It was a year ago that sports SPAC mania sparked, as Gerry Cardinale and Billy Beane brought their RedBall blank check company to market. Since then, another 143 special…
Insurers dodged a multi-billion-dollar loss on the Tokyo Olympics. But the hundreds of millions of dollars they still expect to lose, along with the fact that COVID-19…
(This story has been corrected in the second paragraph to show that Penn National Gaming’s stake in Barstool was made at a valuation, and not a price, of $450…
Sports stocks suffered their worst month in a year, as sports betting-related issues tallied losses with investors reconsidering the lofty valuations they placed on…
RedBall SPAC, famously led by Gerry Cardinale and Billy Beane, has the most institutional shareholders of sports-focused special purpose acquisition companies on the…
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…
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…
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…
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…
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…
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…
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…