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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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Revenues rise, but Indians' income falls

Cleveland Indians Baseball Co. revenue in the third quarter crept up as the team enjoyed higher attendance, larger fees from Major League Baseball's national broadcasting contract and improved merchandising sales compared to the year-ago period. Net income, however, dropped to $3.2 million, or 5 ...

Tags: Cleveland Indians, IPO Financial Network

Women's tennis rewriting mark for attendance

The Corel WTA is on pace to break its annual attendance record this week, as women's tennis continues to score impressive gains. The crowds at the Advanta Championships in Philadelphia this week should push the total over the 3.559 million mark set last year. The WTA attendance total includes si ...

Tags: Chase Manhattan Corp., Corel Corp., WTA

Money, not the games, draw Prudential boss

At a recent panel on stadium finance in New York, less than a week after the Yankees swept the World Series, Aaron Barman made it clear that he did not like sports. The Prudential Securities banker volunteered that he could not care less about the success of the Yankees. What really gets the in ...

Tags: American Airlines Inc., Denver Broncos, Miami Heat, NBA, New York Yankees, Portland Trail Blazers, Prudential Securities, Seattle Seahawks, Vulcan Ventures, YankeeNets

Casino interests boost Hollywood Park

Hollywood Park Inc.'s third-quarter earnings reveal just how much the company has transformed itself into a gaming concern. Although named after its famous horse racing track in California, recent acquisitions have significantly boosted the percentage of revenue the company receives from casinos ...

Tags: Hollywood Park Inc., Integrated Corporate Relations, Westport

Slugger's bond plan striking out

When news broke earlier this year that Chicago White Sox slugger Frank Thomas planned to raise $20 million by selling bonds secured by his future salary and endorsement fees, a major new financial option for superstar athletes appeared to be on the verge of reality. But the Thomas deal may have ...

Tags: ASU Enterprises, Capital America Entertainment, Chicago White Sox, Golden State Warriors, Nomura Securities International Inc., Pullman Group, SPP Capital Partners

Starter Corp. blames NBA lockout for slumping sales

The National Basketball Association labor lockout took its toll on Starter Corp., which saw quarterly revenue fall $21.3 million to $128.1 million, a 14 percent drop. "We continue to be affected by difficult industry conditions, which have been exacerbated by the NBA lockout," said David Beckerm ...

Tags: NBA, Starter

Sponsors propel CART in 3rd quater propel CART in 3rd quarter

Championship Auto Racing Teams Inc., fueled by an increase in sponsorship money, reported higher earnings in the third quarter. The company said it had $20.01 million in revenue in the quarter, up from $18.2 million in the year-ago period. Last year's quarterly figures include pro forma results ...

Tags: Carolina Panthers, Championship Auto Racing Teams Inc., Dover Downs Entertainment, FedEx Corp., Florida Panthers, Grand Prix Association of Long Beach, National Car Rental

Global woe sacks NFL credit plan

Global economic uncertainties are taking their toll on America's game, forcing the NFL to suspend plans to sell bonds worth $600 million to private investors to help fund a $1.1 billion credit facility. Turbulence in global credit markets upset the effort after it became clear that the super-low ...

Tags: Dallas Cowboys, IMG, New England Patriots, New Orleans Saints, NFL, Tampa Bay Buccaneers

First Union bucks sports-group trend

As the sports industry is transformed into a sophisticated and attractive business worthy of serious investments, the finance community has taken notice. Banks and investment banks are scrambling to partake in this newly booming industry, and many are now forming specialty groups that target just t ...

Tags: Chase Manhattan Corp., First Union Corp., Memphis Grizzlies, New Orleans Pelicans, New York Giants, San Francisco Giants

N.Y. Giants raise quick $25 million

The New York Giants quietly raised $25 million in August in an effort to keep up with their rising payroll and other operational needs. For the second time in as many years, the team tapped the private placement market. Companies in need of capital can sell bonds to discreet private investors ...

Tags: First Union Corp., New York Giants, New York Life Insurance, NFL, San Francisco Giants

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