BANKBOSTON PLOTS GAME PLAN TO INCREASE ITS SPORTS BUSINESS
BankBoston, in an effort to participate more actively
in the business of sports finance, yesterday announced a
partnership in which it will invest and hold a minority
interest in Boston-based sports consulting firm Game Plan
LLC. Terms of the deal were not disclosed. Founded in '95
by attorney Robert Caporale and former Patriot Randy Vataha,
Game Plan's clients include the All American Football
League, for which it serves as a consultant. The company
also recently assisted in the sale of 50% of the Penguins
(Game Plan/BankBoston). In Boston, Tina Cassidy reports
that BankBoston finances the Patriots, Stars and Eagles.
However, Vice Chair Paul Hogan said that its lending
portfolio is "relatively small," in the $100M range, and the
bank "hopes to boost" that portfolio with the Game Plan
venture. Caporale will leave his law partnership at Brown
Rudnick Freed & Gesmer and will move Game Plan offices out
of the firm and into space at BankBoston's headquarters.
Game Plan will retain its name (BOSTON GLOBE, 12/18).