FOR THE RECORD
FOR THE RECORDPublished August 7, 2000
MARKETING & LICENSING AGREEMENTS
Davey Sports Management, the licensing agent for bass fishing brand Team ProFish, signed seven new licensed manufacturers. The following companies will produce products using the Team ProFish logo in conjunction with its group of professional anglers, including Kevin VanDam, Gary Klein, Denny Brauer, Skeet Reese, Bernie Schultz, Tom Mann Jr. and Paul Elias. Collegiate Graphics, a division of Logo Athletic, will market the Team ProFish line under the Red Rock Apparel brand. The company will develop a full line of apparel, including T-shirts, polos, women's tops, denim items and fishing shirts. DeLong Sportswear will produce a line of nylon and polar fleece jackets as well as headwear featuring each angler's logo as the primary graphic. Drew Pearson Marketing will offer a full line of headwear and accessories for Team ProFish. InGear will develop soft-sided tackle boxes and other bags and accessories for fishing enthusiasts. InGear tackle boxes will be used by Team ProFish pros Reese, Klein, Schultz and Mann during the 2000 Bass Masters Classic. JRF Sports Marketing will handle the manufacture and distribution of novelty items such as picture frames, coffee mugs, can coolers, decals and temporary tattoos. The company will also handle on-site tournament vending for Team ProFish. Playing Mantis will produce replicas of the bass boats and vehicles used by Team ProFish members in competition. SRE Pins will produce a line of lapel pins featuring each Team ProFish member's logo and uniform design.
SPORTS AGENCY NEWS
Sports Marketing Consultants Inc. signed ATP Tour player Karim Alami for management, marketing, endorsements and public relations.
St. John's men's basketball coach Mike Jarvis retained RLR Associates to handle television, radio, speaking engagements and endorsements.
AdvoCare International signed Brian Urlacher of the Chicago Bears to a multiyear endorsement agreement. Urlacher will endorse AdvoCare and provide personal product testimonies and photos to AdvoCare for use in marketing its nutrition and sports performance products.
Electronic Arts and soccer player Ben Olsen reached an agreement designating Olsen as the spokesman for FIFA 2001 Major League Soccer. Under the agreement, Olsen will appear on the packaging of the game and on merchandising. He will also help game developers create in-game realism and authenticity.
Soccer player Brian Dunseth signed an endorsement deal with Champion Nutrition to be his exclusive nutritional supplement provider. The company will use Dunseth as part of its national branding and promotional efforts.
The Columbus Blue Jackets selected Sportservice Corp. as concessionaire for Nationwide Arena. Well Bread, the premium dining division of Sportservice, will cater the club and suite levels as well as other premium seating areas.
SMG and Cleveland State University reached an agreement to have Philadelphia-based SMG continue overseeing operations at the CSU Convocation Center for the next 10 years. The new deal, which takes effect Nov. 1, is a five-year contract followed by five one-year contracts.
The Boeing Co. signed Eurosport, a European sports network, as a content supplier to the Connexion by Boeing service. Under the agreement, passengers will gain in-flight access to live sports programming while flying through continental Europe.
MERGERS & ACQUISITIONS
Teamtalk.com Group Plc agreed to acquire all the issued share capital of internetsoccer.com Inc., a North American soccer Web site operator, for $15 million. Teamtalk creates and manages sports content, principally sports news, commentary and statistics, that is distributed via the Internet, mobile and premium rate fixed line telephone networks and satellite.
Daktronics signed a letter of intent to acquire Sports Link, a large-screen video rental company in Brookings, S.D. Daktronics supplies electronic scoreboards, computer-programmable displays and large-screen video boards.
American Champion Entertainment signed an agreement to buy 50.01 percent of 21e-sports Co. of Beijing, China, through an exchange of stock and cash. 21e-sports is a retailer of brand-name athletic clothing and shoes and is the main retailer for Nike, Adidas, Reebok, Converse and other Western brands in Beijing. American Champion Entertainment is a holding company with subsidiaries specializing in the development and acquisition of family and sports programming, as well as development of multimedia consumer products.
Churchill Downs Inc. (Nasdaq: CHDN) reported net income of $18.3 million, or $1.85 a share, on revenue of $131.9 million for the second quarter ended June 30. That compares with net income of $13.7 million, or $1.79 a share, on revenue of $84.1 million for the same period the previous year.For the six-month period, the net income was $9.6 million, or 97 cents a share, on revenue of $157.6 million. That compares with net income of $10.7 million, or $1.39 a share, on revenue of $101.8 million for the same period the previous year.Churchill Downs conducts pari-mutuel wagering on horse racing at its facilities in Kentucky and Indiana.
