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AutoNation Sponsors College Bowl Game, Will Raise Money For Breast Cancer Research

Published in SportsBusiness Daily on

Ft. Lauderdale-based auto retailer AutoNation on Thursday announced that it "will sponsor a college football bowl game starting next year, with a portion of proceeds going to the Breast Cancer Research Foundation," according to Doreen Hemlock of the South Florida SUN-SENTINEL. The AutoNation Cure B...

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Tags: Marketing and Sponsorship

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09/04/14
Stats LLC Buys Bloomberg Sports

Stats LLC has purchased rival sports data and analytics outfit Bloomberg Sports, the company's first major move for Stats since it was acquired in May by S.F.-based private equity firm Vista Equity Partners. The deal will combine the assets of Stats, which has built a global business in sports data ...

Tags: Stats LLC, Finance

09/03/14
FanDuel Closes $70M Round Of Venture Capital

FanDuel, a N.Y.-based daily fantasy sports company, has closed on a $70M Series D round of venture capital financing, a mammoth round that further highlights the explosive growth for daily fantasy sports. The round also arrives just days after DraftKings Inc., a key rival of FanDuel, closed on its o ...

Tags: Finance

08/28/14
SeatGeek Closes On $35M In VC Financing

N.Y.-based ticket search engine SeatGeek has closed on a $35M Series B round of venture capital financing, the latest inflection point of its accelerating growth. The round was led by noted Bay Area venture outfit Accel Partners, but also includes a large group of luminaries from the sports industry ...

Tags: Finance

08/20/14
Golf Sales Cut Into Dick's Profits

Women's and youth apparel "helped drive sales higher at Dick's Sporting Goods" in Q2, although "continued declines in the golf and hunting business cut into profits," according to Chris Fleisher of the PITTSBURGH TRIBUNE-REVIEW. Sales at its Golf Galaxy stores fell 9.3%, and the company "recorded pr ...

Tags: Finance, Dicks Sporting Goods

08/14/14
ClubCorp Acquires Sequoia Golf For $265M

ClubCorp Holdings yesterday said that it will "buy smaller competitor Sequoia Golf Holdings" for $265M in a deal that will "expand ClubCorp's portfolio of golf and country clubs by roughly 45%," according to Sara Germano of the WALL STREET JOURNAL. ClubCorp, which "went public in September, has an e ...

Tags: Golf, Finance

08/06/14
Disney Posts Record Q3 Despite ESPN

Skyrocketing sports-rights costs "caught up to ESPN last quarter, providing a setback in an otherwise stellar quarter for Walt Disney Co.," according to Ben Fritz of the WALL STREET JOURNAL. Hit by "a combination of higher costs" for MLB and the FIFA World Cup, as well as "a shrinking subscribe ...

Tags: Finance, ESPN

08/01/14
CDI Earns Record Quarterly Revenue

Churchill Downs Inc. posted Q2 net income of $57.3M on "record quarterly revenue" of $303.7M, according to Matt Hegarty of DAILY RACING FORM. All of CDI's major business segments "experienced growth" in the quarter, with racing revenue from its four tracks "up slightly" by 1%. Revenue from CDI's cas ...

Tags: Finance, Churchill Downs Inc.

07/31/14
Adidas Cuts FY '14 Outlook, FY '15 Targets

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Tags: Finance, Adidas

07/31/14
A-B Credits World Cup For Helping Q2 Profits

A surge of beer-drinking during the FIFA World Cup "boosted profits" at A-B InBev during Q2, "leaving the group optimistic about future sales after showcasing its brands to billions of people," according to Matthew Dalton of the WALL STREET JOURNAL. The company yesterday said that Q2 revenue rose 5% ...

Tags: Finance, Anheuser Busch

07/30/14
SMI Sees Slight Revenue Drop In Q2

Speedway Motorsports Inc. blamed bad weather at two races and a weak economy for a slight decline in revenue during Q2. The company reported revenue for the quarter of $175.9M, down from $176.8M for the same period last year. Revenue for the first half of the year was $260.4M, down from $261M i ...

Tags: Finance, Speedway Motorsports Inc.

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