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…
Mergers
Record Inflation, Rising Interest Rates Slows Non-Team-Related Sports M&A
Last month, the Federal Reserve approved the biggest interest rate increase since 2000 in an attempt to curb 40-year-high inflation, and six more similarly sized bumps…
‘Matrix’ Effects Studio DNEG Going Public With Sports Ventures SPAC
Hollywood visual effects studio DNEG will go public by a merger with Sports Ventures Acquisition, a special purpose acquisition company fronted by Atlanta Falcons…
Exclusive
Collectors Universe Buys Card Sales Data Start-Up Card Ladder
Collectibles grading giant Collectors Universe is buying Card Ladder, a sports card price and data company. The deal, being announced later today, is the second…
Golden Age of Sports M&A to Take Place Over Next 24 Months
The first half of 2021 was particularly active for sports-related mergers and acquisitions. There were at least 10 deals announced within the sports betting and data…
Catapult Sports Buys Racing Data Pioneer SBG For $40 Million
Athlete performance technology provider Catapult Sports has purchased London-based SBG Sports Software for $40 million, bringing the live data and video developer in…
Billionaire Burkle’s SPAC Buys European Sporting Goods Retailers
Grocery store billionaire and Pittsburgh Penguins co-owner Ronald Burkle is getting into the sporting goods business. Burkle’s Yucaipa Acquisition, a SPAC that holds…
Topgolf Acquisition Makes Sense, But Callaway Overpaid For a Company Over a Barrel
The Wall Street Journal recently reported that Callaway Golf Co. (ELY) intends to purchase the 86% of Topgolf Entertainment Group it does not already own at a valuation…
Sports M&A Boom Expected to Continue for Next 3 to 12 Months
The coronavirus outbreak resulted in North American M&A deal value declining -75% YoY during the first half of 2020. Activity picked up again in the third quarter…
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