Glass selling Wal-Mart shares
David Glass, whose $96 million offer for the Kansas City Royals is expected to be considered by MLB owners this month, is selling nearly 40 percent of his Wal-Mart Stores Inc. stock to finance the purchase. Glass, who has been with Wal-Mart since 1976, stepped down as president and CEO in January but retains a full-time role with the company and will continue to do so for about a year.
Voters oppose tax, poll shows
Miami-Dade County voters are opposed to a proposed tax on cruise-ship passengers to help build a new stadium for the Florida Marlins, according to Washington polling firm Schroth & Associates. The firm said it sampled 600 voters for the survey, which was paid for by the cruise industry. Results showed that 35 percent favor the tax, 60 percent oppose it and 5 percent are undecided. The money would help pay for the team's proposed $400 million ballpark.
Rexall completes acquisition
Vitamin and nutritional supplement-maker Rexall Sundown Inc. of Boca Raton, Fla., completed its $71.5 million acquisition of Worldwide Sport Nutritional Supplements Inc., a Largo, Fla.-based sports nutrition company.
Worldwide moving Bolle
Overland Park, Kan.-based Worldwide Sports and Recreation Inc., which purchased Bolle Inc. in February, is moving Bolle's Denver headquarters to Kansas, bringing 40 jobs. Worldwide Sports makes Bushnell, Voit and Bausch & Lomb brands of eyewear. The company bought the Bolle eyewear brand for $85 million.
Stadium status debated
Hamilton County officials are negotiating with the Cincinnati Bengals to decide what work on Paul Brown Stadium must be completed in time for its scheduled fall opening and whatwork can be finished later. The county will forfeit $2 million in sales tax revenue to the Bengals if the stadium isn't deemed football-ready for the first game. Local representatives have been researching what "football-ready" has meant in other cities.
