Featured Story

Stadium planners face uncertainty thanks to tax bill provision

Published in SportsBusiness Journal on 11 / 13 / 17

The tax bill winding its way through Congress has sent a tremor through the stadium financing world because it would ban municipalities from selling tax-exempt bonds for sports venues. Perhaps more unsettling, the bill is retroactive to Nov. 2, meaning pending deals may have to be redone. “...

Read More

Tags: Finance

More Stories

10/30/17
Ben Sutton’s back with investment fund

“What’s really interesting is finding undeveloped or underdeveloped businesses that have the potential to grow.” Photo: COURTESY OF BEN SUTTON Ben Sutton has found life after IM ...

Tags: Finance

09/11/17
Notre Dame’s stadium project complete

Notre Dame kicked off its football season Sept. 2, showcasing the $400 million stadium upgrades. GETTY IMAGES Shortly before Notre Dame kicked off its season against Temple, the sellout cro ...

Tags: ATT, ING, Champion, Football, GE, Ally, Facilities, CES, Media, Basketball, Technology, ACC, Finance, SPL, SEC, UPS

06/05/17
FanDuel: Merger has risks

The proposed FanDuel-DraftKings merger, designed by the companies to rejuvenate growth and become more efficient in the previously high-flying business of daily fantasy sports, faces plenty of hurdles even if approved by regulators, FanDuel acknowledged to its investors. According to a merger doc ...

Tags: Finance

02/20/17
MLS strength evident in stadium lending

Sumitomo and JPMorgan Chase lent roughly $80 million for Orlando City SC’s new stadium. Photo by: ORLANDO BUSINESS JOURNAL When Orlando City SC’s new stadium swings open t ...

Tags: Finance

02/20/17
Banks’ interest revives Raiders in Vegas

The Oakland Raiders are close to securing bank financing from lenders including U.S. Bank, potentially reinvigorating the team’s effort to secure a stadium in Las Vegas, sources said. The move comes with NFL committee meetings scheduled for March 6-8 in Palm Beach, Fla., when key owners wil ...

Tags: Finance

10/17/16
DTI Management gets $75M funding

Virginia-based ticketing services firm DTI Management has closed on a $75 million round of funding from CVC Capital Partners and New Amsterdam Growth Capital, an investment aimed at accelerating its growth within a rapidly changing ticketing industry. ...

Tags: Finance

10/10/16
ISC revenue up, but admissions see dip

International Speedway Corp. released its 2016 third-quarter results last week for the period ended Aug. 31, with the results showing an increase in total revenue but another downtick in admissions revenue. ISC saw total revenue of $129 million during the quarter. That’s up 3 percent from $ ...

Tags: Finance

07/11/16
Learfield’s run fuels talk of sale

Learfield last month closed on its 10th acquisition in two-plus years, adding fuel to the rampant speculation that the company is about to be sold again after a flurry of deals and rapid earnings growth. The question making the rounds now among industry insiders: Can Learfield fetch a price of $1 ...

Tags: Colleges, Finance, Marketing and Sponsorship

05/09/16
Warriors valued at $1.6B

The Golden State Warriors were valued at $1.6 billion as part of a limited partnership sale in the team earlier this year, according to financial sources. The stake that was sold is small, around 1 percent to 2 percent, so the transaction itself was only a low-eight-figure exchange. Still, it off ...

Tags: Finance, Franchises

05/02/16
Properties take on investors, debt

Competitor Group Inc. is not the only company in the endurance space working through some financial engineering, as the once-booming sector struggles to match its high growth rates of recent years. Spartan Race, which operates competitive obstacle course events, raised $10 million late last month ...

Tags: Finance

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug