Game Plan Special Services and film financier Grosvenor Park Media have formed an alliance to provide specialized financing solutions to the professional sports industry.
“As the value of global sports media rights continues to grow unabated, alternative financing opportunities have become more analogous to investments within Grosvenor Park’s historical specialization of providing structured finance solutions for film and television,” said Don Starr, chairman of Grosvenor Park. “The extension of our platform into sports has been a long-time objective for our company, and in Game Plan we have found the ideal partner.”
Grosvenor Park, based in Santa Monica, Calif., touts itself as having arranged more than $1 billion in financing for film and TV productions with aggregate production budgets close to $5 billion.
Under the alliance, Game Plan will look to provide for major and minor league sports in the U.S. in areas such as mergers and acquisitions, facility construction, team and league credit facilities, and special situations opportunities. The partners also intend to look internationally for opportunities in areas such as financing media rights for global soccer.
Former pro football player Randy Vataha is the president of Game Plan, which has teamed with Grosvenor to form an advisory board that includes “Ray” producer Howard Baldwin and prominent entertainment industry attorney Jacob Bloom of Bloom Hergott Diemer Rosenthal LaViolette Feldman Schenkman and Goodman. Baldwin has also had ownership positions in the Hartford Whalers and Pittsburgh Penguins pro hockey teams.
Game Plan has been involved in recent transactions including the acquisition of the Golden State Warriors, the Sacramento Kings and the sale of a portfolio of minor league baseball teams controlled by Peter Guber’s Mandalay Sports.