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NHL prepares loan pool that will top $1B

04 / 14 / 14

Boosted by its lucrative new Canadian media deal and other revenue growth, the NHL is preparing a groundbreaking credit facility of at least $1 billion that for the first time would allow clubs to borrow from a centralized loan pool, finance sources said. The NHL’s longtime banker, Citigrou...

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MLB considers Dodgers' debt plan

The Los Angeles Dodgers are seeking to dramatically increase the amount of debt secured by the team after a successful first year of ownership under developer Frank McCourt, several financial sources said. L.A.’s Frank McCourt (left), with broadcaste ...

Tags: Baseball, Finance, Fox, Los Angeles Dodgers, MLB, News Corp

Dolphins’ sales surprisingly jumping

No Ricky Williams, no Dan Marino, no problem — at least not commercially for the Miami Dolphins. Despite some of the worst offseason woes to befall an NFL franchise, the Dolphins commercially are humming along. While a lousy 2004 onfield campaign could begin to hurt ticket, premium-seati ...

Tags: Finance, Football, Miami Dolphins, NFL

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 ...

Tags: Finance, IMG

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 ...

Tags: Finance, Nasdaq, Tennis

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