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…
Investment Funds
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…
Collectibles App Rally Raises $15 Million More as Stars Pile In
Collectibles trading app Rally has raised another $15 million in an oversubscribed Series B funding round, as the platform looks to cement itself as the go-to…
New York Giants, Yieldstreet Deal Marks New Era in NFL Investment
A New York-based investment firm is partnering with one of the region’s most revered sports franchises, as fintech company Yieldstreet has inked a multi-year deal with…
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…
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…
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…
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…
Exclusive
The NFL’s Venture Capital Fund Is Quietly Generating Super Investment Returns
The Super Bowl is the pinnacle of NFL promotion—a sprawling event that commands so much attention even the commercials are must-sees. But not everything the league does…
Theo Epstein Joins Sports Investment Fund Arctos Partners
Former Chicago Cubs and Boston Red Sox executive Theo Epstein is now “Executive-in-Residence” at Arctos Sports Partners, a sports investment fund. Epstein will focus on…
Exclusive
NBA Agrees on Framework for Investment Funds to Own Parts of Teams
NBA owners have agreed on a framework allowing investment funds to own parts of franchises, according to two people with knowledge of the decision. The NBA’s Board of…
Najafi-Moorad Fund’s $300 Million McLaren Buy Predicts U.S. Style F1 Franchise Growth
A $300 million investment into McLaren racing by Phoenix Suns co-owner Jahm Najafi and former San Diego Padres co-owner Jeff Moorad is a bet that Formula One can shift…
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