Nov. 11, 2010 at 1:48 p.m.
Filed under:
Retail,
Sports
By Reuters
Demand for jerseys, caps, video games, toasters and other items with sports logos has been a winner this year, and teams and leagues expect that streak to continue into the holiday season even with unemployment still high.
“If your team is winning and you’re excited about it, you want to be a part of it,” said Stu Crystal, vice president of consumer products for Major League Soccer. “It makes them forget about worrying if they’re going to lose their job or their houses went down in value and how they’re going to pay the mortgage.” Get the full story »
Oct. 12, 2010 at 10:25 a.m.
Filed under:
Chicago executives,
Investing,
Sports
By Associated Press
The city of Glendale, Ariz., says a prospective buyer of the Phoenix Coyotes hockey team has deposited $25 million in an escrow account “in a show of good faith.”
Glendale, in a news release Friday, said the buyer has asked for confidentiality because negotiations are ongoing, but there have been multiple reports the city has been in talks with Chicago investor Matthew Hulsizer.
The figure is equal to the amount of city funds Glendale had deposited, at the NHL’s insistence, to cover potential losses for the coming season while a local buyer was sought. Get the full story »
