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#Raptors Fire Head Coach, Jets Eliminate Predators and Nadal Breaks McEnroe’s Record at Madrid Open

Stocks discussed: (NasdaqGS: $COLM), (NYSE: $GPS), (NYSE: $WWE), (TSX: $SCYB.V)

Play by Play - the latest sports headlines and sports stock news

 

Point Roberts, WA and Delta, BC - May 11, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in investor news and research issues today's edition of Play by Play covering what's new in sports headlines and recent news from publicly traded companies in the sector.

Play by Play - the latest sports headlines and sports stock news

Raptors Fire Head Coach, Jets Eliminate Predators and Nadal Breaks McEnroe’s Record at Madrid Open

The Toronto Raptors have fired head coach Dwane Casey after seven seasons. This comes after being swept in the second-round of the playoffs for the second consecutive year by the Cleveland Cavaliers. ESPN quotes Raptors president Masai Ujiri:

"After careful consideration, I have decided this is a very difficult but necessary step the franchise must take," said Raptors president Masai Ujiri via a statement. "As a team, we are constantly trying to grow and improve in order to get to the next level. We celebrate everything Dwane has done for the organization, we thank him, and we wish him nothing but the best in the future. He was instrumental in creating the identity and culture of who we are as a team, and we are so proud of that."

Casey had one year remaining on his contract with the Raptors, worth $6 million. Casey was recently voted "coach of the year" by the National Basketball Coaches Association.

For the first time in their franchise history, the Winnipeg Jets will play in the conference finals after knocking out the Nashville Predators 5-1 in game 7 last night. The Jets were the first to score midway through the first period, following up with another goal 126 seconds later. The Jets held on to victory despite goalie Connor Hellebuyck facing 21 shots in the third period alone.

Rafael Nadal won his 50th straight set on the same surface, clay, yesterday as he beat Diego Schwartzman in the third round of the Madrid Open. This breaks the previous record set by John McEnroe of 49 consecutive sets won on carpet in 1984. The Associated Press quotes Nadal on the achievement:

"When my career is over, these are things that are going to be there for always. It's difficult to be able to win 50 sets in a row," Nadal said. "Well, it's done. It's over. Let's not talk about that anymore and let's continue on what we have ahead which is what I am concerned about."

Columbia Sportswear Announces New VP of Global Merchandising, WWE to Air Raw in Philippines and Scythian Biosciences Enters Agreement with Argentina-based ABP

Stocks discussed: (NasdaqGS:COLM), (NYSE:GPS), (NYSE:WWE), (TSX:SCYB.V)

Columbia Sportswear (NasdaqGS:COLM) has announced the appointment of Michael Richardson, former Vice President of Franchise Product for Gap Inc. (NYSE:GPS), as their new Vice President of Global Merchandising.

WWE (NYSE:WWE) has announced an agreement with Filipino broadcast network, 5, to air Raw in the Philippines. According to the press release, "Beginning this weekend, 5 will air a weekly one-hour version of Raw at 10 p.m. on Sundays and will continue to air a one-hour version of SmackDown® at 8:30 p.m. on Mondays."

Scythian Biosciences Corp. (TSX:SCYB.V) has entered a "business combination agreement" with MMJ International Investments Inc., which owns the Argentina-based ABP S.A. ABP is "a pharmaceutical import and distribution company with a license to import, sell and distribute medical products and derivatives in Argentina."

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