SBD/7/Finance

THOMAS TOURS WALL STREET: BIG HURT TAKES CUT AT ATHLETE BOND

          White Sox DH Frank Thomas is negotiating with NY-based
     securities firm SPP Hambro & Co. for a sale of $20M of nine-
     year bonds which "will give him a large lump of untaxed
     money immediately, while reducing his share" of the $7M 
     annual salary he is set to collect through 2006, according
     to Dan Weil of BLOOMBERG.  Tony Decello, VP at Investment
     Advisors Int'l, said "he heard" that the Thomas bond will
     carry interest payments of 7.5% to 8%, "about the same as
     utility bonds with a junk rating of BB3."  Decello: "To
     borrow at 7-8 percent and invest and earn 10-12 percent --
     that's the play."  Weil wrote that the risks that must be
     taken to earn double-digit investment returns "cause some
     athletes' financial advisers to reject the bond idea."  Jan
     Plewes of Advantage Int'l: "We're conservative, so I don't
     see where we would advise doing it."  FAME co-Founder Curtis
     Polk also said that he wouldn't be interested in bonds for
     his clients.  A spokesperson for Thomas "wouldn't say how he
     will invest the proceeds from his bond sale" but one report
     said that Thomas "will use the money to fund his businesses,
     including a record label" (BLOOMBERG, 8/6). In N.Y., Richard
     Wilner confirms that Thomas' record label, Un-D-Nyable
     Entertainment, "is looking to expand" (N.Y. POST, 8/7).

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