AFM RSS Feed Follow Us on Twitter       
AMERICAN FOOTBALL MONTHLY THE #1 RESOURCE FOR FOOTBALL COACHES
ABOUT |  CONTACT |  ADVERTISE |  HELP  



   User Name    Password 
      Password Help





Article Categories


September 1999

September 1999


News & Notes

© September 1999

Ravens loaned $65 million from NFL lender

The NFL has arranged a $65 million, short-term loan for the Baltimore Ravens, backed by the eventual sale of part of the franchise to a new investor, according to The Baltimore Sun.

Team owners voted overwhelmingly to approve the bailout for Ravens controlling partner Art Modell, one of the league's longest-standing owners. His financial problems have prompted several NFL actions in recent years, including the 1996 vote to allow his team to move from Cleveland.

The loan will be funded by an NFL lender and be repaid with interest by the Ravens.

Sources told the Sun that lenders require a team to maintain a certain ratio of debt to operating profit. The Ravens, while profitable, failed to meet the ratio.

Of the $65 million, $10 million will cover transaction cost....The full article can only be seen by subscribers.
Subscribe today!

Subscriber Login
   User Name    Password 
Password Help
NOT A SUBSCRIBER?
Subscribe now to start receiving our monthly magazine PLUS get INSTANT unlimited access to over 4000 pages of 100 percent football coaching information, ONLY available at AmericanFootballMonthly.com!

**SUBSCRIBERS ONLY**
NEED PASSWORD HELP
Subscribe online or call 800-537-4271 and get your password today!





NEW BOOK!


AFM Videos Streaming Memberships Now Available Digital Download - 304 Pages of Football Forms for the Winning Coach

















NEW! Get the Manual




HOME
MAGAZINE
SUBSCRIBE ONLINE COLUMNISTS COACHING VIDEOS


Copyright 2017, AmericanFootballMonthly.com
All Rights Reserved