April 29, 1989 |
The operators of Sports Specialties Corp. in Irvine offered Friday to buy out the chairman of bankrupt MacGregor Sporting Goods for more than $3 million as the first step in their plan to buy and revive the New Jersey company. James H. Warsaw, president of the Irvine cap manufacturer, said he submitted his investor group's proposal to Frederic H. Brooks, MacGregor's chairman and its largest shareholder with 25% of the stock. MacGregor, one of the most prominent names in athletic equipment and clothing, filed for protection from creditors under Chapter 11 of the U.S. Bankruptcy Code last month.
January 20, 1994 |
Sports merchandiser James H. Warsaw said Wednesday that he wants to settle a lawsuit he filed against Nike Inc. by having the athletic products giant donate $700,000 worth of apparel to earthquake victims and $300,000 in cash to other charitable causes. Warsaw, former president of Nike's Sports Specialties Corp. subsidiary in Irvine, said he would drop his portion of the fraud and breach-of-contract suit that he and his brother filed two months ago if the Beaverton, Ore.
April 14, 1989 |
George Bush, First Sportsman, is a man who has worn many hats: Stetson, fisherman's cap, football helmet. But on Thursday, Bush received what could be the most unusual athletic attire of his sporting life--an All-American baseball cap embroidered with CCCP, the Cyrillic alphabet initials for the Union of Soviet Socialist Republics. And he owes it all to glasnost and Sports Specialties Corp., the Irvine maker of Pro brand baseball caps. Sports Specialties has moved quickly into international sales with separate contracts to supply caps to the national baseball teams of 80 countries and to the Soviet national baseball team for its U.S. tour, which began Monday.
November 23, 1993 |
In a bitter split with Nike Inc., brothers Robert and James Warsaw have resigned as top managers of the giant company's Sports Specialties Corp. unit and have sued Nike for $2 million. The Warsaws, whose father founded Sports Specialties, filed their fraud and breach of contract suit in Orange County Superior Court on Friday.
May 3, 1989 |
A week after presenting a plan to take over MacGregor Sporting Goods Inc., the operators of Sports Specialties Corp. in Irvine decided Tuesday to drop their bid. James H. Warsaw said new demands by MacGregor's chairman made the purchase "less attractive" to a group headed by him and his brother, Robert A. Warsaw. Robert is chairman and James is president of Sports Specialties, makers of Pro brand baseball caps. "He brought up new provisions that would complicate, stall and make less attractive our proposal," Warsaw said.
December 23, 1993 |
Sports-Marketing Studies: Sports marketing, already a big business, is going to get bigger. And Newport Beach-based resident James Warsaw, a 1969 graduate of the University of Oregon, thinks it's about time someone starts to study the phenomenon. So Warsaw recently pledged $250,000 to the University of Oregon--and promised to raise an equal amount--to create a center to study sports marketing and promotion. Warsaw, 46, hopes that the James H.