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NHL prepares loan pool that will top $1B

04 / 14 / 14

Boosted by its lucrative new Canadian media deal and other revenue growth, the NHL is preparing a groundbreaking credit facility of at least $1 billion that for the first time would allow clubs to borrow from a centralized loan pool, finance sources said. The NHL’s longtime banker, Citigrou...

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Public Companies: Capital needs, political realities fuel new int ...

The ownership landscape in professional team sports is undergoing a significant transformation. Including minority positions, there are now 67 public companies that have investments in teams in the NHL, NBA or Major League Baseball. Most of those companies have come on board in the 1990s. The NFL ha ...

Tags: NHL, NBA, Baseball, NFL, Franchises, Cleveland Cavaliers, England, New England Patriots, Baltimore Orioles, Milwaukee Bucks, Florida Panthers, Boston Celtics, General Motors, IBM, USTA, ATT, TRAC, UFA, UPS, Finance, India, Naming Rights, Green Bay Packers, SPL, Esso

Public Companies: Teams

Cleveland Indians The Cleveland Indians’ stock is falling in the standings. After going public amid intense publicity earlier this month, Cleveland Indians Baseball Co. shares have dropped from their $15-a-share initial public offering. Cleveland Indians IPO Date: J ...

Tags: India, Cleveland Indians, Baseball, Nasdaq, IPOMonitor.com, Media, Los Angeles Dodgers, Green Bay Packers, IOC, Football, TES, ATT, TRAC, NFL, Boston Celtics, NBA, Champion, Champions, Florida Panthers, Hockey, Vancouver Canucks, Finance, NTRA, NEC, NHL, New York Rangers, UPS, Orlando Predators, Arena Football League, Ping, ABC, DC, New Orleans Saints, ACC, Daniel Kaplan

New sports-finance unit

Legg Mason Wood Walker, a Baltimore firm known for its mutual funds but relatively unknown in the sports-business world, has hired John Moag, president of the Maryland Stadium Authority and partner in law firm Patton Boggs, to launch a new sports-finance group. Moag has already hired four real es ...

Tags: Finance, Legg Mason, ATT, Salomon Smith Barney

Missouri sports office taps former Cardinals, Chiefs stars for fu ...

ST. LOUIS – The Missouri Sports Office wants to score $50,000 in the first of what it hopes will become an annual fund-raiser for the organization. The Missouri Sports Legends Event, scheduled for Aug. 29, will include dinner and a silent auction. Among the scheduled participants are former ...

Tags: St. Louis Cardinals, Kansas City Chiefs, Finance

Coast to Coast

ATLANTA ■ Wilkens honored by Hall of Fame – again ■ Florida wants changes for prep event ■ Ty Cobb Museum opens July 17 ■ Atlanta Hawks coach Lenny Wilkens, who was enshrined into the Naismit Memorial Basketball Hall of Fame as a player in 1989, will be honored as a coach on Oct. 2. ...

Tags: Coast to Coast, Atlanta Hawks, Basketball, NBA, Football, Florida Citrus Sports, Baseball, Detroit Tigers, Delaware North Cos., Ping, Fleet, IBL, TES, Buffalo Sabres, ACC, NASCAR, NFL, Europe, Champion, Champions, Racing Champions Corp., Sports Group, ATT, Fox, Motorsports, Speedway Motorsports Inc., TRAC, Target, Hockey, ESPN, DC, NTRA, Cinergy Corp., Olympics, AIG, Cleveland Browns, Texas Rangers, Gart Sports Co., Detroit Red Wings, Comerica Bank, Golf, SPL, Naming Rights, Tour 18 Inc., India, NBC, HBO, Los Angeles Lakers, Los Angeles Kings, Miami Dolphins, Soccer, William Morris Endeavor, Milwaukee Brewers, Green Bay Packers, Milwaukee Bucks, Minnesota Vikings, Coca-Cola, Africa, Minnesota Twins, Chicago Bulls, UFA, Wal Mart, NHL, Minnesota Wild, American Express, RDV Sports, Orlando Magic, International, Walt Disney, Walt Disney Co., Comcast-Spectacor, New York Mets, Chase Manhattan Bank, UPS, New York Yankees, Arizona Diamondbacks, And 1, Chicago Cubs, Atlanta Braves, Philadelphia Phillies, Pittsburgh Pirates, Rado, Colorado Rockies, Carolina Hurricanes, U.S. Open, USGA, San Francisco 49ers, MISL, Seattle Mariners, St. Louis Blues, Esso, Sports Avenue, St. Louis Cardinals, Baltimore Orioles, Toronto Blue Jays, Australia, Finance, Baltimore Ravens, Washington Mystics, North America, WNBA, Facilities, Marquee Group

