During the 1980s leveraged buyouts were all the rage. Deals were done with little cash and lots of "other people's money." High leverage meant higher valuations. LBOs peaked with RJR Nabisco. After some deals crashed badly sanity was restored. The proposed sales of the Miami Marlins and Houston Rockets harken me back to that era. League debt limits for both baseball and basketball are technically being adhered to, but the incoming owners would be taking on a lot of debt to close the deals.
How is Tilman Fertita paying $2.2 billion for the Houston Rockets when he and his businesses have less than $300 million of cash? According to Law360: "Casino and hotel operator Golden Nugget Inc. announced Wednesday that it had priced a $1.415 billion notes offering and that it will combine its casino operations with those of restaurant chain operator Landry’s Inc., joining the two companies, which are both owned by a Texas billionaire." The bonds are not cheap.
The Oakland Raiders are moving to Las Vegas where they hope to have a new $1.9 billion stadium for the 2020 season. Although the development agreement between the Raiders and the Authority cannot be completed until February, 2018 because of a complication in finalizing the contract between the team and its construction companies, the 30-month construction schedule should remain on track.
Muck Rack makes it simple to find people, tweets, or articles that mention any name, keyword, company, hashtag etc. We've compiled this guide to help you make the most of your search.
Selecting a term
Start searching tweets, articles from media outlets, articles mentioned in tweets, journalists'
names, titles and bios with some suggested searches:
Companies or Topics (e.g. iPhone, Microsoft)
Phrases (e.g. "cloud computing") — use quotes to keep the terms together
Twitter handles (e.g. @username) — returns those who have mentioned or replied to
Names (e.g. "David Pogue")
Hashtags (e.g. #sxsw, #london2012)
Bio details (e.g. vegan, Olympics, father)
Muck Rack's Advanced Search allows for many boolean operators.
Find results that mention multiple specified terms, use AND or
+. For example, ensure each result contains both Elon Musk and Mark Zuckerberg by
searching Obama AND Romney or Obama + Romney.
Use the operators OR or , to broaden your search when you'd like either of
multiple terms to appear in results. (This is the default behavior of our search when no operators
are used.) For example, search for democrat OR republican to find results that refer to
Democrats and/or Republicans.
Use NOT or - to subtract results from your search. For
example, searching Disney will yield results about the Walt Disney Company as well as Walt Disney
World Resort. To exclude mentions of Disney World, search for Disney -World or Disney
When using one of these operators with a phrase, enclose it in quotation marks. For example, you can
find results about smartphones excluding Apple's iPhone 4S by searching smartphone -"iPhone
Exact case matching or punctuation
If you're searching for a brand name or keyword that relies on specific punctuation marks or capitalization, you can
find results that match your exact query by adding matchcase: before the keyword you're searching for, like matchcase:E*TRADE .
Use parentheses to separate multiple
boolean phrases. For example, to find journalists talking about having fun in Disney World or
Disneyland, search for ("disney world" OR disneyland) AND fun.
An asterisk can be used to search for any variation of a root word truncated by the asterisk. For example, searching for admin* will return results for administrator, administration, administer, administered, etc.
A near operator is an AND operator where you can control the distance between the words. You can vary the distance the near operation uses by adding a forward slash and number (between 0-99) such as strawberries NEAR/10 "whipped cream", which means the strawberries must exist within 10 words of "whipped cream".