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NHL prepares loan pool that will top $1B

04 / 14 / 14

Boosted by its lucrative new Canadian media deal and other revenue growth, the NHL is preparing a groundbreaking credit facility of at least $1 billion that for the first time would allow clubs to borrow from a centralized loan pool, finance sources said. The NHL’s longtime banker, Citigrou...

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03/31/14
The dealmakers

Rob Tilliss Founder, Inner Circle Sports It was a banner year for Inner Circle, with advisory roles on the sales of the Florida Panthers, New Jersey Devils and Phoenix Coyotes in 2013. Inner Circle’s biggest deal since Tilliss star ...

Tags: In-Depth, Finance

03/31/14
Seller's market for teams

Rising equity markets, owner friendly collective-bargaining agreements, healthy business metrics. Despite these factors blessing sports leagues, or perhaps because of them, the sale of teams has been sluggish at best. In Major League Baseball, for example, there has not been a sale of a team in t ...

Tags: In-Depth, Finance

03/31/14
Sports-related mergers

TEAMS Sacramento Kings ■ Seller: Maloof family ■ Buyer: Vivek Ranadivé ■ Price: $534 million Note: Less than two weeks after buying controlling interest, the Ranadivé Group purchased another 7 percent share to bring the tot ...

Tags: In-Depth, Finance

03/31/14
Bank on it

The 25-year-old, dyed-in-the-wool Pittsburgh Steelers fan couldn’t believe his eyes. Bill Cowher angrily stormed toward him, approaching on the grounds of the old Municipal Stadium in Cleveland, his trademark spittle flying. Don Cornwell, a young staffer at the NFL in 1994, had gotten the s ...

Tags: In-Depth, Finance

12/16/13
Lender to finance broker purchases

A Connecticut-based lender has struck partnerships with three NHL teams and one NBA team to help finance broker purchases of season-ticket packages. Entertainment Financial, a sister company of established secondary-ticket market player TicketNetwork, has positioned itself as a preferred ticketin ...

Tags: Finance

12/16/13
Inner Circle closes loop on team deals

Cliff Viner had no luck after hiring a brand-name Wall Street firm to find a buyer for his NHL team, the Florida Panthers. Then he got introduced to Inner Circle Sports, a boutique sports advisory firm that has a lot to celebrate this holiday season. ...

Tags: Finance

12/09/13
Jags exec Tony Khan invests in TruMedia

Tony Khan, son of Jacksonville Jaguars owner Shad Khan and the team’s senior vice president of football technology and analytics, has made a significant investment in Massachusetts-based sports analytics firm TruMedia Networks. Terms of the investment were not disclosed, but both parties de ...

Tags: Finance

11/18/13
Equity fund will shop for farm teams

The ownership group behind the Class AAA Reno (Nevada) Aces is raising a $100 million equity fund to buy up to seven more Minor League Baseball teams. The fund, titled Manhattan Capital Sports Acquisition, already has $20 million and is in the p ...

Tags: Finance

10/14/13
Eagles borrow $190M over new longer term

The Philadelphia Eagles earlier this month borrowed $190 million, and notably secured a 25-year maturity on the debt. The Eagles will soon begin the first phase of $125M in renovations at Lincoln Financial Field. Ph ...

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09/23/13
Vikings pick banks for stadium financing

The trio of banks that managed the San Francisco 49ers’ stadium financing will do so for the Minnesota Vikings, as well, finance sources said. The Vikings will seek to borrow up to $250 million using Goldman Sachs, U.S. Bank and Bank of America as lead lenders, the sources said. ...

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