Shamrock Looking To Sell Stake Of Learfield Learfield Sports Reportedly Up For Sale 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
Upcoming Conferences and Events
Featured Story
Shamrock Capital Looking To Sell Majority Stake Of Learfield 19 Months After Acquisition06 / 14 / 13Shamrock Capital Advisors, an L.A.-based private equity firm that owns the majority of Learfield, is looking to flip the college sports media and marketing agency. Shamrock acquired close to 80% of Learfield for $80M in December '11 and has begun the process of selling it after nearly 19 months of o... Tags: Finance |
More Stories
Nike Profit Shrinks 18% From Umbro, Cole Haan Losses
Nike’s fiscal Q2 profit “shrank 18% as results were weighed down by $137 million in losses tied to the sale of the Umbro and Cole Haan brands, masking strong demand for the athletic-goods giant's products,” according to John Kell of the WALL STREET JOURNAL. The company's “top ...
Oregon Passes Tax Security For Nike Expansion
The Oregon Legislature, “despite misgivings about a rushed, sweetheart deal,” approved a new law Friday that “gives Nike greater tax security as the company plans a multimillion dollar expansion in the state,” according to Harry Esteve of the Portland OREGONIAN. The bill pass ...
Sources: IMG Could Sell For $2B
Private equity firm Forstmann Little & Co. is “preparing to put its powerhouse sports agency IMG Worldwide up for sale next year,” and the sale “could fetch as much as $2 billion,” according to sources cited by Rachel Abrams of DAILY VARIETY. Sources said that Goldman Sa ...
WMG Acquires Canada-Based Catalyst Consulting
Wasserman Media Group "has expanded both its consulting business and its Canadian presence with the acquisition of Catalyst Sponsorship Consulting, a Toronto firm with golf expertise and relationships with large Canadian companies," according to Terry Lefton in this week's SPORTSBUSINESS JOURNAL. Ca ...
Tags: Finance, Wasserman Media Group
Initial Bids For AEG Due Friday
Initial bids are due Friday for AEG, financial sources said. AEG announced in September it was putting itself up for sale, and hired Blackstone Group to run the auction. A spokesperson for Blackstone declined comment; an AEG spokesperson did not return calls seeking comment. Blackstone in October se ...
Tags: Finance
Competitor Group Reportedly Selling For $250M
Private equity firm Calera Capital is buying endurance sports leader Competitor Group Inc. for close to $250M, sources said, ending a nine-month auction of the company. The CGI management team, led by CEO Scott Dickey, will remain in place as they move from working under one private equity fir ...
Tags: Finance
AMF Bowling Files For Bankruptcy Protection
AMF Bowling, the world's largest operator of bowling alleys, filed for bankruptcy-court protection yesterday “after being squeezed by a cash crunch and failing to find a buyer for its business,” according to Jacqueline Palank of the WALL STREET JOURNAL. The filing “marks AMF's seco ...
Tags: Finance
Henry's Firm To Cease Trading For Clients
Boca Raton, Fla.-based trading firm John W. Henry & Co., controlled by Fenway Sports Group Chair John Henry, “told clients it will stop managing their money at year-end amid dwindling assets and slumping returns," according to Gregory Zuckerman of the WALL STREET JOURNAL. Henry i ...
Tags: Finance, Fenway Sports Group, Boston Red Sox
Reebok Hurting Adidas Sales Numbers
adidas has so far had a "strong year as sponsorships of teams and individuals at big sporting events helped drive up sales and profit," but the company on Thursday "cut its sales forecast for 2012 because of further problems at Reebok," according to Nicky Redl of the WALL STREET JOURNAL. adidas acq ...
Disney's Q4 Growth Fueled By ESPN
Disney on Thursday “reported robust fourth-quarter growth,” while ESPN -- “as usual -- gave the entertainment conglomerate its biggest boost,” according to Brooks Barnes of the N.Y. TIMES. The operating income of Disney’s "cable television division, centered on ESPN and ...



