Quote of the Day
"If the Opening Ceremony was the wedding, then we're the wedding reception. We're the one where everyone gets out of their cars at the village hall, goes 'Wasn't that lovely, everyone looked great, let's put on Blame It On The Boogie and have a laugh."-- Closing Ceremony Music Dir David Arnold, on the tenor of Sunday night's finale. (London TELEGRAPH, 8/9)
Top Stories
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ManU IPO Priced At $14
Shares in ManU’s initial public offering were priced at $14, below the $16 to $20 price range that underwriting banks had initially set, according to Mackenzie & Cotterill of the FINANCIAL TIMES. The lower price means the club and owners the Glazer family "will raise around $234M from the sale of 16.7 million shares." That is nearly $100M lower than the $330M implied at the top end of the range. It also means the Glazers, who bought the club in '05, will raise $117M gross, lower than hoped for. They could raise an additional $35M, as underwriters retain the option to sell an additional 2.5 million shares on behalf of the “selling shareholder.” The plan is for half of the proceeds to be used to pay down the club's ...
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Bolt Strikes Again
Jamaican Usain Bolt makes BBC's night with 11 million watching his semifinal effort.
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Not In A Rush
The Australian Rugby League says it's not setting a timetable to finalize TV deal.
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The Life And Times
Hollywood studio Imagine Entertainment plans feature film on life of Pele.
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Wait And See Approach
Marketing execs watching to see if brands will keep sponsorship money behind Team GB.
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Some Late Advice
BBC chief Thompson tells staff not to focus too much on the British athletes.
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Getting In The Game
New Sri Lanka Premier League signs Indian automaker Mahindra & Mahindra as title sponsor.
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Three For One
Rugby Football Union gets three new sponsors, Brecrest, BL Sports and Drew Pearson Int'l.
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Advertising Bounce
Olympics boost ad spending in Australia, but observers fear sales will fall off.
