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Daniel Kaplan

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

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Former NFLers Appeal Judge's Preliminary Approval Of Settlement

Published in SportsBusiness Daily on 07 / 22 / 14

Seven former NFL players yesterday appealed a lower federal court judge’s decision to preliminarily approve a class action settlement of medical claims brought against the NFL. The players had objected to the proposed settlement earlier this month, but within a week of their filing Judge ...

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SportsBusiness Journal: Sources: BofA to lend Isles' owners $100M

Bank of America has agreed to lend the New York Islanders roughly $100 million, say sources in banking and elsewhere. The loan will help owners Charles Wang and Sanjay Kumar finance their $185 million acquisition of the club, which was completed June 30. Neither the Islanders nor Bank of A ...

Tags: Fleet, Fox, New York Islanders

SportsBusiness Journal: Redskins bank on true groundbreaker

When SG Cowen lent $340 million to Daniel Snyder to buy the Washington Redskins, many bankers shook their heads. Why the skepticism? Well, essentially it came down to they thought there was too much pie. A bank never actually holds an entire loan on its balance sheet because if the borrowe ...

Tags: Fitch IBCA Inc., Moody's Investors Service, SG Cowen, Washington Redskins

SportsBusiness Journal: Williams sisters to become Avon’s new ladies

Avon Products plans to announce this week that tennis sensations Venus and Serena Williams will endorse the cosmetics company, sources said. The sisters would be the first spokespersons of any kind for the company. In fact, it is believed to be the first endorsement of a cosmetics company by ...

Tags: IMG, Nortel, Reebok

SportsBusiness Journal: Huge contract spawns concern among bankers

On the same day that the Texas Rangers agreed to pay Alex Rodriguez more than a quarter of a billion dollars, Sandy Alderson, a high-ranking MLB official, ominously warned in public reports that the contract could hurt the league's relationship with the banking industry. Alderson did not r ...

Tags: Bank One Corp., Fitch IBCA Inc., Fleet, MLB, New York Rangers, NFL, Prudential Securities, Southwest Sports Group, Texas Rangers

SportsBusiness Journal: Thorny arena plan came up roses

If the 1993 financing for the Rose Garden occurred today, it would hardly merit significant attention. Private institutional investors such as pension funds bought $155 million of debt issued by the Portland Trail Blazers' owners that was then used to finance the construction of the team's ne ...

Tags: American Airlines Inc., Pacific Bell, Portland Family Entertainment, Portland Trail Blazers, Prudential Securities, Vulcan Ventures

SportsBusiness Journal: Pats’ tab for stadium is highest ever

The New England Patriots will spend more money to build a new stadium than any franchise in U.S. sports history after concluding an innovative but complicated finance transaction last week. The new $340 million CMGI Field is under construction in Foxboro and the Patriots expect to open the ...

Tags: America West Airlines, Barton Malow Co., HOK Inc., IMG, New England Patriots, New York Giants, NFL, Pacific Bell, Salomon Smith Barney, San Francisco Giants

SportsBusiness Journal: Private funds, public cheers

By now, everyone knows that Pacific Bell Park's opening year was a raging success: every game sold out, rave reviews for the stadium aesthetics and a winning team. But these facts are not the reasons SportsBusiness Journal ranks the ballpark as one of the top sports finance deals of the la ...

Tags: Chase Manhattan Corp., New York Giants, Pacific Bell, San Francisco Giants

SportsBusiness Journal: Nike signs teen tennis player Fish

Nike agreed to sign the young U.S. tennis player Mardy Fish to an endorsement. Nike would not disclose the terms of the deal, but it is believed to be a multiyear arrangement guaranteed to pay Fish a low to mid-six-figure sum over the life of the contract. “Pete [Sampras] and Andre [Agassi ...

Tags: Adidas

SportsBusiness Journal: CART TV deal, fan base fuel stock pessimism

Two stock analysts issued sharply negative reports on Championship Auto Racing Teams Inc. recently, arguing that a declining fan base and a potentially weak television agreement boded poorly for the sanctioning body. While CART, which sanctions an open-wheel racing circuit, finally announced ...

Tags: CBS Broadcasting Inc., Championship Auto Racing Teams Inc., Dover Downs Entertainment, International Speedway Corp., ISL Marketing, NASCAR, Speedway Motorsports Inc.

SportsBusiness Journal: Venus designing apparel line for Wilsons Leather

Tennis star Venus Williams will endorse the Wilsons Leather chain of specialty leather goods shops and design her own apparel collection for the stores. Williams will receive a minimum guarantee plus royalties on her lines. The deal is expected to pay ...

Tags: Dallas Mavericks, Dallas Stars, Fox, IMG, NBA, Reebok, Southwest Sports Group

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