TV money up 20 percent for NFL clubs Future bodes well for Packers’ income Clippers scenarios have yet to play out Talk in Buffalo centers on staying home Franchise values: Which price is right? USTA closing out $450M bond sale Tennis VIPs invest in performance tech Alchemy's new take on crowdfunding Owners buy into skateboarding circuit NHL prepares loan pool that will top $1B
Upcoming Conferences and Events
SBJ/February 21 - 27, 2005/Finance
B of A sells one-third stake in GamePlan
Published February 21, 2005
Bank of America quietly last August sold its one-third interest in GamePlan LLC, the sports investment banking boutique. Terms were not available.
Founded in 1994 by ex-New England Patriots player Randy Vataha and Boston lawyer Bob Caporale, GamePlan is the granddaddy of what had become a potpourri of boutique firms focusing on sports financial consulting.
In 1998, Bank Boston acquired the one-third stake in GamePlan, and Vataha and Caporale moved into the bank’s offices. When BankBoston was bought by FleetFinancial, the resulting bank kept the stake.
But after Bank of America consumed Fleet in March, GamePlan and its new partner decided to part ways, and B of A sold back its stake.
Vataha said GamePlan is focused in part on capital raising for managing and limited partners of sports teams, and Bank of America in other areas. “We don’t compete at the same level,” he said.
GamePlan has moved out of Bank of America’s Boston location.
— Daniel Kaplan