Finance
Rubin: Fanatics in ‘absolutely no rush’ to go public
Fanatics CEO Michael Rubin said there is “absolutely no rush” for the company to go public. Rubin appeared on CNBC this morning to promote the upcoming Fanatics Fest in N.Y. and was asked about not going public in 2022. Rubin claims Fanatics “never thought about going public” back then. He said, “Th...
Dallas looks to end FC Dallas deal for MoneyGram Soccer Park
Dallas’ contract with FC Dallas is “not generating the revenue it wants,” so the city is “moving on” to USL club Atlético Dallas for MoneyGram Soccer Park, according to Devyani Chhetri of the DALLAS MORNING NEWS. The anticipated deal to have Atlético Dallas use the Cotton Bowl and MoneyGram Soccer P...
Fitch reveals leagues’ new, anticipated borrowing
Fitch Ratings issued a series of ratings actions on Tuesday evening that revealed details around new or anticipated borrowing by MLB, the NBA and the USTA’s Billie Jean King National Tennis Center.
Jomboy Media founder explains importance of MLB partnership
Jimmy O’Brien, the founder of Jomboy Media, said the impetus for his company’s partnership with MLB was a deal that fell through last year with ESPN.
NBA Launchpad participant Somnee raises $10M for its sleep tech
Sleep tech provider Somnee raised a $10M seed extension round led by Khosla Ventures with participation from the owners of the Magic, the Adidas-inspired Lead VC, Salesforce CEO Marc Benioff’s Time Ventures and others. Neuroscientist Matt Walker, a former Harvard Medical School professor now on the ...
MLB teams with Jomboy Media as minority investor
MLB has become a minority investor in digital outlet Jomboy Media as part of a strategic partnership deal.
Social sports venue Ballers raises $20M Series A, eyes expansion
Ballers, a social sports facility concept launching its first location in Philadelphia this July, has raised a $20M Series A with an eye on further expansion. The round was led by sports-focused investment firms Sharp Alpha and RHC Group and featured participation from a slew of high-profile individ...
Elevate launching PE-backed college initiative
Private equity has finally come to college sports.
Forbes summit talks women’s sports, entertainment
Forbes “convened dozens of investors and business leaders” for the fourth annual Forbes Iconoclast Summit at Cipriani Wall Street on Thursday. A host of figures involved in the world of sports were present at the summit, including former Angel City FC lead investor Alexis Ohanian, Nets and Liberty c...
Browns, Bears, Chiefs see significant movement on stadium futures
It’s late spring, which means crunch time for state legislatures and governors deciding where taxpayer money is going. Ohio, Illinois and Missouri are all taking meaningful steps -- either proactively or by omission -- in determining the stadium futures of the Browns, Bears and Chiefs this week.
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Quote of the Day
Would I like to see the ability to be able to spend more money? Yes, but that has to be a function also of our league revenue and the revenue of teams. We're being very successful here with what we've been doing with Inter Miami. All of the teams in the league are able to benefit from increased revenues.-- Inter Miami co-owner Jorge Mas, on how MLS aligning with the international soccer calendar can better help the league and its clubs.
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