SailGP British Team Valued at $40 Million as Larry Ellison Cashes Out
The Great Britain SailGP team is valued at $40 million in a new investment round that saw billionaire Larry Ellison cash out. In the deal, English sailing legend…
ownership
Corporate Team Ownership Model Facing Eventual Extinction
Anheuser-Busch recently purchased a Major League Pickleball (MLP) team that will begin play in 2023. Control over the expansion club comes as part of broader founding…
From Bezos to Ryan Reynolds, $16 Billion in Teams Are Stoking Buyers
Scarcity brings desirability. Consider: there are some 2,700 billionaires in the world. That’s an elite group, but every one of them could own an apartment overlooking…
Exclusive
Arctos Buys Stake in NBA’s Jazz, Priming Utah for More Sports
Private equity fund Arctos Sports Partners is purchasing a minority stake in the Utah Jazz. Believed to be the largest sports-focused private equity fund in the…
Best Of 2022
‘Clueless Crypto Crew’ Ownership Is Winning Over British Soccer Fans
As Crawley Town FC searched for a new manager this spring, ownership offered multiple warnings to leading candidate Kevin Betsy. People might hate us, co-owner Eben…
Condoleezza Rice Joins Broncos’ Ownership Group as Minority Owner
Condoleezza Rice won’t be carrying out foreign policy or leading diplomatic missions in her next role, but she will be a trusted advisor for one of Colorado’s most…
Best Of 2022
Alex Ovechkin’s Touted NWSL D.C. Buy In, Payout Never Came to Be
On May 10, 2021, Steve Baldwin, then the owner of the Washington Spirit, appeared at a press conference to discuss the NWSL club’s newest investor: Washington Capitals…
Exclusive
D.C. United Owners Buy Into Aussie Basketball Ahead of Brisbane 2032 Games
Sports investor Jake Silverstein had always dreamed of owning an NBA team. Silverstein and his family lightly pursued multiple teams, and were especially aggressive from…
DAOs Not Ready for Prime Time in Big 4 Sports Team Ownership
In early March, a group of crypto investors will launch a DAO and attempt to raise $4 billion to buy the Denver Broncos. On the surface, the DAO concept gives passionate…
Best Of 2022
Ex-NBA Guard Josh Childress Partners With TPG on $500M Real Estate Fund
Josh Childress isn’t afraid to go against the grain. The former NBA guard-forward is probably best known for leaving the league after four successful seasons in Atlanta…
Boehly, Kang Standoff Over D.C. Team Sale Heads to League Office
The sale of the NWSL’s Washington Spirit took another abrupt turn this week, lengthening a saga that began with a league-altering abuse scandal before turning to…
Web 3.0 and the Future of Professional Sports
Today’s guest columnist is Jon Patricof, co-founder and CEO of Athletes Unlimited. A few weeks ago, a friend reached out to share his observation that much of what we…
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