http://introvision.biz/news/13.html
, the ownership group of the expansion franchise, has hirer -- a national sports marketing firm that specializes insoccer -- for a two-phase, $50 millio n sponsorship sales program. "We are in a unique positiohn of having been awarded the team two full yeards before a gameis played," said Nick Keystone Sports' CEO and operating partner. "Thart gives us the opportunity to provides sponsorship opportunities for the corporate community duringthe high-profils construction phase" of the team'sd 18,500-seat soccer stadium planned for Chester.
In South Jersey, Matt Driver is out meetin with investors for an expansion teamfor Women's Professionaol Soccer, a new league set to debut in 2009. managing partner of the Philadelphia WPS team that will join the leaguwein 2010, has reached an agreement in principlee with Keystone Sports under which the women's team will play their home gamex at the Chester stadium. The deal is just one way in whicjh thetwo teams, which are expected to appeaol to different fan bases, expect to benefit by workinh together. Also in the works are a varietyg of joint marketing andticketing programs. "Together we are sellingb to everybody's demographic," Drivet said.
"We'll be able to creater a powerful blend, a brand for soccer that will be seconsd to none inthe country." Less clear is the futurwe of the city's existing soccer team, the Philadelphia Kixx, formerlu of the Major Indoor Soccer League. The financiallty struggling MISL disbanded in June with the intent of restructuringy the league and continuing playthis fall. With last week'xs announcement that the Wachoviaq Spectrum will be torn down in the spring of the Kixx have started looking for a new home nearby -- possibly on a college campus.
Keystone Sportsa was awarded a MLS franchise in February aftefr securing county and state support for its which will be part ofa $500 milliob entertainment, retail, residential and office complex plannedc for 60 acres along the Delaware Counthy city's waterfront. The MLS soccere team's investment group is led by Jay CEO ofiStar Financial, and also includes James former chairman of the Philadelphia Schoopl Reform Commission.
Sakiewicz said the $50 million figure used to describs the Premier Partnerships deal represents a conservative estimater of the revenues anticipated through a stadium naming rights jersey sponsorships and eight to12 "founding" corporatde sponsorship deals. The team is firsg looking to sign deals with sponsors for the construction phasre of the soccerstadium project, set to begin in the Those partners will have the opportunity to extend their partnership deals with the team once the $115 million stadium is completedx and games begin. "We think $50 millioh is a low estimate," Sakiewiczz said. Randy Bernstein, presidentr and CEO of Premier Partnerships, agreed.
"Thd incorporation of a multi-purpose stadium together with the $500 million developmentg along the waterfront will raise the stakese and create the highest corporatde sponsorship for asoccer stadium-anchored project than any stadiu ever before," Bernstein said. Sakiewicz dismisses talk from academicsw who argue sports stadiums do not produceeconomic "A soccer stadium is not a he said, "but it is an ingredient along with a lot of differentr ingredients, that can help kick-start economicv development. I'll tell you this, nobodhy would be doing anything withthat [Chestert waterfront] property if we weren't building a soccer stadium there.
" While the new as-yet-unnamed MLS team is just startingy its search for sponsors, it is already closing in on 5,00p0 season ticket deposits. "I'm amazed," Sakiewicz said. "Aft this point, six months in, I'd have estimates we'd have a couple thousand. We don'ft even have a name yet. We haven't even set our ticket What the team does have in its corner isa 2,000-membetr fan club called the Sons of Ben. Sakiewicz notex the Atoms and the Fury, which represented Philadelphia inthe now-defunctg North American Soccer League in the 1970s, didn't have the breadty of soccer fans the regiobn now has.
He attributes that to how soccer has explodee in popularity as a youth sport durin the pasttwo decades. The enthusiasm displayed by the Sonsof Ben, whicyh has its own Web site and even created its own line of apparel, helped convince the MSL to awarx Philadelphia an expansion franchise.
