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Micky Arison

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» Friday, July 6 2012

Damien Wilkins: My man Ray Allen headed to the Heat! You guys are getting a first class person and player. Been my mentor and friend since day 1!! Congrats Twitter

 

» Tuesday, July 3 2012

Miami Heat owner Micky Arison is thrilled the team won the NBA title, but he says he’s hardly ringing up the cash register. Arison told CNBC that the final numbers aren’t in yet, but his guess is that the team lost money again. CNBC

“This is a hobby of passion, it’s not a business,” said Arison, the CEO of Carnival Cruise Lines who took control of the team in 1995. “Every year in the building we’ve lost money aside from last year, under the old Collective Bargaining Agreement, because of LeBron.” CNBC

The Heat have been playing in American Airlines Arena for 12 seasons. They also haven’t ever paid rent thanks to loopholes in the agreement with Miami-Dade County including a clause that allows the team to pay itself back for its contributions to the arena’s cost before sharing the wealth. So how does Arison explain how the team might have lost money after selling out its second straight season and 13 home playoff games? “With the new Collective Bargaining Agreement, it works against us because of the dollars we had under contract already and the revenue sharing,” Arison said. CNBC

 

» Monday, June 25 2012

 

» Saturday, June 23 2012

"This was the biggest rollercoast ride I could ever remember," Arison said. "Down 2-1 to Indiana, everybody was saying we were too small now that Chris (Bosh) is down. Down 3-2 to Boston, everybody wrote us off. It's unbelievable." Through it all, Arison, 62, did what his young coach, Erik Spoelstra, kept asking his team to do. Weather the storm. There would be no fine-inducing rants toward the officials from Arison, the Carnival cruise magnate. No banging of his fist on the table at his front-row seat. No locker-room speeches from the quiet billionaire. Just support. Sun Herald

"I got thousands of tweets: 'Trade this. Fire this,' " Arison said. "Let's wait until it's all done. Let's see who's standing." Turns out that was the Heat, just as they believed it would be all along. "He's been the epitome of what an owner should be for a team," Heat co-captain Udonis Haslem said. "He's treated me outstanding from day one. When I get asked why people think about giving up money to stay here, I say this is why: Because it's a family atmosphere." Sun Herald

 

» Friday, June 22 2012

 

» Saturday, June 16 2012

 

» Wednesday, June 13 2012

Gail Van Campen's hot dog stand in Bricktown is apparently becoming a favorite among billionaire NBA team owners. During the Thunder's series against the Dallas Mavericks, she was visited by Mark Cuban. On Tuesday, she greeted Micky Arison, owner of the Miami Heat. He quickly reported via Twitter that Van Campen's stand in Bricktown was his “favorite restaurant in OKC.” Oklahoman

 

» Saturday, June 2 2012

 

» Sunday, February 26 2012

NBA Commissioner David Stern, accompanied by Deputy Commissioner Adam Silver and four members of the relocation committee, emerged from behind closed doors at 4:46 local time. Stern and the four owners - Glen Taylor (Minnesota Timberwolves), Clay Bennett (Oklahoma City), Mickey Arison (Miami) and Greg Miller (Utah Jazz) - were off to a board of governors meeting at the Amway Center. Stern said he planned to attend tonight's All-Star Game and then return to the hotel and rejoin the meeting. He said the good news is "we're still talking." Sacramento Bee

 

» Wednesday, February 15 2012

 

» Tuesday, January 17 2012

 

» Monday, January 16 2012

Carnival, a dual-listed American-British company that trades on both the New York and London stock exchanges, operates more than 100 ships with brands including P&O, Cunard and Princess Cruises. It accounts for almost half of the global cruise market. Carnival said the ship was insured for damage with a deductible of approximately $30 million, as well as insurance for third-party personal injury liability subject to an additional deductible of approximately $10 million for this incident. The company self-insures for loss of use of the vessel. A damage assessment review is underway, Carnival said, but the ship is expected to be out of service for the remainder of the company's current fiscal year -- if not longer. The company is 47 percent owned by Micky Arison, chief executive and son of the company's founder, and the broader Arison family. It has lost almost a third of its market value over the past year, amid investor worries about fuel prices and consumer weakness. New York Post

In a statement, Arison said he was "deeply saddened" by the shipwreck and the loss to life that resulted. The financial estimates related to the wreck were released amid reports that a sixth body was found early Monday in the cruise liner. Morgan Stanley Monday downgraded Carnival to equalweight from overweight and cut its price target on the UK-listed stock after the incident. Carnival's shares opened down 19 percent Monday. New York Post

 

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