Upcoming Conferences and Events
Featured Story
New NBA debt terms reflect investor confidence06 / 17 / 13The NBA has completed a $2.3 billion financing package that will continue to keep league-backed loans flowing to its teams. Significantly, the new debt has longer maturity terms and better interest rates than the previous financing package of the same amount. Those characteristics underscore the ... Tags: Finance |
More Stories
Kings refinance $15M as part of sale
The Sacramento Kings, as part of the team’s sale last month, refinanced $15 million owed to Galatioto Sports Partners, sources said. Vivek Ranadivé leads the ownership group. Photo by: NBAE / GETTY IMA ...
Tags: Finance
49ers able to refinance early
The 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
Bibb forms sports, lifestyle venture capital fund
Former Monumental Sports & Entertainment executive Greg Bibb has launched a venture capital fund targeting sports and lifestyle properties, with backing from veteran sports investor Fred Schaufeld’s SWaN and Legend Venture Partners. ...
Tags: Finance
Marlins look to refinance
The Miami Marlins are trying to refinance $165 million and borrow an additional $10 million, financial sources said. Fans have revolted over the team’s roster moves. GETTY IMAGES ...
Tags: Finance
MLB will expand loan pool
MLB plans to increase the pool of money that the league lends to its clubs by about half a billion dollars, pushing the total amount to nearly $2 billion. The league expects to complete the financing by the summer, sources said. The move underscores how MLB financially is enjoying a plush pe ...
Tags: Finance
Hot topic: The surging Dow
Wyc Grousbeck Governor and co-owner, Boston Celtics; former partner, Highland Capital Partners “Long term, I am positive on the place of sports and specifically sports media rights in the overall economy — their growth is base ...
Tags: Finance
Indian league to seek IPO
The fledgling Elite Football League of India is set to file registration papers within several weeks with the U.S. Securities and Exchange Commission for an initial public offering on the Nasdaq Stock Exchange, sources said last week. EFLI playe ...
Tags: Finance
LockerDome gets $6M in venture capital
LockerDome, a St.Louis-based, sports-oriented social media network, has closed on a $6 million round of Series A venture capital funding that includes St. Louis Cardinals President Bill DeWitt III and former NHL most valuable player Chris Pronger. Cultivation Capital Growth Fund, also based in St ...
Tags: Finance
Stars refinance $95M in assumed debt
The Dallas Stars refinanced $95 million, sources said, closing the long book on the troubled history of the debt of Hicks Sports Group. Team owner Tom Gaglardi assumed the debt when he bought the club out of bankruptcy in November 2011. The Stars had been part of Hicks Sports Group, which default ...
Tags: Finance
Lenders unlikely to act against Devils
Lenders to the New Jersey Devils on Tuesday have the right to force the team into bankruptcy, as a key contract provision in the club’s defaulted loans kicks in, but sources close to the situation say such action is unlikely to happen, at least not right away. The lenders, instead, appear w ...
Tags: Finance
