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Daniel Kaplan

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

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Cornwell Leaving Morgan Stanley To Join Former Boss' PJT Partners

Published in SportsBusiness Daily on 11 / 23 / 14

Morgan Stanley Managing Dir Don Cornwell , who runs sports investment banking for the firm, is leaving his position to join PJT Partners. He will start there February 18. PJT is a firm started by Cornwell's former boss, Paul Taubman . Cornwell said he will continue to handle sports investmen...

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SportsBusiness Journal: Barman heads up new unit for Macquarie

Former Prudential Securities sports banker Aaron Barman was hired late last month by Australian lender Macquarie Bank Ltd. to form a sport finance group. Best known for arranging innovative financing for the Rose Garden in Portland in 1993 and AmericanAirlines Arena in Miami three years ago, ...

Tags: Prudential Securities

SportsBusiness Journal: ISL’s escape from ATP to cost $150M

ISL Worldwide will pay the ATP and its top 10 tournaments $150 million to $160 million to terminate the disastrous marketing contract the Swiss company signed with the men's tennis group, under a tentative agreement the two parties are still negotiating. A knowledgeable source close to the ...

Tags: Dentsu, Ericsson Inc., ISL Marketing, Octagon Group

SportsBusiness Journal: Reebok gives tennis endorser Martin the boot

Citing its new 10-year, $250 million deal with the NFL, Reebok has ended its decade long relationship with U.S. tennis player Todd Martin. Reebok made large financial commitments last year to the NFL, Venus Williams and Allen Iverson. Dropping Martin is a sign that the company's sports marke ...

Tags: Ericsson Inc., NFL, Octagon Group, Reebok

SportsBusiness Journal: Sanex to pay $2M to add name to tour finale

WTA Tour title sponsor Sanex has agreed to pay $2 million annually to name the circuit's season-ending tennis championships in Munich, Germany, for the next three years. It is the first time since 1989, when Virginia Slims sponsored the WTA Tour and championship, that the same company has ...

Tags: Chase Manhattan Corp., ESPN, MSG Network, Nasdaq

SportsBusiness Journal: Head Seeks Pros' Help

Head/Penn Racquet Sports is launching an aggressive marketing campaign centered on professional tennis to promote its newly designed tennis balls and rackets. Using the Ericsson Open in Miami last week as a backdrop, the Austrian company unveiled a new racket and ball sponsorship of the spor ...

Tags: Tennis, This Week's Issue

SportsBusiness Journal: USTA Readies Grass Roots $$

The U.S. Tennis Association plans a second version of its five-year, $50 million program to jump-start recreational tennis play. The USTA, tennis' U.S. governing body, is scheduled to announce the new program today. Dubbed "Plan for Growth 2," the initiative will begin in 2003 and invest mor ...

Tags: Tennis, This Week's Issue

SportsBusiness Journal: Ziets Joins Goal Group

Mitchell Ziets resigned from Legg Mason earlier this month and joined the sports management firm Goal Group Consulting LLC as a partner last Monday. The firm is expected to announce the hire today. Ziets had been with Legg Mason for only two years, consulting teams and cities on stadium-re ...

Tags: Finance, Football, Soccer

SportsBusiness Journal: Ellesse Signs Tennis Player

Italian sports apparel maker Ellesse signed 14-year-old American tennis player Nicole Pitts to a long-term contract. While terms were not disclosed, it is believed to be a multiyear arrangement with a small annual base payment of up to $30,000, plus incentives for performance. Pitts turne ...

Tags: Tennis, This Week's Issue

SportsBusiness Journal: Ericsson’s slide looms over tourney

The grass was greener last year at Miami's Ericsson Open, and not just because of the drought that has parched the tennis tournament's once-lush lawns. Mobile phone maker Ericsson, after a big splash in 2000 with its inaugural tournament, is reviewing its global sponsorship strategy. Reeli ...

Tags: This Week's Issue

SportsBusiness Journal: Sluggish investments keep USTA in red

For the second year in a row, the U.S. Tennis Association in 2000 suffered an annual loss despite the financial bonanza generated by the U.S. Open. The shortfall was largely tied to the group's sluggish investment portfolio, however, and this year the USTA expects to break even. In 2000, ...

Tags: This Week's Issue

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