Featured Story

Titleist Owner Acushnet Files For IPO Despite Recent Downturn In Golf Play In U.S.

Published in SportsBusiness Daily on 06 / 21 / 16

Acushnet, which owns golf brands Titleist and FootJoy, filed for an IPO yesterday, "despite a recent downturn in golf play in the U.S.," according to Austen Hufford of the WALL STREET JOURNAL. Acushnet plans to "use ticker symbol 'GOLF' and seeks to raise" as much as $100M for its shareholders who a...

Read More

Tags: Finance, Golf

More Stories

Disney's Q2 Income Up Despite ESPN Costs

Disney today reported that its domestic theme parks and consumer products business "drove the company to a 10% increase in net income for its fiscal second quarter," according to Daniel Miller of the L.A. TIMES. The company "posted net income" of $2.108B for the quarter that ended March 28, up from ...

Tags: Finance, Walt Disney, ESPN

Adidas' Net Profits Rise In Q1

adidas' Q1 net profit "rose 8.2% on the improved performance of the German sporting-goods group’s namesake and Reebok brands, with robust sales in the U.S. and other markets relieving some pressure on management," according to Ellen Emmerentze Jervell of the WALL STREET JOURNAL. Net profit for ...

Tags: Finance, Adidas, Reebok

Stats LLC Acquires U.K.-Based Prozone

Stats LLC has acquired U.K.-based athlete-performance and analytics outfit Prozone, marking the company’s fourth acquisition in the last eight months and third since February. Prozone, active in scouting and video tracking in Europe, Asia, Australia and Africa, will become part of Illinois-bas ...

Tags: Finance, Stats LLC

Aussie Social Media Company Buys Into BigTeams

Australia-based social media company Moko Social Media signed a low seven-figure deal for a 10% stake in BigTeams, a Virginia-based company that produces websites and scheduling software for high school athletic departments. Deal terms give Moko the option to acquire up to 23% of the company, which ...

Tags: Finance

Callaway Profits Beat Q1 Expectations

Callaway Golf "reported a larger profit" for Q1 '15 than analysts expected, despite "headwinds from a strong dollar that drove down sales," according to Mike Freeman of the SAN DIEGO UNION-TRIBUNE. Callaway "posted quarterly revenue" of $284M, below a $303M estimate. Sales were 19% "lower than the s ...

Tags: Finance, Callaway Golf

Under Armour Profit Down In Q1

Under Armour's profit fell 13% during Q1 '15 "as the brand invested in two fitness technology companies ," but sales were up 25%, "beating analysts' expectations," according to Lorraine Mirabella of the Baltimore SUN. Net income decreased to $12M from $14M. However, sales jumped to $805M compa ...

Tags: Finance, Under Armour

Dick's Takes Prudent Approach To Financial Future

Dick's Sporting Goods has "scaled back its plans for new stores and its predictions for revenue growth and profitability over the next several years as demand remains sluggish for some of its core products," including golf, according to Alex Nixon of the PITTSBURGH TRIBUNE-REVIEW. Dick's yesterday s ...

Tags: Finance, Dicks Sporting Goods

ISC Revenues Up For Q1 Of '15

Increased attendance for the 57th annual Daytona 500 and other Speedweeks events gave Int'l Speedway Corp.’s Q1 revenues in FY '15 "a strong boost," according to Clayton Park of the Daytona Beach NEWS-JOURNAL. The 1.6% "increase in ticket sales for the three-month fiscal period that ended ...

Tags: Finance, International Speedway Corp.

ESPN Agrees To Buy DraftKings Stake

DraftKings is "close to getting significant financial backing from arguably the most powerful brand in sports," as ESPN has "agreed to invest hundreds of millions of dollars" for up to a 20% stake in the daily fantasy sports operator, according to sources cited by Lefton & Ourand in this week's ...

Tags: ESPN, Finance

SeatGeek Closes Latest Round Of Venture Financing

N.Y.-based ticket search engine SeatGeek has closed on a $62M round of Series C venture capital financing, the company’s second major round of funding in a little more than seven months. The latest batch of money, combined with its $35M Series B in late August last year, brings its fundraising ...

Tags: Finance

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug