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…
finance
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…
Sports Stocks Enjoy Best Month of 2022 as Faze Clan, Betting Shares Surge
Sports stocks ended a four-month losing streak in July, rallying more than 10% to post their best month since November 2020. The JohnWallStreet Sports Stock Index saw…
Ndamukong Suh SPAC Inks Merger With Parks Designer Falcon’s Beyond
Despite the bear market for special purpose acquisition companies, there are still deals being made. FAST Acquisition II, a SPAC featuring NFL player Ndamukong Suh as an…
Ryan Reynolds’ Wrexham Not Alone in Soccer Bargain Buys
The recent sale of English Premier League club Chelsea F.C. set the EPL record for most money ever paid for a team, at $5.24 billion for the club and its stadium. But…
It Keeps Getting Worse for Sports Stocks in Summer Meltdown
To flip a common stock market phrase, an ebbing tide lowers all boats. Sports stocks stumbled into summertime, with 39 of the 40 components of the JohnWallStreet…
Sports Lending Market Back to Normal as Higher Rates Spur Team Refinancing
Though leagues and teams loaded up on debt to get through the pandemic, strong cash flow from media deals and the return of full seasons and full stands has sports…
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