Roger Clemens, Nolan Ryan Pitch In Cash as Athletes Fund SPAC Deals
When special purpose acquisition company Roth CH Acquisition III cobbled together a group of investors to fund a deal to bring public QualTek, a builder of cell phone…
SPAC
Topps Debt Rating Downgraded on Loss of MLB Deal, SPAC Shutdown
The credit rating of trading card giant Topps Co. has been pushed deeper into junk bond territory as last week’s loss of Major League Baseball’s license for cards…
Prime
Topps Mulls Options Amid Claims MLB Fanatics Deal Done in Secret
The termination of the merger between Topps and the special purpose acquisition company Mudrick II on Friday could spark a lengthy legal fallout. The death of the deal…
Topps Deal Terminated by SPAC After MLB, Players Bolt
The merger between Topps and the special purpose acquisition company Mudrick II has been terminated, according to a filing with the Securities & Exchange Commission…
Prime
Eisner Outflanked by Fanatics as $600 Million Payday Foiled by MLB Players
It’s as if Mickey Mouse packed up and made camp over at Universal. Or maybe worse. Dealmaker Michael Eisner’s latest trophy project was dealt a huge blow when the MLB…
Topps Raises 2021 Outlook Again as Second Quarter Results Shine
Sports card giant Topps released second quarter earnings this morning, detailing sales that surged 78% and increasing projections for full year revenue to as much as…
Prime
Sports SPAC Boom Anniversary Finds Deals and PIPE Funds Aligning
It was a year ago that sports SPAC mania sparked, as Gerry Cardinale and Billy Beane brought their RedBall blank check company to market. Since then, another 143 special…
Prime
Arb Traders Weigh on Sports SPACs as Fund Indicator Fails
RedBall SPAC, famously led by Gerry Cardinale and Billy Beane, has the most institutional shareholders of sports-focused special purpose acquisition companies on the…
Sports SPACs May Look Overseas as Proverbial Shot Clock Winds Down
According to Pitchbook, the number of SPACs that have merged with non-U.S. companies has risen six quarters running. In Q2 2021, nearly one in five completed SPAC…
Topps Paying Off for Michael Eisner in Collectibles SPAC Merger
Trading card company Topps is finally paying off for Michael Eisner. Eisner, best known as the longtime CEO of Walt Disney Co., is bringing Topps public in a merger with…
Former Turner Sports Executive Joins VC in Sports Tech SPAC
Matthew C. Hong, a former Turner Sports executive who was responsible for the day-to-day operations of its extensive sports portfolio, has joined the SPAC of two venture…
Lakers, Dodgers Marriage Pairs Two of Most Valuable Sports Brands
The Lakers and Dodgers re-located to the City of Angels six decades ago, only two years apart. Their shared ties run deep as they established themselves as model…
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