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Daniel Kaplan

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

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NFL Owners Approve $60M For Ravens To Renovate M&T Bank Stadium

Published in SportsBusiness Daily on 03 / 28 / 17

NFL owners yesterday approved $60M in league-backed stadium financing for the Ravens, who are spending $120M on upgrades to M&T Bank Stadium. The renovation will occur over three offseasons, said Ravens President Dick Cass . This offseason, new videoboards from Samsung will be installed. The t...

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SportsBusiness Journal: Capital Partners in headlines

Nearly four years after its launch, Sports Capital Partners finally has a headline deal. Founded in early 1998 by IMG, Chase Capital Partners and Whitehall Financial, the buyout fund emerged as the first ever to target sports. Buyout funds acquire and invest in companies primarily using bo ...

SportsBusiness Journal: 2 tennis stars leave Octagon

One-time U.S. Open finalist Mark Philippoussis and eighth-ranked Jelena Dokic are severing ties to their management firm, Octagon, in episodes that increasingly resemble messy divorces. Both tennis players and their families have hired lawyers and are trying to make sure that Octagon ge ...

Tags: Labor and Agents

SportsBusiness Journal: Tour finale back to U.S.?

The Sanex WTA Tour's incoming chief executive, Kevin Wulff, has had preliminary discussions about bringing the season-ending championship back to the United States. The tournament was staged at New York's Madison Square Garden for its first 29 years before the tour moved it to Munich, German ...

SportsBusiness Journal: ESPN takes Classic to France

Walt Disney's ESPN will launch a historical sports channel early next year in France modeled on its U.S. outlet, ESPN Classic. It is the first major step in the American sports giant's foray into European media. ESPN plans to announce the initiative in London today with its two par ...

SportsBusiness Journal: Banker starts up sports firm

Sports investment banker John Moag is leaving Legg Mason Wood Walker to start his own sports firm, taking his six-person group with him, right down to his administrative assistant. Legg Mason said it would not re-establish its sports industry group. Moag said the business of sports financ ...

Tags: Labor and Agents

SportsBusiness Journal: Heitzler’s out as CEO

Joe Heitzler apparently had enough. Or CART had had enough of him.

Tags: Finance

SportsBusiness Journal: $420M financing for FIFA

Soccer's FIFA has completed a $420 million financing backed by income from next year's World Cup in Japan and South Korea. That would make it one of the top sports financings ever, trailing only deals involving Formula One and the U.S. leaguewide financings sponsored by the NFL and Major L ...

Tags: Credit Suisse, FIFA, MLB, NFL, Soccer

SportsBusiness Journal: FleetBank refinances for Pirates

Call it a case of curious timing. On the same day that MLB Commissioner Bud Selig told the world of his league's economic woes and the heavy debt burden weighting down its teams, baseball's banker was busy refinancing $50 million of debt for the Pittsburgh Pirates. FleetBank last week ref ...

Tags: Baseball, Denver Broncos, MLB, New England Patriots, Philadelphia Eagles, Pittsburgh Pirates

SportsBusiness Journal: Fireworks on CART docket

Tuesday's Championship Auto Racing Teams Inc. quarterly board meeting is shaping up as a barn burner, with two major shareholders now essentially calling for chief executive Joe Heitzler to step aside . And those two, plus team owner Gerald Forsythe, who together own more than 30 percent of ...

Tags: Dover Downs Entertainment, Finance, Motorsports

SportsBusiness Journal: Padres to sell bonds for $160M

The San Diego Padres are close to securing $160 million to pay for their share of a new downtown ballpark, evidence that even in a weak economy middle-market teams can attract financing. The Padres expect to sell private bonds to a group of investors, most likely led by pension fund Teache ...

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