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NCAA Settles Class-Action Concussion Lawsuit, Creates $70M Fund For Trauma Diagnosis

Published in SportsBusiness Daily on 07 / 29 / 14

The NCAA today agreed to "settle a class-action head-injury lawsuit" by creating a $70M fund to "diagnose thousands of current and former college athletes to determine if they suffered brain trauma playing football, hockey, soccer and other contact sports," according to Michael Tarm of the AP. The N...

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Tags: Colleges, NCAA

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01/13/98
AUTOWEEK GOES INSIDE THE FINANCES AT CART BEFORE ITS IPO

CART looks to raise as much as $84.1M by issuing 4.573 million shares of stock in its IPO, which would mean it hopes to sell its stock initially for $18.40 per share, once the SEC approves the offerin

Tags: Champ Car World Series, Finance, IndyCar

01/12/98
FOOTWEAR INDUSTRY'S FOURTH-QUARTER HIT; CFO LEAVES NIKE

The athletic-footwear industry "is expected to report lackluster fourth-quarter results, reflecting a continuing swing away from the traditional athletic look to other casual styles," according to Jos

Tags: Finance, Nike, The Sports Authority, Washington Nationals

01/12/98
TOPPS HITS BOTTOM? CARD COMPANY REPORTS QUARTER LOSS

Topps Co. reported a net loss for the third quarter, ended November 29, of $8.5M, or $0.18 a share, compared with a net loss of $18.5M, or $0.39 per share, a year-earlier. For the nine months ended No

Tags: Finance

01/12/98
SPORTSLINE USA REPORTS RECORDS IN WEB TRAFFIC AND 4Q REVENUE

SportsLine USA announced record revenue and site traffic for the fourth quarter ended December 31, ''97. Quarterly revenue increased to $4.4M, up 250% from the $1.3M in ''96''s same quarter. Traffic o

Tags: Finance

01/09/98
SPORTSLINE A NASDAQ MOVER AS IT KEEPS ITS EYE ON THE BALL

Shares in SportsLine USA "jumped" 26% on Thursday, closing at $17.125, following a "favorable recommendation from a Wall Street analyst," according to Thomas Granahan of the DOW JONES NEWS SERVICE. Ba

Tags: CBS, Finance, NCAA, Viacom

01/07/98
RAWLINGS REPORTS CONSECUTIVE YEAR-END LOSSES

MO-based Rawlings Sporting Goods lost $663,000 in the quarter that ended November 30, compared with a loss of $58,000 in the same period a year ago, according to the ST. LOUIS POST-DISPATCH. The loss,

Tags: Finance

01/06/98
FINANCE NOTES

Russell Corp. "warned fourth-quarter earnings may fall 50 percent to 60 percent from a year ago on sluggish holiday and fall sales" (N.Y. DAILY NEWS, 12/31)....Atop Dow Jones'' list of the industry''s

Tags: Finance

01/06/98
SARA LEE SELLS OFF TEXTILE OPERATION TO FOCUS ON MARKETING

IL-based Sara Lee will "sell the bulk of its US yarn and textile operations to privately-owned National Textiles," according to Nikki Tait of the FINANCIAL TIMES. The sale would cover nine of Sara Lee

Tags: Finance, Sara Lee

01/06/98
BRANDWEEK REPORTS SUITORS LINE UP FOR HOST COMMUNICATIONS

Fox, ESPN and CBS have "all expressed interest recently in buying part or all" of Host Communications, the sports marketing agency which handles NCAA corporate sponsorships, according to "reliable sou

Tags: CBS, ESPN, Finance, NCAA, News Corp./Fox, Viacom, Walt Disney

01/05/98
DREAM OF OWNING A PART OF CART? WITH IPO, NOW YOU CAN

CART has filed a registration statement with the SEC to sell 4,573,000 shares of common stock in an IPO. The company intends to use proceeds from the offering, to be underwritten by Jefferies & Compan

Tags: Champ Car World Series, Finance

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