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Strength of MLS evident in stadium lending

Published in SportsBusiness Journal on 02 / 20 / 17

Sumitomo and JPMorgan Chase lent roughly $80 million for Orlando City SC’s new stadium. Photo by: ORLANDO BUSINESS JOURNAL When Orlando City SC’s new stadium swings open t...

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12/17/01
Schools safe from IRS plans

The Internal Revenue Service doesn't plan to tax most sponsorships in which a company is designated as an exclusive-service provider of a tax-exempt organization, a group that includes universities and their athletic departments and sports leagues such as the PGA and NHL. Many of these gro ...

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12/17/01
The Sporting 40 Stock Index

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12/17/01
Finance briefs

  Bradley Center revamp hits snag A proposal for a $75 million upgrade of Milwaukee's Bradley Center has been blocked, at least temporarily, by political wrangling between the private Bradley Center board and the public board that runs the neighboring U.S. Cellular Aren ...

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12/17/01
Bonds to raise money for garage

Hamilton County, Ohio, was to issue nearly $25 million in bonds last week to raise money for parking and infrastructure improvements on the Cincinnati riverfront near the Reds' new ballpark. The $24.7 million in variable-rate bonds were to carry an initial ...

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12/10/01
Finance Briefs

  Oshman's on Gart's books Denver-based Gart Sports Co. reported net income of $300,000 and total sales of $219 million in the third quarter. In June, Gart completed its acquisition of Oshman's Sporting Goods. The one-time integration ...

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12/10/01
The Sporting 40 Stock Index

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12/10/01
Heitzler’s out as CEO

Joe Heitzler apparently had enough. Or CART had had enough of him.

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12/10/01
Bull Run sells stake

Bull Run Corp. sold its 33.5 percent investment in Sarkes Tarzian Inc. to subsidiary Gray Communications Systems Inc. for $10 million, with the proceeds covering a debt-reduction payment of $10 million that was due Dec. 1. The debt payment is part of a $100 million-plus credit agreement Bull ...

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12/03/01
Finance Briefs

  Dreams numbers prove pleasant Memorabilia and collectibles company Dreams Inc. of Sunrise, Fla., announced record financial results for the second quarter ended Sept. 30. Net income for the quarter increased 104 percent to $243,000, compare ...

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