Jeff Zucker to Oversee $1 Billion Sports Fund for RedBird IMI
A little more than 10 months after stepping down as the head of CNN, Jeff Zucker is back in the media business, and he’s got $1 billion of capital to invest. On…
RedBird Capital Partners
Bob Iger Was in Talks With RedBird Capital Before Disney Wooed Him Back
In the days leading up to his shocking return as CEO of Walt Disney Co., Robert Iger was negotiating a big new role at Gerry Cardinale’s investment firm RedBird Capital…
LeBron James Could Score $50 Million Payday With Liverpool Sale
It has been a rough start to the season for LeBron James and the Los Angeles Lakers, as the purple-and-gold have lost seven of their first nine games and currently sit…
Fenway Sports Group Exploring Liverpool Sale
Fenway Sports Group is exploring a sale of English soccer giant Liverpool, according to someone familiar with the plans. The group has been working with Morgan…
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…
Wall Street Will Demand More Results as Sports Relies on Its Money
Today’s guest columnist is Sportico sports finance reporter Brendan Coffey. It’s not news to people in the industry that institutional asset managers are flocking…
New York Yankees Investing in AC Milan as Part of RedBird Ownership Group
The New York Yankees and Main Street Advisors, a LeBron James-backed investment fund, are investing in Italian soccer team AC Milan, according to two people familiar…
XFL Seeking New Equity Investors, Retains PJT Partners for Search
The upstart XFL is seeking new equity investors to join the football league coinciding with the launch of play in February. Investment bank PJT Partners has been…
Sporticast: Dustin Johnson Crosses Golf’s Rubicon, SeatGeek Deal Dissolves
On the latest Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams discuss some of the biggest sports business stories of the week, including dramatic…
RedBird Capital to Buy AC Milan in $1.3 Billion Deal
RedBird Capital has reached an agreement to purchase AC Milan in a deal that values the Italian soccer club at $1.3 billion (€1.2 billion). The deal, announced…
Fenway Group Returns to Red Sox Development as Liverpool Run Bolsters Plan
Real Madrid defeated Liverpool 1-0 Saturday in the UEFA Champions League final in Paris, marking the 14th European title for the Spanish club, double the amount of any…
Disney Nabs XFL Media Rights in Exclusive Four-Year Deal
The Walt Disney Co. has hammered out an exclusive four-year deal to carry the revived XFL’s regular-season and playoff games, with the bulk of the contests expected to…
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