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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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Legislators park 4 stadiums on quicksand

Less than a week after proponents of public funding for stadium development won a resounding victory in Hartford, Conn., bitter defeat was at hand in a potentially resounding loss in Pennsylvania. Pennsylvania Gov. Tom Ridge's proposal to spend roughly $325 million on new stadiums for four of th ...

Tags: Legg Mason Inc., New England Patriots, Philadelphia Eagles, Philadelphia Phillies, Pittsburgh Pirates, Pittsburgh Steelers

Hartford contract steps up pressure for deals

Hartford may soon become a rallying cry in states across the country for proponents of subsidizing stadium development. The parameters of stadium debates may have been forever changed when Connecticut Gov. John Rowland guaranteed New England Patriots owner Robert Kraft not only a $350 million st ...

Tags: New England Patriots, New York Giants, New York Mets, New York Yankees, NFL, Public Financial Management, San Francisco Giants, YankeeNets

Creditor-lender battle threatens Penguins' loan

A planned $20 million loan to the Pittsburgh Penguins may be in jeopardy because of a dispute that has broken out between the secured creditors and the possible lender. Societe Generale's plan to help the ailing team is being contested by the secured creditors, including BankAmerica Corp., who w ...

Tags: Pittsburgh Penguins, Principal Mutual Life Insurance Co., TMG Life Insurance Co.

AFL micro league: 150 teams in 10 years

The Arena Football League plans to launch a minor league system that could have 150 teams. The AFL has generally been considered a minor league itself, but it now plans to launch a sprawling development league, dubbed arenafootball2, in as many as eight cities next year. The long-term goal is mo ...

Tags: ABC, AFL, Pilson Communications, United Sports Ventures

Predators start dialing for dollars

The 1998 Arena Football League champion Orlando Predators want to conquer another field: telemarketing. The team launched an in-house telemarketing unit to support a season-ticket drive in June, but the unit branched out over the summer and fall to make calls on behalf of an employee leasing com ...

Tags: AFL, Boston Celtics, Cleveland Indians, Monolith Ltd. Partnership, Nashville Predators, Sunwest P.E.O. of Florida Inc.

Celtics seeing red over lost games

The Boston Celtics LP said it will take a charge against earnings this quarter because of losses from games canceled by the NBA lockout and warned that a continued labor dispute would impair the financial fortunes of the NBA's only public team. The partnership didn't say how much earnings would ...

Tags: Boston Celtics, Citizens Bank, Lehman Brothers Inc., NBA, NBC, Time Warner

Team's stock may go solo

Hotels and ice hockey just don't mesh as well as expected, so billionaire businessman H. Wayne Huizenga may be ready to spin the Panthers hockey team out of Florida Panthers Holdings Inc. The team went public in 1996, and after an aggressive real estate expansion program, the stock price soared ...

Tags: Ascent Entertainment Group Inc., Boston Celtics, Carolina Panthers, Cleveland Indians, Colorado Avalanche, Denver Nuggets, First Union Corp., Florida Panthers, Game Plan LLC, National Car Rental

Reynard Motorsports plans $57 million IPO

One of the motorsports industry's leading manufacturers plans to issue public stock in yet another indication of the boom in the auto racing business. Reynard Motorsports Inc. plans to raise up to $57.5 million in a public offering, the latest in a rapid series of auto racing initial public offe ...

Tags: Championship Auto Racing Teams Inc., Dover Downs Entertainment, Formula One, Gemini Transmissions Ltd., Reynard Motorsports Inc., SLEC Holdings, Swift Engineering Inc., Virgin Airlines, Warburg Pincus

NFL loan deal could soothe hard feelings

BankAmerica Corp. plans to lend $400 million to seven NFL teams in the aftermath of the embarrassing suspension of the league's bond offering. BankAmerica's investment banking unit, NationsBanc Montgomery Securities Inc., which managed the suspended $600 million offering, also earlier this year ...

Tags: Dallas Cowboys, Hibernia Corp., New England Patriots, New Orleans Saints, NFL

French bank nearing front of creditor line

Move over, Mario Lemieux, here comes Societe Generale. The French bank is close to lending the Pittsburgh Penguins $20 million in a financing deal that would given the financial company lead creditor status. Creditors like former star Lemieux have been scrambling to secure their place in the ban ...

Tags: Fox, Leisure Management International, Pittsburgh Penguins

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