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DTI Management, ticket services firm, gets $75M

Published in SportsBusiness Journal on 10 / 17 / 16

Virginia-based ticketing services firm DTI Management has closed on a $75 million round of funding from CVC Capital Partners and New Amsterdam Growth Capital, an investment aimed at accelerating its growth within a rapidly changing ticketing industry. ...

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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'

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 ...

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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

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

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

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, Facilities, Ping, Washington Nationals, MLB, Hockey, Washington Capitals, NHL, NFL, Football, CHL

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

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

Crane's $220M loan has 'recession-era structure'

AP IMAGES Jim Crane (right) is buying the Houston Astros from Drayton McLane. Incoming Houston Astros owner Jim Crane is borrowing $220 million from Bank of America to finance his nearly $700 million ...

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Ditka charity shifts biz model

Gridiron Greats, the charity backed by Mike Ditka for in-need NFL retirees, will no longer host major events — having recently suffered financial losses — but instead will operate as a direct fundraiser. Gridiron Greats lost $178,000 in 2009, the last year public tax records are available, and 2010 ...

Tags: Finance

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