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Volume 24 No. 114

Finance

          FORBES' Peter Spiegel examines consolidation in the
     sports marketing business and writes that "small two- or
     three-lawyer shops" are an "endangered species."  Spiegel:
     "Pushing the consolidations is the increasing role of
     corporate sponsorship. ... The big sports agencies offer
     their services to corporate clients looking to get
     themselves noticed by sports fans" (FORBES, 3/9 issue).
          NOTES: NSSN's Steve Mayer goes inside CART's planned
     IPO and reports "top" execs have been "granted substantial
     stock options."  Among them: CART CEO Andrew Craig (600,000
     shares), CFO Randy Dzierzawksi (300,000 shares), VP/
     Logistics Dennis Swan (20,000) and VP/Competition Kirk
     Russell (40,000).  At an offering of $15 a share, Craig has
     the option to purchase $9M of CART shares (NSSN, 2/25).
     ...TCI's TCI Gameco Holdings unit sold its 4.3 million-share
     stake in Acclaim Entertainment (WALL STREET JOURNAL, 2/27).

          ME-based American Skiing Co. announced that total
     revenues for the second quarter, ended January 25, increased
     to $115.3M from $61.2M for the comparable period last year. 
     Net income for the second quarter of '97 was $6.6M, versus
     $.4M for the prior year.  Resort revenue, which excludes
     revenues from real estate properties, increased to $107.4M
     from $59.4M in the second quarter of '96.  America Skiing
     Co.'s total skier visits increased by 10.9% (ASC).
          MORE ON LES: In Boston, Stephen Jermanok profiled
     American Skiing Chair & CEO Les Otten: "The jury is still
     out on whether Otten has improved the American ski
     experience ... but even the purists admire what he has done
     to keep the sport alive. ... No one in the ski industry will
     be surprised if ASC continues to gobble up more ski resorts
     around the country.  As its stock filing states: 'The
     Company intends to consider acquisitions of large, well-
     established destination resorts'" (BOSTON MAGAZINE, 2/98).

          CA-based Lynx Golf has "obtained a $3.55 million bridge
     loan" from Union Planters Bank of St. Louis, according to
     the SAN DIEGO UNION-TRIBUNE.  The loan was "secured" by the
     company's assets and is due to be repaid by August 15.  Lynx
     President & CEO David Schaefer said that the financing will
     allow the company to "carry out its strategic plan and
     implement operational changes" (UNION- TRIBUNE, 2/25). 
          VISUALIZE IT: Visual Edge Systems, (VES), producers of
     the "One-on-One With Greg Norman" video golf lessons, has
     reached agreement in principle with its lenders and
     preferred stock holders, who have agreed not to convert
     their preferred stock or notes until December 31, 1998.  
     VES's lenders and stock holders have also agreed to provide
     the company with an additional $5M equity line of credit for
     working capital.  In other news, VES announced that it will
     team with the American Cancer Society (ACS) to help raise
     funds for cancer research.  VES will set up temporary
     production facilities in the lobbies of office buildings in
     cities such as New York, Boston and San Francisco, among
     others, and will offer its Norman golf lessons at $50 per
     tape, with a portion of the proceeds going to ACS (VES).