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Big sponsorship, seat license sales allow 49ers to refinance early05 / 13 / 13The San Francisco 49ers plan to refinance their $850 million of stadium debt obligation in the next two months, sources said, well over a year earlier than originally projected. The team last week hosted a bank meeting at the site of the 49ers’ new Santa Clara, Calif., stadium on the same d... Tags: Finance |
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NFL shifts lobbying efforts
More than a year after the end of a politically charged lockout, the NFL is shifting its lobbying efforts, relocating the league’s top executive from its Washington, D.C., office. Jeffrey Miller, a former congressional aide who the league hired four years ago as its first on-staff lobbyist, ...
Aussie Open ups prize money
The ATP’s landmark deal with Tennis Australia to dramatically increase prize money by 2016 for the Australian Open could place significant pressure on the other three Grand Slams, especially the U.S. Open, to change their approach to the financial standoff with the sport’s male players. ...
Tags: Events and Attractions
NFL revenue sharing plummets
Wealthy NFL teams shared significantly less money in 2011 with financially challenged clubs than in previous years, the league told owners at their fall meeting in Chicago last week. Previously, upward of $100 million was transferred annually to solve a financial disparity issue that the NFL wres ...
Jaguars get keys to U.K.
The NFL is allowing the Jacksonville Jaguars to market their brand and sell commercially in the United Kingdom, becoming what is believed to be the first U.S. sports team of any league with significant overseas sales and sponsorship rights. The Jaguars will begin playing annually one game a seaso ...
Tags: Franchises
Judge skeptical of EA's argument
A federal appeals court judge last month cast skepticism on Electronic Arts’ First Amendment argument that it has the rights to use the avatars of college football players without their permission. Electronic Arts is battling two appeals court lawsuits brought by former college quarterbacks ...
Tags: Law and Politics
NFLPA: Owners confirmed collusion
Did the Washington Redskins and Dallas Cowboys point blank tell an NFL arbitrator that the league engaged in collusion two years ago? That is the contention of the union in legal filings last week, contradicting the NFL’s previous assertion that there was no collusion in 2010. The union has ...
Tags: Labor and Agents
Financial struggles could shutter UFL
The United Football League, entering the third week of its season, could shutter shortly if it is unable to pay its players, agents and other sources said last week. The players, these sources said, have yet to be paid this year. Late payments and non-payments to players, other employees and ...
Liverpool case grinding along
It was two years ago this month that the controversial sale of Liverpool FC occurred, but the litigation surrounding the purchase is just now getting into full swing. Lender Royal Bank of Scotland was recently served with discovery requests related to every aspect of the process. Mill Financial, ...
Tags: Franchises
Shield damage
In the mid-1980s, when lawsuits from Oakland Raiders owner Al Davis against the NFL dominated league headlines, then-NFL executive Jim Steeg remembers being worried that football’s popularity could suffer as a result. Longtime league operations guru Bill Granholm counseled him, Steeg recounted ...
Falconhead moves to sell Competitor
Endurance racing business Competitor Group Inc. is on the market, with equity fund owner Falconhead Capital shopping the firm. The plan was detailed in an executive summary of the company sent out recently by an investment bank and confirmed by market sources. ...
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