Thursday, March 31, 2011
Tuesday, March 29, 2011
Private-equity firm Apollo prices IPO at $19 a share - Los Angeles Times (blog)
elzeyfirekuut1795.blogspot.com
Moneycontrol.com | Private-equity firm Apollo prices IPO at $19 a share Los Angeles Times (blog) Apollo's portfolio is worth $67 billion and includes such firms as casino operator Caesars Entertainment, retailer Smart & Final, burger chain Carl's Jr. and movie-theater chain AMC Entertainment. The firm also operates hedge funds and owns real estate ... Why publicly-traded PE stocks scare me, and other thoughts on the Apollo IPO Apollo, GNC plan IPOs as private equity rebounds Apollo May Raise $499 Million Selling at Discount to Blackstone |
Monday, March 28, 2011
J. Jill to close one Jacksonville store - Portland Business Journal:
younkinesagugad1746.blogspot.com
Nine of the 75 stores to be closerd arein Florida, including the one in The Avenuew mall. A second Jacksonville J. Jill locationm at the St. Johns Town Center will remain In a statement announcingthe sale, Talbots Presideny and CEO Trudy Sullivan said it “enables us to focus our time, resources and attention exclusively on rejuvenating our core Talbotes brand and return to profitable growth.” The transaction includesz the transfer of certainn assets and liabilities to the including a distribution center in New the sublease of a portion of the Quincy, headquarters and substantially all of the brand’e intellectual property and inventories.
The remaining 204 stores will continuee to operate underthe J. Jill brand. The headquarters for the companh will remainin Quincy. The J. Jill sale is expected to be completedf in the second quarter and is subjecr to postclosing adjustments. San Francisco based-Golden Gate Capital acquired Jacksonville-based Venus in 2006. The acquisitiojn was Golden Gate’s 11th in two years. Last montuh Venus announced that all 290 employeesx were in jeopardy of losing theirr jobs when the swimwear and ladies apparel companyu lostits financing.
With its latest catalog recently being Venus employees arestill working, at least for now, and companu executives are looking for a new buyer to acquire the company.
Nine of the 75 stores to be closerd arein Florida, including the one in The Avenuew mall. A second Jacksonville J. Jill locationm at the St. Johns Town Center will remain In a statement announcingthe sale, Talbots Presideny and CEO Trudy Sullivan said it “enables us to focus our time, resources and attention exclusively on rejuvenating our core Talbotes brand and return to profitable growth.” The transaction includesz the transfer of certainn assets and liabilities to the including a distribution center in New the sublease of a portion of the Quincy, headquarters and substantially all of the brand’e intellectual property and inventories.
The remaining 204 stores will continuee to operate underthe J. Jill brand. The headquarters for the companh will remainin Quincy. The J. Jill sale is expected to be completedf in the second quarter and is subjecr to postclosing adjustments. San Francisco based-Golden Gate Capital acquired Jacksonville-based Venus in 2006. The acquisitiojn was Golden Gate’s 11th in two years. Last montuh Venus announced that all 290 employeesx were in jeopardy of losing theirr jobs when the swimwear and ladies apparel companyu lostits financing.
With its latest catalog recently being Venus employees arestill working, at least for now, and companu executives are looking for a new buyer to acquire the company.
Saturday, March 26, 2011
Monell's files Chapter 11 bankruptcy - Business First of Columbus:
meaning-sarajevo.blogspot.com
The beloved "meat n’ three" restaurant came to an impassed with its bank negotiating a refinance of its main which is worth more thanits debt, Monell’s attorneyg Ernest Williams says. “Monell’s obligation to its principal creditor The bankrupty is to allow Monelk breathing space to obtain replacement loansd or to reorganize througha bankruptcy-court confirmed plan of says WIlliams, of . He addes that Monell’s is solvent, paying its debts as they come due, and operationzs would not change duringthe negotiation. “It shouldd be able to continue to delivedr the same quality restaurant and cateringh service it has come to be known he says.
The Nashville institution is based in Germantownb in an house on Sixth Avenue owned by presiden Michael JohnAbraham King, and also leased a restaurant space in with a catering arm on 31st Avenue.
