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New NBA debt terms reflect investor confidence06 / 17 / 13The NBA has completed a $2.3 billion financing package that will continue to keep league-backed loans flowing to its teams. Significantly, the new debt has longer maturity terms and better interest rates than the previous financing package of the same amount. Those characteristics underscore the ... Tags: Finance |
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Citigroup lends Predators $37M
Citigroup lent the Nashville Predators $37 million, closing the deal just weeks before Wednesday’s expiration of the NHL’s collective-bargaining agreement. The deal refinances roughly the same amount of debt the team had borrowed from BankAmerica as part of the acquisition of the franchise ...
Tags: Finance, Hockey, Nashville Predators
Texans reprice $200M in bonds
The Houston Texans repriced $200 million of bonds last month, saving the team about $1.3 million annually over the six-year life of the debt. The team had orchestrated a $350 million refinancing in January that consolidated the debt that owner Bob McNair took on to buy the expansion franch ...
Tags: Finance, Football, Houston Texans, NFL, SG Cowen
Panel looks at NFL-wide biz analysis
The NFL owners group studying revenue disparity in the league has dramatically expanded the scope of its focus to include the league’s entire economic structure. The move marks the first time in the 82-year history of the NFL that a committee will comprehensively examine every business elem ...
Tags: Atlanta Falcons, Carolina Panthers, Dallas Cowboys, Detroit Lions, Finance, Football, Green Bay Packers, Houston Texans, Jacksonville Jaguars, Miami Dolphins, New England Patriots, New York Giants, NFL, Oakland Raiders, Pittsburgh Steelers
Select group receives IMG's book
IMG’s investment banker, Rothschild LLC, has sent out an investment “book” to at least nine potential financial partners for the Cleveland-based sports management and marketing giant, including individuals and companies, sources said. One of the groups receiving a book is said to be led by ...
Tags: Clear Channel Communications Inc., Finance, IMG, SFX
Falconhead sells Golf Warehouse
Sports buyout fund Falconhead Capital sold the Golf Warehouse for $32 million, more than five times the fund’s initial investment, wiping away losses the investor had suffered from previous Internet-related purchases. The Sportsman’s Guide bought the online golf retailer. The only fund t ...
Packers turn record profit: $23M
The Green Bay Packers earned a record $23 million during their 2004 fiscal year, making the smallest market in the NFL one of its most lucrative. Buoyed by the first full season in a completely renovated Lambeau Field, the Packers’ operating revenue rose 17 percent to $179 million for the ...
Tags: Finance, Football, Green Bay Packers, Houston Texans, Indianapolis Colts, NFL
B of A a giant after Fleet deal
Meet the New York Yankees of sports lending. The new Bank of America sports group, which combines two of the top three players in the business after the bank’s conquest of Fleet Financial Group closed March 31, straddles the landscape as the 900-pound gorilla in the market. With billion ...
Tags: Finance, Fleet, Lehman Brothers Inc., MLB, New York Yankees, NFL, SG Cowen
Nasdaq uses tourney to boost QQQ
QQQ. The three letters are the heart of Nasdaq's marketing campaign around this week's Nasdaq-100 Open, the largest non-Grand Slam tennis tournament. Serena Williams collector card The QQQ is the Nasdaq-100 Index Tracking stock, the heav ...
Cowen: Levitt wrong about lending
What would you say if one of the most revered chairmen of the Securities and Exchange Commission basically said you were nuts? While Arthur Levitt did not utter that word, he did suggest banks should not be lending to the NHL. And there are a handful that do lend. After releasing a report ...
Tags: Detroit Red Wings, Finance, Hockey, Minnesota Wild, NHL
Revenue, wins pile up at St. Joe’s
Saint Joseph's Athletic Director Don DiJulia knew his men's basketball program would be good this year — just not this good. "This wasn't even in God's plans," DiJulia said DiJulia last week, one day before the team pushed its record ...
Tags: Basketball, Colleges, Finance
