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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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WTA sponsorship chase continues

The WTA Tour continues to have title sponsor discussions, despite a report that the women's tennis association had scaled down its approach, the tour and its marketing agent say. The trade publication Brandweek reported two weeks ago that the tour was now pitching a scaled-down, $3.5 million-a-y ...

Tags: Corel Corp., IMG, Regency Enterprises Inc., WTA

Giants trade fixed rate to lower debt payments

The San Francisco Giants recently completed a swap, but it wasn't a player trade with another club. Instead, the team completed an interest-rate swap with another company. The Giants had been paying a fixed interest rate on $170 million of bonds the club issued in November 1997 to help pay for i ...

Tags: Chase Manhattan Corp., New York Giants, NFL, Pacific Bell, San Francisco Giants

Cablevision shareholder cuts stake

Cablevision Systems Corp.'s largest outside shareholder reduced its stake in the sports and cable giant to 8.52 percent from 9.5 percent. Gabelli Funds, managed by well-known funds pitchman Mario Gabelli, remains the largest outside investor in the company, which is controlled by the Dolan famil ...

Tags: Cablevision Systems Corp., Fox, MSG Network, New York Knicks, New York Liberty, New York Rangers, Southwest Sports Group, Texas Rangers

$215M in Dallas arena bonds sell

The group behind the private financing for the American Airlines Center in Dallas has sold $215 million in bonds to private investors, closing the transaction on the last day of April, sources familiar with the deal say. The proceeds will be used to fund the group's arena finance costs. The Aren ...

Tags: American Airlines Inc., Chase Manhattan Corp., Dallas Mavericks, Dallas Stars, Southwest Sports Group

Panthers' new arena turns loss into profit

Boosted by its lucrative deal with the National Car Rental Center, the company that owns the Florida Panthers earned roughly $7.7 million managing the team and arena during most of the recently completed National Hockey League regular season. That would make the Panthers one of the few NHL clubs ...

Tags: Carolina Panthers, Florida Panthers, National Car Rental, NHL, SMG

IMG tries hand at fashion in Prada deal

One of Europe's leading fashion houses, Prada, has agreed to sponsor IMG's two top sports academies as part of an effort to launch a golf and tennis apparel line. While fashion designers entering the sports market is no longer new — and Prada launched its first sports line last year — ...

Tags: Adidas, Fila, IMG, Nickelodeon, ProServ Inc., RHB Ventures Inc., Tommy Hilfiger

Financier puts 'buy' rating on NBA teams

A recently completed, bitter labor lockout. Michael Jordan retires. Poor play. Loud, obnoxious stars. Now's not the time to be thinking about owning an NBA team, right? Wrong. That at least is the conclusion of John Moag, the former head of the Maryland Stadium Authority who now runs Legg Ma ...

Tags: Legg Mason Inc., MLB, NBA, NBC, NHL, Time Warner

ISC-Penske marriage creates a speedway superpower

BY BILL KING and daniel kaplan Staff writerS The merger of two of the speedway industry's three titans last week created a mammoth vehicle for companies that sponsor motorsports. By adding Penske Motorsports Inc.'s four tracks to its own stable of six, International Speedway Corp. increased t ...

Tags: Action Performance Cos., International Speedway Corp., Joyce Julius and Associates, NASCAR, Nasdaq, Penske Corp., Wheat First Union Corp.

Indians are the latest succession story

Estate planning may be emerging as one of the biggest issues in sports ownership as the end of the century approaches. The Cleveland Indians' 73-year-old owner, Richard Jacobs, shocked the baseball world Thursday by announcing he had hired Goldman Sachs & Co. to seek a buyer for his team, the o ...

Tags: Cleveland Browns, Cleveland Indians, Fox, Game Plan LLC, Los Angeles Dodgers, MARC Advertising, Nasdaq, Brooklyn Nets, New York Jets, New York Rangers, New York Yankees, News Corp, NFL, Southwest Sports Group, Sportscorp Ltd., Texas Rangers, Washington Capitals, Washington Redskins, YankeeNets

Is sports cause of teen violence —— or the cure?

The killings in Littleton, Colo., have triggered a spirited national conversation: How could this have happened? What does it say about the signals we send young people? And, more importantly, how can we minimize the chances of it occurring again — and curb violence in general? For generati ...

Tags: New York Knicks

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