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Daniel Kaplan

Staff writer Daniel Kaplan covers the NFL, finance and tennis.

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Padres add $50M to borrowing capacity, eye future renovations

Published in SportsBusiness Journal on 08 / 14 / 17

The San Diego Padres added $50 million in borrowing capacity as part of a new $140 million financing package with U.S. Bank. The team has no specific plans for the new borrowing muscle but wants it in reserve for future renovations to its stadium and other venues. “Petco can be a 100-year-o...

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Tags: Leagues and Governing Bodies

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SportsBusiness Journal: NFL’s Packers count the green: $25M net

The Green Bay Packers earned a record $25 million in their most recent fiscal year, but the club warned that the league’s problems in reaching a labor deal with its union could leave the publicly owned franchise on slippery financial footing. While a newly renovated Lambeau Field continu ...

Tags: Football, Green Bay Packers

SportsBusiness Journal: ATP shakeup puts Disney alum as chairman

The ATP was to name former Walt Disney International president Etienne de Villiers its first non-executive chairman. The move, planned for Sunday, is part of a shakeup at the top of the ATP, which is losing its 15-year chief executive Mark Miles, who will step down Sept. 1 and be replace ...

Tags: ATP

SportsBusiness Journal: Wilf’s purchase of Vikes includes $190M bank loan

Zygmunt “Zygi” Wilf borrowed $190 million to finance the purchase of the Minnesota Vikings, which he formally acquired last week. The $600 million purchase price includes $125 million of assumed debt that the club had previously borrowed, meaning of the $475 million of equity that was nece ...

Tags: Football, Minnesota Vikings, NFL

SportsBusiness Journal: Sprint, NFL near $200M deal

The NFL is close to completing a five-year, $200 million sponsorship and content rights deal with Sprint that includes the ability to deliver video highlights of NFL games to cell phones for the first time. Sprint’s return to the NFL would be one of ...

Tags: Football, Marketing and Sponsorship, NFL, PepsiCo, Visa

SportsBusiness Journal: Lexus gets rolling with U.S. Open

Toyota Motor Corp.’s luxury-car brand Lexus is pulling into the vacant U.S. Open Tennis sponsorship in a $24 million deal. Deal would be car maker's largest in sports. The U.S. Tennis Association, which owns the Open, and Lexus were st ...

Tags: Lexus, Marketing and Sponsorship, USTA, WTA

SportsBusiness Journal: Inner Circle absorbs Fortress

Fortress Investment, a New York-based asset manager and hedge and equity fund, has absorbed Inner Circle Sports, a specialty firm that focused on sports finance and advisory. The move is the latest signal that hedge and equity funds, flush with money looking for high returns, are eyeing ...

Tags: NHL

SportsBusiness Journal: Dorfman leaves Bank of America for Citigroup

Peter Dorfman has left Bank of America’s sports finance group to join Citigroup’s private bank. His departure means the top two sports executives at Fleet Financial Group, which Bank of America bought last year, have left that bank. Dorfman will continue focusing on sports at Citigroup, wh ...

Tags: MLB

SportsBusiness Journal: Last call for Heineken as U.S. Open patron

Heineken will serve up its last U.S. Open Tennis sponsorship this year, pulling out of the event after the 2005 championships and ending a 14-year run. Heineken says its goal of reaching twentysomethings doesn't mesh with tennis, so it's ending a 14-ye ...

Tags: Marketing and Sponsorship, USTA

SportsBusiness Journal: League’s answer for revenue issue is more meetings

While NFL Commissioner Paul Tagliabue described great progress in solving the league’s internal revenue-sharing problems occurring at last week’s spring owners gathering, he nonetheless scheduled a meeting every month through September on the subject, in addition to the fall gathe ...

Tags: Dallas Cowboys, Football, Houston Texans, Jacksonville Jaguars, NFL

SportsBusiness Journal: Cowboys indicate the plug hasn’t been pulled on RSN

Two months after the NFL banned teams from owning regional sports networks, the Dallas Cowboys still have not consented to sack their new network. “We’re still in production,” said Cowboys owner Jerry Jones, as he hurried out of the NFL owners meeting in Washington, D.C., last week. Wh ...

Tags: Atlanta Falcons, Comcast, Dallas Cowboys, Denver Broncos, Football, NFL

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