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Rant Sports Parent Company Closes On $3M Round of Venture Capital11 / 25 / 13
Illinois-based Rant Media Network, parent company of open source sports journalism site Rant Sports, has closed on a $3M round of venture capital funding, led by Hudson Bay Capital and interClick co-Founders Barry Honig and Michael Brauser. The investor group has committed to supplying $5M in addit...
Over the "next several months," corporate owner Benetton Sportsystems "will shift the bulk" of MN-based Rollerblade''s "administrative departments" to its Princeton, NJ, N.A. headquarters, according t
Three weeks after gaining control of "ailing" L.A. Gear, its new board announced a "restructuring," eliminating the jobs of "about" 60% of the roughly 100 employees at headquarters in Santa Monica, CA
Evenflo and Spalding Holdings Corp., parent of Spalding Sports Worldwide, has signed a letter of intent to acquire certain assets of the Ben Hogan Company, primarily in exchange for stock in Evenflo &
NJ-based Tear Drop Golf Co. is expected to announce today an agreement to acquire Tommy Armour Golf Co. from U.S. Industries for "about" $24.5M in stock and cash, according to the WALL STREET JOURNAL.
Fila Holding SpA confirmed Saturday that it has "laid off" 32 workers, 24 of them at its U.S. headquarters and distribution facility in Sparks, MD, according to the Baltimore SUN. Fila Senior VP Howe
CT-based Starter Corp. reported that third-quarter net income "fell" 49% as a result of "sluggish apparel sales," according to the WALL STREET JOURNAL. The company said net income fell to $5.6M, or $.
Intel Corp. and Mitsubishi Corp. have agreed to buy "substantial stakes" in FL-based SportsLine USA, according to David Poppe of the MIAMI HERALD. SportsLine said Intel agreed to buy 537,634 shares of
The "financial windfall" from hosting four World Series games "could run" $88M for the Marlins and other businesses, according to Horn & Fins of the Fort Lauderdale SUN- SENTINEL. The following number
Republic Industries Chair Wayne Huizenga has agreed to pay $82.5M for John Elway''s six Denver-area car dealerships, according to Richard Williamson of the ROCKY MOUNTAIN NEWS. Elway "received Republi
The financial benefits of owning a minor league baseball franchise was examined by Roy Furchgott of the N.Y. TIMES, who wrote, "team owners warn that would-be baseball moguls should take a long look b