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{{Short description|American sports finance advisory firm}}
{{Userspace draft|source=ArticleWizard|date=June 2010}}
{{Infobox company
{{Infobox_Company
| company_name = Parklane
| name = Park Lane
| company_logo = [[File: ]]
| logo = [[File:LargePurpleLogo.jpg|250px|Park Lane Logo]]
| company_type = [[Private Company|Private]]
| type = [[Private Company|Private]]
| foundation = 2005
| foundation = 2005
| founder = [[Andrew Kline]]
| founder = [[Andrew Kline]]
| location = [[Los Angeles, California]], [[United States]]
| location = [[Los Angeles, California]], [[United States]]
| industry = [[Financial Services]]
| industry = [[Financial services]]
| products = [[Investment Banking]]
| products = [[Investment banking]]
| num_employees = 14
| homepage = http://www.prkln.com
| homepage = {{URL|http://www.prkln.com}}
}}
}}


⚫
'''Park Lane''' is an [[investment banking]] firm headquartered in [[Los Angeles, California]] which provides sports finance advisory services to a wide variety of clients in the sports industry.


⚫
==History==
⚫
Park Lane was formed in 2005 by former [[NFL]] lineman [[Andrew Kline]]. Mr. Kline was drafted by the [[St. Louis Rams]] in 2000<ref>{{cite web|url=http://www.nfl.com/draft/history/fulldraft?season=2000 |title=National Football League: NFL Draft History |work=Nfl.com |date= |accessdate=2012-05-09}}</ref> but retired from the NFL in 2003 due to concussion-related injuries. After rehabilitating his injuries, Kline made several successful real estate investments and shortly thereafter was part of a group that attempted to purchase an NHL franchise. After that transaction, Kline realized that there was an unfilled niche in the financial industry for specialized sports-related financial services. He formed Park Lane to provide these services along with relevant sports experience. Since its inception, Park Lane has expanded its range of services far beyond acquisitions and sales of franchises and now also advises all types of sports-related businesses with a broad range of financial services.


==Present==
⚫
'''Park Lane''' is an [[investment banking]] firm headquartered in [[Los Angeles, California]] which provides sports finance advisory services to a wide variety of clients in the sports industry.
[[Image:CenturyPlazaTowers.jpg|thumb|left|alt=A Century Plaza Towers.|Park Lane is located in the [[Century Plaza Towers]] in Los Angeles, CA]]


⚫
Today, Park Lane primarily provides [[M&A]] advisory, [[corporate finance]], [[financial advisory]], and [[restructuring]] to sports teams and sports-related businesses. Park Lane has worked with teams and investors in the [[NBA]], [[NFL]], [[NHL]], and [[Major League Soccer|MLS]]; past clients include the [[San Diego Padres]], the [[Memphis Grizzlies]], the [[Tampa Bay Lightning]], and the [[Anaheim Ducks]] among many others. Park Lane also serves sports-related businesses which have included Golfsmith, the Los Angeles Marathon, and the Digital Action Sports Network.


==List of major transactions==
⚫
== History ==
In 2008, Park Lane provided buy-side [[M&A]] advisory for the acquisition of the [[Tampa Bay Lightning]].
⚫
Park Lane was formed in 2005 by former [[NFL]] lineman [[Andrew Kline]]. Mr. Kline was drafted by the [[St. Louis Rams]] in 2000 but retired from the NFL in 2003 due to concussion-related injuries. After an attempt to purchase a professional hockey franchise with other investors fell apart, Kline decided that there was an unfilled niche in the financial industry for specialized sports-related financial services. He formed Park Lane to provide these services along with relevant sports experience and the firm has expanded its range of services extensively since its inception.


In 2009, Park Lane provided buy-side [[M&A]] for Golfsmith's acquisition of [[MacGregor Golf]].<ref>[http://www.golfdigest.com/golf-equipment/blogs/bomb-and-gouge/2009/05/golfsmith-and-macgregor-will-f.html "Golfsmith and MacGregor Will Focus on Contemporary Classic." ''Golf Digest''] {{webarchive|url=https://web.archive.org/web/20120307161548/http://www.golfdigest.com/golf-equipment/blogs/bomb-and-gouge/2009/05/golfsmith-and-macgregor-will-f.html |date=2012-03-07 }}, Retrieved July 7, 2010.</ref>
⚫
Today, Park Lane primarily provides [[merger and acquisition]] advisory, [[corporate finance]], [[financial advisory]], and [[restructuring]] to sports teams and sports-related businesses. Park Lane has worked with teams and investors in the [[NBA]], [[NFL]], [[NHL]], and [[MLS]]; past clients include the [[San Diego Padres]], the [[Memphis Grizzlies]], the [[Tampa Bay Lightning]], the [[Anaheim Ducks]] among many others. Park Lane also serves sports-related businesses which have included Golfsmith, the Los Angeles Marathon, and the Digital Action Sports Network.


