Featured Story

Kobe Bryant Hopes To Leverage Appeal In Asia With New Venture-Capital Tech Fund

Published in SportsBusiness Daily on 08 / 23 / 16

Former NBAer Kobe Bryant yesterday unveiled his new $100M venture-capital tech fund , and while he "acknowledges he's no expert on the tech industry," there are "areas where he's been prescient, including Asia," according to Dave & Lien of the L.A. TIMES. His partner, Jeff Stibel, said Bry...

Read More

Tags: Finance

More Stories

05/18/99
GLOBAL SPORTS DEFENDS E-COMMERCE PLAN OF NO DISCOUNT

Global Sports Inc. execs are finding themselves "defending their plan" and strategy to go online with merchandise sales through Global Sports Interactive, according to Bob Fernandez of the PHILADELPHI

Tags: Finance

05/13/99
CANADIENS LOSE MORE THAN GAMES AS NO PLAYOFFS HURT EARNINGS

The Molson Companies sports and entertainment division, which owns the Canadiens and the Molson Centre, reported yesterday that it had an operating loss of C$3.8M last year, compared with a profit of

Tags: Finance, Montreal Canadiens

05/12/99
MICHAEL RUBIN HAS HIGH HOPES FOR GLOBAL SPORTS INTERACTIVE

Global Sports CEO Michael Rubin appeared on CNBC yesterday to discuss details of the newly formed Global Sports Interactive (GSI), which will handle the e-commerce outsourcing deals with The Athlete''

Tags: Finance

05/12/99
WITH ISC/PENSKE DEAL, WHAT OTHER TRACKS WILL BE NEXT?

Shares in Int''l Speedway Corp. were up 2 7/8 yesterday, to close at 52 3/4, after news of its agreement to acquire Penske Motorsports (See THE DAILY, 5/11). Shares in Penske rose 5 3/4, to close at 4

Tags: ABC, Finance, Indianapolis Motor Speedway, IndyCar, Speedway Motorsports Inc., Walt Disney

05/12/99
CABLEVISION NOT REAPING HUGE PAYOFF FROM KNICKS, RANGERS?

MSG could lose up to $15M if the Knicks "don''t survive" their first-round playoff series against the Heat, according to Philip Lentz of CRAIN''S N.Y. BUSINESS. However, Lentz added, "For almost any o

Tags: Cablevision, Finance, Madison Square Garden, Miami Heat, New York Knicks, New York Rangers

05/11/99
FINANCE NOTE: NORTH FACE ADMITS TO BOOKKEEPING ERROR

The North Face said that "it overstated" its ''98 earnings "to a much greater extent than it had previously estimated" and has restated ''98 earnings to $3.6M, or $.29 per share, down from $9.5M, or $

Tags: Finance

05/11/99
HEAD'S UP: PENN ACQUIRED TO IMPROVE TENNIS BALL MARKET SHARE

Austria-based Head Tyrolia Mares has acquired Penn Racquet Sports and its AZ-based tennis ball manufacturing plant from OH-based manufacturing company GenCorp, according to Peter Corbett of the ARIZON

Tags: Finance, Wilson Sporting Goods

05/11/99
VIVA LE FRANCE! ISC TO BUY PENSKE MOTORSPORTS IN $700M DEAL

FL-based Int''l Speedway Corp. (ISC) is "buying" 12.2 million outstanding shares of MI-based Penske Motorsports Inc. (PMI) for $50 per share in stock and cash, according to Bill Koenig of the INDIANAP

Tags: Finance, NASCAR, Speedway Motorsports Inc.

05/10/99
AGENCY CONSOLIDATION: STEINBERG, HENDRICKS CLOSE TO DEALS?

Winnipeg-based investment advisory firm Assante Corp. "is close to a deal to buy" sports law firm Steinberg & Moorad, according to sources of the SPORTSBUSINESS JOURNAL''s Josh Gotthelf. Partner Jeff

Tags: Finance, MLB

05/10/99
LUCKY CHARMS? CELTICS PARTNERSHIP REPORTS NET LOSS OF $9.3M

The Boston Celtics Limited Partnership (BCLP), the parent company of the Celtics, reported a net loss of $9.3M during a nine-month period ended March 31, 1999, according to an AP report. While the par

Tags: Boston Celtics, Finance, NBA

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug