Cards as Collateral: PWCC Lands $175 Million for Cash Advance Program
Trading card auction house PWCC Marketplace has secured $175 million in funding from WhiteHawk Capital to expand its business offering loans to customers. PWCC—one…
Financing
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…
Michigan State Issues $91.4 Million in New Bonds to Refinance Nassar Settlement Debt
Michigan State University is refinancing the roughly $90 million of debt left on the original bonds it issued to settle the lawsuits associated with former…
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 financial…
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…
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