Beacon Sports represented Diamond Action, Inc. in the sale of the Lowell Spinners of the New York-Penn League to Main Street Baseball.
Beacon Sports Capital Partners, LLC represented American Baseball Ventures, LLC and Craig Stein in the sale of its controlling ownership interest in the Lakewood BlueClaws of the South Atlantic League.
Beacon Sports represented the City of Glendale, AZ in a Request for Proposal Process to arrange a Venue Management Agreement with Anschutz Facilities Management, an affiliate of Anschutz Entertainment Group (AEG) for the management and operations of the Gila River Arena.
Represented ownership in the development and implementation of a recapitalization plan for the Team and ballpark. Engagement included the renegotiating and refinancing of stadium debt, renegotiating and extension its ballpark lease with the City of Winston-Salem, arranging new bank financing and assisting in the arrangement of new preferred equity with the Chicago White Sox as the lead investor in the new investor group.
Commonwealth of Puerto Rico
Represented the Commonwealth of Puerto Rico in preparing a feasibility study to bring back professional baseball to San Juan.
Pittsburgh Penguins NHL team; represented the owner in bankruptcy negotiations and in the development and negotiation of a restructuring plan.
ECHL Hockey Teams
$3.0 Million Private Equity Bridge Loan for the acquisition of two ECHL Hockey Teams.
Tampa Bay Lightning
Arranged a $5.0 million privately placed Bridge Loan and brokered the sale of the Franchise.
Montreal Canadians/Molson Center (Montreal, Quebec, Canada)
Financial advisor to owner in arranging C$195,000,000 in senior debt from a major Canadian government pension fund to finance the acquisition of the Montreal Canadians franchise of the National Hockey League, the Molson Centre including real estate holdings and arena business operations.
Initiated and assisted a private equity source in the acquisition of the Washington Capital franchise of the National Hockey League and of a minority interest in the Verizon Center arena (formally the MCI Center) and the Washington Wizards franchise of the National Basketball Association.
Los Angeles Forum Associates
Under an exclusive arrangement with the Los Angeles Forum, Beacon served as Financial advisor in the restructuring of arena’s financing, raised new third party capital, and developed and managed arranged a request-for-proposal process for arena management and marketing, concessions, and booking agreements of the facility.
Minor League Baseball (MiLB)
Represented franchises in providing market valuations for various team owners for the purpose of estate planning, senior debt financing, buyouts of minority investors, and the raising of new third party equity.
New Hampshire Fisher Cats
Represented the purchaser of the New Haven Ravens of the AA Eastern League of Minor League Baseball, assisted in the relocation in 2004 to a new minor league baseball stadium built in Manchester, NH, as part of $110,000,000 riverfront retail and hotel development project.
Represented the purchaser of the Harrisburg Senators of the AA Eastern League of Minor League Baseball. In conjunction with the acquisition, Beacon Sports arranged bridge and revolving credit facilities, equity from local private investors. Beacon also assisted in negotiations with the City on a $45.0 million renovation of the ballpark along with the terms of a new long term stadium lease.
Brought in to review and analyze concessions operations and required additional capitalization.
Oversaw the development of a new ballpark lease and renovation plan.
City of Aberdeen, Maryland
Represented the city in negotiations and review of the ballpark lease for Ripken Stadium.
City of Glendale, AZ
Represented the city in Glendale, AZ, in negotiations with its primary tenant, the professional hockey franchise Phoenix Coyotes, over arena management issue, lease terms, and required revenue from the venues business operations necessary to alleviate the City’s present debt obligations.
Represented an investment group in the sale of the Springfield Falcons, a minor league hockey team in the American Hockey League which at the time of sale was a record $4,500,000 sale price to a group of Springfield, MA, based investors including Mass Mutual Companies.
Secured $40,000,000 in capital for Mandalay Baseball Properties in 2002, in the form of $20,000,000 in private equity and $20,000,000 in bank financing. Represented ownership in the marketing and sale of the Staten Island Yankees and Hagerstown Suns.