Arenas: 20 years old and counting Barclays Center for sale Citi’s Rick Perna joins Park Lane Falcons deal likely up to BofA, SunTrust TV money up 20 percent for NFL clubs Future bodes well for Packers’ income Talk in Buffalo centers on staying home Franchise values: Which price is right? Clippers scenarios have yet to play out USTA closing out $450M bond sale
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.