NBA Africa Adds Investors to Hit Billion-Dollar Valuation for Development
NBA Africa, a new entity the league announced Monday, will aim to grow the game of basketball—and the NBA’s presence—on the world’s second most…
private equity
Private Equity Chases Boxing, MMA Investments in Untapped Market
According to PitchBook Data, between January 2020 and February 2021 private equity funds invested 7.8 billion euros (or $9.41 billion) into U.S. and European sports…
Sophisticated Owners Seek Results On and Off the Field
Today’s guest columnist is Steve Horowitz, the co-founder of Inner Circle Sports. There is an old joke that goes, “If you want to become a millionaire, be a billionaire…
Bruin’s $100 Million TGI Sport Deal Targets Digital Signage Tech
For the past year, leagues and teams, looking for new revenue sources, have in many cases turned to additional advertising signage on and around the field of play…
Theo Epstein, Arctos Partners File For $275 Million Sports-Related SPAC
Arctos Sports Partners, with newly appointed Executive-in-Residence Theo Epstein, have filed for a $275 million special purpose acquisition company. The blank-check…
NBA’s Spurs, CVC Capital In Talks On Private Equity Stake In Team
The San Antonio Spurs and the private equity firm CVC Capital Partners are in discussions for the Luxembourg-based investment manager to buy a minority stake in the…
Exclusive
Arctos Hits $950 Million After Latest Fundraising Round
Private equity firm Arctos Sports Partners has closed on its third round of fundraising, bringing its total raise to about $950 million, Sportico has learned. Arctos…
SPAC Craze: Are There Enough Sports Properties To Go Around?
As Sportico‘s Brendan Coffey recently noted, nearly 20 special purpose acquisition companies (SPACs) with ties to sports and entertainment have filed to go public since…
Italy’s Serie A Chooses CVC-Led Group To Enter Talks on Possible $1.9 Billion Deal
Serie A has chosen a group led by private equity giant CVC Capital Partners to invest in its media rights, a deal that could provide more than $1 billion of up-front…
SPAC Principals Are Drawn to Public Markets By Potential of Perpetual Capital and No Exit Deadline
Last Friday, Sports Ventures Acquisition became the latest sports-, media- and entertainment-centric special purpose acquisition company to file paperwork with the U.S…
Valuation Arbitrage Between Wall Street, Main Street Help Explain Flood of Sports-Centric IPOs
2020 is trending to surpass the peak tech bubble of 1999 as the biggest year for U.S-listed initial public offerings in history, with nearly $95 billion raised by IPOs…
Exclusive
Beautiful Game Group Adds Oliver Luck, Gary Woolf, Others To Executive Roster
Sports private equity investor Beautiful Game Group has added two new partners to its team and expanded its board of advisors. One-time sports agent wunderkind Gary…
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Settlement Reached in Multimillion-Dollar Legal Battle Over Robert Indiana Estate
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