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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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UConn, XL Center Stalled In Talks For Lease

UConn and the Capital Region Development Authority, which manages XL Center, "have struggled since last summer to come to terms on a new lease that would ensure UConn men's and women's basketball and men's hockey play in Hartford" through '19, according to Matt Pilon of the HARTFORD BUSINESS JOURNAL ...

Tags: Facilities

Vinik Hires Planners For Downtown Project

Lightning Owner Jeff Vinik has hired urban developers Jeff Speck and David Dixon to "build walkable urban spaces for people to live and work in" as part of a $1B vision to transform 40 acres of downtown property , according to Jamal Thalji of the TAMPA BAY TIMES. The duo will "create the ...

Tags: Tampa Bay Lightning, Facilities

Facility Notes

In Detroit, Bill Shea notes heavy machinery "has been placed at the site" of the new Red Wings arena in "anticipation of major construction beginning in the next few weeks." Michigan-based engineering firm Giffels Webster "has been hired as a design consultant" for the project. New York-based Street ...

Tags: Facilities

Chargers' Spanos Opens Up On Stadium Issue

Chargers President Dean Spanos yesterday made his "first public comments this year on his team's stadium quest," and it appears the "onus is on the Citizens Stadium Advisory Group to, essentially, make it feasible for the Chargers to remain in San Diego," according to a front-page piece by Kevin Ace ...

Tags: Facilities, San Diego Chargers, NFL

A's Ballpark Resolution A Priority For Manfred

MLB Commissioner Rob Manfred yesterday said that he has "met with A’s ownership and with Oakland Mayor Libby Schaaf" regarding the team's ballpark situation, according to Susan Slusser of the S.F. CHRONICLE. Manfred, who visited the A's at their Spring Training facility in Mesa yesterday, said ...

Tags: Facilities, Oakland Athletics, MLB

Sounders Extend Lease At CenturyLink Field

The Sounders yesterday announced a "10-year extension" to their lease at CenturyLink Field to "keep the team at its current home" through the '28 MLS season, according to Matt Pentz of the SEATTLE TIMES. The agreement between the Sounders and stadium operator First & Goal Inc. includes a "mandat ...

Tags: Facilities, Seattle Sounders, MLS

Warriors' Lacob: New Arena "Complicated"

Warriors co-Owner Joe Lacob said the process of getting the team’s new S.F. arena built has been “one of the most complicated things I have personally ever been involved in in my life." Lacob, appearing on the MERCURYNEWS.com’s “The TK Show,” said, "It’s very comp ...

Tags: Facilities, Golden State Warriors, NBA

Steeg Optimistic Of San Diego Stadium

Former NFL Exec Jim Steeg, who ran the Super Bowl for 26 years and now is on the city of San Diego's NFL stadium task force, is "eminently qualified" for the position, according to Nick Canepa of the SAN DIEGO UNION-TRIBUNE. Steeg, who served as Chargers COO from '04-09 under President Dean Spanos, ...

Tags: Facilities, San Diego Chargers

Lakers' Tanter Opts For Traditional Course

Although the Lakers are "hugging up against their worst record ever," team PA announcer Lawrence Tanter "learned long ago to maintain professionalism," according to a profile by Mike Bresnahan of the L.A. TIMES. While pro sports teams continue to depend more and more on in-arena entertainment, Tante ...

Tags: Facilities, Los Angeles Lakers, Tampa Bay Lightning, NBA, NHL

Labor Group Against Kroenke NFL Stadium

The NFL stadium plan that includes Rams Owner Stan Kroenke and "sped through Inglewood City Hall last month now faces its first major obstacle: A petition drive launched by a powerful labor group that could delay the project unless developers guarantee more union jobs and better wages," according to ...

Tags: Facilities, NFL

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