From horse racing to the NFL’s Tom Brady to the Baltimore Orioles, sports dominated the most popular stories generated by The Daily Record’s business reporters last week. And the latest twist in the city’s quest for a new sports arena cracked the top five after only day on our website.
“From a business perspective, again, these are losing operations that will continue to be in decline without some alternative revenue stream or these types of steep cuts,” said D. Eric Schippers, a Penn National spokesman. The company’s position made public rifts that have developed in the corporate family that runs thoroughbred racing in Maryland.
For its first NFL quarterback endorser Under Armour aimed high, and the Baltimore-based company didn’t miss, signing three-time Super Bowl winner Tom Brady of the New England Patriots to help it wrest market share from rivals like Nike Inc.
The Baltimore Orioles will pay the state $913,000 to settle a long-standing dispute over advertising revenues as part of a deal approved Tuesday night by the Maryland Stadium Authority.
A plan to raze a portion of the existing Baltimore Convention Center, the Sheraton Inner Harbor Hotel and its parking garage and replace them with an expanded convention center and new downtown arena has been endorsed by the board of the Greater Baltimore Committee.
Under the deal — the terms of which were not disclosed — Sportservice, a part of Buffalo-based Delaware North Companies, will manage all concessions, kiosks, catering, retail stores and dining operations within the park. The company and the Orioles will also implement an $11 million project to redesign the food and beverage stands at the park, the first of its kind since Camden Yards opened.