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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Yankee group carries nearly $2B in debt
The New York Yankees and their affiliates carry nearly $2 billion of debt, according to sources who have reviewed loan documents in the market for Yankee Global Enterprises, the team’s parent company, and Legends Hospitality Management, the club’s concessionaire.
Tags: Finance
Arizona mulls tax financing for sports projects
Some Phoenix-area cities and local business interests are trying to pump new life into the idea of special tax zones that earmark financing for sports complexes and other projects. Those groups talking about reviving tax-increment financing still are trying to decide whether their proposal should he ...
Tags: Finance
MLB's short-term loan pool a first for big leagues
MLB has created the first leaguewide credit facility for short-term lending, capping its clubs at $15 million apiece, according to multiple finance sources. As of last week, about six clubs had used the credit facility, or loan pool, which closed last month and is the first of its kind across sports ...
Tags: Finance
LPGA in rebuilding mode for sponsor summit
The LPGA’s first-year commissioner Mike Whan and his chief marketer Jon Podany will stage their first sponsor summit on Wednesday in New York, where they’ll tell a story of a tour on the mend. A room full of more than 100 marketing executives from current sponsors, prospective sponsors and marke ...
Careers
Baseball The Arizona Diamondbacks promoted Steve Mullins to senior director of corporate partnerships and Kerri White to director of corporate partnership services. The Texas Rangers named Jay Miller senior vice president. Miller was president and chief operating offi ...
Tags: Baseball, Arizona Diamondbacks, Texas Rangers, Basketball, Portland Trail Blazers, Oklahoma City Thunder, Atlanta Hawks, NBA, Philadelphia 76ers, Brooklyn Nets, Phoenix Suns, Cleveland Cavaliers, Media, Champion, DC, Minnesota Timberwolves, Minnesota Lynx, SNY, TRAC, NTRA, Facilities, SMG, Finance, Bank of New York, Football, Golf, Hockey, Edmonton Oilers, AHL, CHL, Phoenix Coyotes, TES, Nashville Predators, ECHL, Octagon, Marketing and Sponsorship, Cialis, International, Pittsburgh Pirates, ESPN, Cleveland Browns, Tennis, Fox, Soccer, TSN, Detroit Pistons, Puma, New Balance
Tigers’ $130M refinancing called a good sign
The Detroit Tigers have refinanced $130 million, signaling that sports finance continues to rebound from the depths of the national recession. The Tigers’ refinancing is also the first such deal since the resolution of the Texas Rangers’ contentious bankruptcy and franchise sale proc ...
Tags: Detroit Tigers, Finance, Texas Rangers, MLB, Baseball, TRAC, NHL, NBA, TES, Wells Fargo
Editorial changes add depth to our coverage
We have made some changes in our editorial department and wanted to share details with you. First, SportsBusiness Journal and SportsBusiness Daily welcome Fred Dreier as a reporter in our New York City office. Dreier is a graduate of the Columbia University Graduate School of Journalism and ...
Tags: Fred Dreier, Hockey, Soccer, Tripp Mickle, Motorsports, Michael Smith, Action Sports, Golf, Bill King, Boxing, Mixed Martial Arts, Olympics, Eric Fisher, Baseball, Media, Liz Mullen, Horse Racing, Daniel Kaplan, Finance, Football, NFL, Tennis, Don Muret, Facilities, John Ourand, Terry Lefton, Colleges, John Lombardo, Basketball, AFL
Thad Sheely
With New Meadowlands Stadium scheduled to open in a matter of weeks, Thad Sheely may be forgiven for chuckling about the dark days of the summer of 2005. That’s when, after f ...
Tags: New York Jets, Madison Square Garden, New York Giants, Finance, Prudential Securities, Miami Heat, DC, Audi, TES, NYC2012, Toronto Raptors, Ping, Air Canada, NFL
Mark Whitaker
Chances are, Mark Whitaker may be the only self-described computer nerd and poetry major toiling in professional sports. And not only does Whitaker have a degree in Renaissance poe ...
Tags: Finance, Cialis, NTRA, TRAC, New York Yankees, New York Mets, Chicago Cubs, New York Jets, NEC, TES, Ottawa Senators
Dan Beckerman
Age: 39 Title: Chief operating officer and chief financial officer ...
Tags: Arthur Andersen, Finance, Los Angeles Clippers, Los Angeles Kings, TES, Forty Under 40, Audi, Facilities, NTRA, TRAC, Media, MLS, NBA, Ping
