- Tennis headliners are Prince creditors
- Debt a common foe in NHL playoff series
- NFL to increase team debt limits
- Liverpool creditors square off
- NFL close to giving OK for 49ers stadium
- Debt deal to save D-Backs millions
- Owners to vote on NFL venture capital fund
- Investors hold key to IMG future
- IMG's 'trickle-down effect'
- Change on News Corp. books
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Top tennis names listed as creditors in Prince’s Chapter 11 filing05 / 07 / 12Prince Sports’ bankruptcy filing last week reverberated though the professional tennis world, with more then three dozen entities listed as creditors ranging from the world’s No. 2 women’s player, Maria Sharapova, to governing bodies of the sport. More than two dozen players hav... Tags: Finance |
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Debt a common foe in NHL playoff series
On the ice, the New Jersey-Florida first-round NHL playoff series pits a perennial postseason Devils squad against a Panthers team that made it past the regular season for the first time in more than a decade. But off the ice, the two teams face similar challenges: steep debt loads, financial los ...
Tags: Finance
NFL to increase team debt limits
The NFL is planning to raise the amount of debt teams can borrow to $175 million per club from $150 million, according to financial and other sources. The move, if made, would be the first loosening of debt rules among the major sports leagues since the financial collapse of 2008. The NFL did ...
Tags: Finance
Liverpool creditors square off
It’s been almost two years since Tom Hicks and George Gillett lost their grip on Liverpool Football Club, contending that a runaway board sold the team out from under them to the Boston Red Sox ownership group for a below-market price. Last week, that contention saw its first light of day i ...
Tags: Finance
NFL close to giving OK for 49ers stadium
The NFL within three weeks could approve the financing for the San Francisco 49ers’ planned stadium in Santa Clara, Calif. — including providing up to $200 million in funding grants from the league — marking the strongest sign yet that California’s first new football stadium ...
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Debt deal to save D-Backs millions
The Arizona Diamondbacks will save up to $12 million over the next five years as part of a three-pronged, $140 million financing the club wrapped up earlier this month. Through 2024, the savings could top $30 million. The cash infusion is a boon for a midmarket team like Arizona, which is often s ...
Tags: Finance
Owners to vote on NFL venture capital fund
NFL owners are slated to vote this week on creating the first league-run venture capital fund in sports. A league spokesman said last week that a vote was scheduled for Wednesday’s half-day owners meeting in Dallas. The $32 million fund, which would invest in football-related startups, w ...
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Investors hold key to IMG future
Ted Forstmann left a clear, final order for IMG senior management before his death: Do not sell the company. It’s an order that IMG’s senior management hopes to fulfill, but their ability to do so requires a commitment from the limited partners that invested in Forstmann Little&rsquo ...
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IMG's 'trickle-down effect'
In sports agency circles, just as in elementary school, anything involving the biggest kid on the block gets noticed. So whether IMG is not for sale, as the agency steadfastly insists, or if it will end up on a holding company’s roster has been debated in sports marketing circles with regulari ...
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Change on News Corp. books
News Corp. is changing the way it accounts for potential losses that stem from future payments on the rights to broadcast U.S. sports. The owner of Fox Sports will no longer estimate potential future losses, a move that could minimize the type of large write-off that might spook investors. The ch ...
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Lawsuit questions Liverpool sale price
Thirteen months ago, when New England Sports Ventures acquired Liverpool FC, the team’s owners, George Gillett and Tom Hicks, charged that a runaway board had sold the fabled franchise without their consent and ignored higher offers. Those charges are now winding their way though a case in ...
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