Finance
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...
Report: KKR acquiring sports private equity firm Arctos in $1B deal
Private equity giant KKR is acquiring sports investment platform Arctos in a $1B deal, according to Bloomberg. The report notes that incentives for Arctos management, which is expected to remain in place, could push the total deal value “closer to” $1.5B. The transaction will require approval from t...
Elevate acquires culinary consultancy Sweet Management Group
Elevate has acquired chef representation and culinary consultancy Sweet Management Group, enabling the agency to deliver culinary marketing services. The acquisition follows recent acquisitions of Downstream and GA Group. SMG is led by CEO Lonny Sweet. Elevate Chief Client Officer Cameron Wagner sai...
Rogers execs planning unified sports, concerts strategy amid MLSE buyout
Rogers Communications Exec Chair Edward Rogers and CEO Tony Staffieri are aiming to transform their sports and entertainment holdings into a combined entity that could be “valued at as much as” $20B and would “stand as a third pillar alongside the company’s dominant cable and wireless operations,” a...
Wall Street reacts to Versant’s trading debut
Versant’s launch out of the Comcast/NBCUniversal nest “is official” with its trading debut today -- and “at least initially, Wall Street is not bullish on the cable TV network-centric spin-off company.” Versant “began trading” today on the Nasdaq Stock Market “under the ticker symbol ’VSNT.’” In ear...
Sources: Main Street misses Cardinals payment amid DAZN sale uncertainty
Main Street Sports Group has missed a December payment to the St. Louis Cardinals as it continues to pursue a last-ditch sale to DAZN, and sources told SBJ late Saturday that if the DAZN purchase does not close by January, Main Street will wind down and dissolve its business at the end of this year’...
Inside Christine Dorfler’s rise to NFL CFO
NFL Chief Financial Officer Christine Dorfler can trace her career trajectory to a couple of big bets she made on herself during and after the Great Recession.
Sponsored content
Quote of the Day
Until I got elected commissioner, all I did was labor relations. That’s how I made my living. I’ve never been in a negotiation where before the first piece of paper went across the table, I or anyone I represented was out there saying this we absolutely will not talk about. I just think it’s a hard way to begin a negotiation.-- MLB Commissioner Rob Manfred, on his opinion that both sides should keep an open mind heading into labor negotiations this coming year.
PODCAST
SBJ TV
PROPERTIES
