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Relativity Sports eyes next step

Published in SportsBusiness Journal on 08 / 10 / 15

While Relativity Media was in the midst of a very public Chapter 11 bankruptcy protection filing just a few weeks ago, Relativity Sports was quietly undergoing an ownership shift. Just two days before Relativity Media filed for Chapter 11, an entity controlled by billionaire and Pittsburgh Pengu...

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Tags: Finance, Labor and Agents

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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 ...

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Owners to vote on NFL venture capital fund

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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 ...

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IMG's 'trickle-down effect'

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Change on News Corp. books

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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 ...

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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 ...

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Pennsylvania powerhouse keeps the top spot

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

End of the line

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