SBD/13/Finance

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).

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Related Topics:

Bank of America, Finance, IMG, MLB, NBA, NFL, NHL

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