Inside these posts: NHL

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Championship season seen for sports logo goods

Demand for jerseys, caps, video games, toasters and other items with sports logos has been a winner this year, and teams and leagues expect that streak to continue into the holiday season even with unemployment still high.

“If your team is winning and you’re excited about it, you want to be a part of it,” said Stu Crystal, vice president of consumer products for Major League Soccer. “It makes them forget about worrying if they’re going to lose their job or their houses went down in value and how they’re going to pay the mortgage.” Get the full story »

NHL signs U.S. sponsorship deal with Discover

The National Hockey League has signed a one-year sponsorship deal making Discover Financial Services the league’s official U.S. credit card, and its first financial sponsor in that market.

The deal, worth several million dollars including advertising commitments by Discover, puts the NHL’s overall sponsorship revenue about 30 percent above last year’s rate, said Keith Wachtel, NHL senior vice president of corporate sales and marketing. Get the full story »

Chicago investor submits $25M for hockey team

The city of Glendale, Ariz., says a prospective buyer of the Phoenix Coyotes hockey team has deposited $25 million in an escrow account “in a show of good faith.”

Glendale, in a news release Friday, said the buyer has asked for confidentiality because negotiations are ongoing, but there have been multiple reports the city has been in talks with Chicago investor Matthew Hulsizer.

The figure is equal to the amount of city funds Glendale had deposited, at the NHL’s insistence, to cover potential losses for the coming season while a local buyer was sought. Get the full story »

Discover Financial sponsoring Orange Bowl

Discover Financial Services, a distant fourth in the credit-card industry, is raising its profile as the new title sponsor of one of college football’s most prestigious bowl games – the Orange Bowl, of course.

The Riverwoods-based company, which has orange in its corporate logo, replaces longtime sponsor FedEx, which ended its 21-year run.

Discover joins Allstate Corp. as a Chicago-area sponsor of a major college football bowl game. Get the full story »