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Dalian Wanda Group Buys Ironman Triathlon Owner From Providence Equity For $650M

Published in SportsBusiness Daily on 08 / 27 / 15

China-based Dalian Wanda Group today said that it has "bought the organiser of Ironman Triathlon races" for $650M in a "diversification push that the property developer said may involve another sports purchase by year-end," according to Zhang & Miller of REUTERS. Wanda bought World Triathlon Cor...

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TLA Worldwide Acquires Elite Sports Properties

Talent agency TLA Worldwide today announced the acquisition of Elite Sports Properties in a deal worth up to $19.5M. Under terms of the deal, TLA is paying an initial $10.3M for the Australia-based agency. The amount will be split up into a cash payment of $7.7M along with the allocation of more tha ...

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Mobile Fantasy Company Closes VC Funding

New York-based daily fantasy sports company Draft has closed on a $3.5M Series A round of venture capital funding, led by California-based Upfront Ventures. Draft offers a mobile-oriented, more casual daily fantasy product, described by company executives as a Words With Friends for fantasy sports b ...

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Discovery, Liberty Get Formula E Stake

Discovery Communications and Liberty Global on Monday "unveiled a deal to take a stake in the company behind the Formula E electric racing circuit after previously looking at a deal for Formula One," according to Georg Szalai of the HOLLYWOOD REPORTER. Financial details were not disclosed. Howe ...

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SMI's Admission Revenue Down 5% in '14

Speedway Motorsports Inc. reported a $5.3M decrease in admission revenue across its eight tracks in '14, trending with lower attendance overall for NASCAR events last year, according to SMI officials. Some events were affected by weather at events held at Bristol Motor Speedway and Texas Motor Speed ...

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Adidas Expects "Robust" Sales Growth

As adidas' golf business improves and consumer confidence recovers, the company "expects robust sales growth" in '15, and net profit "should rise faster still despite exchange rate hits and higher marketing spending," according to Emma Thomasson of REUTERS. Thanks to "strong momentum at its main Adi ...

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Winter Weather Slows Sales For Dick's

Dick's Sporting Goods yesterday said that Q1 of its fiscal year is "off to a slow start in part because of the freezing temperatures and snow that have disrupted shopping patterns across many states," according to Teresa Lindeman of the PITTSBURGH POST-GAZETTE. Additionally, West Coast port labor is ...

Tags: Finance, Dicks Sporting Goods

Tony Khan Buys TrueMedia Networks

Jaguars Senior VP/Football Technology & Analytics Tony Khan has purchased Massachusetts-based sports analytics firm TruMedia Networks. The deal that follows a Series A venture funding round for the company that Khan led in late ’13. The purchase is slated to be formally announced at this w ...

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CDI's '14 Net Income Down 16% From '13

Churchill Downs Inc. "reported lower net income" for '14, but its revenue for the year "was a record," according to Marty Finley of LOUISVILLE BUSINESS FIRST. Net income for the year fell 16% from '13 to $46.4M. Revenue for the year rose 4%, to $812.9M. The racing and gaming company for Q4 "rep ...

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Carlyle Group Buying PrimeSport From Clearlake

Private equity fund Carlyle Group is buying PrimeSport Holdings, which sells tickets, suites and hospitality packages to events ranging from the Final Four to tennis Grand Slams. Carlyle is joined by former Padres Vice Chair & CEO Jeff Moorad and RSE Ventures, the sports holding company of Dolph ...

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Puma Misses Q4 Earnings Estimates

Puma's Q4 earnings "missed estimates, adding to investor misery after a slump in the share price last year," according to Aaron Ricadela of BLOOMBERG NEWS. A recovery program being introduced by Puma CEO Bjorn Gulden "has yet to be reflected in the share price," which declined 27% in '14. Gulde ...

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