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Malcolm Lemmons Malcolm Lemmons is an Influencer

Former Pro Athlete | Founder of Vetted Sports | Daily insights around sports, technology & investing

The biggest gets bigger... This morning it was announced that TKO acquired three sports-related assets from its parent company Endeavor for $3.25 billion including: • On LocationProfessional Bull Riders, LLCIMG Breakdown of the companies acquired: ➊ PBR is the world’s largest bull riding league and puts on more than 200 events annually for more than 1 million fans ➋ On Location provides luxury hospitality for major sporting events including the Super Bowl, the Ryder Cup, March Madness, the FIFA World Cup, and the Olympics ➌ IMG packages and sells media rights and brand partnerships, providing strategic consultancy on the biggest TV deals for the NFL, English Premier League, National Hockey League, Major League Soccer, UFC, WWE and PBR 𝐖𝐡𝐲 𝐢𝐬 𝐭𝐡𝐢𝐬 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭? TKO is already a monster business. They do over $1 billion in revenue and own over $10 billion in assets. As sports becomes more of an asset class, we'll see many leagues and large entertainment brands fall under bigger umbrellas. This acquisition will help power the growth of TKO's revenue streams and expand its already strong sports ecosystem across verticals such as: • Media rights • Live events • Ticket sales • Premium experiences • Brand partnerships • Site fees Subscribe to the Vetted Sports weekly newsletter to get the latest industry news, trends, and updates 📩👇 https://lnkd.in/dUYVHG5y

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Dashawn B.

Black American ball game inventor | product designer and startup owner | agent of sports diplomacy

1mo

Great news

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Joe Farren

Helping City Football Group Engage Next Gen Fans Using Emerging Tech | Ex Hawk-Eye Innovations

2mo
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