Diamond Sports Bankruptcy Seen as an Isolated Situation
With troubled RSN owner Diamond Sports Group likely to file for bankruptcy protection this week, the immediate fallout on other broadcasters is expected to be contained…
finance
Yankee Tickets Sales Jump to $345 Million in 2022, Up Sharply on Year
The New York Yankees sold $345 million of tickets in 2022, more than $100 million greater than during their prior season, based on a bond market disclosure made…
Isos7 Fund Turns to Jordan Rules and Limited Stakes Ahead of Launch
Basketball idol Michael Jordan played hardball with Carmelo Anthony at the negotiating table in 2011. It inspired the younger NBA star on a business journey that has led…
Vince McMahon Jumps Back in WWE Ring to Pursue Sale
In a move that seems straight out of WrestleMania, ousted World Wrestling Entertainment founder Vince McMahon has jumped back into ring, intending to return to the…
SailGP British Team Valued at $40 Million as Larry Ellison Cashes Out
The Great Britain SailGP team is valued at $40 million in a new investment round that saw billionaire Larry Ellison cash out. In the deal, English sailing legend…
Harris Blitzer Vet Abrams, Sportradar’s Rees Launch Sports Fund
David Abrams and Arne Rees have launched Velocity Capital Management, an investment fund focusing on the intersection of sports, media and entertainment. The fund…
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…
OneTeam Valued at $1.9 Billion as RedBird Sells Stake to Private Equity
Private equity firm RedBird Capital Partners is selling its 40% stake in player intellectual property licensing business OneTeam in a deal valuing the three-year old…
Ares Sports Fund Raises $2.2 Billion, Exceeding Target by Nearly 50%
The Ares Sports, Media & Entertainment fund announced it has raised $2.2 billion to invest in sports leagues, teams and sports-related franchises, according to a press…
Sportradar Surges on American Sports Betting, CFO Resigns for U.S. Job
Data and analytics company Sportradar reported second-quarter sales rose 23% this morning as the company raised its expectations for full-year sales. Wall Street…
Alt Raising Another $17 Million for Sports Card Investment Fund
Sports collectibles platform Alt seeks an infusion of $16.9 million in new funds to expand its sports card investment fund, according to a filing with the Securities…
XFL Seeking New Equity Investors, Retains PJT Partners for Search
The upstart XFL is seeking new equity investors to join the football league coinciding with the launch of play in February. Investment bank PJT Partners has been…
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