MJ's Son Partners With Tech Startup WaitTime Nike Posts Solid Q3 Amid Adidas Resurgence GoPro To Cut 270 Full-Time Jobs Dodgers Owner Leads $100M DraftKings Investment Adidas' CCM Hockey Brand Up For Sale Again Dick's Ed Stack Outlines Plan To Grow Market Share SMI's Total Revenue For FY '16 Up 3% Churchill Downs Inc. Net Income Of $108.1M In '16 Sources: Adidas Struggles With TaylorMade Sale Minute Media Closes On $15M Investment Round
Jordan Avakian Group Partnering With Tech Startup WaitTime, Acquires Stake In CompanyPublished in SportsBusiness Daily on 03 / 23 / 17
Jordan Avakian Group, co-founded by Jeffrey Michael Jordan and Sevan Avakian, has "acquired private equity" in Detroit-based crowd-science startup WaitTime for an "undisclosed amount," according to Tyler Clifford of CRAIN'S DETROIT BUSINESS. WaitTime uses "artificial intelligence technology to provi...
CO-based The North Face Inc. "will be taken private" by L.A.-based investment firm The Leonard Green & Partners and North Face CEO James Fifield, according to Robert Schwab of the DENVER POST. The Leo
Herb Allen Jr.''s investment banking company, Allen & Co., "is considering launching a sports and entertainment company to compete with the likes" of IMG and SFX Entertainment, according to Josh Gotth
SFX Entertainment reported a year-end loss of $68.7M, compared with a $3.8M profit from a year ago, as the company spent $1.5B in acquisition costs, according to Jay Sherman of the HOLLYWOOD REPORTER.
The Venator Group promoted Bruce Hartman to CFO & Senior VP, following the resignation of Reid Johnson from both positions, according to the WALL STREET JOURNAL. Johnson''s move followed a "debt-ratin
CA-based Oakley has named a new President and reported an increase in fourth-quarter earnings, according to Kirsten Searer of the ORANGE COUNTY REGISTER. Oakley promoted Colin Baden from VP/Design to
NY-based Family Golf Centers "lost almost half its market value" yesterday, "plummeting 5 15/16, or 44%, to a 52-week low of 7 1/2," according to the WALL STREET JOURNAL. FGC said its fourth-quarter e
Florida Panthers Holdings (FPH) wants shareholders to invest $30M in FPH that "would go toward paying off debt from hotels the company acquired as it has evolved from a sports franchise into a resort
NJ-based Princeton Video Image (PVI) reported revenues of $164,292 for the second quarter of ''99, compared with $201,974 in the same quarter a year ago. PVI had a net loss of $2.1M, or $.26 per share
NC-based Champion Products, a division of Sara Lee, "has laid off 12 people" in Winston-Salem, NC, and "will cut 48 more jobs" there over the next several months, according to Eleni Chamis of the WINS
IMG/Chase Sports Capital Partners agreed to buy an 80% stake of Skip Barber Racing School for between $25-35M, according to Daniel Kaplan of the SPORTSBUSINESS JOURNAL. The investment in the school is