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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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Indians busy pitching their stock

Not much has gone right for the Cleveland Indians Baseball Co. since its initial public offering in June 1998. The company's team lost in October to the New York Yankees in the American League Championship Series, and the stock has sunk like a rock. The shares have shown signs of life recently, ...

Tags: Baltimore Orioles, Cleveland Cavaliers, Cleveland Indians, Milwaukee Bucks, Nasdaq, New England Patriots, New York Yankees, YankeeNets

Track stocks won't suffer, analysts say

While some investors dumped their shares in auto racing companies in the wake of the deadly accident at Lowe's Motor Speedway at Charlotte during an Indy Racing League contest, equity experts are certain the incident will not financially impair the motorsports sector. Open-wheel races, even if t ...

Tags: Championship Auto Racing Teams Inc., First Union Corp., International Speedway Corp., IndyCar, Lowe's Companies Inc., NASCAR, Nasdaq, Speedway Motorsports Inc., Wheat First Union Corp.

ATP deal to cost ISL early on

Skeptics who doubted that ISL Worldwide's $1.2 billion marketing deal with the ATP Tour could possibly be profitable for the Swiss firm are right — at least initially, say the firm and officials of the men's tennis tour. "To do this right, it is a bit of rebuilding of the tour," said Larry ...

Tags: Ericsson Inc., ESPN, ISL Marketing, Mercedes Benz, WTA

Lacrosse ready for growth spurt

The National Lacrosse League is set for an aggressive round of expansion that could see it add up to five teams in the next two years, nearly doubling the current league size. It is full steam ahead at the NLL's Buffalo headquarters after the April 23 championship game sellout at Maple Leaf Gard ...

Tags: Buffalo Sabres, Maple Leaf Gardens Ltd., National Lacrosse League, NHL

Deal keeps the Heisman at home

The Heisman Trophy will make it into the next millennium safely ensconced in its current digs. The Downtown Athletic Club, home of the Heisman, settled its bankruptcy case with its lead creditor last month and will not be evicted from its home in lower Manhattan. So ends perhaps the greatest ...

Poor N.Y. play just a nuisance

The New York Knicks and Rangers can thank their lucky stars they are owned by media conglomerate Cablevision Systems Corp. Their fat paychecks and thin performance could have spelled serious financial difficulty for a typical sports team owner. Playoffs often make the difference between red and ...

Tags: Cablevision Systems Corp., Fox, Legg Mason Inc., Los Angeles Angels, Los Angeles Dodgers, MSG Network, NBA, New York Knicks, New York Rangers, News Corp, Southwest Sports Group, Texas Rangers, Walt Disney Co.

Raleigh puts on a tourney in a hurry

It was April Fools' night when Karen Scott Happer received a call on her cellular phone that surely must have been a joke: The U.S. Tennis Association wanted to know if Happer, the tournament director of the BTI Championships in Raleigh, N.C., could organize and host the KB Fed Cup in two weeks' ti ...

Tags: ESPN, IMG, ProServ Inc., RHB Ventures Inc.

Aetna re-signs for U.S. Open Kids' Day

Aetna Inc. has renewed its sponsorship of Arthur Ashe Kids' Day, the one-day children's tennis and entertainment festival that takes place the Saturday before the U.S. Open. Aetna agreed to a five-year, low-seven-figure deal, according to a source familiar with the situation, which replaces the ...

Tags: Aetna U.S. Healthcare, CBS Broadcasting Inc., Mutual Life Insurance Co.

Sportsco pays $74M to buy ailing SkyDome

Sportsco International Inc. last week said it had secured the financing necessary for its $74 million (U.S.) purchase of SkyDome, days before a court-ordered deadline was to expire. Thus ends the latest chapter in SkyDome's long-running, stormy financial saga. Opened in 1989 and touted then as b ...

Tags: Air Canada, Boston Celtics, Labatt Brewing Co., Pittsburgh Pirates, Toronto Blue Jays

Chase syndicates Vikings owner's loans

Chase Manhattan Corp. (NYSE:CMB) has finalized $150 million of loans to Minnesota Vikings owner Red McCombs, which the Texas car dealer had used in part to buy the football team. Last February, Chase loaned $100 million to the team and $50 million to the club's holding company, Purple Pride Inc. ...

Tags: Chase Manhattan Corp., Minnesota Vikings, NFL

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