UFC Cashes Out
Heralded as the “largest deal ever in the history of sports,” UFC, the fast-growing professional mixed martial arts (MMA) organization, reached an agreement to be acquired by Hollywood mega-talent agency WME-IMG for $4 billion.
Texas Officials Sue NLand Surf Park
NLand Surf Park expressed surprise Tuesday that local officials who had cheered its plans to open the nation’s first inland surf park near Austin, Texas a year ago voted July 6 to sue the company.
Spate Of Small Deals May Mark End Of M&A Boom
A spate of small acquisitions in recent weeks could mark the last gasps, rather than a resurgence, of a four-year boom in mergers and acquisitions in the global sporting goods industry, according to one investment banker.
Total Hockey Seeks Sale In Bankruptcy Court
Total Hockey filed for Chapter 11 bankruptcy petition and is looking for a buyer.
Sports Direct Reports Disappointing Fiscal Year Results
Sports Direct International plc, which pulled its bid for hundreds of Sports Authority stores last month, reported margins flatlined at its sporting goods retailing segment in the fiscal year ended April 24 as sales slowed in the back half of the year.
Sports Authority Settles Consignment Vendor Claims
Sports Authority reached an agreement that will allow it to sell pre-bankruptcy goods bought on consignment as part of its ongoing liquidation efforts.
Mammut Names New CEO
Oliver Pabst has been named to replace Rolf Schmid as the CEO of Switzerland’s Mammut Sports Group by the board of directors of Conzzeta AG.
Yeti IPO Would Replenish Cash After Big Dividend Payment
Yeti Holdings Inc. filed plans for an IPO, saying it needs capital to meet demand and replenish cash after paying a special dividend of $451.3 million.
Dick’s Sporting Goods Pushes Into California With TSA Lease Buys
Dick’s Sporting Goods will expand much more heavily into California, including its first store in Los Angeles, as part of its purchase of 31 Sports Authority (TSA) leases, according to an updated bankruptcy court filing.
NICS Background Checks Set For Record In 2016
Following the deadly terror attack in Orlando, firearms background checks conducted by the Federal Bureau of Investigation surged in June. The current year is now on pace to easily break 2015’s record for most checks in a year.
Adidas Group Finds A Buyer For Mitchell & Ness
Adidas AG completed the sale of Mitchell & Ness, the one-time leader of the retro jersey craze, to a newly formed entity primarily owned by Juggernaut Capital Partners.
With Sports Authority Trademark in hand, Dick’s Keeps Competition at Bay
In a move likely to make sure that its competition isn’t resurrected by a new owner, Dick’s Sporting Goods purchased the Sports Authority’s brand name and other intellectual property at bankruptcy auction.
A Peek at the Financials of EMS, Sport Chalet and Bob’s Stores
This week, we got a glimpse of Vestis Retail Group LLC’s books for May 2016, as the owner of Bob’s Stores, Eastern Mountain Sports and Sport Chalet reported back to the court as part of its reorganization, after filing for Chapter 11 bankruptcy protection in April.
Nike Predicts North America Bounce Back
Nike Inc. surprised some investors by reporting lower-than-expected sales for its fiscal fourth quarter, ended May 31, despite barely beating expectations on earnings, as it was impacted in North America by tough year-ago comparisons due to last year’s West Coast port slowdown as well as the need to clean up excess inventories in the marketplace.
