Shamrock promotes Howard, LaSalle to co-president
Investment firm Shamrock Capital has promoted Andy Howard and Mike LaSalle to the titles of co-president and partner, effective immediately. Both were already partners and members of the L.A.-based firm’s executive committee. Former President Stephen Royer has assumed the title of chair and partner.
Fitch reveals, gives ‘A’ rating to $1B in new NFL debt
Credit rating agency Fitch Ratings revealed Friday afternoon that the NFL’s Football Trust league-wide credit facility has issued notes totaling $1.04B in new debt for multiple undisclosed clubs. The new borrowing “will be used to repay existing indebtedness, for general corporate purposes and/or to...
World Surf League hires Nicole Metzger as CRO
The World Surf League has appointed Nicole Metzger as its next CRO. Metzger will oversee the surfing league’s strategy around sponsorships, licensing and business development.
Rogers provides new insights on MLSE takeover
Following its takeover of Maple Leaf Sports & Entertainment earlier this month, Rogers Communications estimates that its portfolio of sports and media assets, which include the Maple Leafs, Blue Jays, Raptors, Toronto FC and Sportsnet, is now worth more than $11B.
Publicis acquires experiential agency Bespoke Sports & Entertainment
Experiential marketing agency Bespoke Sports & Entertainment has been acquired by Publicis Groupe. Bespoke will now be a part of Publicis Sports, the sports marketing agency within Publicis Connected Media. Publicis has acquired Bespoke in its entirety, though financial details related to the tr...
These sports stock storylines could have a lot to say about health of the industry
Investors remain bullish on the sports industry, but its finance executives have their work cut out for them.
PlayersTV looks to fans as part of $10M capital raise
Athlete-owned media platform PlayersTV is raising up to $10M in funding, with as much as $5M coming from a new crowdfunding campaign. The offering values PlayersTV at $50M.
HXCO raised $875M within two months of launch
When Ryan Smith and Ryan Sweeney announced the launch of Halo Experience Company (HXCO) in early April, they set out with the goal of raising $1B for sports tech investing.
Mariner joins Harbinger Sports as general partner
Former MLB CFO Jonathan Mariner has joined sports private equity firm Harbinger Sports Partners as a general partner. Harbinger launched earlier this year and is now raising a $750 million fund to acquire minority stakes in pro sports teams. Mariner joins Harbinger’s existing partners Steve Cannon, ...
Nike preparing to mitigate $1B in tariff-related costs
On Thursday, Nike CFO Matthew Friend told investors that tariffs are expected to result in $1B in incremental costs for the sportswear giant, but that the company also intends to “fully mitigate the impact of these headwinds over time.”