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Big sponsorship, seat license sales allow 49ers to refinance early05 / 13 / 13The San Francisco 49ers plan to refinance their $850 million of stadium debt obligation in the next two months, sources said, well over a year earlier than originally projected. The team last week hosted a bank meeting at the site of the 49ers’ new Santa Clara, Calif., stadium on the same d... Tags: Finance |
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Field of golf mutual funds now a twosome
Golf enthusiasts now have two choices if they want to put their money where their game is following the debut of the second mutual fund tied to the sport in a week. The new Value Trend Links Fund follows the Golf Associated Fund, which went public on Jan. 1. The Links Fund will be managed by th ...
Tags: Adams Golf Inc., Ashworth Inc., Microsoft Corp., Titleist
Browns get $100M credit line at hometown bank
The expansion Cleveland Browns opened a $100 million line of credit with National City Corp. late last year. The Browns declined to borrow from BankAmerica Corp., which lent seven teams $400 million late last year after an NFL bond deal the bank was leading collapsed. Browns owner Al Lerner ins ...
Tags: Cleveland Browns, First Union Corp., Hibernia Corp., Microsoft Corp., National City Corp., New Orleans Saints, New York Giants, NFL, San Francisco Giants
Vinny & the Jets climb the retail charts
The New York Jets are almost assured of establishing a team-best ranking for merchandise sales, no matter the result of last Sunday’s first home playoff game in 12 years. The remarkable campaign of coach Bill Parcells’ Jets had the team ranked 11th out of the 31 NFL teams in merchandise sales as ...
Tags: Denver Broncos, Microsoft Corp., New York Jets, NFL, Reebok, Starter Corp.
Action can't get its stock out of the pits
Action Performance Cos.' financial history reads like a winner: Sales nearly doubled to a record $250 million last year and are expected to jump to $350 million this year. The auto-racing-collectible maker and merchandiser is viewed by many Wall Street experts as an excellent vehicle to pro ...
Tags: Action Performance Cos., Dale Earnhardt Inc., NASCAR, Wheat First Union Corp.
Lipton tourney: $750K in ads
The Lipton Championships plans to begin a $750,000 advertising blitz today, one of the largest expenditures of its kind by a tennis tournament. The campaign will feature advertisements on local and regional television and radio, plus print ads in national publications such as Tennis magazi ...
Tags: Ericsson Inc.
NFL ban on corporate owners likely to remain in place for ...
The Cleveland Browns attracted six bidding groups, with the winner paying $530 million. The Redskins have eight interested groups, with one reportedly willing to pay more than $700 million. While each of these sales is different, there is one common thread: Because of NFL rules, no corporations ...
Tags: Cleveland Browns, Legg Mason Inc., NFL, NHL, Washington Redskins
TV blamed for demise of ABL
Goliath slew David. To the dismay of many in the sports world, the American Basketball League conceded defeat in its bitter battle with the NBA-owned Women's National Basketball Association. The ABL, once a brash pioneer in women's professional sports, said last week it would declare bankruptcy ...
Tags: Bonham Group Inc., Bruce Levy Associates International Ltd., CBS Broadcasting Inc., ESPN, Fox, Game Plan LLC, MARC Advertising, NBA, NBC, Phoenix Home Life Mutual Insurance Co., Reebok, Salomon Smith Barney, Sportscorp Ltd., WNBA
Yanks crank marketing bank
What can the New York Yankees do as an encore after their unprecedented 1998 season? For one thing, start marketing. At least that is the mission Joe Perello has set for the club, which historically has done little to promote its on-the-field product. But Perello, hired from credit card giant MB ...
Tags: Cleveland Indians, L.L. Bean, MBNA America Bank, MLB, New York Knicks, New York Yankees, Steiner Sports Marketing, YankeeNets
Loan secured, Pens turn to reorganization turn to reorganization
The Pittsburgh Penguins survived a few hard checks from some of their creditors, but after receiving the blessing of a bankruptcy court judge last week for a new $20 million loan, the team can skate comfortably through the season. The infusion of capital will keep the team afloat through the res ...
Tags: First Union Corp., Fox, Game Plan LLC, Leisure Management International, NHL, Pittsburgh Penguins
Big Apple takes NBA lockout hit
The New York City economy stands to lose $236 million if the NBA season is canceled because of the ongoing players lockout, the city's comptroller has warned. The brunt of the losses would hit Madison Square Garden, home of the New York Knicks, and the dozens of hotels, restaurants and bars that ...
Tags: MSG Network, NBA, Brooklyn Nets, New York Knicks, YankeeNets



