Featured Story

Cycling league founders want to bring U.S. back to the velodrome

Published in SportsBusiness Journal on 10 / 20 / 14

Two veterans of the U.S. cycling industry will launch a new professional bicycle racing series in 2015 that attempts to revive the sport of velodrome track cycling in North America. Called the World Cycling League, the venture is the brainchild of David Chauner and John Vande Velde, who both repr...

Read More

Tags: Leagues and Governing Bodies

More Stories

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 ...

Tags: Finance

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. ...

Tags: Finance

09/23/13
Filing lists 12 athletes as creditors

Editor's note: This story is revised from the print edition. Philadelphia Phillies pitcher Cole Hamels, Brooklyn Nets guard Jason Terry and Philadelphia Eagles tight end Brent Celek are among a dozen current or former athletes listed as creditors in the Chapter 7 bankruptcy filing this month ...

Tags: Finance

06/17/13
NBA debt terms reflect confidence

The 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

06/17/13
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

05/13/13
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

04/29/13
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

04/15/13
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

04/08/13
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

03/11/13
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

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug