Category: Sport Business

Nugget: PPR changes name to Keurig and starts Puma restructuring

From a Reuters article on June 18, 2013: But beyond the name change and new logo featuring an owl, Pinault gave few answers to shareholders about the future of Puma or Fnac, the group's CD and book business, which will list on the stock market on Thursday. Pinault called on shareholders to hold on to Fnac … Continue reading Nugget: PPR changes name to Keurig and starts Puma restructuring →

The Pele Pact and its Dramatic Ending

The origin of the Puma brand goes back to 1948. Rudolph Dassler, the company's founder, had split from a business partnership with his elder brother, Adi Dassler. The name of the business partnership? You guessed it, Adidas. Battle of the Boots The two brothers fought a ruthless war for market share in the global sportswear … Continue reading The Pele Pact and its Dramatic Ending →

Nugget: O. Mason Hawkins on Madison Square Garden

From the 2011Q4 letter to shareholders of the Southeastern Asset Management´s Longleaf Funds: Madison Square Garden: Based in New York, Madison Square Garden (MSG) owns one of the most valuable regional sports networks at a time when live sports content is increasingly important to traditional distributors. In addition, the company owns two of the best … Continue reading Nugget: O. Mason Hawkins on Madison Square Garden →

Nugget: Banco Santander on Corporate Sponsorship

From the 2010 Annual Review: "Corporate sponsorships continue to be the best platform for enhancing the renown of the brand and consolidating the Bank’s positioning at the international level. The five-year alliance with the Formula 1 Ferrari team has been a complete success. The return on the advertising in the first year covered the investment … Continue reading Nugget: Banco Santander on Corporate Sponsorship →

Nugget: Adidas CFO on Capital Allocation

From the adidas 2Q2011 earnings call Q&A session, available at SeekingAlpha.com: Chris Svezia – Susquehanna Financial Group LLP "And the third question would be the use of your cash. If you keep your run rate of the declining net debt, you’re going to be net cash positive by the end of the year. Any thoughts … Continue reading Nugget: Adidas CFO on Capital Allocation →

Nugget: Jarden plans expansions of Marmot Outdoor Brand

From Reuters: "All this is benefiting Jarden that sells a host of outdoor gear like camping tents, sleeping bags and baseball bats, under brands such as Coleman, K2, Rawlings and Aero. Revenue from outdoor products, including camping and sports goods, rose 11 percent to $772.8 million. "(The outdoor business) has done well, both because people … Continue reading Nugget: Jarden plans expansions of Marmot Outdoor Brand →

Nugget: OPAP to get ~50% stake in VLT market

According to Reuters: "Thursday, Greece resubmitted the bill and proposed that OPAP, one of its most valuable assets which is slated for privatisation by the end of the year, will get a licence for 16,500 gaming machines out of a total of 35,000 to be awarded across the country. "Allowing the operation of gaming machines … Continue reading Nugget: OPAP to get ~50% stake in VLT market →

Nugget: On Madison Square Garden Real Estate

From an article by Elliot Brown of the New York Observer: Given that Vornado owns essentially half the neighborhood surrounding Madison Square Garden, and Related is its 50-50 joint venture partner in Moynihan, if the two were able to get their hands on those air rights, they would be able to (eventually) remake the midtown … Continue reading Nugget: On Madison Square Garden Real Estate →

Nugget: Madison Square Garden Valuation

From Brian Griffin´s article "Madison Square Garden Seems Significantly Undervalued" : Valuation: I will keep it relatively simple as I've always felt that the more numbers you need, the less likely it is that you have a real winner. You can add up the low end of my estimates and come up with 800 + … Continue reading Nugget: Madison Square Garden Valuation →