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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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Securities filings: A peek behind scenes

EDGAR. 10Q. 10K. DEF14A. S-4. This is the vocabulary of securities filings, but the terms may as well be in Russian as far as many in the sports industry are concerned. These documents, however, can open up a window on a company's strategy, its profitability and, sometimes, its skeletons. In ...

Tags: AFL, Boston Celtics, Carolina Panthers, Championship Auto Racing Teams Inc., Churchill Downs Inc., Cleveland Indians, Florida Panthers, Green Bay Packers, International Speedway Corp., ISL Marketing, Nasdaq, Nashville Predators, National Car Rental, NHL, Seattle Storm

Messy lawsuit is one reason soccer is keeping to itself

Major League Soccer could be a perfect candidate to issue stock. The league is expanding, and attendance is on the rise. Financial losses have been steep, so initial public offering (IPO) proceeds could provide much needed capital for new stadiums and player development. One big problem: MLS Com ...

Tags: MLS

ATP closing in on 2 network deals

The ATP Tour is close to signing two deals that for the first time would broadcast the finals of its four major North American tournaments on network television. The men's tennis tour, through its marketing agency, ISL Worldwide, is close to inking an agreement with Fox Sports to televise in 200 ...

Tags: CBS Broadcasting Inc., Cleveland Indians, Ericsson Inc., ESPN, Fox, ISL Marketing

Going public makes company an open book

Championship Auto Racing Teams Inc. had to bail out the promoter of the sanctioning body's high-profile Brazilian race last year, lending a South American group $4.2 million to keep the event afloat. By characterizing the bailout as a loan rather than an expense, CART (NYSE:MPH) reported healthy ...

Tags: Arizona Diamondbacks, Carolina Panthers, Championship Auto Racing Teams Inc., Cleveland Indians, ESPN, First Union Corp., Florida Panthers, Fox, Game Plan LLC, Green Bay Packers, Integrated Corporate Relations, Los Angeles Dodgers, Nasdaq, News Corp, NFL, Time Warner, Walt Disney Co., Westport, Wheat First Union Corp.

New shareholders ride the Tribe's rise

Talk about good timing: Two investors bought large stakes in the Cleveland Indians Baseball Co. in the months before the club announced it had hired an investment banker to seek a buyer for the team. Shares of the company soared after the announcement. Chilton Investment Co. and Gruss & Co. acqu ...

Tags: Cleveland Indians, Nasdaq

Study: Premiership troubles loom

League revenue is surging, boosted by a lucrative media contract and attendance increases, but player contracts are spiraling out of control, threatening to cripple the sport. A description of Major League Baseball, or maybe the National Hockey League? Perhaps, but those conditions also descri ...

Tags: English Premier League, Manchester United, News Corp

Ascent sale draws critics

Ascent Entertainment Group Inc.'s pending sale of its Denver sports teams and arena may not be a done deal quite yet. One of Ascent's (Nasdaq:GOAL) largest outside shareholders may decide as early as this week to take action to try to halt the deal, as rumors of other bidders swirl around Denver ...

Tags: Ascent Entertainment Group Inc., Colorado Avalanche, Colorado Rockies, Denver Nuggets, Nasdaq, News Corp, PepsiCo

Arenas grow important for media rights

Cablevision Systems Corp.'s recent agreement to spend more than $100 million to help build a proposed ice hockey arena in Hoboken, N.J., is the latest example of media companies' quest to secure sports programming. Whether by buying the team or gaining leverage through arena finance, media conce ...

Tags: Cablevision Systems Corp., Comcast Corp., ESPN, Fox, Los Angeles Clippers, Los Angeles Kings, Los Angeles Lakers, MSG Network, Nasdaq, New Jersey Devils, Brooklyn Nets, New York Knicks, New York Mets, New York Rangers, New York Yankees, News Corp, NHL, Sacramento Kings, Southwest Sports Group, Staples, Texas Rangers, Time Warner, YankeeNets

SportsLine foresees going public in Europe

SportsLine USA Inc. hopes to spin off its new European division within a few years into a separate publicly traded company, Chief Executive Michael Levy said. The Internet sports media company plans a major effort in Europe, spending between $50 million and $100 million to replicate its U.S. mod ...

Tags: CBS Broadcasting Inc., Intel Corp., Nasdaq

AFL Predators merge into hockey

Seeking to move beyond arena football, Orlando Predators Entertainment Inc. planned to announce last Friday that it would merge with United Sports Ventures, which owns three minor league hockey teams. Orlando Predators Entertainment, a publicly traded company, owns the Orlando Predators and a 15 ...

Tags: AFL, ECHL, Nasdaq, Nashville Predators, San Diego Padres, UHL, United Sports Ventures

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