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In stadium financing game, Goldman Sachs dominates

In stadium financing game, Goldman Sachs dominates

When San Diego Chargers executives needed help raising $1.7 billion for a football stadium in Carson, they turned to the professionals: Goldman Sachs. The giant investment bank has become a major player in the high-stakes stadium financing game, crafting 30 deals with pro teams in the last decade. Goldman has seized an opportunity in an era when cities and states are increasingly leery of subsidizing sports palaces for billionaires. The firm offers the next-best thing: upfront Wall Street money, along with help crafting creative deals that maximize a team's profits and minimize its taxes. Along the way, the bank and the investors it recruits pull in seven-figure returns and can...

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