Asset-backed arenas

Article Abstract:

The Pepsi Center in Denver, CO, is the first sports facility built by asset-backed securities. The sale of naming rights and luxury suites coupled with revenues from the principal sponsors raised $139.85 million. In return, the arena was named after Pepsi with co-sponsors Coors and US West Airlines' logos prominently displayed in the area. The scheme enabled Ascent Entertaiment Group, owner of the Denver Nuggets, to get an A rating for sports financing. However, one drawback in using asset-backed securities is the need for financial adjustments if projected sales fall short.

Sports Teams and Clubs, Sports clubs, managers, & promoters, Professional Sports NEC, Evaluation, Economic aspects, Sports sponsorship, Sports promoters, Sports facilities, Professional sports, Asset-backed securities, Asset backed securities, Ascent Entertainment Group Inc., GOAL

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An investor relations nightmare

Article Abstract:

The Securities and Exchange Commission's (SEC) decision to suspend trading of USA Talks.com was based on its suspicion that the firm did not provide long-distance telephone service using Internet technology. However, William Ervine, president of USA Talks.com, acted immediately to stem a potential investor relations nightmare. His response of providing the SEC with the firm's documents enabled the firm to resume trading after the 10-day waiting period.

Wired Telecommunications Carriers, Telephone Communications, Telephone communications, exc. radio, Laws, regulations and rules, Telecommunications services industry, Telecommunications industry, Discipline, Telephone services, United States. Securities and Exchange Commission, Ervine, William, USA Talks.com Inc.

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Scoring as hockey's CFO

Article Abstract:

A profile of Craig Harnett, chief financial officer of the US National Hockey League (NHL), is presented. His role in managing the financial and technical aspects of the sport and in expanding the number of teams in the NHL is described.

United States, Brief Article, Interview, National Hockey League, Chief financial officers, Sports, Harnett, Craig

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