Finance
Diamond Kinetics raises $12M round to scale youth offering
Baseball training technology company Diamond Kinetics has raised $12 million in a funding round led by Elysian Park Ventures, the investment arm of the Dodgers’ ownership group.
Alex Morgan’s Trybe Ventures named lead capital investor in WTGL
Former USWNT star Alex Morgan and her investment firm Trybe Ventures will be “the lead capital investor in WTGL,” the new team indoor golf league being developed by TMRW Sports in partnership with the LPGA. The investment positions Morgan and Trybe “at the forefront of the newest, and one of the mos...
Fanatics to launch new branded credit card in spring
Fanatics is expanding “into financial services” as CEO Michael Rubin revealed the company is “preparing to launch a branded credit card later this spring,” according to Charlotte Capewell of COVERS. The credit card will be “aimed at sports fans and integrated across its betting, merchandise, and tic...
Report: Golden State Group stake sale values holding company at $11B
A 5% stake in Golden State Group, the holding company for the Warriors, is “up for sale” and values the company at more than $11B, according to sources cited by Randall Williams of BLOOMBERG NEWS. The Warriors are “considered the most valuable team in the NBA and have the highest revenue in the leag...
Univ. of Miami’s CFP run set to earn school large payout
The Univ. of Miami’s run to the CFP National Championship has “already been a boon for the athletic department and the university as a whole,” according to Jordan McPherson of the MIAMI HERALD. Conferences earn payouts for each of their teams getting to specific stages of the CFP, with $4M for makin...
The 33rd Team raises new investment capital
The 33rd Team, a football intelligence and tech company founded by former Jets and Dolphins front office executive Mike Tannenbaum, has raised a new growth investment round. Executives did not disclose a sum other than calling it an “eight-figure” Series B.
Report: Anta makes offer to buy stake in Puma
Anta Sports Products has “offered to buy 29%” of Puma from Pinault family, according to sources cited by Wu & Crowley of REUTERS. Anta “made the offer a few weeks ago” and sources noted the company has “secured financing for the acquisition should a deal go ahead.” However, one source said that ...
Regulatory complexity in global football: What U.S. investors must understand before going abroad
Over the past decades, U.S. investment in global football has expanded at a pace few anticipated. American ownership groups now hold full or partial stakes in clubs across Europe, Latin America and Oceania. Private equity funds, sports investment vehicles and family offices increasingly view global ...
Bruin Capital raises $1B from TJC, Josh Harris’ 26North
Sports investment firm Bruin Capital has raised $1B for its fourth investment vehicle, with backing from TJC, 26North Private Equity and other, undisclosed investors. Bruin has now raised more than $2B in total since its launch in 2015.
Comcast’s Cavanagh optimistic as Versant, navigates early days as standalone company
Comcast co-CEO Mike Cavanagh discussed Versant’s trading debut following its spinoff during an appearance on CNBC’s “Squawk Box” and said that this week “is the real week where [the stock is] just going to find a level over the next couple of weeks.” He added the “thin trading in the when issued mar...
Sponsored content
Quote of the Day
We don’t want to be a sports-only service. That’s not the plan. I want the sports team to kill it. I want them to feel like they’re the center of the world. I want them to go to the sports media audience and say, ‘we’re the special thing.’ But ... we’ve got special DNA in all of those places, and they’re all delivering what the service does today.-- Comcast co-CEO Mike Cavanagh, on how NBC does not want to make sports the heart of its TV strategy despite its importance to the company.
PODCAST
SBJ TV
PROPERTIES
