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$500M for Pistons? Market won’t support asking price, insiders say

By Bill Shea
Crain’s Detroit Business
Published: August 15, 2010

The bank hired to broker a sale of the Detroit Pistons and Palace Sports & Entertainment Inc. is seeking $500 million from potential buyers — a price industry insiders and likely bidders consider inflated by $100 million in this market, a source familiar with the situation said.

Karen […]

When it comes to buying a football team, it looks like slim pickings for Majestic Realty’s Ed Roski, experts say

By James Wagner
The San Gabriel Valley Tribune
Published: June 19, 2010

INDUSTRY – Much has changed since local billionaire Ed Roski Jr. embarked on his most recent quest to bring professional football back to the Los Angeles region.

He flexed his political muscle, fighting back two lawsuits with an unprecedented state bill, which gave his $800-million, 75,000-seat […]

  • Jim Balsillie

    Hockey: Balsillie is not the only Canadian in search of a team

Hockey: Balsillie is not the only Canadian in search of a team

By Vincent Brousseau-Pouliot
Lapresseaffaires.cyberpresse.ca
Published: June 23, 2009

There is not only Jim Balsillie in Canada that is attempting to buy a team of the national hockey League (NHL).

Several other Canadian millionaires currently watch books of American teams, according to a financial evaluator in the middle of professional sport.

According to Michael Rapkoch, President of the Sports Value […]

The Molson have not paid too expensive

By Vincent Brousseau-Pouliot
Lapresseaffaires.cyberpresse.ca
Published: June 23, 2009

(Montreal) Experts are not surprised the sum of 500 million US disbursed to purchase Canadian.

Five hundred million US. That is a lot of money for a hockey team, but this record transaction does not surprised Michael Rapkoch, a financial evaluator who worked for George Gillett purchase Canadian in 2001.

“300 […]

Nascar’s Sponsors, Hit by Sticker Shock

Nascar’s Sponsors, Hit by Sticker Shock
By SUSANNA HAMNER
The New York Times
Published: December 14, 2008

At the Indianapolis Motor Speedway last July, the parking lot was filled with excited Nascar fans chugging beer, roasting pigs and exchanging drivers’ statistics.

But in an office inside the racetrack, the scene was far from celebratory. Executives of the Big Three […]

SEC suit endangers Cuban’s Cubs pursuit

SEC suit endangers Cuban’s Cubs pursuit
By Ann Saphir
Chicago Business
Published: Nov. 17, 2008

(Crain’s) — Charges that Dallas Mavericks owner Mark Cuban engaged in insider trading, allegedly using confidential information on a stock sale to avoid more than $750,000 in losses, could strike him out of the running to buy the Chicago Cubs.

The Securities and Exchange […]

How the BW Power 100 Was Put Together

How the BW Power 100 Was Put Together
Our 35 expert panelists, and the fans, considered 300 candidates
BusinessWeek
Published: October 2, 2008

Measuring individual power in a global industry as diverse as sports isn’t easy. But for the second year in a row, a panel of experts has done just that for BusinessWeek (MHP), ranking the 100 […]

Cuban’s Cubs ownership: not so crazy

Cuban’s Cubs ownership: not so crazy
By Mike Colias and Ann Saphir
Chicago Business
Published: July 27, 2008

In the extra-inning saga that is the Chicago Cubs sale, Mark Cuban has been cast in the part of the feared slugger left sulking on the bench.

Pundits predicted Major League Baseball club owners would never allow the bombastic billionaire into […]

Zell pitches an August sale

By Mike Colias and Ann Saphir
Chicago Business
Published: May 03, 2008

Sam Zell has set a fresh deadline of late August to sell the Chicago Cubs — a time frame that could strengthen his hand if the North Siders emerge as late-season playoff contenders.

The Tribune CEO told about 100 employees during an April 24 meeting that […]

Enthusiasm Cools for Hockey’s Foray Into the South

SLAP SHOT
Enthusiasm Cools for Hockey’s Foray Into the South
By JEFF Z. KLEIN and LEW SERVISS
The New York Times
Published: February 10, 2008

Almost 20 years ago, the N.H.L. embarked on a master plan to expand into the Sun Belt. The idea was to add teams in nontraditional hockey markets and, in the jargon of the day, […]