A Former 5-Star RB Recruit Is Out For The Season

first_imgA general view of Florida State's football field.TALLAHASSEE, FL – OCTOBER 7: Doak S. Campbell Stadium during the first half of an NCAA football game at Doak S. Campbell Stadium on October 7, 2017 in Tallahassee, Florida. (Photo by Butch Dill/Getty Images)It has been a miserable start to the season for Florida State. The Seminoles’ nightmare September got even worse today with injury news regarding running back Khalan Laborn.Laborn, a former five-star recruit, injured his knee in the win over Samford on Sept. 8. He had surgery last week, and originally, it was thought he might be able to return at some point this fall.However, that won’t be the case. FSU head coach Willie Taggart announced tonight that Laborn is out for the season.Laborn dislocated his kneecap on the kick return when he got injured, and apparently the injury was worse than it appeared at first.Willie Taggart updates status of Khalan Laborn to say that he’s out for the season. He had surgery last Friday and they found out injury was more severe than anticipated.— Curt Weiler (@CurtMWeiler) September 17, 2018An explosive athlete, Laborn was a five-star prospect in the 2017 class. He redshirted last season, but was expected to contribute heavily this year.In his lone offensive touch of the season, Laborn turned a short reception against Virginia Tech into a 37-yard gain. He also returned three kicks for 64 yards.You couldn’t have drawn up a worse beginning of the season for Florida State. There is already a GoFundMe to replace Willie Taggart, who is in his first season in Tallahassee.The Seminoles will look to get back in the win column when they host Northern Illinois this Saturday.last_img read more

SkiDoo snowmobile maker BRP Inc files for initial public offering of shares

Ski-Doo snowmobile maker BRP Inc. files for initial public offering of shares by The Canadian Press Posted Apr 17, 2013 1:08 pm MDT MONTREAL – The maker of Ski-Doo snowmobiles is launching an initial public offering.BRP Inc. says it is planning an offering of subordinate voting shares in the Quebec-based maker of snowmobiles, personal watercraft and all-terrain vehicles.The company said it believes the outlook for the industry is positive due to the improving economic environment, growth in new product lines and growth in international markets.“Things are reshaping after the crisis. We think people will want to renew with new technology and new vehicles, what not,” said Pierre Pichette, vice-president of communications and public affairs for BRP.In addition to Ski-Doo, BRP also makes Lynx snowmobiles, Sea-Doo watercraft and boats, Can-Am all-terrain vehicles and Evinrude outboard engines.BRP would not disclose how many shares it planned to sell or how much they would cost but said that information would be available in the coming weeks.BRP says it will also issue multiple voting shares to its current owners, who will continue to have significant influence over the company.The business was spun off from Bombardier Inc. (TSX:BBD.B) in 2003 when it was sold to members of the Bombardier and Beaudoin families, U.S. private equity firm Bain Capital and the Caisse de depot for $960 million.The company is currently owned by a subsidiary of Bain Capital, the Beaudier group and the Caisse. Bain owns half the equity, the Beaudier group has a 35 per cent stake and the Caisse has 15 per cent.Beaudier Inc. is a family-owned company controlled by Laurent Beaudoin, who is a former CEO of Bombardier Inc. and a son-in-law of Joseph-Armand Bombardier, the Quebec inventor who founded the company.BRP says the timing of the IPO is to help the company pay down a US$146-million term loan that matures June 2013 and a US$510-million term loan maturing in June 2016.“We want to reduce our long-term debt,” said Pichette.The prospectus, which was obtained through DisclosureNet.com, also reveals that the company paid $376 million in special distributions on April 13 and plans to pay an additional $155 million in dividends to its current shareholders prior to closing the IPO.It expects to spend about $140 million on capital projects in the current financial year, primarily to tool up for new products.BRP said it does not anticipate paying any dividends on its shares after the offering.“The company currently intends to use its earnings to finance the expansion of its business and to reduce indebtedness. Any future determination to pay dividends on the shares will be at the discretion of the board of directors,” the company said.At the end of its financial year on Jan. 31, BRP had $542.4 million of cash including $444.8 million of net cash flows from its operating activities.The company earned $2.9 billion in revenue and a profit of $121 million in the financial year ended Jan. 31. That compared with a revenue of $2.65 billion and a profit of $83.5 million in the financial year ended Jan. 31, 2012.Based in Valcourt, Que., BRP has approximately 6,800 employees around the world. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more