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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

More Stories by this Author

03/01/99
Tennis tourney's makeover has already begun

When the world's top players descend on Indian Wells, Calif., this week for the third-largest tennis tournament in the United States, they may want to take a last look around because changes are on the way. Much will be new next year at the annual event, one of just three U.S. tournaments in whi ...

Tags: IMG, ISL Marketing, ProServ Inc., RHB Ventures Inc., State Farm

03/01/99
Deals spark rally for 2 stocks

The title-sponsorship agreements reached last month by Speedway Motorsports Inc. and Penske Motorsports Inc. are proving to be a boon to shareholders. Late last month Penske Motorsports, which owns or has interests in five tracks, signed a title-sponsorship agreement with General Mills Inc. for ...

Tags: Anheuser-Busch Cos., General Mills, International Speedway Corp., Lowe's Companies Inc., Raymond James Financial, Speedway Motorsports Inc.

02/22/99
NFL bidders offer differing approaches

If the NFL were to rely solely on financing certainty, the city of Houston would win hands down among the three bids competing for the league's 32nd franchise. The offer from NFL Houston Holdings, led by billionaire Bob McNair, rests mostly on public money, with the remainder to be paid by perso ...

Tags: Chase Manhattan Corp., NFL, Oakland Raiders, St. Louis Rams

02/22/99
Celts' filing reveals lockout tab

The Boston Celtics LP took a huge financial hit because of the NBA lockout, according to the latest regulatory filing from the company that controls the basketball team. The team lost $1.065 million in ticket and local-broadcast revenues for each of the 16 home games wiped out by the lockout, an ...

Tags: Boston Celtics, NBA, NBC

02/22/99
Rating agency backs private arena bonds

In one of the most comprehensive looks at sports finance to date, Fitch IBCA plans to issue a report later this month that strongly urges investors to be more accepting of private bonds that fund stadiums and arenas. The report could make it easier for teams to persuade debt investors to accept ...

Tags: Air Canada, Fitch IBCA Inc., MCI Group, NBA, NFL, PepsiCo, Staples

02/22/99
Cricket setting sights on the Big Apple

New Yorkers unfamiliar with wickets, pitches, bowlers and stumps may want to brush up on their sports terminology. Plans are under way to build North America's first internationally recognized cricket stadium in New York City. The World Cricket League has agreed to spend $15 million on a 9,000- ...

02/15/99
Infusion of cash has Barber racing ahead

Like the racers and drivers his company trains, Skip Barber felt he needed extra help to get to the next level. So he agreed last week to sell his small but growing company to IMG/Chase Sports Capital LLC, the sports leveraged-buyout fund. While Barber will remain chief executive, for the first ...

Tags: Championship Auto Racing Teams Inc., Chase Manhattan Corp., Formula One, IMG, Warburg Pincus

02/15/99
Sports a drag on Fox earnings

News Corp.'s sports and entertainment spin-off is blaming its broadcast of the World Series and National Football League games for poor results in its broadcasting unit. Fox Entertainment, which went public late last year and had its first quarterly earnings report last week, said its Fox Broadc ...

Tags: New York Yankees, News Corp, NFL, San Diego Padres, YankeeNets

02/08/99
IMG/Chase set to buy Skip Barber Racing School

IMG/Chase Sports Capital LLC plans to announce early this week that it is buying the Skip Barber Racing School, sources close to the situation said. The transaction is the first acquisition for Sports Capital, a sports leveraged-buyout fund formed last year. Skip Barber is the leading trainer ...

Tags: IMG, IndyCar, Lexus, Whitehall Financial Group

02/08/99
Investment bankers join forces

In a sign of the increasing convergence of the sports and cable industries, Beacon Sports Capital Partners LLC, a sports investment banking boutique, is forming a joint venture with Communications Equity Associates, a media and entertainment investment bank with close ties to the cable industry. ...

Tags: BCEA Sports Capital, Beacon Sports Capital Partners LLC, Communications Equity Associates, Fleet, Pittsburgh Penguins

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