Prime
Arb Traders Weigh on Sports SPACs as Fund Indicator Fails
RedBall SPAC, famously led by Gerry Cardinale and Billy Beane, has the most institutional shareholders of sports-focused special purpose acquisition companies on the…
finance
Neil Leibman, Bill Yates Buy Stakes in NWHL Teams In Sports Fund Debut
Texas Rangers president and co-owner Neil Leibman and Sports Advisory Group senior partner Bill Yates have formed Top Tier Sports, an investment group that just inked…
Man City Owners Raise $650 Million in Boost to NYCFC Stadium Hopes
Abu Dhabi-based City Football Group, which owns sports clubs on four continents, including this year’s Premier League champion Manchester City and MLS’ New York City…
Prime
Teams Become Landlords Amid Sports-Centered Real Estate Boom
America’s sports teams are turning into landlords. Pro sports team owners are developing millions of square feet of retail, office and residential space, extending their…
Exclusive
Ares Raising $1.5 Billion for New Sports Fund With All-Star Board
Investment manager Ares Management is raising $1.5 billion for a new sports, media and entertainment fund, according to an investor presentation deck reviewed by…
Brazilian Super League Eyed by U.S. Private Equity
A potential Brazilian premier league has already drawn the interest of investors, including a U.S.-based group that is considering backing the project to the tune of…
MLB Adds $1.9 Billion to Available Credit, Raises $102 Million in Debt
Major League Baseball is expanding its available credit by more than $1.9 billion and is raising $102 million in senior secured notes, according to a ratings note from…
Topps Paying Off for Michael Eisner in Collectibles SPAC Merger
Trading card company Topps is finally paying off for Michael Eisner. Eisner, best known as the longtime CEO of Walt Disney Co., is bringing Topps public in a merger with…
Ares’ $1 Billion Stake in Sports Includes F1, La Liga, Padres
Private equity giant Ares Management has put more than $1 billion in investments into sports properties the past six months, including taking stakes in McLaren Racing…
Former Turner Sports Executive Joins VC in Sports Tech SPAC
Matthew C. Hong, a former Turner Sports executive who was responsible for the day-to-day operations of its extensive sports portfolio, has joined the SPAC of two venture…
Catapult Sports Buys Racing Data Pioneer SBG For $40 Million
Athlete performance technology provider Catapult Sports has purchased London-based SBG Sports Software for $40 million, bringing the live data and video developer in…
Topps Raises 2021 Sales Projection Ahead of Stock Market Debut
Trading card maker Topps projects 2021 sales will be as much as $760 million, or around 10% more than projections presented to investors at the start of June, according…
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Clarence McDonald, Keyboard Player and Producer for James Taylor, the Emotions and Others, Dies at 75
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Rep. Cori Bush Denounces ‘Democrats on Vacation’ with Americans on the Verge of Losing Homes
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Perfect Your Pottery With the Best Tool Sets for Ceramics
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