With growth in the sports business, banks are getting more and more into the financing game.

Witness the announcement last week by Fleet Financial Group in Boston that it would supply a $405 million credit line to Major League Baseball. Any of the 30 major league teams may draw on the facility to refinance debt, cover operating shortfalls, and, in a growing number of cases, help finance that most visible manifestation of the new economics of sport: stadium construction.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.