten

Rhoades Makes First Appearance As MU AD

New Missouri AD Mack Rhoades "appeared relaxed Tuesday as he led his first 'M-I-Z, Z-O-U' chant before beginning his remarks to a crowd of several hundred supporters" who gathered for his "first public appearance as the Tigers’ top athletics administrator," according to Tod Palmer of the ...

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New Mizzou AD Lauded For Capabilities

New Missouri AD Mack Rhoades "earned a reputation as a consensus builder during the chaos of a conference realignment" and transformed the Univ. of Houston's athletic facilities the last five years "through fundraising acumen," according to a front-page piece by Tod Palmer of the K.C. STAR. UTEP AD ...

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