December 4, 2013 |
Peter A. Luukko, an ally and partner of Flyers founder Ed Snider for more than a quarter-century, resigned as president and chief operating officer at Comcast-Spectacor, a major operator of sports stadiums and owner of the Flyers. The company has 10,100 employees nationwide and the resignation came as a surprise inside the organization and the stadium-management industry. With Luukko's departure, Comcast Corp. - the majority owner of Comcast-Spectacor since the mid-1990s - tightened its grip on the entrepreneurial subsidiary in South Philadelphia.
March 10, 2010 |
Comcast-Spectacor, which is jointly owned by Comcast Corp. and businessman Ed Snider, completed its purchase of ticketing-software business Paciolan, the companies said yesterday. The deal was part of an agreement with the Justice Department announced in late January that allowed Ticketmaster Entertainment Inc. to merge with concert promoter Live Nation. As part of the agreement, Live Nation had to sell Paciolan. Terms of the deal with Comcast-Spectacor were not disclosed. "From Day One we will be a big competitor" in the ticket business, Comcast-Spectacor chief executive Peter Luukko said yesterday.
June 15, 2000 |
Comcast-Spectacor has decided to stretch its boundaries. The Philadelphia-based sports and entertainment firm, which owns the Sixers, Flyers, First Union Center and First Union Spectrum, announced yesterday it has acquired three minor league baseball teams affliated with the Baltimore Orioles from Maryland Baseball, LLC. The Frederick Keys and the Delmarva Shorebirds are Class A affliates of the Orioles. The Bowie Baysox are Baltimore's Double A franchise. All three teams are based in Maryland: the Keys in Frederick, Md.; the Shorebirds in Salisbury; and Baysox in Bowie.
August 24, 2012
The NBA's Sacramento Kings, unhappy with their situation in California, may be headed to Virginia Beach, according to a report in the business journal, Inside Business. Officials from Comcast-Spectacor have proposed moving the team to Virginia Beach and for Comcast to help build and lease a new pro sports arena, according to the report . The Kings have tried but been unsuccessful in building a new arena in Sacramento. How the move would affect scheduling and conference alignment in the NBA is not known.
November 4, 1999 |
The Flyers never have had a problem drawing fans to games. But, just in case, it can't hurt to make sure that interest in ice hockey in the Philadelphia area continues to grow. With that in mind, Comcast-Spectacor, owners of the Flyers, Phantoms, Sixers and First Union Center and Spectrum, officially will open the first of its new Flyers Skate Zone arenas today in Atlantic City. "This is an opportunity to develop fans of the game and ice skating in general," said Pat Ferrill, vice president for rink development and management for Comcast-Spectacor.
July 14, 2011 |
Comcast-Spectacor reached an agreement Wednesday to sell the 76ers to a group of investors led by New York billionaire Joshua Harris. The deal, first reported as being in the works just over a month ago, is pending approval by the NBA's board of governors. No difficulties are expected regarding the NBA's approval of the sale. Although terms of the agreement were not disclosed, the deal is for 100 percent of the Sixers for approximately $280 million, possibly slightly more.
July 24, 1998 |
Nearly 20 years after casinos arrived in Atlantic City, it appears as though the resort town is about to get something nongamblers can enjoy: a hockey rink. Comcast-Spectacor, in a joint venture with Scarborough Properties, has undertaken a feasibility study to build an ice-skating facility for public use adjacent to the Sandcastle Baseball Stadium in Atlantic City. The firms will have 60 days to complete their study and form an agreement to develop and operate the facility. Scarborough is a commercial real-estate developer based in Gibbsboro.
August 11, 2006 |
If Comcast-Spectacor truly wants to sell the 76ers, it probably won't have much trouble finding serious buyers. "There are quite a few people in the Philadelphia and New Jersey areas that love basketball and would like to be part of the NBA," said Marc Ganis, president of SportsCorp Ltd., a sports-marketing firm based in Chicago. "There's so much money in that part of the country. " But how much money would a buyer be willing to shell out for the 76ers? Could Comcast-Spectacor break the record of $401 million for an NBA franchise transaction set by the Phoenix Suns and even approach the half-billion dollar figure?
April 26, 1998 |
When Larry Brown became the 76ers coach last May 5, the man with 14 years of NBA experience, with numerous teams, didn't accept the job because of his infatuation with the roster or the club's history. "I took this job because of Pat Croce and Ed Snider," Brown said. "To me, the two go together. Add them up, and they are the Philadelphia 76ers. I can't even imagine life in this organization without them. " Reached last night at his home in Malibu, Calif., Brown had no choice but to wonder.
March 24, 1996 |
Advocates of Center City as the site for a new baseball stadium once included Mayor Rendell and Phillies president Bill Giles, but the concept has been dying for some time. The deal that makes Comcast Corp. the majority owner of the 76ers, Flyers, and new CoreStates Center on South Broad Street will act as a magnet to draw any new stadium to South Philadelphia, and is likely to be the last, fatal blow for a Center City stadium. Giles is working with Comcast-Spectacor and developer Ronald Rubin, who brokered last week's megadeal to bring the teams and arenas under one ownership, on plans for a sports-themed entertainment and retail complex that would include a baseball stadium.