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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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Loan secured, Pens turn to reorganization turn to reorganization

The Pittsburgh Penguins survived a few hard checks from some of their creditors, but after receiving the blessing of a bankruptcy court judge last week for a new $20 million loan, the team can skate comfortably through the season. The infusion of capital will keep the team afloat through the res ...

Tags: First Union Corp., Fox, Game Plan LLC, Leisure Management International, NHL, Pittsburgh Penguins

Big Apple takes NBA lockout hit

The New York City economy stands to lose $236 million if the NBA season is canceled because of the ongoing players lockout, the city's comptroller has warned. The brunt of the losses would hit Madison Square Garden, home of the New York Knicks, and the dozens of hotels, restaurants and bars that ...

Tags: MSG Network, NBA, Brooklyn Nets, New York Knicks, YankeeNets

Heisman home forms Chapter 11 strategy

Saturday was the Downtown Athletic Club's big moment, the day it awarded the Heisman Trophy, but a day at the end of January when a Bankruptcy Court judge will hear arguments about the future of the New York club is shaping up as the most important in its history. The club filed for Chapter 11 ...

Tags: Advantage, Centaur Properties, Chase Manhattan Corp., Collegiate Licensing Co., Just For Feet Inc., Wendy's International Inc.

Motorsports stocks still drawing a crowd

Corporate America's booming interest in auto racing shows no signs of slowing. More than 150 investment and auto racing professionals squeezed into a New York hotel conference room last week for Josephthal & Co.'s second annual conference on auto racing, twice the number that attended the invest ...

Tags: Championship Auto Racing Teams Inc., IndyCar, Kmart, NASCAR, Pilson Communications

Yankees' deal talks hit a snag

The on-again, off-again talks between Cablevision Systems Corp. and the New York Yankees may be stuck in neutral, but few experts think the ultimate outcome will be anything other than the sale of the storied baseball team to the media giant. The same trend that sparked the discussions prevails ...

Tags: Bonham Group Inc., Cablevision Systems Corp., MSG Network, New York Knicks, New York Rangers, New York Yankees, News Corp, Southwest Sports Group, Texas Rangers, Walt Disney Co., YankeeNets

Roller hockey league goes no-owners route

Roller Hockey International has become the latest professional sports league to eliminate individual team ownership. Following the path of the American Basketball League and Major League Soccer, the in-line roller hockey league will own all its teams, which will be managed by promotion-rights owner ...

Tags: Roller Hockey International

Ex-Arena chief selling team

Another Arena Football League expansion franchise was set to be sold last week, but don't look for either a press release from the league or a high-profile news conference like the one that introduced the new Los Angeles team a week earlier. The franchise will not be sold by the league but by a ...

Tags: AFL, NFL, Staples

As '99 nears, WTA still a tour to be named later

For only the second time since Billie Jean King convinced the tobacco brand Virginia Slims to support a fledgling women's tennis tour in the early 1970s, women's professional tennis may enter a new year without a title sponsor. Despite the pomp surrounding the resurgence of the women's tennis g ...

Tags: Chase Manhattan Corp., Corel Corp., Integrated Sports International (ISI), Millsport LLC, WTA

ATP throwing Super 9 tourneys into marketing pool

In a significant attempt to bring financial order to a disjointed sport, the ATP Tour plans to pool commercial rights to the Mercedes Super 9 tournaments. The Tour will also include the year-end World Championship rights, plus all of the ATP's sponsorships and TV licensing fees. All these right ...

Tags: ISL Marketing, Octagon Group

WTA looks to new deals after '98 revenue gap vs. men's tour

Women's tennis may be winning the battle of the airwaves and of popularity, but in one major area men's tennis is still handily taking the battle of the sexes: the financial bottom line. Twenty-five years after Billie Jean King thrashed Bobby Riggs, the men's ATP Tour reaped $58.7 million in ann ...

Tags: Corel Corp., IMG, Regency Enterprises Inc., WTA

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