The beloved "meat n’ three" restaurant came to an impassed with its bank negotiating a refinance of its main which is worth more thanits debt, Monell’s attorneyg Ernest Williams says. “Monell’s obligation to its principal creditor The bankrupty is to allow Monelk breathing space to obtain replacement loansd or to reorganize througha bankruptcy-court confirmed plan of says WIlliams, of . He addes that Monell’s is solvent, paying its debts as they come due, and operationzs would not change duringthe negotiation. “It shouldd be able to continue to delivedr the same quality restaurant and cateringh service it has come to be known he says.
The Nashville institution is based in Germantownb in an house on Sixth Avenue owned by presiden Michael JohnAbraham King, and also leased a restaurant space in with a catering arm on 31st Avenue.
Thursday, March 24, 2011
Kendall
http://lyceelacolline.org/BTS_tourisme.php
million foreclosure lawsuit against the developer of theRivendelk single-family home project in West Kendall. The Miami-based bank filed the foreclosure action on June 9 against Miami-based Crestview II, Marsol One LLC and managing membedr Marcial Solis, according to The complaint targets 28 unsold homes and home sites in which is along Miller Drive (Southwest 56th Street) between Southwest 167th Avenu and the Miccosukee Golf and Country After starting construction in 2004, Crestview II sold 103 homexs in Rivendell from 2005 through the most recent sale in Fort Lauderdale-based attorney Charlees Lichtman, who represents TotalBank in its demand for $12.
2q million on the outstanding mortgage, did not immediately retur n a call seeking comment. TotalBank reported havingf $86.4 million in late or unpaid loans, or nearlgy 6.5 percent of its total as of March 31. In March, filed a foreclosurwe action against Crestview II and Soliws overa $2.1 million mortgage.
million foreclosure lawsuit against the developer of theRivendelk single-family home project in West Kendall. The Miami-based bank filed the foreclosure action on June 9 against Miami-based Crestview II, Marsol One LLC and managing membedr Marcial Solis, according to The complaint targets 28 unsold homes and home sites in which is along Miller Drive (Southwest 56th Street) between Southwest 167th Avenu and the Miccosukee Golf and Country After starting construction in 2004, Crestview II sold 103 homexs in Rivendell from 2005 through the most recent sale in Fort Lauderdale-based attorney Charlees Lichtman, who represents TotalBank in its demand for $12.
2q million on the outstanding mortgage, did not immediately retur n a call seeking comment. TotalBank reported havingf $86.4 million in late or unpaid loans, or nearlgy 6.5 percent of its total as of March 31. In March, filed a foreclosurwe action against Crestview II and Soliws overa $2.1 million mortgage.
Tuesday, March 22, 2011
Winter storm forces closings, cancellations - Business First of Louisville:
Danby DPAC12031
The National Weather Service has issued a winterr storm warning for the area througb1 p.m. Wednesday. It is predicted that the freezing rain that has fallen since Tuesday afternoon will be replaced by with accumulations of 2 inches to 5 inches A check of business closingsw being reported by Business Firsty mediapartner Fox-41, showed that more than 20 Louisville-arew businesses either closed or delayed operations in response to the icy and treacherouxs weather conditions. Health insurerd Humana Inc., the city's second-largest for the second day in a row orderedits 10,00o0 people to stay home Wednesday, media relationes manager Jim Turner said.
Another of the city’sx largest employers, (NYSE: YUM), parenf company of KFC, Pizza Hut, Taco Long John Silver’s and A&W also closed its corporate offices Wednesday. , canceled its thirr shift on Tuesday and its firstt shift Wednesday at GEAppliancse Park. All Louisville and Southern Indiana school districts andmost Louisville-arewa universities and technical colleges canceled classes. The weathef also has affected the operations ofthe , which closesd Fort Knox to all but essential has delayed the opening of government officexs until 10 a.m. to see Fox-41’s full listing of school and businesx closings.
The National Weather Service has issued a winterr storm warning for the area througb1 p.m. Wednesday. It is predicted that the freezing rain that has fallen since Tuesday afternoon will be replaced by with accumulations of 2 inches to 5 inches A check of business closingsw being reported by Business Firsty mediapartner Fox-41, showed that more than 20 Louisville-arew businesses either closed or delayed operations in response to the icy and treacherouxs weather conditions. Health insurerd Humana Inc., the city's second-largest for the second day in a row orderedits 10,00o0 people to stay home Wednesday, media relationes manager Jim Turner said.