Riddell Sports Inc. (AMEX: RDL) reported net income of $6.4 million, or 61 cents a share, on revenue of $75 million for the second quarter ended June 30. That compares with net income of $5.4 million, or 51 cents a share, on revenue of $65.5 million for the same period the previous year.For the six-month period, the net loss was $278,000, or 3 cents a share, on revenue of $114.3 million. That compares with a net loss of $990,000, or 11 cents a share, on revenue of $99.8 million for the same period the previous year.Riddell Sports manufactures football helmets and markets collectible helmets and other collectible products. The company also reconditions football helmets, shoulder pads and related equipment and licenses the Riddell and MacGregor trademarks.
Royal Precision Inc. (Nasdaq: RIFL) reported net income of $477,000, or 8 cents a share, on revenue of $10 million for the fourth quarter ended May 31. That compares with net income of $1.5 million, or 27 cents a share, on revenue of $8.2 million for the same period the previous year.For the fiscal year ended May 31, the net income was $870,000, or 15 cents a share, on revenue of $29.9 million. That compares with a net loss of $904,000, or 16 cents a share, on revenue of $23.2 million for the previous fiscal year.Royal Precision manufactures and distributes golf club shafts. The company also designs and distributes golf club grips.
Adams Golf Inc. (Nasdaq: ADGO) reported a net loss of $7.5 million, or 34 cents a share, on revenue of $12.3 million for the second quarter ended June 30. That compares with net income of $910,000, or 4 cents a share, on revenue of $25.5 million for the same period the previous year.For the six-month period, the net loss was $9.6 million, or 43 cents a share, on revenue of $28 million. That compares with a net loss of $2.4 million, or 11 cents a share, on revenue of $34.1 million for the same period the previous year.Adams Golf manufactures and markets golf clubs including Tight Lies fairway woods.
Fogdog Inc. (Nasdaq: FOGD) reported a net loss of $17.6 million, or 49 cents a share, on revenue of $5.8 million for the second quarter ended June 30. That compares with a net loss of $4.1 million, or 18 cents a share, on revenue of $731,000 for the same period the previous year.For the six-month period, the net loss was $32.3 million, or 90 cents a share, on revenue of $10.6 million. That compares with a net loss of $6.6 million, or 35 cents a share, on revenue of $1.2 million for the same period the previous year.Fogdog is an online retailer of sporting goods.
Dover Downs Entertainment Inc. (NYSE: DVD) reported net income of $15.8 million, or 42 cents a share, on revenue of $86.2 million for the fourth quarter ended June 30. That compares with net income of $13.9 million, or 38 cents a share, on revenue of $79 million for the same period the previous year.For the fiscal year ended June 30, the net income was $31.9 million, or 86 cents a share, on revenue of $245.9 million. That compares with net income of $26.9 million, or 74 cents a share, on revenue of $207.9 million for the previous fiscal year.Dover Downs owns and operates a multipurpose entertainment complex conducting NASCAR and IRL auto racing, pari-mutuel harness horse racing, wagering and video lottery machines operations in Delaware.
SportsLine.com Inc. (Nasdaq: SPLN) reported a net loss of $17 million, or 64 cents a share, on revenue of $24.3 million for the second quarter ended June 30. That compares with a net loss of $12.4 million, or 55 cents a share, on revenue of $13 million for the same period the previous year.For the six-month period, the net loss was $24.2 million, or 93 cents a share, on revenue of $47 million. That compares with a net loss of $22.5 million, or $1.01 a share, on revenue of $24.1 million for the same period the previous year.SportsLine is an Internet-based sports media company that provides branded, interactive information and programing as well as merchandise to sports enthusiasts worldwide.
No Topic Name
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FOR THE RECORD
Foundation to rain cash on soccers roots
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Insuring teams stars not a novel concept
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Messick hired to take NBA global
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Monkey do, monkey sell in Anaheim
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NBA encyclopedia first offering from deal with Doubleday
NCAA board to take up flag
Newcomers 3Com and AIG top CBS long list of U.S. Open advertisers
NFL invites AFL to Super Bowl party
Provident turns a Griffey double play
Raleigh senior tennis stop loses sponsor
Ripken rumor boosts Orioles last-game ticket prices
Ruling scrambles YankeeNets plans for sports network
Sears invests big in NASCAR
Seles leaps from Just Do It to Who?
Small-city commission hunts for a way back to the big time
SMU builds foundation for a comeback
SPORTS COMMISSIONS: PROVIDENCE, R.I.
SPORTSBUSINESS JOURNAL/ESPN SPORTS POLL
SPORTSBUSINESS JOURNAL/HARRIS INTERACTIVE POLL
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THE NUMBERS GAME
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Trakus near deal to wire NHL players
USOCs Olympic movement a big one
Webs wrecking cyclone could be hesitancy to give ads proper space
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Winston taking its name off
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