Menu
Sponsorships Advertising Marketing

MGM SCORES TYSON KNOCKOUT OVER BREACHED CONTRACT

          Since Mike Tyson's boxing license is revoked, the MGM
     Grand "has decided to terminate its contract with Don King
     Productions," according to Royce Feour of the LAS VEGAS
     REVIEW-JOURNAL.  There was only one Tyson fight left on
     King's contract with MGM when Tyson's license was revoked in
     July.  MGM Grand COO Alex Yemenidjian told the AP: "We've
     reached an understanding with Don King where Mike Tyson 
     will not have a sixth fight at the MGM."  Yemenidjian added
     that Tyson's contract "had been breached because Tyson would
     not be available to fight before" his contract expired in
     March.  King received $27.5M of the $30M he had been
     guaranteed in a stock deal with MGM Grand in '95 when he
     received 618,557 shares of MGM stock.  On Thursday,
     Tracienda, the holding company for MGM's majority investor
     Kirk Kerkorian purchased the 618,557 share from King for
     $44.50 each (Las Vegas REVIEW-JOURNAL, 9/27).  With the
     deal, Kerkorian increased his stake in MGM to 62.5%, or
     36,239,822 shares (WALL STREET JOURNAL, 9/26).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/1997/09/29/Sponsorships-Advertising-Marketing/MGM-SCORES-TYSON-KNOCKOUT-OVER-BREACHED-CONTRACT.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/1997/09/29/Sponsorships-Advertising-Marketing/MGM-SCORES-TYSON-KNOCKOUT-OVER-BREACHED-CONTRACT.aspx

CLOSE