Teams Hobbled by League Debt Rules Amid Low Interest Rates
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…
Debt
Banks Waiving, Amending Covenants so Team Owners Can Remain in Compliance with Loans
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…
NBA Extending $1.2 Billion Borrowing Program After 2020 Losses
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…
Exclusive
MLB Debt Totals $8.3 Billion as Manfred Mulls Options for Next Season
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…
Debt Liabilities, Participation Decline, Politics Could Help Explain Trump’s Golf Course Losses
The New York Times reported last week that according to tax filings, Donald Trump’s 19 golf courses have lost a combined $315.6 million since 2000. The investigation…
NFL Takes on $3 Billion More in Debt for Stadium Financing, Cash for Clubs
The National Football League has taken out more than $3 billion in new debt in the past few weeks, the bulk of which will be used to help clubs weather the…
Cancelling Football Would Leave Athletic Departments With Shortfall That Should Reach University Level
Should the Big Ten ultimately decide to cancel the fall sports schedule, the members’ athletic departments would be left with a significant deficit to cover. Penn State…
Can the Cal Golden Bears Survive A Season Without Football?
The financial situation for the Cal Golden Bears is about to go from bad to worse. One of the country’s largest and most successful athletic programs, Cal is also…
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