49ers able to refinance early Bibb forms sports, lifestyle venture capital fund Marlins look to refinance MLB loan pool Surging Dow Indian league to seek IPO LockerDome gets $6M in venture capital Stars refinance $95M in assumed debt Lenders unlikely to act against Devils Tennis headliners are Prince creditors
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Big sponsorship, seat license sales allow 49ers to refinance early05 / 13 / 13The 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 |
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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 ...
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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 ...
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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 ...
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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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SunTrust bolsters its sports practice by adding Dorfman
SunTrust Banks has hired sports finance veteran Peter Dorfman to jump-start its efforts to become a top lender to teams and leagues. Because there are few banks that focus on sports, SunTrust’s push to be a major player in the sector could be a welcome development for teams and leagues look ...
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