NBA Raising $254 Million for Teams, Bringing Debt to $7.4 Billion
The National Basketball Association is raising $254 million this week backed by national media revenues, according to a ratings opinion issued by Fitch Ratings on…
The National Basketball Association is raising $254 million this week backed by national media revenues, according to a ratings opinion issued by Fitch Ratings on…
Major League Baseball owners have enough money to weather a 2022 without baseball, should their lockout of players stretch that far, according to a note from Fitch…
The National Football League is selling $275 million in debt to pay off some existing obligations, provide working capital and fund general corporate purposes. The…
The major sports leagues led by the NFL, NBA and MLB, have made it through the pandemic seemingly in fine financial health, as rising values and fan support forestalled…
Abu Dhabi-based City Football Group, which owns sports clubs on four continents, including this year’s Premier League champion Manchester City and MLS’ New York City…
Major League Baseball is expanding its available credit by more than $1.9 billion and is raising $102 million in senior secured notes, according to a ratings note from…
The National Basketball Association is selling $193.2 million in senior secured notes today, as teams tap national media rights flows for working capital. The NBA’s…
Back on Dec. 31, Alan Pace’s ALK Capital closed on its acquisition of the English Premier League club, Burnley F.C. The deal, which reportedly valued the…
Interest rates are at historically low levels. The current 10-year U.S. Treasury rate is under 1%. Because the NFL, NBA, NHL and MLB maintain low limits on the amount of…
Team owners across the sports ecosystem borrow money to fund the purchase of clubs, cover operational expenses and build new venues. The bank loans or private placements…
The National Basketball Association is seeking to extend its $1.2 billion league-wide borrowing program out two more years than originally structured, to October 2023…
ARLINGTON, Tex. – Major League Baseball’s 30 clubs have amassed an unprecedented $8.3 billion of debt from their various lenders and will post $2.8 billion to $3 billion…