Lender to finance broker purchases Inner Circle closes loop on team deals Jags exec Tony Khan invests in TruMedia Equity fund will shop for farm teams Eagles borrow $190M over new longer term Vikings pick banks for stadium financing Filing lists 12 athletes as creditors NBA debt terms reflect confidence Kings refinance $15M as part of sale 49ers able to refinance early
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SBJ/June 17-23, 2013/Finance
Kings refinance $15M as part of sale
Published June 17, 2013, Page 5
|Vivek Ranadivé leads the ownership group.
The new owners could ultimately add another $35 million of debt because the NBA’s team debt limit is $175 million. That option, the sources said, is under consideration.
The club additionally is considering debt for financing of its planned new arena. Any amount there would fall outside the team-specific limit.
GSP declined to comment, as did Game Plan, the financial adviser to the Kings.