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Miller Lite Renews Deal To Sponsor New Hampshire Motor Speedway

Published in SportsBusiness Daily on 09 / 19 / 14

New Hampshire Motor Speedway officials on Friday announced that Miller Lite has extended its deal to sponsor the track for another three years. The deal keeps Miller Lite as the "Official Beer Sponsor of New Hampshire Motor Speedway" through the '17 racing season. NASCAR driver Brad Keselowski , wh...

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Nike's Q3 Shows Drops In China

Nike on Thursday reported a 16% profit for its Q3 ending Feb. 28, but "a huge percentage of the company's discussion with stock analysts" focused on "a slowdown in China,” according to Allan Brettman of the Portland OREGONIAN. Nike’s growth in the country has been “on a torrid pace ...

Tags: Nike, Billabong, Finance

AEG Preps Acquisition Strategy

AEG Chair Philip Anschutz is “prepping a fresh acquisition strategy for AEG Worldwide,” according to Claire Atkinson of the N.Y. POST. Anschutz and his execs are “huddling to finalize a strategy on how best to grow AEG at home and abroad.” Sources said that the plan “co ...

Tags: Finance, AEG

SMI Sees Total Revenues Drop In '12

Declines in ticket sales, the loss of Infineon’s naming-rights deal in Sonoma and a reduction in Sirius’ radio rights fees pushed SMI’s total revenues down 3% in '12. The company still managed to generate a profit, largely because of a one-time loss of $48.6M it recorded in '11. SM ...

Tags: Finance, Speedway Motorsports Inc.

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

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