La Previa: Xavier Gutierrez on Moving From Private Equity to the NHL
On the latest episode of La Previa, hosts Asli Pelit and Boris Gartner talk to Xavier Gutierrez, the CEO and the president of the National Hockey League’s Arizona…
private equity
Manhattan West New $100M Fund Seeks Sports With Dividends
When Matt Gibbons wanted to launch the first private equity fund at Manhattan West, it seemed natural to focus on the industries where most of the firm’s clients made…
777 Buys Controlling Stake of Bundesliga’s Hertha BSC
The boutique investment firm 777 Partners has reached an agreement to acquire a controlling stake of Hertha BSC, one of the oldest soccer clubs in Germany, people…
NWSL Gains Private Equity Cash Amid Questions Over Lack of Rules
The NWSL is in the process of selling two expansion clubs to begin play in 2024. One is widely expected to be based in Utah, where MLS club Real Salt Lake’s new…
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…
Dyal NBA Team Fund Assets Hit $283 Million, Up 77% From Last Year
Dyal HomeCourt, a fund dedicated to purchasing minority stakes in NBA franchises, now has assets of $283 million, a 77% increase from what the fund held a year…
NFL Expected to Alter Stance on Private Equity Investments. But When?
Private equity’s presence in professional sports team ownership groups has been a consistent theme over the last several years. The NBA, NHL and MLB have all altered…
Wasserman Adds Providence Equity as Investor; RedBird, Madrone Cash Out
Sports and entertainment talent representative Wasserman has taken on private equity firm Providence Equity as an equity investor. Providence, which counts Learfield and…
Legends Buys Stake in Nascent 3ICE Hockey, Adding to Sports Holdings
Data, analytics and premium experiences business Legends is buying a minority stake of upstart hockey league 3ICE and will be managing several lines of business for the…
Shane Battier, Jessica Gelman Among New Arctos Sports Advisors
Private equity fund Arctos Sports Partners is adding four new executives to its slate of operating advisors. Arctos, which has more than $5 billion in assets under…
Ares Sports Fund Raises $2.2 Billion, Exceeding Target by Nearly 50%
The Ares Sports, Media & Entertainment fund announced it has raised $2.2 billion to invest in sports leagues, teams and sports-related franchises, according to a press…
German Soccer, Deutsche Bank in Talks to Sell 20% of Broadcast Rights
German football’s governing body (DFL), which presides over Bundesliga and Bundesliga 2, is in talks with Deutsche Bank AG to facilitate the sale of 20% of their media…
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