Featured Story

Judge Dismisses Lawsuit Against NFL Over Painkiller Distribution

Published in SportsBusiness Daily on 12 / 17 / 14

A federal court judge today dismissed a lawsuit against the NFL brought by former players alleging the league failed to oversee the distribution of prescription painkillers. Judge William Alsup ruled that the lawsuit was preempted by federal labor law, as the NFL had contended, because the pl...

Read More

More Stories

03/20/14
Analyst: Phil Jackson Hire Good News For MSG Stock

ISI Media Managing Dir David Joyce is "reiterating his 'buy' rating on the stock of the Madison Square Garden Company" after Phil Jackson was hired to be Knicks President, according to Eriq Gardner of the HOLLYWOOD REPORTER. Joyce is "upping his average attendance estimate" from 95% to 96% and ...

Tags: Madison Square Garden, New York Knicks, NBA, Finance

02/28/14
Moody's Gives WME IMG B2 Credit Rating

Moody’s Investor Service gave WME IMG a B2 credit rating and said the new company’s outlook was stable. The B2 rating reflected what Moody’s said was WME IMG’s “very high leverage of 7.6x” and the “challenges of integrating a larger company and achieving sub ...

Tags: Finance

02/27/14
CDI Net Income Drops 5% In '13

Churchill Downs Inc. had net income of $55M in '13, down 5% compared with net income of $58.3M in '12, while "posting record revenues for the third year in a row," according to Matt Hegarty of DAILY RACING FORM. Revenue for the year rose 7% to a record $779.3M, with "the gain due entirely to higher ...

Tags: Finance, Churchill Downs Inc.

02/14/14
Bauer Purchases Easton-Bell Baseball/Softball

Bauer Performance Sports has purchased the baseball and softball business of Easton-Bell Sports for $330M in an all-cash deal. The transaction is slated to close in the next 30-60 days. Bauer will own the Easton brand name as well, but will continue to allow Easton-Bell to use it for its hockey and ...

Tags: Bauer Inc., Easton, Finance

02/04/14
Learfield Sports Acquires Nelligan Sports

Learfield Sports has acquired Nelligan Sports, a deal that will move all of Nelligan’s 41 college properties under the Learfield banner and further consolidate the college sports marketing space. Learfield and Nelligan finalized the deal yesterday after months of negotiations and an announceme ...

Tags: Finance

01/28/14
ISC Q4 Revenue Flat With '12

Despite rain delaying NASCAR’s race at ISC’s Chicagoland Speedway last September, the company posted quarterly revenue flat with a year earlier. ISC reported Q4 revenue of $188.7M, compared to $189.4M for the same period in '12. Ticket revenue for the quarter fell to $37.9M from $40.1M d ...

Tags: Finance, International Speedway Corp.

01/03/14
WME Faces Daunting Task In IMG Acquisition

Skeptics in Hollywood believe WME and Silver Lake "vastly overpaid" for IMG, while some "predict a massive learning curve" for WME co-CEOs Ari Emanuel and Patrick Whitesell as they "grapple with more than a dozen businesses in 30-plus countries," according to Sun & Masters of the HOLLYWOOD REPOR ...

Tags: Finance, IMG, William Morris Endeavor

12/20/13
IMG Acquisition Could Take Up To Six Months

William Morris Endeavor’s acquisition of IMG will take three to six months to complete. During that time, IMG will continue to operate as an independent company. WME co-CEOs Ari Emanuel and Patrick Whitesell are slated to run the business after the deal is completed. They plan to continue to u ...

Tags: IMG, Finance

12/20/13
Nike Q2 Profit Rises 40%

Nike's Q2 profit "jumped 40%, with a surge in Western Europe sales, as well as growth in North America and greater China, helping to drive" results, according to Michael Calia of the WALL STREET JOURNAL. The company for the quarter ended Nov. 30 "reported a profit of $537 million, or 59 cents a shar ...

Tags: Finance, Nike

12/19/13
WME Execs To Meet With IMG College

Sources said that William Morris Endeavor co-CEOs Patrick Whitesell and Ari Emanuel are expected to visit IMG College HQs in Winston-Salem, N.C., today to see the operation and meet further with IMG College President Ben Sutton. The most immediate question facing WME in the aftermath of its $2. ...

Tags: Finance, William Morris Endeavor, IMG

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug