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  • SBD Article

    Under Armour's Sales Up 34% In Q2 '14 On Back Of Strong Footwear, Apparel Sales

    Published July 24, 2014

    Under Armour today said that its Q2 '14 profits "remained unchanged, meeting analysts' expectations, while sales soared" 34%, according to Lorraine Mirabella of the Baltimore SUN. UA added that its net income of $18M "remained flat, reflecting previously planned marketing and brand innovation expenses." Net revenue increased to $610M "in the three months that ended June 30," compared with $455M in Q2 '13. Apparel sales jumped 35% to $420M, compared with $310M "in the year-earlier period as th...

    Tags: Under Armour, Finance
  • SBD Article

    Carmelo Anthony Starts VC Fund M7 Tech Partners With Bertelsmann's Stuart Goldfarb

    Published July 21, 2014

    Knicks F Carmelo Anthony is "starting a venture capital firm," as he and longtime Bertelsmann Direct North America CEO Stuart Goldfarb "are launching their new investment firm, M7 Tech Partners, with an inaugural investment in the children’s media company Hullabalu," according to Jonathan Shieber of TECH CRUNCH. Anthony "is hoping to leverage a social media presence of over 5 million followers and his Melo brand into success in tech investment." The N.Y.-based firm "will invest in early stage...

    Tags: New York Knicks, NBA, Finance
  • SBJ Article

    TV money up 20 percent for NFL clubs

    Published July 21, 2014 by Daniel Kaplan

    Editor’s note: This story is revised from the print edition. Each NFL team will get a 20 percent increase in national television money this year compared with 2013 — up $27 million — as a result of the new TV contracts that commence next month, according to sources who have seen the internal figures. Over the following two seasons, the increases will total an additional $23 million per club, at a minimum. That means by 2016, each NFL team will bring in at least $181 million from national TV...

    Each NFL team will get a 20 percent increase in national television money this year compared with 2013 — up $27 million — as a result of the new TV contracts that commence next month.

    Tags: Finance
  • SBJ Article

    Future bodes well for Packers’ income

    Published July 14, 2014 by Daniel Kaplan

    Signing bonuses boosted the team’s player costs. Photo by: GETTY IMAGES The Green Bay Packers last week reported $25.3 million of net income for the fiscal year ended March 31, but when it comes time for the club to make its earnings report at this time next year, that figure will likely double. According to team officials, because of the timing of when the team signed free agent contracts, four...

    Tags: Finance
  • SBD Article

    Games Without Frontiers: ESPN Provides More Than 50% Of Disney's Operating Profit

    Published July 09, 2014

    Many people talk about ESPN being the "crown jewel in the Disney empire," and its financials "speak to that," according to Jon Erlichman of Bloomberg TV. When observers "look at the cable network's business for Disney, which is largely fueled by ESPN," it is "about a third of the company's overall revenue." But it is more than 50% of the "operating profit." So "a lot of the company's profitability power indeed comes from ESPN," through advertising and "what they're able to charge" the cable a...

    Tags: Finance, ESPN
  • SBJ Article

    Talk in Buffalo centers on keeping team home

    Published June 30, 2014 by Daniel Kaplan

    ...ship is one of the obvious patterns,” said sports finance adviser Mitchell Ziets.

    Tags: Finance
  • SBJ Article

    Franchise values: Which price is right?

    Published June 30, 2014 by Daniel Kaplan & John Lombardo

    “Expectations have risen,” said sports finance adviser Mitchell Ziets, who counseled Chris Hanse... the team’s revenue, said Rob Tilliss, a sports finance adviser with Inner Circle Sports.

    Tags: Finance
  • SBJ Article

    Legal scenarios have yet to play out in sale of L.A. Clippers to Ballmer

    Published June 30, 2014 by John Lombardo

    The proposed sale of the Los Angeles Clippers to former Microsoft Chief Executive Steve Ballmer still faces legal hurdles before the deal can close. Donald Sterling is challenging his wife Shelly Sterling’s contention that experts have found him to be mentally unfit to run the family trust that controls the team, a claim that cleared the way for the record-setting $2 billion deal. {podcast} SBJ Podcast: NBA writer John Lombardo and editor Tom Stinson discuss what the Clippers' sale price m...

    Tags: Finance
  • SBD Article

    Nike Sees Q4 Profit Rise 5% After Boost From Company's Surging Soccer Presence

    Published June 27, 2014

    Nike on Thursday said that its profit for the Q4 of FY '14, which ended May 31, rose 5% to $698M, as revenue "climbed" 11% to $7.4B, according to Germano & Stynes of the WALL STREET JOURNAL. The company is "ramping up revenue from soccer-related goods amid broader initiatives to raise prices of both footwear and apparel across categories." Results for FY '14 included $2.3B in "wholesale revenue for soccer products, an 18% jump." Nike said that it spent $3B for the year on promotions, includin...

    Tags: Nike, Finance, Soccer
  • SBJ Article

    USTA closing out $450M bond sale

    Published June 23, 2014 by Daniel Kaplan

    ...tent refrain from the USTA being that it will not finance the facility redo on the backs of ticket holders....

    Tags: Finance
  • SBD Article

    PokerStars Owner Set To Sell Company For $4.9B With Eye On U.S. Re-Entry

    Published June 16, 2014

    PokerStars parent company Oldford Group Ltd. has agreed to sell the company for $4.9B in a bid to "re-enter the U.S. after being forced out by the Justice Department several years ago," according to Kate O'Keeffe of the WALL STREET JOURNAL. Online gambling proponents hope that the deal "will radically reshape the industry in the U.S., which has thus far fallen short of even the most pessimistic revenue estimates and now faces increasing opposition from powerful opponents" like Las Vegas Sands...

    Tags: Finance
  • SBD Article

    Bauer Performance Sports Will Change Its Name, List Its Shares On NYSE

    Published June 10, 2014

    Bauer Performance Sports yesterday said that it "plans to list its shares on the New York Stock Exchange and change its name to Performance Sports Group Ltd, as part of a move to reflect its recent strategic acquisitions and expanded focus," according to REUTERS. Bauer earlier this year announced it was "buying the Easton baseball and softball business" for $330M in cash. Bauer also said that it plans to raise about $110M "via an equity offering in Canada and the United States." Bauer plans t...

    Tags: Finance, Bauer Inc.
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