49ers able to refinance early Bibb forms sports, lifestyle venture capital fund Marlins look to refinance MLB loan pool Surging Dow Indian league to seek IPO LockerDome gets $6M in venture capital Stars refinance $95M in assumed debt Lenders unlikely to act against Devils Tennis headliners are Prince creditors
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Big sponsorship, seat license sales allow 49ers to refinance early05 / 13 / 13The San Francisco 49ers plan to refinance their $850 million of stadium debt obligation in the next two months, sources said, well over a year earlier than originally projected. The team last week hosted a bank meeting at the site of the 49ers’ new Santa Clara, Calif., stadium on the same d... Tags: Finance |
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Nasdaq delists Bull Run
Bull Run Corp., parent company of sports marketer Host Communications Inc., has been dropped from the Nasdaq SmallCap Market. Bull Run Corp. Web site: bullruncorp.com ...
Tags: Bull Run Corp., Finance, Host Communications Inc., Nasdaq
News Corp. to lend McCourt $205M
Prospective Los Angeles Dodgers owner Frank McCourt would borrow the entire $430 million purchase price for the storied franchise through a mix of team and private loans under a proposal MLB owners are expected to review, and perhaps approve, this week, several banking sources said. He would ...
Tags: Finance, Fox, Los Angeles Dodgers, News Corp., Washington Wizards
Texans score a financial first
The second-year Houston Texans may not have made the playoffs again this year, but they did something no other NFL team, or any sports franchise for that matter, has ever accomplished. The Texas franchise, for its debt that is not secured by the value of the team, scored an investment-gra ...
Tags: Finance, Football, Houston Texans, Moody's Investors Service, NFL, Washington Redskins
CART lives; so does uncertainty
The Championship Auto Racing Teams board of directors likely saved CART's 2004 season last week when it agreed to file for Chapter 11 bankruptcy protection and sell specific assets to a group of team owners. Whether the late-hour deal gives new ownership and CART teams enough time to save the ...
Tags: Championship Auto Racing Teams Inc., Finance, Motorsports
Die-casts a killer for Action Performance
Slumping die-cast orders by mass retailers walloped motorsports merchandiser Action Performance Cos. in 2003, yielding an 8.9 percent reduction from the company's overall sales of the previous year, the company reported in annual results released last week. Action Performance reported sal ...
Tags: Action Performance Cos., Finance, Motorsports, NASCAR
Football Network needs $5M to $7M
The American niche sports cable sector may not have its first casualty just yet, but The Football Network appears to be in critical condition. Last week it canceled the Dec. 30 Division I-AA college football all-star game that was to be the centerpiece of its launch, put most of its product ...
Tags: Cox Communications Inc., Finance, Football
Bull Run gets Nasdaq notice
Bull Run Corp., the parent company of sports marketer Host Communications Inc., may face delisting from Nasdaq. The company, as of Aug. 31, wasn't meeting Nasdaq's requirement that it have shareholder equity of $2.5 million, according to a document filed with the Securities and Exchange C ...
MCI Center loaned $110M
The MCI Center, home to the Washington Wizards and Capitals, recently borrowed $110 million from large private investors. So-called private placements, as these financings are called, are now routine for sports arenas, and the MCI deal received a BBB investment grade from Fitch Ratings. ...
Tags: Basketball, Finance, Hockey, Washington Capitals, Washington Wizards
Pats get G-3 grant extension
The NFL quietly gave the New England Patriots an additional decade to pay back the club's stadium grant from the league. The move essentially means the league's 31 other teams and the players will not share at least $100 million that the club otherwise would have paid into the general revenue ...
Tags: Finance, Football, Gillette Co., New England Patriots, NFL
NHL nixes terms of Wild’s loan
The popular Minnesota Wild routinely plays to sellout crowds at Xcel Energy Center. The NHL has quietly informed the Minnesota Wild that it cannot use the value of the franchise as the only collateral for its pending $80 million of loans, t ...
Tags: Buffalo Sabres, Finance, Hockey, Minnesota Wild, NHL, Ottawa Senators
