About The Author
Daniel Kaplan
Staff writer Daniel Kaplan covers the NFL, finance and tennis.
Three trends from the upfront season Kroenke comfortable wearing 2nd hat From the Field of Risk Management Plaintiff seeks documents from FSG Demos key to Microsoft’s MLS deal People: Executive transactions Reinsdorf values people he knows, trusts Racetracks attract music festivals For the WNBA, time for a clutch 3 Super Bowl’s numerals: Still a classic
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Plaintiff in lawsuit over Liverpool purchase seeks documents from Fenway Sports Group05 / 20 / 13The owner of the Boston Red Sox, Fenway Sports Group, has been able to stay out of the years-long controversy and lawsuits sparked by its 2010 purchase of Liverpool FC — until last week. Mill Financial, a former lender to Liverpool, asked a New York state court on Monday to launch legal pro... Tags: Law and Politics |
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French bank nearing front of creditor line
Move over, Mario Lemieux, here comes Societe Generale. The French bank is close to lending the Pittsburgh Penguins $20 million in a financing deal that would given the financial company lead creditor status. Creditors like former star Lemieux have been scrambling to secure their place in the ban ...
Tags: Fox, Leisure Management International, Pittsburgh Penguins
Revenues rise, but Indians' income falls
Cleveland Indians Baseball Co. revenue in the third quarter crept up as the team enjoyed higher attendance, larger fees from Major League Baseball's national broadcasting contract and improved merchandising sales compared to the year-ago period. Net income, however, dropped to $3.2 million, or 5 ...
Women's tennis rewriting mark for attendance
The Corel WTA is on pace to break its annual attendance record this week, as women's tennis continues to score impressive gains. The crowds at the Advanta Championships in Philadelphia this week should push the total over the 3.559 million mark set last year. The WTA attendance total includes si ...
Tags: Chase Manhattan Corp., Corel Corp., WTA
Money, not the games, draw Prudential boss
At a recent panel on stadium finance in New York, less than a week after the Yankees swept the World Series, Aaron Barman made it clear that he did not like sports. The Prudential Securities banker volunteered that he could not care less about the success of the Yankees. What really gets the in ...
Tags: American Airlines Inc., Denver Broncos, Miami Heat, NBA, New York Yankees, Portland Trail Blazers, Prudential Securities, Seattle Seahawks, Vulcan Ventures, YankeeNets
Casino interests boost Hollywood Park
Hollywood Park Inc.'s third-quarter earnings reveal just how much the company has transformed itself into a gaming concern. Although named after its famous horse racing track in California, recent acquisitions have significantly boosted the percentage of revenue the company receives from casinos ...
Tags: Hollywood Park Inc., Integrated Corporate Relations, Westport
Slugger's bond plan striking out
When news broke earlier this year that Chicago White Sox slugger Frank Thomas planned to raise $20 million by selling bonds secured by his future salary and endorsement fees, a major new financial option for superstar athletes appeared to be on the verge of reality. But the Thomas deal may have ...
Tags: ASU Enterprises, Capital America Entertainment, Chicago White Sox, Golden State Warriors, Nomura Securities International Inc., Pullman Group, SPP Capital Partners
Starter Corp. blames NBA lockout for slumping sales
The National Basketball Association labor lockout took its toll on Starter Corp., which saw quarterly revenue fall $21.3 million to $128.1 million, a 14 percent drop. "We continue to be affected by difficult industry conditions, which have been exacerbated by the NBA lockout," said David Beckerm ...
Tags: NBA, Starter Corp.
Sponsors propel CART in 3rd quater propel CART in 3rd quarter
Championship Auto Racing Teams Inc., fueled by an increase in sponsorship money, reported higher earnings in the third quarter. The company said it had $20.01 million in revenue in the quarter, up from $18.2 million in the year-ago period. Last year's quarterly figures include pro forma results ...
Tags: Carolina Panthers, Championship Auto Racing Teams Inc., Dover Downs Entertainment Inc., FedEx Corp., Florida Panthers, Grand Prix Association of Long Beach, National Car Rental Inc.
Global woe sacks NFL credit plan
Global economic uncertainties are taking their toll on America's game, forcing the NFL to suspend plans to sell bonds worth $600 million to private investors to help fund a $1.1 billion credit facility. Turbulence in global credit markets upset the effort after it became clear that the super-low ...
Tags: Dallas Cowboys, IMG, New England Patriots, New Orleans Saints, NFL, Tampa Bay Buccaneers
First Union bucks sports-group trend
As the sports industry is transformed into a sophisticated and attractive business worthy of serious investments, the finance community has taken notice. Banks and investment banks are scrambling to partake in this newly booming industry, and many are now forming specialty groups that target just t ...
Tags: Chase Manhattan Corp., First Union Corp., Memphis Grizzlies, New Orleans Pelicans, New York Giants, San Francisco Giants
