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Daniel Kaplan

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

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Barclays Center rep: Seeking ‘strategic partner’

Published in On The Ground on 10 / 20 / 14

SportsBusiness Journal reported this morning that Barclays Center is for sale . This afternoon, arena representatives provided the following statement, attributable to spokesman Barry Baum. “Our goal is to identify a strategic partner as we continue to capitalize on the great performance o...

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Tags: On The Ground

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SportsBusiness Journal: Reeling ISL hunts for options

Heavy losses are forcing international marketing giant ISL to overhaul much of its sports portfolio, including contracts with CART, the ATP and possibly FIFA, and sources said the company's only recourse may be to put itself up for sale. ISL had planned to do either an initial public offerin ...

Tags: Championship Auto Racing Teams Inc., ESPN, ISL Marketing, NCAA

SportsBusiness Journal: Debt forced Ackerley to sell SuperSonics

When The Ackerley Group acquired nearly a dozen TV stations and billboard companies last year, it led to a development few people in sports expected: the sale of the Seattle SuperSonics. The acquisitions increased Ackerley's debt substantially to $ ...

Tags: Ackerley Group, Basketball, NBA, NFL, This Week's Issue

SportsBusiness Journal: Tab for 3 minor league ball teams, related firms set at $33M

Comcast paid $33 million to buy three minor league baseball teams, sources said, a sign that the value of minor league sports is rising. Comcast, which would not confirm the sale price, completed its purchase earlier this month of the Class A Frederick Keys and Delmarva Shorebirds and the Cl ...

Tags: Baltimore Orioles, Baseball, Comcast Corp., Philadelphia 76ers, Philadelphia Flyers, This Week's Issue

SportsBusiness Journal: Barman departs Prudential Securities in wake of cuts

Aaron Barman is leaving Prudential Securities, where he ran the Wall Street firm's sports finance practice. Prudential decided last month to severely cut the size of its investment bank, a move that has apparently eliminated sports finance there. Barman and Prudential did not return calls ...

Tags: Denver Broncos, NBA, Portland Family Entertainment, Portland Trail Blazers, Prudential Securities, Vulcan Ventures

SportsBusiness Journal: Analysts unconcerned by Nike execs’ sales

Several top Nike executives sold large chunks of their company stock at the end of last year and in the first week of 2001, according to filings made with the Securities and Exchange Commission. In the largest transaction, Tom Clarke, president of Nike's new business ve ...

SportsBusiness Journal: Red Sox sale proceeds without bank’s help

The high-profile auction of the Boston Red Sox is so far missing an ingredient found in nearly every other major team or franchise sale of the last two years: an investment bank advising the seller. Bingham Dana, the law firm representing the Yawkey estate, which owns 53 percent of the Red ...

Tags: Boston Red Sox, Cleveland Browns, Houston Texans, NFL

SportsBusiness Journal: NBA exec jumping to NY Road Runners Club

The New York Road Runners Club plans to announce this week that NBA executive Ann Crandall Hinegardner will be its new director of marketing. The Road Runners Club owns the New York City Marathon and organizes more than 100 other races. Hinegardner will oversee all marketing efforts of the c ...

Tags: Dallas Stars, NBA, NBC, Southwest Sports Group, WNBA

SportsBusiness Journal: Prudential wants out of new U.S. Open deal

Prudential Securities wants to end its multiyear, up to $20 million sponsorship of the U.S. Open Tennis Championships, less than a year after signing the deal. The resignation 10 weeks ago of the firm’s chief executive, Hardwick Simmons, who enthusiast ...

Tags: Ericsson Inc., Millsport LLC, Nasdaq, Prudential Insurance, Prudential Securities

SportsBusiness Journal: AT&T’s problems put stake in Cablevision up for grabs

The Dolans could be getting new partners soon. The powerful family that controls Cablevision Systems Corp. learned officially this month that AT&T Corp. was mulling selling its 45 percent stake in the Long Island cable company. Cablevision, in addi ...

Tags: Cablevision Systems Corp., MSG Network, New York Knicks, New York Rangers, Southwest Sports Group, Texas Rangers

SportsBusiness Journal: USTA signs on for 5-year MBNA credit-card deal

The U.S. Tennis Association signed a five-year contract with MBNA to market credit cards to the group’s members and other tennis enthusiasts starting next month. The deal guarantees the USTA several million dollars, sources said. A small percentage of every card transaction will fund USTA te ...

Tags: First USA, MasterCard International Inc., MBNA America Bank, NASCAR, NFL, NHL, Visa

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