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Friday, November 14, 2008

Dallas Cowboys look for loan

from Street and Smith's Sports Business (11/10):

Industry watches as Cowboys look for loan
By DANIEL KAPLAN
Staff writer
Published November 10, 2008 : Page 03

"The Dallas Cowboys are seeking to borrow $350 million by Dec. 1, according to numerous finance sources, in one of the worst credit environments in the nation’s history.

The club’s proposed deal would refinance $126 million the team borrowed last year through the now-imploded auction-rate securities market, as well as add new debt to cover cost overruns at the team’s $1.2 billion stadium that is set to open next year, the sources said." ...

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