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VF Corp. Mum On Potential Sale Of Majestic To Under Armour In Wake Of MLB Uniform Deal

Published in SportsBusiness Daily on 12 / 06 / 16

Shortly after MLB yesterday formally  announced Under Armour as its uniform provider starting in '20, current rightsholder VF Corp. said that it is in "ongoing, productive talks" with MLB with a collective goal to ensure that its Palmer Township, Pa., facility -- home to the Majestic brand -- ...

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Tags: Finance, Under Armour, Majestic Athletic, VF Corp., MLB

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Jury Rules Against GSP In KPMG Lawsuit

A New York jury last week ruled against sports investment bank Galatioto Sports Partners (GSP) in its $37M lawsuit against KPMG. A source said GSP plans to appeal. The New York State Supreme Court case stemmed from an audit KPMG did for the defunct Hicks Sports Group, which GSP relied on to len ...

Tags: Finance

Callaway Raises Full-Year Earnings Forecast

Callaway Golf shares on Thursday rose nearly 9% after the company "raised its full-year earnings forecast on the strength of cost savings and market share gains," according to Mike Freeman of the SAN DIEGO UNION-TRIBUNE. The company, which on Wednesday reported that Q3 sales rose 4% YOY to $176 ...

Tags: Finance, Callaway Golf

Nike Projects $50B In Revenue By '20

Nike President & CEO Mark Parker yesterday said that the company's revenue "will grow" to $50B by '20, setting an "aggressive target that would expand the company's lead over its closest rivals," according to Allan Brettman of the Portland OREGONIAN. Nike recorded $30.6B in revenue for its FY th ...

Tags: Finance, Nike

Daytona Rising Dents ISC Q3 Revenue

ISC on Thursday reported a year-over-year decrease in net revenues and a $4M net loss for Q3 '15, but company execs said that results "beat their own forecasts," according to Clayton Park of the Daytona Beach NEWS-JOURNAL. ISC President John Saunders said that declines "were anticipated" because of ...

Tags: Finance, International Speedway Corp.

rEvolution Acquires eSports Consultancy

Chicago-based agency rEvolution has acquired eSports sponsorship consultancy NEXTGEN+MVPs and is launching rEvXP to serve brands, platforms and players. NEXTGEN+MVPs was founded earlier this year by media and gaming industry vet Dan Ciccone, who will serve as rEvXP Managing Dir and will oversee all ...

Tags: Finance

ComScore Purchases Rentrak, Could Rival Nielsen

comScore yesterday announced that it is purchasing fellow consumer audience measurement firm Rentrak in a deal that brings together companies "at the forefront of quantifying what people do online," according to Mike Rogoway of the Portland OREGONIAN. The deal for Portland-based Rentrak "gives ...

Tags: Finance

Acushnet Reportedly Considering An IPO

Golf equipment company Acushnet, which manufactures Titleist, is in discussions with banks about a possible IPO that could occur "next year,” according to Bloomberg News' Alex Barinka. The IPO "could value the company" at $2B. However, it is an "interesting time for golf because we&r ...

Tags: Finance

Nike Reports Quarterly Sales Bump

Nike in its Q1 report on Thursday "posted a 23% jump in quarterly profits and particularly strong sales gains in China," according to Germano & Stynes of the WALL STREET JOURNAL. The company "reported a three-month profit" to begin FY '16 of $1.18B, as sales rose 5% from a year earlier to $8.41B ...

Tags: Nike, Finance

FanDuel Acquires Fantasy eSports Company

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Tags: Finance

eSports Company Skillz Gets $15M In VC Funding

Skillz, a S.F.-based mobile eSports company, has closed on a $15M Series B round of venture capital funding. The round was led by Wildcat Capital Management, with participation from the Kraft Group, Bucks co-Owner Marc Lasry, Sequoia Capital and other existing investors. The additional funds wi ...

Tags: Finance

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