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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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Celtics' market value slumps 12% after tender offer sparks sello ...

The market value of Boston Celtics LP, the company that owns and operates the basketball team, plummeted 12 percent last Tuesday after an offer to buy some of the firm's equity at an inflated price was oversubscribed by investors. Castle Creek Partners LP, an investment group led by Celtics Chai ...

Tags: Boston Celtics, Lehman Brothers Inc.

Cablevision Systems faces decisions after shock of merger

Cablevision Systems Corp.'s critical sports strategy may be on shaky ground. The New York Yankees and New Jersey Nets merger gives the Yankees, the gem of Cablevision's MSG Network, an option to sever ties with Cablevision next year when the club's 12-year, $486 million broadcast contract expire ...

Tags: Cablevision Systems Corp., CBS Broadcasting Inc., ESPN, Fox, MSG Network, Brooklyn Nets, New York Knicks, New York Mets, New York Rangers, New York Yankees, Paul Kagan Associates, Pilson Communications, Southwest Sports Group, SportsChannel, Texas Rangers, Time Warner, Walt Disney Co., YankeeNets

Action skids on word of critical article

Action Performance Cos. (Nasdaq:ACTN) shares went on another wild ride recently, as shares plummeted after word leaked out of a thumbs-down article in a prominent financial publication. Shares of Action dropped 15 percent between Feb. 23 and March 1, the first trading day after an article in Bar ...

Tags: Action Performance Cos., NASCAR, Nasdaq, Wheat First Union Corp.

Outlook remains somber for sporting goods sales

Investors praying for a rebound in the stocks of sporting goods companies may not want to hold their breath: Growth in the industry for the second year in a row is expected to be anemic. Shares of companies like Finish Line Inc. (Nasdaq:FINL), Rawlings Sporting Goods Co. (Nasdaq:RAWL), Nike Inc. ...

Tags: Finish Line Inc., Integrated Corporate Relations, K2 Inc., Nasdaq, Rawlings Sporting Goods Co.

Duo step up big for unprecedented wedding

One is famous for getting Coca-Cola Co. into — and out of — perhaps the most renowned marketing blunder in U.S. retail history. The other controls some of New York's most famous landmarks. Together, Donald Keough and Jerry Speyer could make the new YankeeNets a force to be reckoned with. ...

Tags: ABC, Carolina Panthers, Chrysler Corp., ESPN, Florida Panthers, MARC Advertising, Brooklyn Nets, New York Yankees, Sportscorp Ltd., Walt Disney Co., YankeeNets

CNN/SI joins talks on new regional net

Ted Turner's CNN/SI has stepped into the battle to be part of a new Southwestern regional sports network led by Texas Rangers and Dallas Stars owner Tom Hicks. Hicks has talked with News Corp.'s Fox Sports Network for more than a year, and he also is still negotiating with Walt Disney Co.'s ESPN ...

Tags: Dallas Stars, ESPN, Fox, New York Rangers, New York Yankees, News Corp, Paul Kagan Associates, Southwest Sports Group, Sports Group, Sports Illustrated, SportsChannel Florida, Texas Rangers, Time Warner, Walt Disney Co., YankeeNets

Analyst backs SportsLine

The coming NCAA basketball tournament should provide a big boost to SportsLine USA Inc.'s bottom line. And that event, plus CBS Corp.'s increasing commitment to the online sports site, should drive the company's stock price to record highs, predicted Lawrence Marcus, an electronic media analyst wit ...

Tags: BT Alex. Brown, CBS Broadcasting Inc., NCAA

Cablevision puts lockout tab at $14M

Cablevision Systems Corp. revealed last week that it lost $14 million in the fourth quarter because of the NBA lockout. Cablevision, which owns Madison Square Garden, MSG Network and the New York Knicks, cited the results in its earnings statement. The company had declined to comment on its l ...

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

Yankees-Nets alliance eyed for impact

BY Daniel kaplan and BILL KING Staff writers George Steinbrenner made a bid to upset the apple cart of New York sports and cable TV last week with his agreement to merge the business operations of his beloved Yankees with the New Jersey Nets, a move that may have been born as much from his de ...

Tags: ABC, Adidas, Atlanta Braves, Atlanta Hawks, Cablevision Systems Corp., Chase Manhattan Corp., Comcast Corp., ESPN, Fox, NBA, Brooklyn Nets, New York Knicks, New York Yankees, Paul Kagan Associates, Philadelphia 76ers, Philadelphia Flyers, Time Warner, YankeeNets

Bill again takes aim at no-tax arena bonds

Sen. Daniel Patrick Moynihan is renewing a federal effort to turn off the flow of public money that has fueled the past decade's stadium and arena boom. If successful, Moynihan could put a serious dent into the sports-facility craze that will witness $6 billion to $8 billion in new construction ...

Tags: NFL, Prudential Securities

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