British Sky Broadcasting Group plc (BSkyB) packaged television content into channels and distributed it via satellite to subscribers and to other distribution platforms. Sports programming and, in particular, live coverage of Premier League Football was one of BSkyB's main attractions for its customers and lay at the core of BSkyB's positioning. In 1996, BSkyB acquired a four-year license to the e
In this case, John Connaughton, a managing director at Bain Capital, had joined forces in October 2006 with Thomas H. Lee Partners (THL) to acquire Clear Channel Communications in a historic $28 billion leveraged buyout (LBO). The plan had looked solid, and the private equity consortium was ready to close the deal. But this plan turned out to be only the first act.
In late 2007 and early 2008, th
This case examines a proposed $2 billion asset-backed securitization offering that is to be supported by F1's TV broadcasting rights. The case is written from the perspective of Steve Din, executive director of Securitization for Morgan Stanley Dean Witter, who is responsible for placing the securities in September 1998. The proposed Eurobond issuance for F1 follows a delayed IPO in 1997 that fail