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PlaybyPlay Podcast: MarineMax (NYSE: HZO) Expanding Floor Plan Facility, and Life Time Group Holdings (NYSE: LTH) Opening Athletic Country Club in Arlington, VA

Djokovic Advances to Wimbledon Finals, and Arsenal Signs Jurrien Timber from Ajax

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


Vancouver, Kelowna and Delta, BC - July 14, 2023 ( Newswire), a global investor news source issues today's edition of Play by Play covering what's new in sports and esports headlines plus recent news from publicly traded companies.

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PlaybyPlay Podcast: MarineMax (NYSE: HZO) Expanding Floor Plan Facility, and Life Time Group Holdings (NYSE: LTH) Opening Athletic Country Club in Arlington, VA


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MarineMax, Inc. (NYSE:HZO) has announced the expansion of its floor plan facility from $750 million to $950 million, thereby increasing its liquidity and financial flexibility for the future. According to the press release, this larger facility "will be used to finance the purchase of new and used boat and yacht inventory." Michael H. McLamb, Executive Vice President, Chief Financial Officer and Secretary of MarineMax, said:

"The expansion of our floor plan facility, as provided by the accordion feature of our credit facilities, underscores the success of our growth strategy and the strength of our balance sheet. This increase is consistent with our historical practice of augmenting floor plan capacity as needed for growth. We appreciate the ongoing support and confidence of our bank group partners as we execute on our initiatives and deliver on our mission to provide customers with the world's best pleasure boating experience."

Life Time Group Holdings, Inc. (NYSE:LTH) has announced the opening of a one-of-a-kind athletic country club in Arlington, Virginia with Life Time Work, its premium coworking destination, set to open July 17. The development spans 113,000 square feet over four floors, including 85,000 square feet for the athletic club and 28,000 square feet dedicated to Life Time's premium coworking spaces. Parham Javaheri, Life Time's Chief Property Development Officer, explained:

"Life Time at The Clarendon Crossing is the ideal location for us as our expansion continues across key markets while also reinforcing our asset light growth strategy. As a result of our unique, flexible design capabilities and partnership with Regency Centers, we took what was intended to be a small, fitness-only offering and expanded our presence to create a space that features our full Life Time experience, including Life Time Work, to become a true anchor. We expect Life Time to be the heart of this development and bustling area."

Djokovic Advances to Wimbledon Finals, and Arsenal Signs Jurrien Timber from Ajax

The Associated Press reports that Serbian tennis superstar Novak Djokovic is advancing to the Wimbledon final after defeating Italian Jannik Sinner 6-3, 6-4, 7-6 (4) in the semifinals this morning. If Djokovic prevails in the finals, he will have captured his eighth Wimbledon title, tying with Roger Federer as the only two men to have won eight singles trophies at the tournament. Notably, the age gap between Djokovic and Sinner (36 and 21, respectively) was the largest between Wimbledon men's semifinalists in the Open era, and Djokovic "would be the oldest champion at Wimbledon since professionals were first allowed to compete that year."

The AP also reports that Islington, London-based football (soccer) team Arsenal signed Netherlands defender Jurrien Timber from Amsterdam club Ajax today so as to strengthen its defensive options for another run at the Premier League title and its return to the Champions League. Arsenal manager Mikel Arteta said:

"We're really excited that Jurrien has joined us. He is a versatile young defender who will fit into our system and provide our squad with so much added quality. Jurrien is a young player, but has already achieved so much. He has experienced what it's like to go to a major international tournament on more than one occasion, as well as the trophies he has won with Ajax."

Sam Mowers,

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About - Big Investing Ideas is a platform for investing ideas. We publish breaking stock news, stock research, guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders. Investor Idea's original branded content includes the Crypto Corner Podcast, Play by Play Sports Podcast, Cannabis News and Stocks on the Move Podcast, Cleantech and Climate Change Podcast, Exploring Mining Podcast, Betting on Gaming Stocks Podcast and the AI Eye Podcast. We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors.

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