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College Bowl Season Set To Begin, Including New Game In Montgomery

Published in SportsBusiness Daily on 12 / 19 / 14

The ’14-15 college bowl season kicks off tomorrow with five games. Financial documents filed this summer by New Orleans Bowl Inc. indicated that last year's R+L Carriers New Orleans Bowl generated $3.77M in revenue, with 58% of that via ticket sales. Last year's game drew its third straigh...

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10/10/13
Nike Expects Revenue Of $36B By '17

Nike CEO Mark Parker's revenue forecast of $30B by FY '15 and $36B by FY '17 was the "top announcement among several key predictions made" yesterday during the company's Investor Day, according to Allan Brettman of the Portland OREGONIAN. Nike VP & GM of Global Basketball Craig Zanon said that w ...

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10/10/13
IMG Bidders Down To 10

Bankers for IMG have "cut to 10 the list of suitors" for the talent agency, according to Atkinson & Kosman of the N.Y. POST. Sources said that IMG, set to sell for around $2B, "initially attracted about two dozen bidders ... before the list was cut for a second round." Those "crossing the first ...

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10/03/13
ISC Sees Slight Boost In Q3 Revenue

International Speedway Corp. credited stabilizing ticket and sponsorship sales with boosting its Q3 revenue to $117M, a 1% increase from the same period last year. Total revenue for the first nine months of the year is up slightly from $422.9M in '12 to $423.9M this year. ISC Vice Chair & CEO Le ...

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09/27/13
Nike's Q1 Sales Increase In Europe, North America

Nike's North American sales for its Q1 that ended Aug. 31 increased 9% to $3.1B, one of the "few recent quarters where sales in the geography were not up by double digits," according to Allan Brettman of the Portland OREGONIAN. Nike's North American region "had nine consecutive quarters of double-di ...

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09/26/13
First Round Of IMG Bids Due Next Week

The first round of bids to buy IMG are due next week, according to sources familiar with the sales plan for the company. Buyers interested in acquiring the sports and entertainment firm have been asked to submit interest documents between Monday and Wednesday. Initial offers will be reviewed by a to ...

Tags: Finance, IMG

09/18/13
CVC Capital Plans Joint IMG Bid

F1 commercial rights holder CVC Capital has "joined forces" with Mumtalakat Holding Co., which is owned by the Kingdom of Bahrain, to "bid for IMG," according to Mark Kleinman of SKY NEWS. A source said that CVC would "form a consortium in which it would hold a 60% stake in IMG, while Mumtalakat and ...

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09/16/13
KKR, New Mountain Pursuing IMG

Private equity firm KKR "has teamed up with New Mountain Capital LLC to bid for IMG," according to sources cited by Roumeliotis, Kim & Damouni of REUTERS. Sources said that KKR and New Mountain "would be competing for IMG" against talent firms CAA and William Morris Endeavor. While KKR "may not ...

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09/11/13
Nike Added To Dow Jones Industrial Average

The addition of Nike to the Dow Jones Industrial Average is "a testament to the company’s ability to shrug off hard times and transcend its U.S. origins," according to Matt Townsend of BLOOMBERG NEWS. Nike "will join the 30-member gauge when the market opens on Sept. 23," along with Goldman Sa ...

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09/11/13
Aramark Files For IPO To Pay Off Debt

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09/10/13
ScoreBig.com Closes $10M Round Of Financing

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