Legal - Football Wiretap

NFL Issues $1.27 Billion In New Debt

Mar 29, 2023 12:09 PM

The NFL has issued $1.27 billion in new 2023 term notes under the league-wide credit facility.

At the same time, the league is increasing the amount of money available through one if its revolving credit lines to $4.113 billion. 

The notes are backed by the NFL’s national television broadcast revenue, which equals $318 million per team this year, or $10.176 billion overall. 

The new notes probably carry a fixed interest rate and will be due, according to Fitch, starting in 2028 and extending out as far as 2043.

Brendan Coffey/Sportico

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Steve Apostolopoulos Submits $6 Billion Bid For Commanders

Mar 28, 2023 2:04 PM

Steve Apostolopoulos has submitted a fully-funded $6 billion bid for the Washington Commanders. 

A group led by Josh Harris and Mitchell Rales has also submitted a $6 billion bid for the franchise.

There is a growing belief that the Commanders could accept a bid to sell the franchise before the draft. 

Apostolopoulos is a billionaire from Canada. 

Adam Schefter, Brian Windhorst/ESPN

Tags: Washington Football Team, Legal

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Steve Apostolopoulos Emerges As Bidder For Commanders

Mar 22, 2023 1:21 PM

Steve Apostolopoulos has become the latest potential bidder for the Washington Commanders.

There are only three known bidders for the Commanders -- groups led by Josh Harris, Houston Rockets owner Tilman Fertitta and now Apostolopoulos. Jeff Bezos has also been mentioned as a potential bidder.

Apostolopoulos also recently had discussions to buy the NBA's Charlotte Hornets from Michael Jordan but has focused on the opportunity to purchase the Commanders.

Brian Windhorst, Adam Schefter/ESPN

Tags: Washington Football Team, Legal

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Roger Goodell To Sign Multi-Year Extension To Remain NFL Commissioner

Mar 20, 2023 4:01 PM

Roger Goodell will finalize a multi-year contract extension to remain as commissioner of the NFL at next week's owners meetings in Phoenix. 

Goodell became commissioner in 2006 and this is his fourth extension.

The economic framework of Goodell's new deal is not known but is expected to be incentive-laden.

Some believe this will be Goodell's final deal with the NFL as he's now 64. Pete Rozelle stepped down from the job when he was 63, and Paul Tagliabue walked away when he was 65. 

Adam Schefter/ESPN

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Hall Of Fame Coach Bud Grant Dies At Age 95

Mar 11, 2023 3:11 PM

Bud Grant, the Hall of Fame coach who led the Minnesota Vikings to four Super Bowl appearances, has died at the age of 95, the Vikings announced Saturday.

In Grant's 28 seasons as a head coach in Canada and with the Vikings, his teams reached the playoffs 20 times, played in 10 championship games and won four titles. However, none of those titles came in the NFL, as he became the first coach to lose four Super Bowls.

ESPN.com

Tags: Minnesota Vikings, Legal, Misc Rumor

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Willie McGinest Facing Up To Eight Years In Prison

Mar 6, 2023 8:38 AM

Former New England Patriots defender Willie McGinest has been charged with two felonies stemming from an incident that took place at a restaurant in Southern California back in December. 

McGinest is facing one charge of assault with a deadly weapon and one charge of assault by means of force likely to cause great bodily injury. He's facing up to four years in jail for each of the two charges.

The incident took place at Delilah restaurant in West Hollywood on Dec. 9.

According to the report from the Sheriff's office, multiple "witnesses identified [McGinest] as being one of the individuals involved in the incident."

John Breech/CBS Sports

Tags: New England Patriots, Legal, Misc Rumor

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Super Bowl LVII Drew 56M Viewers Outside United States

Mar 3, 2023 11:35 AM

The NFL drew an audience of 56 million viewers for Super Bowl LVII outside the United States, which represents a seven percent increase over last year.

The international viewership was calculated with data from Australia, Brazil, Canada, France, Germany, Mexico, and the United Kingdom, along with available data from over 130 additional countries.

For viewers in Europe, the game started at either 11:30 PM or 12:30 AM local time.

Mike Florio/ProFootballTalk

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