Shamrock Looking To Sell Stake Of Learfield Learfield Sports Reportedly Up For Sale Van Wagner Sports Invests In CineSport Puma Reports Decline In Q1 Earnings ESPN Helps Boost Disney's Q2 Income IMG Reportedly Rejected $2B Bid SMI Reports Loss Of $1.3M For Q1 Callaway Golf Sees $42M Q1 Profit UA Exceeds Q1 Earning Expectations IMG Golf Acquires IGP S&E
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Shamrock Capital Looking To Sell Majority Stake Of Learfield 19 Months After Acquisition06 / 14 / 13Shamrock Capital Advisors, an L.A.-based private equity firm that owns the majority of Learfield, is looking to flip the college sports media and marketing agency. Shamrock acquired close to 80% of Learfield for $80M in December '11 and has begun the process of selling it after nearly 19 months of o... Tags: Finance |
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Nike: Japan Disaster To Have "Negative Impact"
Nike in a report filed with the SEC Wednesday said it will see a "negative impact" on revenues and profits due to the March 11 earthquake and tsunami in Japan, according to Allan Brettman of the Portland OREGONIAN. Nike in the report said, “Although we cannot fully assess the financial impact of the ...
ISC Says Q1 Earnings Exceeded Expectations
Int'l Speedway Corp. (ISC) today reported Q1 earnings that exceeded the company's expectations largely because of strong attendance for races at Daytona, Phoenix and Auto Club speedways. The company's Q1 revenues declined 2% from the same period in '10 to $148.7M. Admissions revenue totaled $36M and ...
Nike Raising Prices Due To Increasing Costs
Nike execs Thursday said that the company will “begin to raise prices on a broad variety of products in an effort to offset rising costs,” according to Murphy & Solsman of the WALL STREET JOURNAL. Nike, which posted a 5.2% increase in its fiscal Q3 earnings, said that “because of rising oil, cot ...
Bauer Performance Sports Launches IPO
Bauer Performance Sports, the "world's biggest hockey skate and equipment company," launched an initial public share offering this morning and started trading on the Toronto Stock Exchange, according to Tony Van Alphen of the TORONTO STAR. Bauer owners Kohlberg & Co. and Roustan Capital offered ...
Tags: Bauer Inc., Finance
SMI Earns $44.5M Income For FY '10
Speedway Motorsports Inc. overcame ongoing economic challenges and declining revenue in '10 to generate a net income of $44.5M for the year, reversing a net loss of $10.3M in '09. SMI today reported $502.2M in revenues for FY '10, an 8.8% decrease from the $550.5M it generated in '09. Tota ...
Tags: Finance, Motorsports
MSG Arena Renovation Could Total More Than $977M
MSG Inc. Friday said that it is "prepared for the cost of renovating its namesake arena to balloon," according to Nat Worden of the WALL STREET JOURNAL. MSG President & CEO Hank Ratner said that it "would be 'imprudent' at this time to forecast the total cost of the long-awaited renovation of Ma ...
Tags: Madison Square Garden, Finance
Adidas Q4 Revenue Increases, But Profit Shrinks
adidas AG yesterday announced that its Q4 net profit "shrank amid higher operating expenses even though improving sales in a healthier global economy powered a strong rise in revenue," according to Allan Brettman of the Portland OREGONIAN. adidas earned $9.7M in Q4, down from $26M a year earlier, bu ...
Williams F1 Shares Down After First Day Of Trading
Williams F1 yesterday joined the Frankfurt Stock Exchange as Williams Grand Prix Holdings PLC, and shares of the race team "have already fallen almost" 5%, according to Tom Cary of the London TELEGRAPH. A Frankfurt-based trader said, "This is what I expected and I think that it will not get any eas ...
Tags: Finance, Formula One
Bauer Hockey To Be Publicly Traded In Canada
Hockey-equipment manufacturer Bauer Hockey has "filed a preliminary prospectus with the Ontario Securities Commission to have its stocks publicly traded with the Toronto Stock Exchange," according to Ken Campbell of THE HOCKEY NEWS. It is "uncertain how much the shares will be worth or how much capi ...
Tags: Bauer Inc., Hockey, Finance
Under Armour Reaches $1B In Revenue In '10
Under Armour's profit "rose by nearly" 51% in Q4 and the company's revenue "reached $1 billion for the first time" in FY '10, according to Ryan Sharrow of the BALTIMORE BUSINESS JOURNAL. Under Armour posted a profit of $22.9M, or $0.44 a share, during the quarter, up from $15.2M, or $0.30 per share, ...
Tags: Under Armour, Finance
