Soccer Investors Eye Developmental Clubs, Transfer Fees to Cash In
Buying a sports team is getting harder. There are fewer opportunities, and they cost more. The competition to acquire premium properties has forced investors to look at…
private equity
Eli Manning Enters Private Equity as BVP Looks to Expand Into Sports
NFL quarterback turned broadcasting phenom Eli Manning is entering private equity, joining Brand Velocity Partners as a partner. “With private equity you get a chance to…
Dyal’s Atlanta Hawks’ Stake Bolsters NBA Private Equity Boomlet
The Atlanta Hawks are the latest NBA team to draw up a private equity play from Dyal HomeCourt Partners. The Hawks confirmed on Tuesday that the club will sell almost 6%…
Sporticast: NCAA’s Last Gasp on NIL, Private Equity Arrives in NHL
On the latest Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams discuss some of the biggest sports business stories of the week, including an NCAA…
CVC’s $2.2 Billion LaLiga Investment Gets Green Light From 37 Clubs
LaLiga’s general assembly has ratified the joint venture Boost LaLiga, with 37 of Spain’s top 42 clubs from the first and second divisions voting to accept the $2.253…
Brazilian Super League Secures Investment as Backers Eye 2023 Launch
Following the success of the English Premier League, many soccer leagues around the world replaced their national competitions with more competitive and lucrative “super”…
Despite Peloton Slide, Some Investors Betting on At-Home Fitness
One of the most sought-after items during the pandemic, after facemasks and hand sanitizer, were Peloton bikes. According to J.P. Morgan estimates, Peloton made roughly…
McIlroy Fund Makes Another Splash in Golf With Troon Investment
Four-time major winner Rory McIlroy is investing in golf course management company Troon, through his investment fund, Symphony Ventures. In partnership with private…
MLS Private Equity Rules Include $500M Floors, Voting Limits
Major League Soccer’s new rules around private equity ownership include restrictions on how much equity a fund can buy, how many clubs it can back, how many board seats…
Increased PE Investment in Sports Bound to Impact On-Field Results
Much has been written—including within this newsletter—about the increased presence of private equity investment in sport. But nearly all of the coverage has focused on…
Rugby Attracting Private Equity Investors Including Lasry, Cifu
More than most pro sports, rugby depends heavily on gate receipts to thrive. So COVID-19’s toll on the sport has been particularly acute. With many teams now going on…
Exclusive
Sharp Alpha Advisors Closes $10 Million Sports Betting Fund
Sharp Alpha Advisors, a venture capital and advisory firm that specializes in sports betting, has closed its first $10 million fund. Led by managing partner Lloyd…
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