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  • SBD Article

    Bucks' New Owners Committ To Adding Local Investors To Group

    Published April 18, 2014

    ...e is "a bargain, suggesting the true value of NBA franchises is north" of $1B.

    Tags: Milwaukee Bucks, Franchises
  • SBD Article

    Sources: Islanders Draw New Suitors As Barroway Continues Efforts

    Published April 18, 2014 by Christopher Botta

    Philadelphia attorney and hedge fund manager Andrew Barroway is no longer alone in his pursuit of the Islanders. According to a financial industry source, Islanders Owner Charles Wang has received interest in his team from at least two other potential buyers. "The Islanders are a year away from moving to Brooklyn, and the lease there is good,” said the source. “Once Mr. Wang said publicly that he was listening to offers, it was inevitable that interest would pick up. The Islanders are now an ...

    Tags: Franchises, New York Islanders, NHL
  • SBD Article

    Irsay Has Plan To Ensure Colts Remain In The Family Through Foreseeable Future

    Published April 18, 2014

    The Irsay family "is in firm control" of the Colts, and it is "highly unlikely that ever will change, even in the event Jim Irsay ... one day steps away and allows one of his three daughters to assume principal ownership," according to Mike Chappell of the INDIANAPOLIS STAR. At issue is whether the daughters -- Carlie Irsay-Gordon, Casey Foyt and Kalen Irsay -- would be "able to handle the massive estate tax that would come with their inheriting their father's portion of the business." Colts ...

    Tags: Franchises, Indianapolis Colts, NFL
  • SBD Article

    Herb Kohl Sells Bucks To Hedge Fund Execs For $550M, Team Likely Staying In Milwaukee

    Published April 17, 2014

    N.Y.-based Fortress Investment Group co-Founder Wesley Edens and Avenue Capital Group Chair & CEO Marc Lasry have "agreed to buy" the Bucks for $550M from Herb Kohl and to dedicate at least $100M to "construction of a new arena" in Milwaukee, according to Sean Ryan of the MILWAUKEE BUSINESS JOURNAL. Kohl also will give $100M "of his own money toward construction" of a new facility. Kohl yesterday said, "I believe these two men are the right people with the right fit at the right time." The ne...

    Tags: Franchises, NBA, Milwaukee Bucks
  • SBD Article

    Kohl Praised For Dedication To Keeping Bucks In Milwaukee, Will Donate $100M For Arena

    Published April 17, 2014

    Following "just two winning seasons" since '01 and a franchise-worst 15-67 record in '13-14, Herb Kohl recognized that "the time was right" to sell the Bucks, according to Gary D'Amato of the MILWAUKEE JOURNAL SENTINEL. The losing "ate at" Kohl, who yesterday agreed to sell the team to hedge fund execs Wesley Edens and Marc Lasry for $550M. Kohl said, "I believe we're doing the right thing at the right time with the right people, and that good things will happen." D'Amato writes that even wit...

    Tags: Franchises, NBA, Milwaukee Bucks
  • SBD Article

    Atlanta, Arthur Blank Officially Awarded MLS Expansion Team, Will Get Fan Input On Name

    Published April 17, 2014

    ...to why they think MLS can work here when previous franchises ... folded.

    Tags: Franchises, MLS
  • SBD Article

    Raptors Launch New "We The North" Campaign As First Step In Team's Rebranding

    Published April 17, 2014

    The Raptors have launched a new campaign, dubbed "We The North," which features a 60-second video that "kicks off a massive franchise rebrand over the next two years," according to Gregory Strong of the NATIONAL POST. The video is "not meant to be an advertisement for a team preparing to make its first playoff appearance in six years." Instead, the franchise wants the campaign "to serve as a foundation for a team revolution." MLSE President & CEO Tim Leiweke said, "This is the statement we ...

    Tags: Toronto Raptors, Franchises, NBA
  • SBD Article

    NBA Kings See Revenue, Attendance Spike In First Year Under New Ownership Group

    Published April 17, 2014

    The NBA Kings' new ownership group led by Managing Partner Vivek Ranadive "reenergized an organization that had been gasping for resources during the last few years of the previous regime," according to Dale Kasler of the SACRAMENTO BEE. Ranadive and his investors "spent more on marketing and player salaries," and gave Sleep Train Arena a "modest face-lift, even as they poured millions into preparations for a new downtown venue." Last night's season finale against the Suns marked the season'...

    Tags: Franchises, Sacramento Kings, NBA
  • SBD Article

    Franchise Notes

    Published April 17, 2014

    ...or what had been one of the league’s most hapless franchises" (WASHINGTON TIMES, 4/16).

    Tags: Franchises
  • SBD Article

    Celtics See Drops In TV Ratings, Secondary Ticket Prices As Bruins Business Surges

    Published April 16, 2014

    The Celtics and Bruins find themselves "on diverging paths of fortune," and signs of their "skewed trajectories are written on the faces of fans and the bottom lines of businesses from Sportsworld to TD Garden," according to a front-page piece by Bob Hohler of the BOSTON GLOBE. The Celtics have played to 97% capacity at TD Garden and "have sold out more than half their home games, including the final three against relatively unglamorous opponents." Yet "cheering for the Celtics has taken on a...

    Tags: Franchises, Boston Celtics, Boston Bruins
  • SBD Article

    Revisionist History: How Key Storylines Going Into The NBA Season Played Out

    Published April 16, 2014 by John Lombardo

    ...gaming category in a joint agreement with the two franchises.

    Tags: Franchises, NBA
  • SBD Article

    NBA Franchise Notes: Trail Blazers' Attendance Relatively Flat Despite Strong Play

    Published April 16, 2014

    In Portland, Allan Brettman notes with the Trail Blazers expecting a sold-out game for tonight's regular season home finale against the Clippers, this season's average attendance will be “less than 1 percent lower than last season's average” of 19,819. There are two factors at work that “could account for a playoff-bound team averaging 79 fewer butts in seats per game" compared with a team that finished the '12-13 season by losing 13 games. Trail Blazers VP/Analytics Vincent Ircandia said, “W...

    Tags: Franchises, NBA
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