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  • CHASE ESTABLISHES SPORTS ADVISORY GROUP LED BY TILLISS

              The Chase Manhattan Corp. has established a group
         designed to focus exclusively on advising and financing the
         sports industry.  The Global Sports Advisory & Finance Group
         will be run by VP Robert Tilliss, who will report to Mark
         Davis, co-head of mergers and acquisitions who also has
         client management responsibilities for several of Chase's
         global industry groups.  The Tilliss-led group will utilize
         Chase's int'l corporate, private and venture capital client
         base to advise, structure and execute transactions for pro
         leagues, teams and facilities.  Chase has previously advised
         pro teams and currently has relationships with the NFL, NBA,
         MLB and NHL.  In addition, Chase Capital Partners recently
         joined with IMG to form IMG/Chase Sports Capital, which is
         designed to invest in the sports industry (Chase).  In
         AMERICAN BANKER, J. Alex Tarquino reports that Chase's
         syndicated lending muscle "has propelled it into the top
         ranks of domestic sports lending.  It was the third largest
         loan syndicator to the U.S. sports industry over the last 12
         months."  But the bank is "relatively late in organizing a
         sports industry group," as both Fleet and NationsBank have
         had specialty groups for years (AMERICAN BANKER, 8/13).
    
    

    Print | Tags: Bank of America, Finance, IMG, MLB, NBA, NFL, NHL
  • FINANCE NOTES

              News Corp., "showing improved performance across all of
         its businesses except newspapers," reported fiscal fourth-
         quarter net income of $233M, or $.23 per share, compared
         with write-down related losses of $270M posted in the same
         period last year.  Full-year net income more than doubled to
         $1.14B, or $1.17 per share, compared with $561M a year
         earlier, "driven mostly by gains from News Corp.'s 22 TV
         stations and movie performance" (WALL STREET JOURNAL, 8/13).
         ...Zapata Corp. CEO Avram Glazer, whose company has begun
         aggressively purchasing Web sites and hopes to establish its
         ZAP.com as one of the Web's leading portal sites,
         participated in an online chat on the Wall Street Journal
         site on Tuesday.  Glazer, on the types of sites Zapata is
         looking to acquire: "We look for sites that are unique, not
         easily duplicated (anyone can provide news, weather, and
         sports) -- sites with a loyal audience -- and sites that
         would fit well within the ZAP framework" (THE DAILY). 
      
    

    Print | Tags: Finance, News Corp./Fox
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