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NBA Sends Draft Lottery Issue To Committee For More StudyPublished in SportsBusiness Daily on 10 / 22 / 14
NBA Commissioner Adam Silver today said that owners have sent back the issue of draft lottery reform to the league's competition committee for additional study with a need to find the right balance between creating appropriate incentives and allowing a draft to work as it should. He also addr...
Puma saw sales last year climb almost 12% to "about" $299M, according to the FINANCIAL TIMES. However, it warned yesterday that growth this year and next would be slowed by the Asian financial crisis.
Reebok Int''l, citing "difficult industry conditions," said it will take a pretax restructuring charge of $25M to $35M in the current quarter, according to Jon Auerbach of the WALL STREET JOURNAL. Ree
Callaway Golf announced that its net sales in the year ended December 31, ''97 increased 24% to $842.9M over the previous year''s net sales of $678.5M. The company also announced that it had a net inc
Walt Disney reported net income of $755M, or $1.10 a share, on revenue of $6.34B for the quarter ended December 31, ''97, according to Bruce Orwall of the WALL STREET JOURNAL. That compares with the n
Cablevision Systems Corp., "in a bid for more of New Yorkers'' entertainment dollars," yesterday offered "about" $95M for the "troubled" Nobody Beats The Wiz chain, according to James Madore of NEWSDA
JumboSports Inc. announced that it will "continue to slim down, closing 18 of its 77 stores" and taking a $35- $45M "restructuring charge," according to Aissatou Sidime of the TAMPA TRIBUNE. The moves
SportsLine USA has agreed to acquire GolfWeb in exchange for approximately 860,000 shares of SportsLine USA common stock. As of January 14, the stock was valued at about $14.85M. GolfWeb will operate
adidas Chair Robert Louis-Dreyfus "pledged" that the company''s acquisition of Salomon "would lead to no significant job losses" (FINANCIAL TIMES, 1/13)...The Sports Authority''s stock hit a 52-week l
L.A. Gear has filed for "reorganization under Chapter 11," according to James Peltz of the L.A. TIMES. The company made the filing "after reaching a restructuring pact with a group representing holder
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