For the Record

FOR THE RECORD PERSONNEL MOVES AGENTS Santa Monica, Calif.-based Management Plus hired Todd Brooks as director of marketing. Greg Sherman was named director/retail sales at Ascent Sports. Woolf Associates promoted Anne Marie Boucher to account supervisor, grants and planning divisio ...

Tags: For the Record, TES, ACC, NTRA, TRAC, Dale Earnhardt Inc., Baseball, Basketball, Hockey, DC, Media, NHL, Football, Cincinnati Bengals, Golf, Callaway Golf, Horse Racing, TSN, Finance, NFL, ESPN, Sports Illustrated, International, CBS, Olympics, SLOC, Toyota, PSP Sports Marketing, ATT, Global Sports, Marquee Group, Australia, Nike, Marketing Arm, Seattle Seahawks, Fox, Ottawa Senators, Edmonton Oilers, England, United Kingdom, BSkyB, Soccer, Europe, Los Angeles Lakers, Titan Sports Inc., NASCAR, Norwegian Cruise Line, India, Philadelphia Eagles, NEC, Imadgine Video Systems, Publicis, Miami Dolphins, Sports Management Group, Vancouver Canucks, Philadelphia Flyers, UFA, Edge Sports International, Spain, Bruce Levy Associates International Ltd., Green Bay Packers, Atlanta Falcons, Arizona Cardinals, Baltimore Ravens, Streetball International, Washington Capitals, WTA, Champion, Champions, Racing Champions Corp., Sports Group, Wheels Sports Group Inc., IBL, Marment Group, Tultex Corp., Walt Disney, Walt Disney Co., Infoseek Corp., Facilities, International Cycling Productions, Milwaukee Brewers, Purple Moon, Ticketmaster, Sacramento Kings, France, NBA, Audi, Edison International, Arizona Diamondbacks, Atlanta Braves, Baltimore Orioles, Boston Red Sox, Chicago Cubs, Chicago White Sox, Cincinnati Reds, Cleveland Indians, Rado, Colorado Rockies, Detroit Tigers, Houston Astros, Kansas City Royals, Los Angeles Dodgers, Minnesota Twins, New York Mets, New York Yankees, Oakland Athletics, Philadelphia Phillies, Pittsburgh Pirates, San Diego Padres, San Francisco Giants, Seattle Mariners, St. Louis Cardinals, Texas Rangers, Toronto Blue Jays, Travelers, Prince, Chicago Fire, Colorado Rapids, Columbus Crew, Los Angeles Galaxy, New England Revolution

While some BOB vendors thrive, others strike out

PHOENIX – Being selected a food vendor in the new Bank One Ballpark is not the automatic home run some small businesses might expect. Vendors and suppliers at the ballpark report mixed results for their stadium ventures, despite the Arizona Diamondbacks drawing nearly 46,000 people a game. ...

Tags: Arizona Diamondbacks, Target, ACC, UPS, Restaura Inc., Viad Corp., NTRA, TRAC, Finance, TES

Financial secrets become open books

For sports economists like Robert Baade, franchises’ rush to Wall Street is a gift. For the teams themselves, the financial disclosure that accompanies going public is a headache. But more and more, sports franchises agree that the lure of public capital outweighs the added paperwork and pu ...

Tags: Franchises, ACC, Finance, Florida Panthers, Hockey, Media, Orlando Predators, Football, Arena Football League, NFL, Boston Celtics, IOC, IMG, IBM, TES

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