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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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Public soccer clubs would be a U.S. first

Two United Soccer Leagues teams plan to issue stock, becoming the first public soccer clubs in the United States. The San Diego Flash plans to issue between $6.75 million and $13.5 million of stock in the next three months, and the San Francisco Bay Seals plan a public offering in the next two y ...

Tags: MLS, Nasdaq

Net sparks sizzle in Starter’s stock

Starter Corp. lost millions of dollars in 1997, its results in 1998 were hurt by the NBA lockout, and its market share has long been eroded by competitors. So why did the athletic sportswear licensee and merchandiser see its share price more than double in the last week of the year, and at one poi ...

Tags: Amazon, Microsoft Corp., NBA, Raymond James Financial, Starter

Field of golf mutual funds now a twosome

Golf enthusiasts now have two choices if they want to put their money where their game is following the debut of the second mutual fund tied to the sport in a week. The new Value Trend Links Fund follows the Golf Associated Fund, which went public on Jan. 1. The Links Fund will be managed by th ...

Tags: Adams Golf Inc., Ashworth, Microsoft Corp., Titleist

Browns get $100M credit line at hometown bank

The expansion Cleveland Browns opened a $100 million line of credit with National City Corp. late last year. The Browns declined to borrow from BankAmerica Corp., which lent seven teams $400 million late last year after an NFL bond deal the bank was leading collapsed. Browns owner Al Lerner ins ...

Tags: Cleveland Browns, First Union Corp., Hibernia Corp., Microsoft Corp., National City Corp., New Orleans Saints, New York Giants, NFL, San Francisco Giants

Vinny & the Jets climb the retail charts

The New York Jets are almost assured of establishing a team-best ranking for merchandise sales, no matter the result of last Sunday’s first home playoff game in 12 years. The remarkable campaign of coach Bill Parcells’ Jets had the team ranked 11th out of the 31 NFL teams in merchandise sales as ...

Tags: Denver Broncos, Microsoft Corp., New York Jets, NFL, Reebok, Starter

Action can't get its stock out of the pits

Action Performance Cos.' financial history reads like a winner: Sales nearly doubled to a record $250 million last year and are expected to jump to $350 million this year. The auto-racing-collectible maker and merchandiser is viewed by many Wall Street experts as an excellent vehicle to pro ...

Tags: Action Performance Cos., Dale Earnhardt Inc., NASCAR, Wheat First Union Corp.

Lipton tourney: $750K in ads

The Lipton Championships plans to begin a $750,000 advertising blitz today, one of the largest expenditures of its kind by a tennis tournament. The campaign will feature advertisements on local and regional television and radio, plus print ads in national publications such as Tennis magazi ...

Tags: Ericsson Inc.

NFL ban on corporate owners likely to remain in place — for ...

The Cleveland Browns attracted six bidding groups, with the winner paying $530 million. The Redskins have eight interested groups, with one reportedly willing to pay more than $700 million. While each of these sales is different, there is one common thread: Because of NFL rules, no corporations ...

Tags: Cleveland Browns, Legg Mason Inc., NFL, NHL, Washington Redskins

TV blamed for demise of ABL

Goliath slew David. To the dismay of many in the sports world, the American Basketball League conceded defeat in its bitter battle with the NBA-owned Women's National Basketball Association. The ABL, once a brash pioneer in women's professional sports, said last week it would declare bankruptcy ...

Tags: Bonham Group Inc., Bruce Levy Associates International Ltd., CBS Broadcasting Inc., ESPN, Fox, Game Plan LLC, MARC Advertising, NBA, NBC, Phoenix Home Life Mutual Insurance Co., Reebok, Salomon Smith Barney, Sportscorp Ltd., WNBA

Yanks crank marketing bank

What can the New York Yankees do as an encore after their unprecedented 1998 season? For one thing, start marketing. At least that is the mission Joe Perello has set for the club, which historically has done little to promote its on-the-field product. But Perello, hired from credit card giant MB ...

Tags: Cleveland Indians, L.L. Bean, MBNA America Bank, MLB, New York Knicks, New York Yankees, Steiner Sports Marketing, YankeeNets

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