SBJ/June 18 - 24, 2001/Special Report

Global Sports Inc.

Global Sports Inc.
1075 First Ave.
King of Prussia, PA 19406
Phone: (610) 265-3229
Fax: (610) 265-2866
Nasdaq: GSPT


A year ago, it seemed unlikely Global Sports would be one of the last large sports Internet survivors. Names like Quokka, Total Sports, Fogdog, and were all the rage, with their sexy plans ranging from broadcasting on the Internet to e-commerce. Now they are history.

Boring Global Sports, which operates sporting-goods Web sites for 16 major retail operations, ranging from Kmart's to sports giant The Sports Authority, has no brand it is trying to tout. While, for example, was out spending millions of dollars touting its affiliation with Michael Jordan and John Elway, Global Sports was busy doing the dirty work of putting together a realistic business model.

It keeps roughly 92 percent of every transaction it handles on partners' behalf and fulfills almost all of its orders from its Louisville, Ky., warehouse.

Now it is one of only two public independent sports Internet companies, the other being It's just the one you have never heard of.

CEO: Michael G. Rubin

2000 salary:

2000 bonus:
2000 other compensation:
1999 salary:
1999 bonus:
1999 other compensation:
Shares owned:

 Price as of June 11: $5.91

  52-week price range: $2.38 to $11.13

  IPO date: Dec. 22, 1997*

  IPO price: $3.13*

  IPO performance: Up 89%*

  Shares outstanding: 31,427,752

  Inside ownership: 19,982,577 (59.2%)

  Number of employees: 370

* First day of trading after merger with publicly held shoemaker Rykä.

Board of directors:

Kenneth J. Adelberg — A director since July 1995, Adelberg is president and CEO of The HiFi House Group of Cos. (Owns 45,650 shares)

Ronald D. Fisher — A director since March 2000, Fisher is vice chairman of Softbank Inc. (Owns no shares)

Harvey Lamm — A director since March 1998, Lamm is a director and CEO of Vintek Corp., a privately held company specializing in automated title and risk management for automotive finance institutions. (Owns 12,260 shares)

Mark Menell — A director since April 2000, Menell is a partner in Rustic Canyon Group, formerly TMCT Ventures, a $550 million venture capital fund focused on growth companies. (Owns no shares)

Mike Perlis — A director since May, Perlis is a venture partner at Softbank Capital Partners. (Owns no shares)

Dr. Jeffrey F. Rayport — A director since May 1999, Rayport is executive director of the Monitor Marketspace Center, the technology and e-commerce media unit of Monitor Co. (Owns no shares)

Corporate officers:

Jordan M. Copland, executive vice president and CFO (2000 salary: $125,769; bonus: $47,500; other compensation: $23,358; options: 200,000)

Robert W. Liewald, executive vice president, merchandising (2000 salary: $200,000; bonus: $100,000; other compensation: $4,318; options: 25,000)

Arthur H. Miller, executive vice president and general counsel (2000 salary: $200,000; bonus: $100,000; other compensation: $3,846; options: 50,000)

Michael R. Conn, senior vice president of business development (2000 salary: $162,500; bonus: $24,375; other compensation: $498; options: 70,000)

Largest outside shareholders:

Interactive Technology Holdings LLC (a joint venture company formed by Comcast Corp. and QVC Inc.) — 9.5 million shares (26.4%)

Softbank Affiliates — 9.9 million shares (30.3%)

Performance Record
Fiscal years ended Dec. 31
Gross margin (loss)
Operating expenses
Net income (loss)
Net earnings (loss) per share
Long-term debt
Sources: Global Sports' annual reports, proxies and IPO filings
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Related Topics:

Comcast, Kmart, Nasdaq, Sports Authority

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