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Roush Fenway Racing Announces Carl Edwards Will Leave Team In '15

Published in SportsBusiness Daily on 07 / 27 / 14

Roush Fenway Racing this morning issued a statement announcing driver Carl Edwards will not return to the team in ’15. Edwards has driven the No. 99 Ford for RFR since ’05. Team Owner Jack Roush said that he has “known for more than a month that Edwards would be leaving the tea...

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Dick's Sporting Goods Leading Sector

Dick's Sporting Goods, which operates 511 stores nationwide and has "enjoyed 17% sales growth, on average, for the past 10 years," is "leaving the competition in the dust," according to Christopher Williams of the WALL STREET JOURNAL. The company "has an 8.5% market share, ahead of rival Foot Locker ...

Tags: Dicks Sporting Goods, Finance

Colony Capital Reportedly Leads AEG Bidding

Colony Capital Founder, Chair & CEO Tom Barrack has “taken the lead in the auction” for AEG after Guggenheim Partners “dropped out of the bidding,” according to sources cited by Saitto & Fixmer of BLOOMBERG NEWS. A source said that Lakers investor Patrick Soon-Shiong, ...

Tags: Finance, AEG

Fortune Profiles Guggenheim Partners

Guggenheim Partners’ “eye-popping Dodgers acquisition has been only one of a handful drawing ever more attention to the firm,” and the N.Y.- and Chicago-based operation “has been turning up everywhere” in L.A., according to Cendrowski & Bandler in a FORTUNE cover st ...

Tags: Finance, Los Angeles Dodgers

Latest AEG Bids Reportedly Less Than $7B

The latest bids for AEG are "coming in at the low end of the expected price range and well below the company’s lofty asking price," according to Claire Atkinson of the N.Y. POST. AEG Chair Philip Anschutz "expected to fetch" $6-8B. But sources said that "at least two suitors that made it to th ...

Tags: Finance, AEG

JP Morgan Upgrades Nike To Overweight

JP Morgan yesterday upgraded shares of Nike “to overweight, giving the stock a boost in a down market,” according to CNBC's Scott Wapner. Baker Ave Asset Management CEO Simon Baker said Nike has a “multiyear product line ahead of it,” $2-3B in “free cash flow” and ...

Tags: Finance, Nike

AEG Bidders Due To Sumbit Offers Next Week

Bidders for AEG are due to submit offers for the real estate and sports conglomerate next week, sources said, although any such bids would not be binding. AEG’s investment bank, Blackstone, will reply to the bidders with further information and then set a deadline for final and best offer ...

Tags: Finance, AEG

AEG Reportedly Down To Three Bidders

The "final three bidders" to purchase AEG are a group made up of Penguins co-Owner Ron Burkle, Lakers investor Patrick Soon-Shiong and Goldman Sachs; Guggenheim Partners; and ColonyCapital and Qatar Sovereign Fund, according to sources cited by Ray Waddell of BILLBOARD.com. A deal &ld ...

Tags: Finance, AEG

Callaway Loses $72.7M In Q4 '12

Callaway Golf posted lower sales and a "wider loss for its seasonally slow fourth quarter as the Carlsbad company ends a rough year and takes aim at a turnaround in 2013," according to Mike Freeman of the SAN DIEGO UNION-TRIBUNE. Callaway's revenues "dipped to $118 million for the quarter, compared ...

Tags: Finance, Callaway Golf

ISC Releases FY '12 Financial Report

ISC's profit declined slightly last year and ticket sales remain challenging, but the company said it saw signs that its revenues were stabilizing. It expects ticket sales, corporate sponsorship and concessions revenue to remain flat this year. Any increase in revenue in '13 will be driven by the co ...

Tags: Finance, International Speedway Corp.

Dolphins' Ross Denies Interest In L.A. Move

Dolphins Owner Stephen Ross in an e-mail wrote he has “no interest at all in moving the Dolphins” to L.A., and his real estate firm Related Cos.' bid to acquire AEG is “strictly advancing our real estate, sports, entertainment and technology business,” according to Dave Hyd ...

Tags: Finance, Miami Dolphins, NFL, AEG

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