The Yokohama DeNA Bay Stars announced on January 21 that they increased their shares in Yokohama Stadium Co. Ltd. from 400,000 (5.75 percent) to 5,350,000 (76.87%) through their tender offer. The 4,950,000 shares cost 7.425 billion yen. Yokohama Stadium Co. Ltd. will officially become a consolidated subsidiary of DeNA on January 28.
Tag: Yokohama Stadium
DeNA has decided to acquire Yokohma Stadium Co., Ltd. in a takeover bid. They currently own 400,000 of the 6,960,000 outstanding shares in the company (5.74%). They will attempt to gain a majority of the shares with an offer of 1,500 per share between November 24, 2015 and January 20, 2016.
DeNA is hoping to accomplish three things by acquiring the stadium.
- They want to put down roots in Yokohama and show the city and fans they are serious about staying.
- They have big plans for their vision of creating a Community Ballpark and want to move fast (like changing the color of the orange seats to blue and converting the artificial turf to natural grass).
- They want to streamline operations (no more sharing of gate receipts and advertising revenue) and improve their chances at making a profit.
The Yokohama Bay Stars are thinking about acquiring Yokohama Stadium Co., Ltd. and additional shares to improve operation efficiency and their bottom-line. The Bay Stars finished 1.3 billion yen in the red for period ending in March 2015. The acqusition could help lower operating costs and increase revenues from advertising, sales, and tickets.
The Bay Stars and Yokohama Stadium Co., Ltd. have already met and agreed to the plans. The organization could begin placing take-over bids on additional in November in attempt to acquire over half by January. It could cost the Bay Stars about ten billion yen.
|Major Stockholders||Shares (%)|
|TV Asahi Holdings||5.74|
|Yokohama Bay Stars||5.74|
|Tokyo Broadcasting Holdings||5.74|
|Fuji Media Holdings||5.74|
|Bank of Yokohama||4.88|
The Bay Stars are also thinking about making renovations at Yokohama Stadium. Improvements include converting the artificial turf to natural grass and increase seating capacity.
Source: Nikkan Sports 10/15/2015, Nikkan Sports 10/14/2015, Yomiuri 10/14/2015, Daily Sports 10/14/2015, Sponichi 10/14/2015, Sanspo 10/15/2015, Sanspo 10/14/2015, Sanspo 10/14/2015, Lafla Inc; Sponichi 10/14/2015
The media learned on Sunday that the Bay Stars received a bomb threat on Saturday. In reaction to the threat, the organization increased security at the stadium -- the stands, parking lot, and various areas around the stadium -- for the Yomiuri Game on Sunday. Plain-clothed officers were also dispatched.
The Bay Stars are planning to take similar precautions for the remaining fourteen games at Yokohama Stadium this year.
Source: Sports Hochi 8/26/2013
As briefly mentioned yesterday, three new seats will be added to Yokohama Stadium over the winter for the 2013 season. A press release with additional details was posted today.
One Seat - 125 seats on the first base and third base sides
Two Seats - 14 season (7 pairs) on the first and third base sides
* The seats will be at field level in foul territory, down toward the foul poles.
Twin Seats - 244 seats (122 pairs) on the first and third base sides
Triple Seats - 12 seats (4 groups) on the first and third base sides
Three Seats - 6 seats (2 groups) on the first and third base sides
Four Seats - 32 seats (8 groups) on the first and third base sides
Five Seats - 130 seats (26 groups) on the first and third base sides
- Stadium usage costs will drop from 25% to 13% of ticket revenue.
- While 100% of revenue from current stadium ads will continue to go to the stadium owners, revenue from the new outfield fence ads will go to DeNA.
- The stadium will no longer have to pay the team an assistance fee (few hundred million yen a year).
- Some sort of of a team store will be set up in the park area outside of the stadium.
- Parts of the stadium will be upgraded, like the scoreboard.
DeNA announced today that they signed an agreement with Yokohama Stadium owners for the 2012 season. Team president Jun Ikeda is scheduled to meet with Yokohama Mayor Fumiko Hayashi on Wednesday to go over the details of the contract.
Kimiyasu Kudo attended a public radio recording in Yokohama on Sunday and said that he plans to decide within a week whether or not he will retire. When asked about the possibility of becoming the Bay Stars' next manager, Kudo said, "As a former Yokohama player, I want to see them get stronger. I have not received an offer, but if something does come along, I would like to make an announcement. Encounters can be really important."
Yokohama City is spending about about 170M yen to clean up the park area around Yokohama Stadium. The project got underway earlier this month and should mostly be finished by late March. Amongst the changes being worked on is converting the dirt areas near the outfield entrances over to grass.
Regarding Yokohama Stadium itself, it seems DeNA may have a better chance to restructuring a new deal with stadium owners as both sides have said only positives things: DeNA is quoted as saying, "5 minutes into meeting [Yokohama Stadium officials] and we knew things would be ok. Yokohama will be much better next year," while Yokohama Stadium president Hiroshi Tsuruoka told reporters on Monday, "Unlike TBS, I feel like working with them."
I'll keep this updated throughout the day.
Yokohama Bay Stars
14,610 were in attendance for the Bay Stars first night game at Yokohama Stadium this year. At the start of the game, 55% of their lights were turned; that was bumped up to 75% from the 3rd inning; and in the bottom of the 5th, the umps requested all lighting to be turned on because it was getting increasingly difficult to see the ball. UPDATE 5/7 @ 1:26pm - The Bay Stars used about 8,000 kWh for their game yesterday, down from their May 2010 average of about 12,000 kWh.
15,704 fans attended the Eagles' first night game at Kleenex Stadium this year. Rakuten managed about a 15% reduction in energy usage.