Consider the First Sports SPACs Already Dead
It was two years ago this week that sports-focused RedBall Acquisition Corp. filed its draft prospectus with the Securities & Exchange Commission. The Gerry Cardinale…
finance
NBA Raising $254 Million for Teams, Bringing Debt to $7.4 Billion
The National Basketball Association is raising $254 million this week backed by national media revenues, according to a ratings opinion issued by Fitch Ratings on…
Paramount Uses Tom Cruise to Overcome Super Bowl Absence and Lead May Index
Sports stocks fell for the third-straight month as the JohnWallStreet Sports Stock Index couldn’t withstand the broad bear market. The Sportico index slipped about 3% to…
York Family VC Fund Uses 49ers Insights to Bolster Moonshot Startups
In a region filled with venture capitalists crowing about their latest unicorn, Brano Perkovich is a notable exception. Since 2014 the San Francisco bay area investor…
Genius Sports Earnings Boosted by Second Spectrum, New Gambling States
Data and analytics specialist Genius Sports reported first quarter revenue that beat expectations, as its Second Spectrum subsidiary and sports betting powered the…
RedBird Files to Start New Fund, Likely Targeting $2.6 Billion
RedBird Capital has filed paperwork with the Securities & Exchange Commission to launch its fourth fund. The Gerry Cardinale-led investment business has a robust sports…
DraftKings Sees Strong Results, Raises Projections Despite Stock Jitters
DraftKings founder and CEO Jason Robins says the strength in sports betting is continuing unabated, as increasing revenue and better cost controls have the company…
Exclusive
Arctos Sports Partners Raises $1.1 Billion for Second Investment Fund
Sports-focused private equity firm Arctos Sports Partners has raised $1.1 billion for a second investment fund, bringing the firm’s total assets to more than $5…
Sports Stocks Can’t Hide From Bears as Index Hits 18-Month Low
The JohnWallStreet Sports Stock Index suffered its worst month ever, falling 14% in April as 38 of the index’s 40 components finished lower, most down sharply, as…
Sammy Hagar, Roger Staubach Sports SPAC Pulls IPO Plans
The depressed SPAC market has claimed another victim. Victory Acquisition, a star-studded blank check that wanted to raise $250 million in an IPO, filed paperwork with…
Cardinal Sports, Hot Paper Lantern Form $100M Startup Accelerator
Financial services business Cardinal Sports Capital and marketing firm Hot Paper Lantern Digital Sport are combining efforts into an accelerator program that will, in…
Arctos Sports Partners’ Assets Balloon to More Than $3.9 Billion
Sports private equity fund Arctos Sports Partners disclosed it began the year with $3.94 billion of assets under management, according to a recent filing with Securities…
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