MLB’s SeatGeek Resale Deal Includes $400M Minimum Guarantee
Major League Baseball has signed a resale ticketing partnership with SeatGeek, a five-year agreement that will pay MLB a minimum of $400 million, according to people…
Arctos Sports Partners
Sapphire Sport Closes $181M Fund Backed by MSG, Blitzer, Arctos
Sapphire Sport has closed a $181 million second fund from a group of prominent franchise owners, private equity firms, media entities and publicly traded…
Exclusive
NBA Valuations: Warriors Top $7.6 Billion as Teams Average $3 Billion
There are an unprecedented number of trophy sports assets on the market right now. Buyers have their choice of the Premier League’s two most valuable clubs, a storied…
Warriors Eye Disney Model as NBA Valuation Records Fall
Over the last decade, the Golden State Warriors have elevated their franchise into rarified territory. It transitioned from a money-losing club in the NBA’s oldest…
NWSL Gains Private Equity Cash Amid Questions Over Lack of Rules
The NWSL is in the process of selling two expansion clubs to begin play in 2024. One is widely expected to be based in Utah, where MLS club Real Salt Lake’s new…
SeatGeek Adds Utah Jazz to Growing Stable of Primary Partners
The Utah Jazz have signed a multiyear partnership with SeatGeek, the fourth NBA team to move onto the company’s primary ticketing platform. Starting next October…
Wall Street Will Demand More Results as Sports Relies on Its Money
Today’s guest columnist is Sportico sports finance reporter Brendan Coffey. It’s not news to people in the industry that institutional asset managers are flocking…
Shane Battier, Jessica Gelman Among New Arctos Sports Advisors
Private equity fund Arctos Sports Partners is adding four new executives to its slate of operating advisors. Arctos, which has more than $5 billion in assets under…
SeatGeek Bucks Late-Stage Funding Trend, Raises $238M at $1B Valuation
SeatGeek recently raised $238 million in Series E financing at a $1 billion pre-money valuation. Accel led the round with a $100 million investment. Wellington…
Real Salt Lake Inks Near $100M Naming Rights Deal, Among Tops in MLS
MLS club Real Salt Lake signed a 15-year stadium naming rights deal with one of its original corporate partners, America First Credit Union. The team’s 14-year-old…
SeatGeek Valued at $1 Billion in $238M Raise After SPAC Pullout
Ticket platform SeatGeek has raised $238 million, just two months after its bid to go public via SPAC acquisition fell apart. The round was led by prior investor…
Sporticast: Will a Third Major Team Follow Arctos’ Dollars to Utah?
On the latest Sporticast episode, hosts Scott Soshnick and Jacob Feldman discuss some of the biggest sports business stories of the week, including Arctos Sports…
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