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Daniel Kaplan

Staff writer Daniel Kaplan covers the NFL, finance and tennis.

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NHL prepares loan pool that will top $1B

04 / 14 / 14

Boosted by its lucrative new Canadian media deal and other revenue growth, the NHL is preparing a groundbreaking credit facility of at least $1 billion that for the first time would allow clubs to borrow from a centralized loan pool, finance sources said. The NHL’s longtime banker, Citigrou...

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Tags: Finance

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Hotel plan boosts Heisman club

The Downtown Athletic Club, home of the Heisman Trophy, has formally emerged from bankruptcy. The club plans to sell the upper level of its 35-story, downtown Manhattan building to an investment group that plans to use the space as a hotel. The historic club, which has been awarding the tro ...

Quokka speeding toward big IPO

Investors this week should get their first crack at buying shares in Quokka Sports Inc., the Internet sports broadcaster that is expected to lose well over $10 million this year. Quokka's scheduled initial public offering should provide some sorely needed capital for the company, which broadcast ...

Tags: Championship Auto Racing Teams Inc., Compaq Computer Corp., Nasdaq, NBC, Quokka Sports Inc., Whitbread

Not all getting fat at NFL table

Contrary to conventional wisdom, this is not the gilded age for some NFL clubs. The league's nine-year, $17.6 billion media deal inked to great fanfare early last year was supposed to make its teams financially bulletproof. But it hasn't. The Green Bay Packers would have lost $10 million in 1 ...

Tags: Baltimore Ravens, Carolina Panthers, Cleveland Browns, Dallas Cowboys, Denver Broncos, Florida Panthers, Game Plan LLC, Green Bay Packers, MARC Advertising, Minnesota Vikings, New England Patriots, New Orleans Saints, New York Giants, New York Jets, NFL, San Francisco Giants, Sportscorp Ltd., Washington Redskins

ATP Tour brings Fila into the fold

Fila Holdings S.p.A. will become the second major global sponsor of the men's tennis tour beginning in 2000, the ATP Tour plans to announce this morning in London, according to tennis sources. The announcement would be the first by the ATP since the tour said in May that it planned to create an ...

Tags: Fila, ISL Marketing, Legg Mason Inc., Mercedes Benz

IMG does tourney two-step to please tours

IMG plans to sell two tennis tournaments as part of its deal to buy the Ericsson Open, one of the sport's most prestigious events. The sales are being pushed by the men's and women's tennis tours, which sanction most tournaments and are concerned about IMG's concentration of tournament ownershi ...

Tags: IMG, ISL Marketing, Mercedes Benz, WTA

Ascent spat ready to spill into court

BY LIZ MULLEN AND DANIEL KAPLAN STAFF WRITERS Thursday is D-Day for Ascent Entertainment Group Inc. That is when a Delaware court will hear arguments from shareholders seeking to stop the company's agreement to sell its two professional sports teams, the Denver Nuggets and Colorado Aval ...

Tags: Colorado Avalanche, Denver Nuggets, Nasdaq, PepsiCo, Wal-Mart Stores Inc.

McEnroe serves up an idea for N.Y. academy to USTA

Tennis's bad boy wants to do some good in New York. John McEnroe has been in discussions with the U.S. Tennis Association about creating a tennis academy at the National Tennis Center in Queens, home of the U.S. Open. The center sits vacant most of the year, waiting for the two weeks in Septembe ...

Tags: CBS Broadcasting Inc., Invacare Corp., NBC, USA Sports

Angry Ascent shareholders seek suitors

Critics of Ascent Entertainment Group Inc.'s agreement to sell its two professional sports teams and arena are aggressively seeking out purported bidders who were rebuffed by the company, including an unidentified Colorado billionaire who still may emerge as a rival buyer. These developments com ...

Tags: Ascent Entertainment Group Inc., Colorado Avalanche, Denver Nuggets, MARC Advertising, Nasdaq, NBA, NHL, PepsiCo, Sportscorp Ltd., Wal-Mart Stores Inc.

McDonald cuts Tribe stake

McDonald Investments Inc. has further reduced its stake in the Cleveland Indians Baseball Co. (Nasdaq:CLEV), according to a securities document the Cleveland brokerage firm filed with the Securities and Exchange Commission last week. McDonald now owns 487,061 shares, or 11.8 percent of the compa ...

Tags: Cleveland Indians, McDonald's Corp., Nasdaq

TV toasts to French ratings

Use Andre plus Steffi, toss in a sobbing Martina, sprinkle with some red clay, and what you get is a ratings success for NBC's French Open finals coverage. The network smashed last year's results with that recipe, as the compelling stories of Andre Agassi and Steffi Graf helped feed NBC's rating ...

Tags: CBS Broadcasting Inc., NBC

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