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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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04/19/99
WTA continues to outscore men's tennis

Women's tennis in 1999 continues to grow at a faster pace than the men's game at the gate and outdraw them on television, accelerating a trend that began in earnest last year. So great is the allure that Home Box Office expects to dedicate 70 percent of its Wimbledon coverage this summer to wome ...

Tags: Fox, Sybase, WTA

04/19/99
ATP Tour, ISL push it to the brink

After nearly a year of negotiations, the ATP Tour plans to announce its ambitious $1.2 billion marketing agreement with ISL Worldwide in Monte Carlo on Friday morning. But if the oft-delayed announcement is set back again, the project's crucial television package could be endangered. The ATP's m ...

Tags: Ericsson Inc., ESPN, Eurosport, ISL Marketing

04/12/99
Lightning purchase would also lean on loans

While the NFL last week was ready to reject Howard Milstein's failed bid to buy the Washington Redskins because, in part, it contained too much debt, William Davidson is planning to finance as much as half, and maybe more, of his offer for the Tampa Bay Lightning with bank loans. The Detroit Pis ...

Tags: Detroit Pistons, NFL, NHL, Palace Sports and Entertainment, Pittsburgh Penguins, Tampa Bay Lightning, Washington Redskins

04/12/99
Organizer dismisses anti-NYC talk

Dan Doctoroff asks his visitor if he thinks the Olympics should come to New York, almost as if the professional investor needs an extra voice of support for his campaign to land the Games. As the head of NYC 2012, the organization seeking to bring the tarnished Olympic rings to the Big Apple, Do ...

Tags: Chrysler Corp., Comerica Inc., New York Yankees, YankeeNets

04/12/99
Fleet, MLB loaning Bucs $90M

The Pittsburgh Pirates plan to borrow $90 million from Fleet Financial Group Inc. and Major League Baseball to fund the team's financial obligation for its new stadium, refinance existing debt and pay for seasonal operating expenses. Half the $90 million will come from the MLB credit facility ...

Tags: Fleet, MLB, Philadelphia Eagles, Philadelphia Phillies, Pittsburgh Pirates, Pittsburgh Steelers, PNC Bank

04/05/99
Will Ericsson ring any bells?

An era ended in South Florida last week when Lipton Tea halted its 15-year title sponsorship of the tennis tournament that had become synonymous with the beverage company's name. Removing the Lipton taste from the mouths of tennis fans may prove difficult, however. Experts predict that the name ...

Tags: Ericsson Inc., ESPN, Fox, Integrated Sports International (ISI)

04/05/99
Dolphins refinance $100M credit line

First Union Corp. has agreed to refinance a $100 million loan to Miami Dolphins owner Wayne Huizenga and a $100 million credit facility to his football team, said bankers who have seen the loan documents. The Dolphins join a growing list of NFL teams that are refinancing their debt to take advan ...

Tags: Carolina Panthers, First Union Corp., Florida Panthers, MARC Advertising, National Car Rental, New Orleans Saints, New York Giants, NFL, NHL, San Francisco Giants, Sportscorp Ltd.

04/05/99
Yanks hope Continental Airlines makes buyers of frequent fliers

Continental Airlines will be the New York Yankees' new airline sponsor for the 1999 season and will help the team with its effort to improve its historically weak attendance. Despite winning 114 regular-season games and the World Series last year, the Yankees did not attract 3 million fans, the ...

Tags: Continental Airlines, Brooklyn Nets, New York Yankees, YankeeNets

04/05/99
USTA promotes Davis Cup century

The U.S. Tennis Association plans to launch a $100,000 marketing campaign later this week to promote the July Davis Cup match in Boston, which marks the 100th anniversary of the competition. The annual international tennis event attracts a huge following overseas, but in the United States the D ...

Tags: ESPN, IMG, MLB

04/05/99
Ascent seeks buyers for Nuggets, Avalanche and Pepsi Center

Satellites and hockey pucks don't mix after all. Ascent Entertainment Group Inc.'s expansion into sports appears to be coming to an end after more than a year of rumors that the satellite and cable company would unload its Denver sports teams. The company is in talks with several groups seeking ...

Tags: Ascent Entertainment Group Inc., Carolina Panthers, Colorado Avalanche, Colorado Rockies, Denver Nuggets, Florida Panthers, Nasdaq, NBC, PepsiCo

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