Featured Story

Cycling league founders want to bring U.S. back to the velodrome

Published in SportsBusiness Journal on 10 / 20 / 14

Two veterans of the U.S. cycling industry will launch a new professional bicycle racing series in 2015 that attempts to revive the sport of velodrome track cycling in North America. Called the World Cycling League, the venture is the brainchild of David Chauner and John Vande Velde, who both repr...

Read More

Tags: Leagues and Governing Bodies

More Stories

05/02/11
Ditka charity shifts biz model

Gridiron Greats, the charity backed by Mike Ditka for in-need NFL retirees, will no longer host major events — having recently suffered financial losses — but instead will operate as a direct fundraiser. Gridiron Greats lost $178,000 in 2009, the last year public tax records are available, and 2010 ...

Tags: Finance

03/14/11
NFL can restructure loans, experts say

The NFL, in the event of a lockout, might need to restructure some of its loans because of the recent ruling in the much-watched media fees case, but the impact of any adjustment would be relatively modest and certainly not as dire as it was made to sound by the federal court judge who issued the de ...

Tags: Finance

02/28/11
Open Sports shuttered

Open Sports, the online sports startup created in 2008 by SportsLine.com founder Mike Levy, has ceased operations after failing to find a sustainable niche in the hypercompetitive digital arena. The Florida-based operation, seeking to blend fantasy sports with sports news, commentary, social networ ...

Tags: Media, Finance

01/31/11
ISC year-end earnings down

Declining ticket sales depressed year-end earnings results for International Speedway Corp. The company last week reported net income for the year ending Nov. 30, 2010, excluding discontinued operations, was approximately $73.2 million, or $1.52 per share. That was down from $90.7 million, or $1.86 ...

Tags: Facilities, Finance

01/10/11
Design firms look to smaller projects

For a snapshot of the state of sports facility development in North America, go back to Dec. 9. On that day, officials in Edmonton, Sioux Falls and Tampa interviewed architects for arena projects tied to the NHL, minor league sports and college basketball, respectively. But only one of those deals, ...

Tags: NHL, Basketball, Edmonton Oilers, Hockey, Football, NEC, Facilities, MLS, TRAC, Target, KFC, Finance, Miami Marlins, Brooklyn Nets, San Francisco 49ers, Ping, Ellerbe Becket, NFL, NTRA, 360 Architecture, MLB, Baltimore Orioles, Cleveland Indians, Rado, Colorado Rockies, Baseball, HNTB, DLR Group, International, Colleges, Media, Soccer, NBBJ, Olympics, FIFA, TES, Tennis, Motorsports, Formula One, NASCAR, U.S. Open, Envision

09/20/10
Yankee group carries nearly $2B in debt

The New York Yankees and their affiliates carry nearly $2 billion of debt, according to sources who have reviewed loan documents in the market for Yankee Global Enterprises, the team’s parent company, and Legends Hospitality Management, the club’s concessionaire.

Tags: Finance

09/20/10
Arizona mulls tax financing for sports projects

Some Phoenix-area cities and local business interests are trying to pump new life into the idea of special tax zones that earmark financing for sports complexes and other projects. Those groups talking about reviving tax-increment financing still are trying to decide whether their proposal should he ...

Tags: Finance

09/20/10
MLB's short-term loan pool a first for big leagues

MLB has created the first leaguewide credit facility for short-term lending, capping its clubs at $15 million apiece, according to multiple finance sources. As of last week, about six clubs had used the credit facility, or loan pool, which closed last month and is the first of its kind across sports ...

Tags: Finance

09/13/10
LPGA in rebuilding mode for sponsor summit

The LPGA’s first-year commissioner Mike Whan and his chief marketer Jon Podany will stage their first sponsor summit on Wednesday in New York, where they’ll tell a story of a tour on the mend. A room full of more than 100 marketing executives from current sponsors, prospective sponsors and marke ...

Tags: LPGA, New Era, PGA Tour, Finance, NEC, TES, Media

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug