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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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NFL can restructure loans, experts say

The NFL, in the event of a lockout, might need to restructure some of its loans because of the recent ruling in the much-watched media fees case, but the impact of any adjustment would be relatively modest and certainly not as dire as it was made to sound by the federal court judge who issued the de ...

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Open Sports shuttered

Open Sports, the online sports startup created in 2008 by SportsLine.com founder Mike Levy, has ceased operations after failing to find a sustainable niche in the hypercompetitive digital arena. The Florida-based operation, seeking to blend fantasy sports with sports news, commentary, social networ ...

Tags: Media, Finance

ISC year-end earnings down

Declining ticket sales depressed year-end earnings results for International Speedway Corp. The company last week reported net income for the year ending Nov. 30, 2010, excluding discontinued operations, was approximately $73.2 million, or $1.52 per share. That was down from $90.7 million, or $1.86 ...

Tags: Facilities, Finance

Design firms look to smaller projects

For a snapshot of the state of sports facility development in North America, go back to Dec. 9. On that day, officials in Edmonton, Sioux Falls and Tampa interviewed architects for arena projects tied to the NHL, minor league sports and college basketball, respectively. But only one of those deals, ...

Tags: NHL, Basketball, Edmonton Oilers, Hockey, Football, Facilities, MLS, Target, KFC, Finance, Miami Marlins, Brooklyn Nets, San Francisco 49ers, Ping, Ellerbe Becket, NFL, 360 Architecture, MLB, Baltimore Orioles, Cleveland Indians, Colorado Rockies, Baseball, HNTB, Colleges, Media, Soccer, Olympics, FIFA, Motorsports, Formula One, NASCAR

Yankee group carries nearly $2B in debt

The New York Yankees and their affiliates carry nearly $2 billion of debt, according to sources who have reviewed loan documents in the market for Yankee Global Enterprises, the team’s parent company, and Legends Hospitality Management, the club’s concessionaire.

Tags: Finance

Arizona mulls tax financing for sports projects

Some Phoenix-area cities and local business interests are trying to pump new life into the idea of special tax zones that earmark financing for sports complexes and other projects. Those groups talking about reviving tax-increment financing still are trying to decide whether their proposal should he ...

Tags: Finance

MLB's short-term loan pool a first for big leagues

MLB has created the first leaguewide credit facility for short-term lending, capping its clubs at $15 million apiece, according to multiple finance sources. As of last week, about six clubs had used the credit facility, or loan pool, which closed last month and is the first of its kind across sports ...

Tags: Finance

LPGA in rebuilding mode for sponsor summit

The LPGA’s first-year commissioner Mike Whan and his chief marketer Jon Podany will stage their first sponsor summit on Wednesday in New York, where they’ll tell a story of a tour on the mend. A room full of more than 100 marketing executives from current sponsors, prospective sponsors and marke ...

Tags: LPGA, New Era, PGA Tour, Finance, Media


Baseball The Arizona Diamondbacks promoted Steve Mullins to senior director of corporate partnerships and Kerri White to director of corporate partnership services. The Texas Rangers named Jay Miller senior vice president. Miller was president and chief operating offi ...

Tags: Baseball, Arizona Diamondbacks, Texas Rangers, Basketball, Portland Trail Blazers, Oklahoma City Thunder, Atlanta Hawks, NBA, Philadelphia 76ers, Brooklyn Nets, Phoenix Suns, Cleveland Cavaliers, Media, Champion, Minnesota Timberwolves, Minnesota Lynx, SNY, Facilities, SMG, Finance, BNY Mellon, Football, Golf, Hockey, Edmonton Oilers, AHL, CHL, Arizona Coyotes, Nashville Predators, ECHL, Octagon, Marketing and Sponsorship, Cialis, Pittsburgh Pirates, ESPN, Cleveland Browns, Fox, Soccer, TSN, Detroit Pistons, Puma, New Balance

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