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…
finance
Sports SPACs Face Expiring Clock as Billionaires Pull IPO Plans
Two years ago, DraftKings went public by special purpose acquisition company and seemingly single-handedly sparked a wave of sports-related SPACs. After DraftKings’ SPAC…
‘Found Money’ for Bills May Mean Price Tag Less Than Raiders Dome
Nevada’s $750 million contribution to the Raiders NFL home field will cost it more than New York’s $1 billion gift to the Buffalo Bills, if current proposals go…
Exclusive
Sixers Innovation Lab Launching New $25 Million VC Fund
Early-stage venture capital fund Sixers Innovation Lab is starting a second fund to invest primarily in business-to-business startups working in sports, media and…
Exclusive
NFL Now Largest U.S. Shareholder in Genius Sports as Warrants Vest
The National Football League is now the largest American owner of equity in Genius Sports, controlling about 7.7% of the business after a new batch of warrants vested…
Super Group, Paramount Lead Mixed Month for Sports Stocks
Sports stocks eased slightly lower in March, marking the fifth time in the past six months that Wall Street has sold off the sector even as the broader market has…
Lucra Peer Sports Betting Raises $10 Million From Raptor, Marc Lasry
Peer-to-peer betting app Lucra Sports is raising $10 million in a venture capital funding round led by James Pallotta’s Raptor Capital and including participation from…
NFL’s Bills Take $850 Million in Record Taxpayer Outlay for Stadium
New York state and local government will contribute $850 million to help the NFL’s Buffalo Bills construct a new $1.4 billion stadium in western New York. If the…
Pandemic Recovery Money Finds Way to Benefit Superdome, Endeavor Holdings
The Louisiana Superdome, sponsored by sports betting behemoth Caesars, is holding the biggest event on the U.S. spring sports calendar this week, the NCAA men’s…
Pro Sports ETF Will Be Shut Down by Roundhill Investments
Roundhill Investments is shuttering its Pro Sports, Media and Apparel ETF (NYSE: MVP) just over a year after its launch, because the stock fund failed to gain traction…
Exclusive
Apollo Global Has Explored Launching Sports Private Equity Fund
Apollo Global Management has explored launching a stand-alone sports private equity fund, according to multiple people familiar with the matter, though a fund start-up…
MLB Owners Have Cash for a Season-Long Lockout, Fitch Ratings Says
Major League Baseball owners have enough money to weather a 2022 without baseball, should their lockout of players stretch that far, according to a note from Fitch…
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