SPACs Market Settles But Flexibility Remains Attractive for Sports Businesses
Since DraftKings started trading April 24 after going public by merging with a special purpose acquisition company, its shares have rallied 174%. That eye-popping…
spac
Liberty Media Seeking $500 Million via SPAC for Media, Entertainment Acquisition
Liberty Media—owner of the Atlanta Braves, Formula One and Sirius XM Radio—has formed a blank check company to seek a target acquisition in the "media, digital media…
Market Shift from Growth to Value Equities May Entice Sports SPACs to Do the Same
Last Monday (Nov. 9), "value" stocks within the traded equity markets outpaced their "growth" counterparts by the widest margin for any single day in nearly a century…
Exclusive
Hedge Fund Sees Bull Horn SPAC As Gateway Into Sports’ Growth
Glazer Capital, a hedge fund managing more than $2 billion in assets, disclosed this week it has 14% ownership in Bull Horn Holdings, a sports-focused special purpose…
Isles Owner Ledecky, Cosmo Editor Coles Have $250 Million To Spend in SPAC IPO
A seemingly unlikely pairing of a hockey fanatic and a women's magazine editor has just raised $250 million. Northern Star Acquisition Corp., led by New York Islanders…
The Business of Sports
Featuring this week's podcast with Scott Soshnick and Eben Novy-Williams
Coming SoonD.C. Sports Veterans Ein, Fernandez In New $300 Million SPAC
The SPACs with sports executives keep coming. The latest is Capitol Investment Corp. V, a blank-check firm from Washington, D.C. sports veterans seeking $300 million in…
SPACs: What A Special Purpose Acquisition Company Means For Sports
What are SPACs? Companies that raise money in an IPO and then find another company to buy. For that reason they're also called blank checks: Management is given a pile…
Dolphins Vice Chair Matt Higgins Launches $350 Million SPAC
Matt Higgins, vice chair of the Miami Dolphins and co-founder of RSE Ventures, is seeking $350 million in a new special purpose acquisition company, according to a…
Q&A: Genius Sports CEO Mark Locke Describes Vision As Public Company
Genius Sports’ move to go public in a $1.5 billion deal with dMY Technology Group II, a SPAC traded under the ticker DMYD, marks a new phase for the London-based sports…
Red Sox IPO With RedBall May Find Mixed Reception From MLB and Stock Market
The $8 billion valuation being discussed for Red Sox owner Fenway Sports Group may make going public by a merger with blank-check firm RedBall Acquisition Corp. seem…
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…
Genius Sports Going Public in $1.5 Billion Deal With SPAC dMY Tech II
Sports data technology company Genius Sports Group Ltd. is going public in a $1.5 billion deal with blank check firm dMY Technology Acquisition II, people familiar with…
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