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New deal for HBO OTT service will mean growth for MLBAM

Published in SportsBusiness Journal on 12 / 15 / 14

MLB Advanced Media began 2014 with major video streaming deals with Sony and World Wrestling Entertainment, representing huge boosts to its non-baseball business. Its new pact with HBO to power the cable network’s forthcoming over-the-top streaming service ends the year in much the same fashio...

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12/12/11
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 ...

Tags: Finance

12/12/11
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 ...

Tags: Finance

11/28/11
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 ...

Tags: Finance

11/28/11
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 ...

Tags: Finance

11/14/11
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 ...

Tags: Finance

11/14/11
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 ...

Tags: Finance

10/03/11
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 ...

Tags: Finance

08/15/11
Pennsylvania powerhouse keeps the top spot

Editor's note : This story is revised from the print edition. It would be easy to label Hershey-Harrisburg’s repeat No. 1 ranking in our biennial study of the nation’s top minor league markets as a gimme. The Pennsylvania market has a passionate fan base, tenured clubs and a sta ...

Tags: AHL, Baseball, Finance, International, Facilities, Ping, Washington Nationals, MLB, Hockey, Washington Capitals, NHL, NFL, Football, CHL

07/25/11
End of the line

You’ve been there. You sneak away from the game for a trip to the rest room only to see a line snaking out the door. It’s a situation as old as the sports facility itself. Yet as venues evolve and add amenities and all the latest technical bells and whistles, why is it that their rest ...

Tags: In-Depth, Finance

06/13/11
JPMorgan shuffles sports practice

JPMorgan Chase, one of the top lenders to U.S. teams and leagues, is shuffling the leaders atop its sports finance practice. JOE VERICKER Scott Milleisen, who will take over the sports finance practice, said he pl ...

Tags: Finance

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