TKO Buying On Location, IMG and PBR in $3.25 Billion Endeavor Swap
Endeavor Group Holdings is sending three business lines—events arm On Location, media rights division IMG and…
Finance
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Velocity Lines Up Financing From Indonesia’s Richest Man, Texas Fund
In what’s been a challenging environment for private equity funds all year, sports-focused Velocity Capital…
Coffey Talk: Marc Lasry on How a Team Buy Beats a Stock Purchase
On the latest episode of Coffey Talk, billionaire investor and former Milwaukee Bucks owner Marc Lasry talks…
Manchester United Investor Lindsell Train Slashes Holdings
British investment manager Lindsell Train has slashed its ownership stake in Manchester United by 20% in the…
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Two Circles to Buy Marketing Firm Kore, Raising Valuation to $650M
Sports data firm Two Circles has reached an agreement to buy engagement marketing agency Kore, according to…
Endeavor Document Sees 70% Sales Growth by 2028, TKO to $3.8B
For its short life as a publicly traded company, Endeavor Group Holdings management has consistently felt…
Forest Road, Ares Billionaire Co-Founders Buy Formula E Team
Two billionaire co-founders of Ares Management and asset manager Forest Road have purchased the ERT Formula E…
Elevate Hires William DiBlasi as CFO From Inner Circle
Elevate is hiring sports industry veteran William DiBlasi for its newly created role of chief financial…
LeagueApps Youth Sports Company Gets Accel-KKR, Arctos Funding
LeagueApps, a platform for managing youth sports teams, has announced a new round of fund raising, led by new…
Paris FC Sale Brings Billionaire Backing as Fubo CEO Profits
The sale of Paris FC to French billionaire Bernard Arnault will bring billionaire backing to a historically…
Guardians Closer’s Stock Sale Gives Investors Cut of His Salary
While Cleveland Guardians closer Emmanuel Clase is firing off 100 mph cutters to try to help his team lock…
Sports Tech M&A Takes Off in 2024 Despite Late Stage VC Slump
Mergers and acquisitions deals reached their highest level ever in sports tech in the first half of 2024…
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