Wednesday, September 28, 2005
Roy Disney Buys Globetrotters
There used to be a Harlem Globetrotters animated cartoon back in the 70's. I wonder if Roy can bring it back. j/k
Yahoo has more details.
posted by Jeff Milner at 9/28/2005 03:42:00 PM
Comments: 1(Permalink)
Comments:
I'm sick of news articles going stale after awhile so I'm just going to cheat a little:
AP
BURBANK, Calif. - An investment company controlled by Roy E. Disney has bought 80 percent of the Harlem Globetrotters and will help expand the basketball team's merchandising and licensing activities worldwide.
The Shamrock Capital Growth Fund bought the controlling interest from Mannie Jackson, the team's chief executive, who will continue to own 20 percent of the team. Jackson will continue to serve as the team's chairman and CEO.
Terms of the deal were not disclosed.
Shamrock manages the investments for the family of Roy Disney who is the son of Roy O. Disney and nephew of Walt Disney. The company, managed by president and CEO Stanley Gold, has invested more than $550 million in media, entertainment and communications businesses in the United States.
Jackson bought the team in 1993.
The closely held Globetrotters will celebrate their 80th anniversary next year.
AP
BURBANK, Calif. - An investment company controlled by Roy E. Disney has bought 80 percent of the Harlem Globetrotters and will help expand the basketball team's merchandising and licensing activities worldwide.
The Shamrock Capital Growth Fund bought the controlling interest from Mannie Jackson, the team's chief executive, who will continue to own 20 percent of the team. Jackson will continue to serve as the team's chairman and CEO.
Terms of the deal were not disclosed.
Shamrock manages the investments for the family of Roy Disney who is the son of Roy O. Disney and nephew of Walt Disney. The company, managed by president and CEO Stanley Gold, has invested more than $550 million in media, entertainment and communications businesses in the United States.
Jackson bought the team in 1993.
The closely held Globetrotters will celebrate their 80th anniversary next year.
Comment posted by Jeff Milner at 9/28/2005 4:01 PM (Permalink)
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