Asics America Enjoys Strong '14 Adidas Aims To Grow Profits By 15% Annually Norman's Company Opens Investment Arm Wilson Purchases Louisville Slugger FIFA Makes Record Revenue Of $2B TLA Worldwide Acquires Elite Sports Properties Mobile Fantasy Company Closes VC Funding Discovery, Liberty Get Formula E Stake SMI's Admission Revenue Down 5% in '14 Adidas Expects "Robust" Sales Growth
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StubHub Sues Warriors, Ticketmaster Over Resale RestrictionsPublished in SportsBusiness Daily on 03 / 30 / 15
StubHub yesterday filed a federal antitrust suit against Ticketmaster and the Warriors, alleging the pair illegally conspired to force season-ticket holders of the NBA team to only use a Ticketmaster-powered market for ticket resale and restrict consumer choice. The lawsuit claims listings of Warrio...
CA-based Lynx Golf has "obtained a $3.55 million bridge loan" from Union Planters Bank of St. Louis, according to the SAN DIEGO UNION-TRIBUNE. The loan was "secured" by the company''s assets and is du
FORBES'' Peter Spiegel examines consolidation in the sports marketing business and writes that "small two- or three-lawyer shops" are an "endangered species." Spiegel: "Pushing the consolidations is t
While "knowledgeable sources" say that Nike could lay off 1,500 of its employees, "the company said it hadn''t determined how many people would be let go or where," according to Jeff Manning of the Po
Nike announced that it expects its third quarter earnings ending February 28 to be between $.24 to $.28 per share, below the First Call estimate of $.38 per share. Nike added that its earnings for the
Comcast Corp. reported "much wider losses" for its fourth quarter of ''97 and the full year ended December 31, although annual revenues increased 21.6%, according to Richard Morgan of VARIETY. Comcast
Reebok plans to cut 500 administrative jobs in the first quarter, or 10% of its work force, "as part of a multimillion-dollar restructuring to reduce costs," according to a wire report in the BOSTON G
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