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Daniel Kaplan

Staff writer Daniel Kaplan covers the NFL, finance and tennis.

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AFL Wrapping Up Season As Commissioner Looks To Shore Up Ownership Ranks For '16

Published in SportsBusiness Daily on 08 / 28 / 15

The AFL wraps up its latest season on Saturday night with the 28th ArenaBowl, concluding its first year under Commissioner Scott Butera, who expects more teams, better TV ratings and a stronger public relations push for the '16 season. The '15 season, which had 12 teams that started play in Mar...

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Tags: Leagues and Governing Bodies, Arena Football League

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SportsBusiness Journal: Team Tennis rolls out $1M in ads

Billie Jean King's World TeamTennis plans to launch a $1 million ad campaign this week, the league's first major effort to help its teams attract new fans. Through radio spots, newspaper, magazine and outdoor ads, WTT's nine teams will receive an infusion of publicity that could help sputter ...

Tags: Tennis, This Week's Issue

SportsBusiness Journal: CART stock devastated

Championship Auto Racing Teams' stock plunged 32 percent in May. That made a decline of 50 percent since the beginning of the year through the close of trading last Wednesday as the beleaguered company continued to face a mountain of troubles. One race car team dropped out of the series l ...

Tags: Championship Auto Racing Teams Inc., Finance, IndyCar, Motorsports

SportsBusiness Journal: Action considering stock split

Action Performance Cos., the maker of motorsports collectibles, said it was considering a stock split, evidence of the strong increase in the company's stock. Companies with rising stock prices frequently split their stock to make the shares appear more affordable to ...

Tags: Action Performance Cos., Finance, NASCAR

SportsBusiness Journal: Sabres not alone in facing debt

Adelphia Communications' blockbuster revelation that the Buffalo Sabres carry $150 million of debt, well more than the value of the team, is the latest example of an NHL team struggling under a crushing pile of borrowed money. The Ottawa Senators carry nearly $100 million of debt, a ...

Tags: Adelphia Communications Corp., Buffalo Sabres, Finance, Hockey, Lehman Brothers Inc., Montreal Canadiens, NHL, Ottawa Senators, Pittsburgh Penguins, St. Louis Blues, Tampa Bay Lightning

SportsBusiness Journal: AmEx, IBM renew with U.S. Open

American Express and International Business Machines have renewed their sponsorships of the U.S. Open Tennis Championships, meaning tens of million of dollars will be added to the event's already lucrative coffers. Sponsorships of this kind generally range between $3 million and $4 million ...

Tags: Tennis, This Week's Issue

SportsBusiness Journal: J.P. Morgan steers from sports

J.P. Morgan Chase has gutted its sports finance practice and changed its focus, a development that could limit the ability of teams and leagues to borrow money. The bank, which has been recognized as one of the country's top sports lenders and advisers with clients like Washington Capitals ...

Tags: Chase Manhattan Corp., Fleet, Houston Texans, Lehman Brothers Inc., Minnesota Vikings, SG Cowen, Southwest Sports Group, Texas Rangers, This Week's Issue, Time Warner, Washington Capitals

SportsBusiness Journal: Nike continues youth movement

Nike has agreed to sign 19-year-old Robby Ginepri, the latest young American tennis player to secure an endorsement deal . Robby Ginepri is ranked No. 133 in the world. Nike recently signed 15-year- ...

Tags: Octagon Group, Tennis, This Week's Issue

SportsBusiness Journal: ATP chief in different court

M ark Miles , the ATP's chief executive, will be in a court of a different kind a week from Friday when the French Open men's semifinals are scheduled to occur. Instead of enjoying himself in Paris, Miles will be in Indianapolis at a settlement hearing with Rob MacGill and ...

Tags: Clear Channel Communications Inc., Dell, Head USA, ISL Marketing, NBC, Tennis, This Week's Issue

SportsBusiness Journal: Head's operating loss down

European sports equipment maker Head NV said its quarterly operating loss declined to $1.9 million in the first quarter of the year , less than the $3.1 million of red ink the company reported in the year-ago period. The net loss rose to $3.6 million from $1.7 million, however, in part beca ...

Tags: Finance, Head USA

SportsBusiness Journal: Cablevision won't sell new stock

Cablevision Systems Corp., owner of Madison Square Garden and the New York Knicks and Rangers, said on May 17 that it will not sell new stock to cover a possible funding gap next year. The company's stock hit four-year lows recently as investors worried that the company would issue equity ...

Tags: Adelphia Communications Corp., Cablevision Systems Corp., Finance, MSG Network, New York Knicks, New York Rangers

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