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ESPN agrees to buy stake in DraftKingsPublished in SportsBusiness Journal on 04 / 06 / 15
RELATED STORY : • Jan. 5: ESPN eyes getting into daily games The stakes in daily fantasy keep getting bigger. DraftKings is close to getting significant financial backing from arguably the most powerful brand in sports: ESPN. Industry sources said ESPN has agreed to invest hun...
SportsLine.com's pro forma consolidated revenue was $13.1 million in the second quarter, down from $16.5 million in the same quarter last year. The company lost $26.4 million, or 97 cents a share, compared to a loss of $23.7 million, or 90 cents a share, last y ...
The Sporting 40 Stock Index chart for the week of 7/18/01 – 7/24/01.
Emerson takes controlling interest Sport Supply Group said that Emerson Radio Corp. has boosted its ownership to 50.1 percent, giving it voting control. Dallas-based Sport Supply, which markets sporting equipment, will consolidate its annua ...
A lawsuit filed against the National Lacrosse League's Columbus Landsharks by the team's former PR agency apparently will be settled. John Livsey, who owned the Landsharks in the team's inaugural season last year, recently sold his franchise rights to a group of Montreal business executives. ...
The numbers on Daktronics' own scoreboard just keep on growing. Daktronics, the South Dakota-based industry leader in score-keeping technology, computer-programmable displays and large-screen video boards, announced record high year-end results for the fifth straight year. "We had targete ...
The value of sports teams continues to increase at a rapid clip despite the struggling economy and stock market, a draft of a report scheduled to be released from Legg Mason next week concludes. That conclusion runs counter to the conventional wisdom in sports that a weak stock market woul ...
Flames feel financial heat Calgary Flames owner Harley Hotchkiss said the team's seven-member ownership group needs to invest additional money in the club in the wake of a loss of more than $3.9 million for the past season, according ...
Former Merrill Lynch & Co. sports banker Chris Melvin has joined UBS PaineWebber in its sports and recreation group. Melvin was laid off from Merrill in April after 81¼2 years managing its sports finance practice, which included such clients as the Phoenix Suns and New York Yankees. A ...
The Sporting 40 Stock Index chart for the week of 6/6/01 – 6/12/01.
The Sporting 40 Stock Index chart for the week of 5/30/01 – 6/5/01.