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…
RedBird Capital
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…
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…
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…
RedBird Files to Start New Fund, Likely Targeting $2.6 Billion
RedBird Capital has filed paperwork with the Securities & Exchange Commission to launch its fourth fund. The Gerry Cardinale-led investment business has a robust sports…
Ben Affleck, Matt Damon Team on Story of Nike Sneaker Man Sonny Vaccaro
Ben Affleck and Matt Damon are reuniting once again, The Hollywood Reporter writes, this time for the true-life story of former Nike executive Sonny Vaccaro in a feature…
XFL Shifts From Heel Role to NFL Collaborator for Next Reboot
The leadership behind the XFL has seen bold innovations in football take hold, including overhead cameras, referees in microphones, and revised kickoff rules. But they…
Fanatics, OneTeam Connect to Sell College Athlete Jerseys
Fanatics is diving into college athlete NIL through an alliance with OneTeam Partners that could lead to jerseys bearing the name and number of college stars becoming…
Skydance Taps Last Dance Auteur Jon Weinbach to Lead Sports Unit
Skydance Media—the Santa Monica-based independent studio behind such projects as the Charlize Theron superhero flick, The Old Guard, and the long-gestating…
LeBron’s SpringHill Gets Investment From Nike, Epic, Fenway and RedBird
SpringHill, the entertainment venture formed by LeBron James and Maverick Carter, has taken investment from a consortium valuing the business at $725 million. Gerry…
Sporticast: Billionaire Ballmer’s $1.8 Billion Arena, LeBron Selling Media Stake
On the latest Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams discuss some of the biggest sports business stories of the week, including Steve Ballmer’s…
IPL Cricket More Valuable to Disney+ Than Star Wars Franchise
RedBird Capital recently bought into the Rajasthan Royals, taking a 15% stake in the Indian Premier League club at a $250 million enterprise valuation. On the surface…
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