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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…
Investment Funds
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…
Billionaires Share Owners Box With Mom-and-Pop As Racehorses Go Piecemeal
When the starting gates are thrown open tomorrow evening at the Preakness Stakes, financiers, media magnates and others in the usual group of horse owners will be…
Could Difficulties Unloading L.P. Stakes in Washington Push NFL to Embrace Funds as Investors?
The Washington Post <span style="font-size: 10.0pt; line-height: 105%; font-family…
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