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Prosecutors, Defense Attorneys In Talks To End Ecclestone Trial

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Prosecutors and attorneys for  Bernie Ecclestone are "in talks about a possible deal to end" the F1 CEO's bribery trial in Germany. His defense team today called for "proceedings to be closed, citing a lack of evidence that Ecclestone was criminally responsible and asserting that the proc...

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05/20/97
AVP'S MANHATTAN BEACH EVENT FACING PAID SEATING OBSTACLES

The CA State Coastal Commission voted last week to "nix" paid seating at June''s AVP Manhattan Beach event, which has led the AVP to "say they may pull up their nets and leave local beaches if they ca

Tags: Leagues and Governing Bodies

05/20/97
ADVANTAGE INTERNATIONAL ACQUIRED BY INTERPUBLIC GROUP

The Interpublic Group of Companies, Inc. (IPG) announced the acquisition of Washington, DC-based Advantage International and a majority stake in London-based API Group, marking its move into the field

05/20/97
FRANCHISE NOTES

In Houston, Harris County Commissioners will likely not vote on the $5M package the Oilers have offered to be released from their Astrodome lease until June 3 (HOUSTON CHRONICLE, 5/20)....In Hartford,

Tags: Edmonton Oilers, Franchises

05/20/97
TIGER, PART II: WOODS FELT "COMFORTABLE" WITH AMEX DEAL

Tiger Woods said a key component of his corporate partnership with AmEx was the company''s $1M contribution to the Tiger Woods Foundation. Woods said AmEx "saw the importance of the Tiger Woods Founda

Tags: American Express, Acushnet, Nike

05/20/97
USOC AND SLOC FORM JOINT MARKETING VENTURE

The USOC and SLOC have formed a joint venture, Olympic Properties of the U.S. (OPUS), to develop long-term sponsorship packages that "max out as high" as $300M, according to Terry Lefton of BRANDWEEK.

Tags: CBS, NBC, Olympics, OPUS, SLOC, USOC, Viacom

05/20/97
SAN DIEGO TO NFL: QUAL-COMM BACK NOW, YA' HEAR

With the "backdrop of Qualcomm Stadium''s nearly completed concrete shell behind him," Chargers Owner Alex Spanos told NFL Commissioner Paul Tagliabue and a crowd of on-lookers that San Diego "wants t

Tags: Facilities, NFL, San Diego Chargers

05/20/97
GREATER TV EXPOSURE NEEDED FOR HARNESS RACING IN SOUTHERN CA

The state of harness racing in Southern CA was examined by Bill Christine of the L.A. TIMES. While "in some respects, the numbers look healthy," Christine writes that "profits at the major" Southern C

Tags: Leagues and Governing Bodies

05/20/97
NAMES IN THE NEWS

The L.A. TIMES reports this morning that PAUL ALLEN has reached an agreement to sell his 55% stake in Ticketmaster Corp. to Home Shopping Network Inc. (L.A. TIMES, 5/20)....A three-way merger between

Tags: Cleveland Indians, Brooklyn Nets, People and Pop Culture, Ticketmaster, YankeeNets

05/20/97
FACILITY MEASURES FAIL AS MN LEGISLATURE ADJOURNS FOR RECESS

The Twins'' stadium proposal "fizzled" on Monday as bills in the MN House and Senate "directing the Legislative Commission on Planning and Fiscal Policy to study financing for a new ballpark failed to

Tags: Facilities, Minnesota Twins, NHL

05/20/97
FORMULA ONE IPO COULD BE FLOATED BY JULY

Bankers for Formula One''s said the organization could float on the London stock market for between $2.4B and $3.2B before the British Grand Prix in July, according to John Griffiths in the FINANCIAL

Tags: Formula One, Leagues and Governing Bodies, Washington Nationals

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