The Broke and the Beautiful: Sports Edition
By Melanie CohenThis week on The Broke and the Beautiful, sports news abounds. The estate of the late crooner Frank Sinatra wants a voice in the Los Angeles Dodgers’ future, the Texas Rangers’ former owner faces a lawsuit, and the New York Mets’ owners may need to give at least $300 million to the trustee chasing down recoveries for Bernard Madoff’s investment-fraud victims. Meanwhile, football player Mark Brunell is hoping to leave bankruptcy soon, and actor Burt Reynolds may lose his home to foreclosure.
The Los Angeles Dodgers have many fan bases, notably the estate of Ol’ Blue Eyes himself, Frank Sinatra. According to Reuters , the estate wants to dance cheek to cheek with four other season-ticket holders, asking a bankruptcy judge to let them team up for an official voice in the Dodgers’ future. Sinatra’s family has held Dodgers season tickets since 1958, when the team moved to Los Angeles from Brooklyn, N.Y.
Separately this week, Reuters noted that Chief Financial Officer Peter Wilhelm said the team has dodged paying or lending money to owner Frank McCourt for the past two years. Wilhelm also said McCourt invested $23.5 million in the team leading up to its bankruptcy, which Wilhelm blamed on a “perfect storm” of events that hurt the team’s finances.
The Texas Rangers’ post-bankruptcy administrator sued Tom Hicks Monday, saying the team’s former owner “stole” millions of dollars to obtain “highly lucrative” parking lots near the Rangers’ Arlington stadium. According to the Fort Worth Star-Telegram , Alan Jacobs also accused Hicks of making the ballclub spend at least $18 million on parking lots and roads instead of funding deferred compensation for players.
Another sports team once in bankruptcy, the NHL’s Phoenix Coyotes, may be swinging closer to a sale. According to the Phoenix Business Journal , Greg Jameson, the former San Jose Sharks president and chief executive, is planning to bid for the hockey team and keep its members playing in Arizona. The team, which the NHL bought out of bankruptcy in 2009, has dealt with a bevy of bids that never scored, including offers from Ice Edge Holdings LLC and Chicago White Sox owner Jerry Reinsdorf.
Nys Deferred Compensation Plan - News
of intangibles 2760 871 Amortization of deferred financing costs 503 736 Change in deferred income tax (167) 3679 Compensation under stock-based compensation plans 2252 1629 Loss on disposal of fixed assets 92 49 Changes in assets and liabilities,
LONG ISLAND CITY, NY, Aug 05, 2011 (BUSINESS WIRE) -- --Third quarter 2011 operating income of $46.4 million plus amortization of $14.1 million totaled $60.4 million, up 33.5% versus prior year. Third Quarter Fiscal 2011 vs. Third Quarter Fiscal 2010
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According to the Fort Worth Star-Telegram, Alan Jacobs also accused Hicks of making the ballclub spend at least $18 million on parking lots and roads instead of funding deferred compensation for players. Another sports team once in bankruptcy,
SUNY Plattsburgh - Daily Digest
Subject: NYS Deferred Compensation Plan After Tax (Roth) Contributions
Employees can now make both before and/or after tax (Roth) contributions to the NYS Deferred Compensation Plan. Initially, employees will be required to contact the NYS Deferred Compensation HELPLINE at (800) 422-8463 and speak with a HELPLINE representative in order to facilitate after tax (Roth) contribution transactions. The plan intends to allow employees to facilitate Roth contribution transactions via the secure portion of the plan website at www.nysdcp.com at a later date. Employees should monitor the plan website or newsletter for future announcements regarding this feature. For more information, please visit www.nysdcp.com and click on Roth Contribution Information - FAQ Brochure or contact the HELPLINE or our local representative Brad Harte at 1-800-422-8463 ext.42054. Sarah Gillett Reyell Health Benefits Administrator Human Resource Services - Kehoe 912 SUNY College at Plattsburgh 101 Broad Street Plattsburgh, NY 12901 Phone: (518) 564-5062 Fax: (518) 564-5060 Web: www.plattsburgh.edu/hr Save the trees! Please think of the environment before you print this email.Nys Deferred Compensation Plan - Bookshelf
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