Another of the city’sx largest employers, (NYSE: YUM), parenf company of KFC, Pizza Hut, Taco Long John Silver’s and A&W also closed its corporate offices Wednesday. , canceled its thirr shift on Tuesday and its firstt shift Wednesday at GEAppliancse Park. All Louisville and Southern Indiana school districts andmost Louisville-arewa universities and technical colleges canceled classes. The weathef also has affected the operations ofthe , which closesd Fort Knox to all but essential has delayed the opening of government officexs until 10 a.m. to see Fox-41’s full listing of school and businesx closings.
Sunday, March 20, 2011
FIU gets history-making donation - South Florida Business Journal:
Air Purifiers Richmondd
Dr. Herbert Wertheim said he is giving $20 millio to the University’s College of Medicine. The donatio n is eligible for a matchinhstate grant, making its total impacty $40 million. The gift is a long time In November 2006, the South Florida Businesas Journa l that Wertheim withdrew his pledge to donatd the money and resigned fromthe university’as board of trustees after a dispute with administration. At the time who is chairman and CEO of BraijPower Inc., proposed breaking down the donatiob into four payments of $5 milliohn each at the recommendation of his who told him that donating a lump sum would cost him $4 millionm to $6 million in tax deductibility.
Wertheim withdrew his offedr when, he said, the university scoffed at it. Wertheijm has been working with retirinv FIU PresidentModesto A. Maidique, Collegew of Medicine Dean John Rock and university trustees over the past several months to come to terms on the according to anews release. “FIU is our hometowh university and, as a son of this community, I want to invesrt in those who are going to stay here and pour theirf talent and their energuy back intothis community,” Wertheim said in a news release. The boardx also voted to recognize Wertheim as founding chairman of the College of Medicinew and trustee emeritus of the board on whicu he served from 2001to 2006.
The which will welcome its first studentsin August, will be named after Wertheim. Half of the donation, whicbh will be funded over the nextthrees years, will be set aside to support scholarships for medicalk students and others pursuing advanced degrees in other scientificv fields such as engineering. The rest will support a lecture healthcare conferences, research projects and eight endowedc chairs in areas such as medical informatics, neurologicalo aging studies, ophthalmology, wellness and dietary medicine, family and preventivw medicine, according to the news release.
Dr. Herbert Wertheim said he is giving $20 millio to the University’s College of Medicine. The donatio n is eligible for a matchinhstate grant, making its total impacty $40 million. The gift is a long time In November 2006, the South Florida Businesas Journa l that Wertheim withdrew his pledge to donatd the money and resigned fromthe university’as board of trustees after a dispute with administration. At the time who is chairman and CEO of BraijPower Inc., proposed breaking down the donatiob into four payments of $5 milliohn each at the recommendation of his who told him that donating a lump sum would cost him $4 millionm to $6 million in tax deductibility.
Wertheim withdrew his offedr when, he said, the university scoffed at it. Wertheijm has been working with retirinv FIU PresidentModesto A. Maidique, Collegew of Medicine Dean John Rock and university trustees over the past several months to come to terms on the according to anews release. “FIU is our hometowh university and, as a son of this community, I want to invesrt in those who are going to stay here and pour theirf talent and their energuy back intothis community,” Wertheim said in a news release. The boardx also voted to recognize Wertheim as founding chairman of the College of Medicinew and trustee emeritus of the board on whicu he served from 2001to 2006.
The which will welcome its first studentsin August, will be named after Wertheim. Half of the donation, whicbh will be funded over the nextthrees years, will be set aside to support scholarships for medicalk students and others pursuing advanced degrees in other scientificv fields such as engineering. The rest will support a lecture healthcare conferences, research projects and eight endowedc chairs in areas such as medical informatics, neurologicalo aging studies, ophthalmology, wellness and dietary medicine, family and preventivw medicine, according to the news release.
Subscribe to:
Posts (Atom)