Shelly Sterling reportedly trying to sell the Clippers, and quickly

By James Rainey, Andrea Chang, Nathan FennoLA TimesPublished: May 27, 2014 Los Angeles Clippers co-owner Shelly Sterling is mounting a hurried sale of the team that her husband, Donald, bought 33 years ago and could name a prospective new owner by the end of the week, according to people familiar with the situation. Shelly Sterling…

Charlotte sports exec kicking around Major League Soccer bid

By Erik SpanbergCharlotte Business JournalPublished: January 24, 2014 The managing partner of Charlotte’s professional lacrosse team wants to add Major League Soccer to the city’s sports portfolio. All he needs is about $75 million or so and a major facelift for Memorial Stadium. Then again, for 40 years or so, no one ever thought professional…

Charlotte Hornets hope fans will bee there for merchandise rollout

by Erik SpanbergCharlotte Business JournalPublished: January 17,2014 You’ve seen the logo, but will you wear it? Charlotte Bobcats executives hope the answer to that question is a resounding yes. On Saturday, the soon-to-be Hornets will begin selling Hornets gear featuring the updated logo unveiled last month by team owner Michael Jordan. Last summer, Jordan and…

Fans buy more Pistons merchandise as team improves on court

By Bill SheaCrain’s Detroit BusinessPublished: January 7, 2014 The Detroit Pistons say there are new indications that their financial and on-court turnaround is working. Fans are buying Pistons logo merchandise at a 70 percent higher rate over last season from the official team stores at the Palace of Auburn Hills and Great Lakes Crossing Outlets,…

Henderson City Council failed to see red flags on stadium project; speculative arenas are practically unheard of

By Eli SegallVegas IncPublished: March 15, 2013 Building a professional sports arena or stadium without a team committed to play there is practically unheard of. Developer Chris Milam wanted to build four of them — and got the Henderson City Council’s full support. There were plenty of red flags when Milam pitched his proposed Las…

Shake-up at AEG clouds NFL’s return

By Walter Hamilton and Sam FarmerLos Angeles TimesPublished: March 14, 2013 After seeking a buyer for months, the billionaire owner of entertainment giant AEG abruptly took the company off the market, leaving a parade of high-profile suitors empty-handed and damaging the prospect that professional football will return to Los Angeles any time soon. Philip Anschutz…

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…

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…

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…

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…