News

Here’s why the miserable Sacramento Kings are selling for $200 million more than Tom Gores paid for the Detroit Pistons

By Bill SheaCrain’s Detroit BusinessPublished: January 22, 2013 The Sacramento Kings will be sold in a deal whose eventual cost is expected to approach $600 million after the team relocates next season to Seattle and is reconstituted there as the SuperSonics. The Sacramento Kings for $600 million? Really? That much for a team whose on-court…

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Low-key ownership style suits San Francisco Giants’ Johnson

By Bill Shea Crain’s Detroit Business Published: October 28, 2012 Charles Johnson, 79, is the San Francisco Giants’ principal owner, reportedly with a 25 percent stake in the team. That’s believed to be the largest among the team’s 32-member ownership group, San Francisco Baseball Associated LP. But his management style is reportedly mostly hands-off, empowering…

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Who will it be for AEG?

By Roger Vincent, Walter Hamilton and Andrew TangelLos Angeles TimesPublished: September 19, 2012 The surprise announcement that billionaire Philip Anschutz is putting his sports and entertainment empire up for sale sent potential buyers scrambling to launch bids that insiders say could reach $7 billion or more. The big question on everyone’s mind: Who can pony…

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Dragons’ value ranked best in Class A

By Kyle NagelDayton Daily NewsPublished: June 12, 2012 The Dayton Dragons are the country’s most valuable franchise at their level of minor league baseball, and the eighth-most valuable minor league baseball franchise in the country, according to Forbes. The Dragons, who last year set a record for professional sports’ longest consecutive sellout streak that is…

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In signing Fielder, Ilitch isn’t stretching dough

By Bill SheaCrain’s Detroit BusinessPublished: January 29, 2012 In signing Fielder, Ilitch isn’t stretching dough No, the iconic Little Caesars $5 Hot-N-Ready pizza isn’t increasing in price to pay for superstar slugger Prince Fielder’s new nine-year, $214 million contract with the Detroit Tigers. Ticket prices, set for the 2012 season in December, won’t suddenly go…

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McCourt, MLB Reach Agreement To Sell Dodgers

By Mike PescaNPRPublished: November 2, 2011 Los Angeles Dodgers owner Frank McCourt and Major League Baseball have reached an agreement to put the team up for sale. While McCourt’s ownership has been widely seen as a disaster for the club, it will still likely sell for nearly three times what he paid for it. TranscriptROBERT…

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Stafford’s injuries could hurt Lions, too: Ticket sales may take it on the chin

By Bill SheaCrain’s Detroit BusinessPublished: November 21, 2010 Second-year quarterback Matthew Stafford literally is the poster boy for the rebuilding Detroit Lions, appearing on billboards and other marketing materials aimed at selling tickets. Fans, however, may not be interested in buying individual game or season tickets to watch second-stringer Shaun Hill pressed into service at…

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Assets like Astros’ park, TV network should land deal

By David BarronThe Houston ChroniclePublished: November 20, 2010 Whether it takes six months, a year or longer for Drayton McLane to sell the Astros, the combination of a state-of-the-art ballpark, a new television network and a strong business operation should ensure a successful — and profitable – outcome for McLane and his family, the executive…

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Some call foul on NBA players’ salaries

By Bob MoonMarketplace Morning ReportPublished: October 25, 2010 TEXT OF STORYJEREMY HOBSON: The new NBA season gets going tonight with the tip off between the Boston Celtics and Miami Heat. As our senior business correspondent Bob Moon reports, despite all the hooplah over big name players like Lebron James, it’s expected to be another money…

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