Van Wagner Sports Invests In CineSport Puma Reports Decline In Q1 Earnings ESPN Helps Boost Disney's Q2 Income IMG Reportedly Rejected $2B Bid SMI Reports Loss Of $1.3M For Q1 Callaway Golf Sees $42M Q1 Profit UA Exceeds Q1 Earning Expectations IMG Golf Acquires IGP S&E Sources: CAA Prepping Bid For IMG IMG Memo: Do Not Discuss Company's Sale
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Van Wagner Sports Makes Minority Investment In Winik's CineSport05 / 17 / 13Marketing and sales outfit Van Wagner Sports & Entertainment has made a low seven-figure, minority equity investment in CineSport, a New Jersey-based online sports video company. CineSport, founded and run by former NBA exec Gregg Winik, provides video content to many local and national news org... Tags: Finance |
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Mandalay Baseball Properties Stake For Sale
Seaport Capital, which includes a majority stake in Mandalay Baseball Properties, is “selling its share of the holding company that owns five minor-league baseball teams, including half" of the Yankees’ Triple-A affiliate, according to Scott Soshnick of BLOOMBERG NEWS. Game Plan Chair Bo ...
Spire Looks To Sell JMI Stake
Spire Capital Partners is "shopping its majority stake in Indianapolis-based Just Marketing International, the motorsports agency that works across Formula One, NASCAR and IndyCar," according to Tripp Mickle of SPORTSBUSINESS JOURNAL. The private equity group, which bought 50% of the agency five yea ...
Tags: Finance
Li-Ning Reports Losses, Scales Back Operations
Chinese sportswear company Li-Ning reported “a deeper-than-expected annual loss, its first in nearly a decade as a listed company, but said its bottom line should improve this year as it scales back inventory and overhauls its image,” according to Chu & Burkitt of the WALL STREET JOU ...
Nike's Q3 Shows Drops In China
Nike on Thursday reported a 16% profit for its Q3 ending Feb. 28, but "a huge percentage of the company's discussion with stock analysts" focused on "a slowdown in China,” according to Allan Brettman of the Portland OREGONIAN. Nike’s growth in the country has been “on a torrid pace ...
AEG Preps Acquisition Strategy
AEG Chair Philip Anschutz is “prepping a fresh acquisition strategy for AEG Worldwide,” according to Claire Atkinson of the N.Y. POST. Anschutz and his execs are “huddling to finalize a strategy on how best to grow AEG at home and abroad.” Sources said that the plan “co ...
Tags: Finance, Anschutz Properties
SMI Sees Total Revenues Drop In '12
Declines in ticket sales, the loss of Infineon’s naming-rights deal in Sonoma and a reduction in Sirius’ radio rights fees pushed SMI’s total revenues down 3% in '12. The company still managed to generate a profit, largely because of a one-time loss of $48.6M it recorded in '11. SM ...
Tags: Finance, Speedway Motorsports Inc.
Dick's Sporting Goods Leading Sector
Dick's Sporting Goods, which operates 511 stores nationwide and has "enjoyed 17% sales growth, on average, for the past 10 years," is "leaving the competition in the dust," according to Christopher Williams of the WALL STREET JOURNAL. The company "has an 8.5% market share, ahead of rival Foot Locker ...
Tags: Dick's Sporting Goods, Finance
Colony Capital Reportedly Leads AEG Bidding
Colony Capital Founder, Chair & CEO Tom Barrack has “taken the lead in the auction” for AEG after Guggenheim Partners “dropped out of the bidding,” according to sources cited by Saitto & Fixmer of BLOOMBERG NEWS. A source said that Lakers investor Patrick Soon-Shiong, ...
Tags: Finance, Anschutz Properties
Fortune Profiles Guggenheim Partners
Guggenheim Partners’ “eye-popping Dodgers acquisition has been only one of a handful drawing ever more attention to the firm,” and the N.Y.- and Chicago-based operation “has been turning up everywhere” in L.A., according to Cendrowski & Bandler in a FORTUNE cover st ...
Tags: Finance, Los Angeles Dodgers
Latest AEG Bids Reportedly Less Than $7B
The latest bids for AEG are "coming in at the low end of the expected price range and well below the company’s lofty asking price," according to Claire Atkinson of the N.Y. POST. AEG Chair Philip Anschutz "expected to fetch" $6-8B. But sources said that "at least two suitors that made it to th ...
Tags: Finance, Anschutz Properties
