Park Lane (investment bank)
| [[File: ]] | |
| Company type | Private |
|---|---|
| Industry | Financial Services |
| Founded | 2005 |
| Founder | Andrew Kline |
| Headquarters | Los Angeles, California, United States |
| Products | Investment Banking |
| Website | [[1]] |
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 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.
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.