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Finish Line Reports Dip In Q4 Earnings Despite Uptick In Revenue

Published in SportsBusiness Daily on 03 / 27 / 15

Finish Line reported a decline in Q4 earnings and "warned that profits in the current year may miss expectations," as the sports-apparel retailer has "struggled lately in a retail environment dogged by more promotions and lower mall traffic." The company's earnings fell 5% to $40.8M despite revenues...

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Maple Leafs Keep Ticket Prices Flat

Maple Leafs President Brendan Shanahan in a letter that went out this morning to season-ticket holders wrote that the Leafs "will not raise ticket prices for next season," according to Stephen Whyno of the CP. It is the "fifth time in seven years all ticket prices will remain the same across the boa ...

Tags: Franchises, Toronto Maple Leafs, NHL

Hurricanes Change Season-Ticket Options

Hurricanes full-season ticket holders "will receive more benefits and rewards than those of mini-plan holders" in '15-16, according to Chip Alexander of the Raleigh NEWS & OBSERVER. Among those benefits are "access to 'Inside the Front Office' calls with management, an annual full-season ticket- ...

Tags: Franchises, Carolina Hurricanes, NHL

NBA Kings Add Vlade Divac To Front Office

The NBA Kings yesterday named former NBAer Vlade Divac VP/Basketball & Franchise Operations ( Kings ). In Sacramento, Ailene Voisin notes Divac’s duties will “consist of advising” Managing Partner Vivek Ranadive, “members of the front office directed” by GM Pete D&r ...

Tags: Franchises, Sacramento Kings, NBA

Indians Sell Out 23rd Straight Home Opener

In Cleveland, Zack Meisel reported Progressive Field "will be packed to capacity on April 10 for the Indians' home opener," as the team yesterday morning "sold out its first game in 11 minutes." It "marks the 23rd consecutive Opening Day sellout for the Tribe and the 22nd in a row since the club mov ...

Tags: Franchises, MLB

Braves Borrowed $100M In '14 For New Ballpark

Liberty Media, the company that owns the Braves, said that revenue and operating profit for the club "declined last year, while the team borrowed" about $100M for its new stadium, according to Tim Tucker of the ATLANTA JOURNAL-CONSTITUTION. In a report filed with the SEC late last week, Liberty ...

Tags: Atlanta Braves, MLB, Franchises

Orlando City SC Sells Out MLS Debut

MLS expansion club Orlando City SC Founder & President Phil Rawlins announced yesterday that the team "has sold out" its MLS debut at the Citrus Bowl on Sunday against NYC FC, according to Paul Tenorio of the ORLANDO SENTINEL. It is "unclear what the official stadium attendance will be," bu ...

Tags: Franchises, Orlando City SC, MLS

Roseman Moves To Business Side Of Eagles' HQ

Eagles Exec VP/Football Operations Howie Roseman's office recently was "moved from the football operations end of the NovaCare Complex to the business side," a possible indication of the former GM's "lessening involvement with decisions related to the team," according to sources cited by Jeff McLane ...

Tags: Franchises, Philadelphia Eagles, NFL

Chiefs' Hunt Wants Super Bowl In K.C.

The Chiefs next season will play a "home" game in London against the Lions , and Chair & CEO Clark Hunt "remains hopeful" his team’s decision will help them eventually land a Super Bowl, according to Terez Paylor of the K.C. STAR. The NFL recently amended a resolution that "requires ...

Tags: Franchises, NFL, Kansas City Chiefs

Report: Handful Of Suitors Chasing Nets

A handful of potential suitors in the U.S. and abroad "are interested in making a play" for the Nets as the auction for Mikhail Prokhorov's franchise "gears up," according to Kosman & Atkinson of the N.Y. POST. Chinese conglomerate Fosun and the Qatari government’s investment fund "have si ...

Tags: Franchises, Brooklyn Nets

Red Bulls-NYC FC Rivalry Starts To Bud

From this week's SBJ : High Stakes As NYC FC Takes To Field Orlando City SC Out To Defy Expectations Markets Make Case For Next Expansion The Red Bulls "have been playing" in the N.Y. area for 20 years, but MLS and incoming expansion team NYC FC believe that ther ...

Tags: Franchises, New York Red Bulls

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