Outdoor Channel Holdings Inc., the owner of a cable channel with hunting and fishing programs, said its board has accepted an increased buyout offer from billionaire Stan Kroenke’s Kroenke Sports & Entertainment LLC.
The Formula One race set for Weehawken, New Jersey, in June will take place as scheduled, and all outstanding contract obligations, including safety and facility reviews, will be met, said event promoter Leo Hindery.
Oakland, California, the fifth-most crime ridden city in America, faced a $32 million budget deficit in fiscal 2011. It closed the gap by shrinking its police force by 18 percent, shedding 138 officers including 80 dismissals.
Sept. 6 (Bloomberg) -- Leo Hindery, managing partner at InterMedia Partners LP, Joseph Ravitch, co-founder and partner at the Raine Group LLC, and Rob Tilliss, chief executive officer and managing partner at Inner Circle Sports LLC, participate in a panel discussion about the pricing of professional sports franchises. Bloomberg Executive Editor John McCorry moderates the panel at the Bloomberg Link Sports Business Summit in New York. (Source: Bloomberg)
Oct. 5 (Bloomberg) -- Jason Schenker, president at Prestige Economics and Leo Hindery, managing partner at Intermedia Partners talk with Bloomberg's Deirdre Bolton about the monthly jobs report, the labor participation rate and the political implications of the report. They speak on Bloomberg Television's "In The Loop."
The owners of the New York Mets can spend opening day focused on David Wright’s bat and not Bernard Madoff’s fraud after agreeing to settle a $303 million lawsuit brought by the liquidator of the convicted con man’s firm.
The record $2.3 billion sale of the Los Angeles Dodgers, buoyed by a projected windfall from the sale of its broadcast rights, doesn’t necessarily mean the value of professional sports franchises will continue to rise, according to Leo Hindery Jr., who helped establish the Yankees Entertainment & Sports Network.
Basketball Hall of Fame member Magic Johnson and a group of investors that includes Guggenheim Partners Chief Executive Officer Mark Walter won the auction for the bankrupt Los Angeles Dodgers with a bid of more than $2 billion, doubling the previous record amount paid for a major U.S. professional sports franchise.