Finance
Pro Padel League raises $10M seed round as it prepares for second full season
Pro Padel League, a North America-based padel league preparing for its second full season in 2025, has raised a $10M seed round led by Left Lane Capital and with investment from Kactus Capital, Gary Vaynerchuk, Epic Padel and the family office of H.I.G. Capital founder Tony Tamer.
Endeavor execs Emanuel, Whitesell receive hefty payout in company sale
Endeavor execs ARI EMANUEL and PATRICK WHITESELL “received nine-figure cash payments in connection [with] Silver Lake’s take-private of the company,” though both men are “rolling over most of their equity into the private venture,” according to Alex Weprin of HOLLYWOOD REPORTER. Emanuel had been CEO...
EDGE Markets launches banking platform for gamblers with $17M seed round
Sports betting financial firm EDGE Markets has publicly launched banking platform EDGE Boost on the back of a newly announced $17.2M seed funding round.
Report: StubHub seeks over $1B in IPO amid market uncertainty
While StubHub did not disclose the size or price range of its proposed initial public offering, the company “would seek to raise more than” $1B -- “implying a market value of about” $16.5B, according to sources cited by George Steer of the FINANCIAL TIMES. StubHub plans to list its common stock on t...
Silver Lake completes acquisition of Endeavor, forms WME Group
Endeavor’s stretch as a public company has officially come to an end after nearly four years. The company announced on Monday morning that Silver Lake and its partners have acquired 100% of Endeavor’s outstanding shares, not including rolled interests.
SailGP charts course for continued growth following success of U.S. events
Global sailing league SailGP is in its fifth season and fresh off a set of back-to-back races in Los Angeles and San Francisco, the league’s first pair of events on consecutive weekends.
StubHub files to go public on NYSE
StubHub “filed to go public on the New York Stock Exchange under the ticker symbol ‘STUB.’” In its prospectus for an initial public offering, the company said that it had a net loss of $2.8M on revenue of $1.77B for 2024, compared with a $405M profit on $1.37B in revenue for 2023. More than 40 milli...
Nike sees departure of key strategy, communications execs
Nike announced the departures of Chief Strategy & Transformation Officer Daniel Heaf and Chief Communications Officer KeJuan Wilkins. Since CEO Elliott Hill started in the position, the company has announced new heads of sports marketing, legal and human resources. Hill wrote in an email that Ni...
Nike expecting further sales declines amid strategy shifts
Nike “expects its sales decline to accelerate” as it “continues to push discounts to clear inventory in the hopes of stoking a turnaround,” according to Sabela Ojea of the WALL STREET JOURNAL. The company said yesterday that it expects sales in its current fourth quarter to “drop at a rate in the mi...
The NFL’s high deductible woes
Here’s a familiar, frustrating story to many of us: You get in a fender-bender and the repair bill is just a few bucks short of the insurance deductible. Now, the NFL has a multimillion-dollar version of the same problem.
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Quote of the Day
For the league to step in and say that a team chose to play one player over another player and that was the wrong decision, I think that's a bit of a slippery slope.-- NBA EVP/Strategy & Analytics Evan Wasch, on the league monitoring player availability but not mandating how coaches rotate players in game.
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