In 2010, Park Lane advised Michael Reinsdorf on the sale of the [[Stockton Thunder]] in the largest ever [[ECHL]] team acquisition, Retrieved July 7, 2010.<ref>[http://www.oursportscentral.com/services/releases/?id=3990334 "ECHL Board of Gov's Approves Sale to Brad Rowbotham."] ''Our Sports Central''</ref>
⚫
== References ==

In 2010, Park Lane advised [[ElliptiGO]], an early stage outdoor fitness company, on a capital raise to fund growth and product introduction.<ref>{{cite web|url=http://www.elliptigo.com |title=ElliptiGO outdoor elliptical bicycle |publisher=Elliptigo.com |date= |accessdate=2012-05-09}}</ref>

⚫
==References==
<!--- See http://en.wikipedia.org/wiki/Wikipedia:Footnotes on how to create references using <ref></ref> tags which will then appear here automatically -->
<!--- See http://en.wikipedia.org/wiki/Wikipedia:Footnotes on how to create references using <ref></ref> tags which will then appear here automatically -->
{{Reflist}}
{{Reflist}}


== External links ==
==External links==
* [http://www.prkln.com/ Park Lane Website]
* [http://www.prkln.com/ Park Lane website]
* [http://www.bnet.com/2422-13721_23-175695.html/ Andrew Kline's BNET Business Network Interview]
* [http://www.bnet.com/2422-13721_23-175695.html/ Andrew Kline's BNET Business Network interview]
* [http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=32605782/ Bloomberg Business Week's Snapshot of Park Lane]
* [http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=32605782/ Bloomberg Business Week's snapshot of Park Lane]{{dead link|date=April 2023|bot=medic}}{{cbignore|bot=medic}}
* [http://journelism.org/articles/entrepreneurship/successparklaneandrewkline/ Journelism's Interview of Andrew Kline]
* [https://web.archive.org/web/20110726211812/http://journelism.org/articles/entrepreneurship/successparklaneandrewkline Journelism's interview of Andrew Kline]
* [http://labusinessjournal.com/news/2010/may/03/tackled-head-/?print/ Park Lane Article in LA Business Journal]
* [http://labusinessjournal.com/news/2010/may/03/tackled-head-/?print/ Park Lane article in LA Business Journal]



{{DEFAULTSORT:Park Lane (Investment Bank)}}
<!--- Categories --->
[[Category:Articles created via the Article Wizard]]
[[Category:Investment banks in the United States]]
[[Category:American companies established in 2005]]
[[Category:Financial services companies established in 2005]]
[[Category:Banks established in 2005]]

Latest revision as of 09:39, 14 August 2023

Park Lane
Company typePrivate
IndustryFinancial services
Founded2005
FounderAndrew Kline
HeadquartersLos Angeles, California, United States
ProductsInvestment banking
Number of employees
14
Websitewww.prkln.com

Park Lane is an investment banking firm headquartered in Los Angeles, California which provides sports finance advisory services to a wide variety of clients in the sports industry.

History

[edit]

Park Lane was formed in 2005 by former NFL lineman Andrew Kline. Mr. Kline was drafted by the St. Louis Rams in 2000[1] but retired from the NFL in 2003 due to concussion-related injuries. After rehabilitating his injuries, Kline made several successful real estate investments and shortly thereafter was part of a group that attempted to purchase an NHL franchise. After that transaction, Kline realized that there was an unfilled niche in the financial industry for specialized sports-related financial services. He formed Park Lane to provide these services along with relevant sports experience. Since its inception, Park Lane has expanded its range of services far beyond acquisitions and sales of franchises and now also advises all types of sports-related businesses with a broad range of financial services.

Present

[edit]
A Century Plaza Towers.
Park Lane is located in the Century Plaza Towers in Los Angeles, CA

Today, Park Lane primarily provides M&A advisory, corporate finance, financial advisory, and restructuring to sports teams and sports-related businesses. Park Lane has worked with teams and investors in the NBA, NFL, NHL, and MLS; past clients include the San Diego Padres, the Memphis Grizzlies, the Tampa Bay Lightning, and the Anaheim Ducks among many others. Park Lane also serves sports-related businesses which have included Golfsmith, the Los Angeles Marathon, and the Digital Action Sports Network.

List of major transactions

[edit]

In 2008, Park Lane provided buy-side M&A advisory for the acquisition of the Tampa Bay Lightning.

In 2009, Park Lane provided buy-side M&A for Golfsmith's acquisition of MacGregor Golf.[2]

In 2010, Park Lane advised Michael Reinsdorf on the sale of the Stockton Thunder in the largest ever ECHL team acquisition, Retrieved July 7, 2010.[3]

In 2010, Park Lane advised ElliptiGO, an early stage outdoor fitness company, on a capital raise to fund growth and product introduction.[4]

References

[edit]
  1. ^ "National Football League: NFL Draft History". Nfl.com. Retrieved 2012-05-09.
  2. ^ "Golfsmith and MacGregor Will Focus on Contemporary Classic." Golf Digest Archived 2012-03-07 at the Wayback Machine, Retrieved July 7, 2010.
  3. ^ "ECHL Board of Gov's Approves Sale to Brad Rowbotham." Our Sports Central
  4. ^ "ElliptiGO outdoor elliptical bicycle". Elliptigo.com. Retrieved 2012-05-09.
[edit]
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