SportsLine USA made its second initial public offering
filing with the SEC. An IPO date will be set after the SEC
replies to this second filing, and after SportsLine "answers
its questions satisfactorily" (AD AGE, 9/18)....Shares of
Skis Rossignol S.A. rose yesterday on speculation it might
be a "takeover target." Analysts said Nike "might be
prompted" to bid for Rossignol, after adidas's $1.35B
purchase of Salomon (N.Y. TIMES, 9/18).
The Fleet Financial Group's attempt to "change its
image from a rah-rah civic booster to more of a bottom-line-
oriented group," examined by Tina Cassidy of the BOSTON
GLOBE. Fleet yesterday finalized a $185M loan to the
Ravens, which company spokesperson James Mahoney said is
"being viewed around the league as breaking new ground in
terms of financing because of the structure, because of the
level of debt. The more sophisticated debt structure allows
for a higher level of debt." Cassidy adds that the Ravens'
deal "some say, was meant to put the industry on notice that
Fleet's sports lending division is not retreating in the
wake" of the John Spano incident. In a related note,
Celtics CFO Richard Pond discussed the team's decision to
"shop for another bank" and sever ties with Fleet. Pond:
"They weren't being as proactive as we wanted them to be. I
think a big part of a relationship is feeling like you're
really wanted. Much like a personal relationship would be.
I think also, in their defense, they were going through a
period internally where they didn't know who was going to be
leading the charge." Fleet execs say the team's decision
"has nothing to do" with the resignation of David Splaine,
former head of its sports lending division, "and everything
to do with money" (BOSTON GLOBE, 9/17).
FL-based Executive Sports Vice Chair & COO Steve
Nicklaus, the son of Jack Nicklaus, and FL-based Muirfield
Village Golf Club VP John Hines announced plans to buy
Executive Sports, the sports marketing and management
division of Golden Bear International. The two companies,
which have reached a tentative agreement, will continue to
be closely affiliated as separate entities of GBI (GBI).