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Blue Star Sports Continues Growth In Youth Athletics; May Buy Another 15-20 Companies

Published in SportsBusiness Daily on 09 / 18 / 17

In about a year and a half, Jerry Jones-backed Blue Star Sports has “become a force in the youth sports industry, with ties to some of the biggest names in professional sports,” according to Melissa Repko of the DALLAS MORNING NEWS. Blue Star Sports has raised more than $200M in funding ...

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Former MLBers Launching Private-Equity Fund

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Under Armour Changing Stock Ticker Symbols

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Dick's Keeping 22 Sports Authority Stores

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ESPN Financials Lower In Disney's Q4

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Tags: Finance, Walt Disney, ESPN

New Adidas CEO Scales Back Struggling Reebok

adidas will "scale back its struggling Reebok unit, highlighting the urgency being applied" by new CEO Kasper Rorsted to "turn around a business that’s weighed on the sporting-goods maker for years," according to Ricadela & Jarvis of BLOOMBERG NEWS. Rorsted on Thursday "unveiled plans  ...

Tags: Adidas, Reebok, Finance

Adidas Reports Higher-Than-Expected Q3 Earnings

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Intel Signs Deal To Acquire VR Company Voke

Silicon Valley giant Intel has signed a definitive agreement to acquire virtual reality company Voke, further expanding its interests in sports. Intel in March led a $12.5M Series A round of venture capital funding for Voke, and less than eight months later, has acquired Voke outright, buying out ...

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Battle At Bristol Helps SMI's Q3 Earnings

SMI this morning announced a mixed bag for its Q3 earnings report, as admissions revenue for core events was down but profit from non-core events was up sharply on the back of the Battle at Bristol college football game. For the quarter ended Sept. 30, total revenue was $170.7M, up 16% from last yea ...

Tags: Finance, Speedway Motorsports Inc.

Kevin Plank Tries To Quash Investor Fears

Under Armour Founder, Chair & CEO Kevin Plank yesterday "attempted to quash investor fears" as  UA's stock fell , "saying the company is still growing fast just not at a pace as previously projected," according to Holden Wilen of the BALTIMORE BUSINESS JOURNAL. UA CFO Chip Molloy told ...

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Under Armour Has Slowest Sales Growth In Six Years

Under Armour this morning "reported its slowest quarterly sales growth in six years, hurt by slowing growth in North America, its biggest market," according to Kuruthukulangara & Ganesan of REUTERS. Research agency Conlumino retail analyst Carter Harrison said that although net sales in Nor ...

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