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Daniel Kaplan

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

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NFL Plans To Transition Away From League's Tax Exempt Status

Published in SportsBusiness Daily on 04 / 28 / 15

NFL Commissioner Roger Goodell today informed owners in a memo that the league would transition to a taxable structure, describing the league’s tax exempt status as a distraction and having been mischaracterized. While the league's 32 teams pay taxes, and it was the few hundred million ...

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SportsBusiness Journal: Loans pile up in Snyder's Redskins bid

Bank of America Corp. has loaned at least $120 million to three of the limited partners in the group buying the Washington Redskins to fully fund their stake in the team, finance sources say. That means of the $800 million Daniel Snyder and his group agreed to pay for the club and Jack Kent Cook ...

Tags: Baltimore Ravens, Game Plan LLC, NFL, Snyder Communications Inc., Washington Redskins

SportsBusiness Journal: World TeamTennis yearns for city life

Walk down any street in America and chances are that few people, if asked, would know what World TeamTennis is. Founded and managed by tennis legend Billie Jean King, World TeamTennis entered its 19th season last week with little fanfare or publicity. Played in midsized to small locales such as ...

Tags: DuPont, ESPN, Fox, Game Plan LLC, IMG, NBC, New England Patriots

SportsBusiness Journal: Ratings for Wimbledon, though good, profit from comparisons

Wimbledon's hot U.S. television ratings may appear to be a good omen for the tournament heading into new rights fee talks with American broadcasters, but the 1999 results may not be as robust as they appear. NBC, which just wrapped up the last year of its contract, broadcast the blockbuster men' ...

Tags: Clear Channel Communications Inc., NBA, NBC, SFX

SportsBusiness Journal: Amex goes for gold in big U.S. Open effort

American Express Co. plans a multimillion-dollar promotional campaign surrounding this year's U.S. Open, tennis sources say. American Express (NYSE:AXP), one of the tournament's top sponsors, has or is close to deals with John McEnroe, Venus Williams and Wimbledon and defending Open champion Lin ...

Tags: IMG, Reebok

SportsBusiness Journal: Ball market earns Callaway a ‘buy’

Shares of Callaway Golf Co. received an important boost of confidence last week when A.G. Edwards & Sons Inc. upgraded the stock to a "buy." Beset by a sluggish domestic golf club market, Asian losses and cutthroat competition, Callaway’s (NYSE:ELY) stock has been a big loser much ...

Tags: Microsoft Corp.

SportsBusiness Journal: Interest in Ascent heats up

The bidding for Ascent Entertainment Group Inc.’s sports properties may suddenly get a lot more crowded as at least three new parties have expressed interest in buying the assets since the company reopened the door to more offers, said a person familiar with the process. Potential bidders, inclu ...

Tags: AEG, Colorado Avalanche, Denver Nuggets, Los Angeles Kings, Los Angeles Lakers, MARC Advertising, Microsoft Corp., Nasdaq, NBA, PepsiCo, Sportscorp Ltd., Staples

SportsBusiness Journal: Societe waiting to slice Skins loan

Société Générale does not plan to syndicate its pending $340 million loan to the group buying the Washington Redskins until September at the earliest, a source familiar with the situation said. Banks commonly slice up loans and sell the pieces to other banks, a proces ...

Tags: Microsoft Corp., Washington Redskins

SportsBusiness Journal: ISC set to line up $300 million loan

International Speedway Corp. plans to borrow $300 million as part of its deal to buy Penske Motorsports Inc. for $623 million. International Speedway (Nasdaq:ISCA) said last week that the financing is structured as a $30 million, five-year revolving credit facility. The facility, which is expe ...

Tags: First Union Corp., International Speedway Corp., Microsoft Corp., Nasdaq, Penske Corp.

SportsBusiness Journal: Two up their stake in Ascent

Beverage and fast-food titan Nelson Peltz and media mogul Kerry Packer have increased their take in Ascent Entertainment Group Inc. (Nasdaq:GOAL) by nearly 100,000 shares to 9.7 percent of the company’s stock, according to a filing their group made with the Securities and Exchange Commission last w ...

Tags: Ascent Entertainment Group Inc., Colorado Avalanche, Denver Nuggets, Microsoft Corp., Nasdaq, PepsiCo

SportsBusiness Journal: Nuggets are facing a time crunch

Shareholders may be happy that Ascent Entertainment Group Inc. has reopened the bidding process for its sports assets, but long-suffering Nuggets fans can't be. While Ascent agreed to allow new bids for the Denver Nuggets, Colorado Avalanche and the Pepsi Center, the Nuggets now could find it di ...

Tags: Ascent Entertainment Group Inc., Colorado Avalanche, Denver Nuggets, NBA, PepsiCo

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