Upcoming Conferences and Events

Featured Story

VF Corp. Mum On Potential Sale Of Majestic To Under Armour In Wake Of MLB Uniform Deal

Published in SportsBusiness Daily on 12 / 06 / 16

Shortly after MLB yesterday formally  announced Under Armour as its uniform provider starting in '20, current rightsholder VF Corp. said that it is in "ongoing, productive talks" with MLB with a collective goal to ensure that its Palmer Township, Pa., facility -- home to the Majestic brand -- ...

Read More

Tags: Finance, Under Armour, Majestic Athletic, VF Corp., MLB

More Stories

Nike's Q3 Profits Grow By 20%

Nike earned $950M in Q3, 20% "more than last year" and nearly $100M "more than analysts' consensus expectation," according to Jeff Manning of the Portland OREGONIAN. The company's $8B in sales for the quarter, while up 8% over last year's Q3, "fell short of the" $8.2B consensus analyst expectation. ...

Tags: Nike, Finance

Under Armour BOD Approves Stock-Split Plan

The Under Armour BOD has "approved the issuance of a new class of stock that will ultimately be a 2-for-1 stock split for shareholders," according to Ryan Sharrow of the BALTIMORE BUSINESS JOURNAL. The Class C stock will be "issued through a stock dividend." Under the split, UA will "dole out o ...

Tags: Finance, Under Armour

DraftKings To Pay Other's Cash Liabilities

DraftKings on Thursday pledged to cover the full cash balance liabilities owed to thousands of former FantasyHub players as well as the full amount due to each of nearly 100 charities, in connection with FantasyHub's past pledge to donate a percentage of contest fees to those organizations. DraftKin ...

Tags: Finance

NASCAR Track Ticket Revenues Fall Again For '15

The three public companies that operate NASCAR racetracks "reported a tick downward in ticket revenues" in '15, according to Bob Pockrass of ESPN.com. ISC, SMI and Dover Motorsports "combined to sell" $238.8M in tickets in '15, down from $239.2M in '14. The figures include tickets for non-NASCAR eve ...

Tags: NASCAR, Finance

NBC Sports Helps Whistle Sports VC Funding

Youth sports programmer Whistle Sports has closed on a $20M Series C round of venture capital financing, continuing an acceleration for the N.Y.-based outfit. Tegna Inc., the broadcast and digital spinoff of what was the former Gannett Co., helped lead the Whistle Sports funding, along with NBC Spor ...

Tags: Finance

Dick's Eyes Sports Authority's Former Markets

Dick's Sporting Goods Chair & CEO Ed Stack yesterday said that the company "will make an 'aggressive' push into markets where Sports Authority is planning to jettison stores after filing for bankruptcy," according to Chris Fleisher of the PITTSBURGH TRIBUNE-REVIEW. Stack said that Dick's "may ac ...

Tags: Dicks Sporting Goods, Finance, Sports Authority

Sports Authority Examining Bankruptcy Options

As Sports Authority "sails into the choppy waters of Chapter 11 bankruptcy protection, the troubled sporting goods retailer and its creditors are exploring two options: Give a buzzcut to $1.1 billion in unwieldy, outstanding debt; slim down the operations; and emerge lean and competitive" or "s ...

Tags: Finance, Sports Authority

Adidas Eyes Strong '16 Forecast

adidas today said that it "expected sales and net profit to rise at a fast pace" in '16, helped by "aggressive marketing and big events" like the UEFA Euro '16 and the Rio Games, according to REUTERS. The upbeat forecast "came as the company reported a fourth-quarter net loss" of about $48M (all fig ...

Tags: Adidas, Finance

Leonsis Starts Sports Tech Venture Capital Fund

Monumental Sports & Entertainment Founder Ted Leonsis is starting a $10M venture capital fund to "invest in tech startups with the potential to change the way we watch and experience sports," according to Robert Terry of the WASHINGTON BUSINESS JOURNAL. Leonsis "revealed his plans ...

Tags: Finance

Sources: Sports Authority Considers Selling To Dick's

Sports Authority, which is reportedly preparing to file for bankruptcy , has "discussed selling stores and intellectual property to rival chain Dick's Sporting Goods" and other parties, according to sources cited by Lauren Coleman-Lochner of BLOOMBERG NEWS. A source said that the Dick's transaction ...

Tags: Finance, Sports Authority, Dicks Sporting Goods

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug