Sports Tech Deals Topped $90 Billion in 2022 and ’23 Primed for More
Capital markets deals in sports technology topped $90 billion last year, powered by a six-fold increase in…
Finance
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SailGP Expansion Team Seeks $35 Million With Tokenized Fan Offering
An expansion franchise in SailGP, the three-season old Larry Ellison-led boat racing league, is seeking to…
Sportradar Revenue Rises 30% in 2022, With Upbeat Outlook for This Year
Sportradar Group revenue rose 30% in 2022 to €730.2 million ($781.3 million), benefitting from gains in U.S…
Inflation Isn’t Making MLB Contracts Larger. It’s Making Them Riskier
This winter’s cavalcade of mega baseball contracts has triggered discussion of a well-worn economic theory…
Diamond Sports Files for Bankruptcy; Diamondbacks Owed $30 Million
Diamond Sports Holdings, owner of 19 regional sports networks, filed for Chapter 11 bankruptcy protection…
Genius Sports Revenue Rises 30%, But Shares Drop on 2023 Guidance
Genius Sports (NYSE: GENI) revenue rose 30% in 2022, hitting $341 million on the year as U.S. sports betting…
Team Sports Gear-Makers Ripe for Mergers and Acquisitions
Investors have long been dismissive of team sporting goods makers, beholden to the narrative that youth…
NBA, Velocity Capital Invest in Social Analytics Firm Videocites
Social media analytics firm Videocites has closed a $10 million venture capital Series B round, which was led…
Wall Street Wary of Man United, WWE Deals as Sports Stocks Slump
The hotly anticipated deals that powered sports stocks to start the year have cooled down, nudging the…
Learfield Losses Top $2 Billion Since 2019 After Tough 2022
Learfield’s pre-tax losses topped $2.1 billion in the four years between 2019 and 2022, after the college…
Live Nation Earnings Jump Despite Taylor Swift Ticketing Storm
Live Nation’s pandemic recovery continued in 2022 as it returned to profitability for the first time since…
Manchester United a Billion-Dollar Win for Glazers Even Before Impending Sale
After nearly two decades, the Glazer family’s ownership of Manchester United is likely coming to an end, even…
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