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Home > Company Index > Leisure > Professional Sports Teams & Organizations > The Heat Group

The Heat Group
 PROFILE
It's not the humidity that has Florida basketball fans sweating; it's the Heat. The Heat Group, better known as the Miami Heat, organized by former Philadelphia 76ers coach Billy Cunningham, joined the NBA as part of the 1988 league expansion. Disappointing results plagued the team until 1995 when Pat Riley, who had led the Los Angeles Lakers to four championships, was named head coach. With veterans Tim Hardaway and Alonzo Mourning (now sidelined with a kidney disorder), the team has become a perennial playoff contender but has yet to make the championship finals. The team moved into its new $215 million American Airlines Arena in 2000. Carnival Corporation CEO Micky Arison and his family own the team.

 COMPETITION
New York Knickerbockers (dossier)
Orlando Magic (dossier)
Philadelphia 76ers (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 89.90
1-Yr. Sales Growth: 171.6%
Employees: 80
Revenue per employee: $1,123,750.00

 KEY PEOPLE
• Micky Arison
    CEO
• Sammy Schulman
    CFO

 CONTACT INFO
601 Biscayne Blvd.
Miami, FL 33132
US
Phone: 305-577-4328
Fax: 777-777-4082
Online: Web Site

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