A group led by private equity giant Sixth Street has closed on an NWSL expansion team in the San Francisco Bay Area, committing to a league-record $53 million expansion fee.
The fifth class of Sports Business Journal’s New Voices Under 30 represents the rising generation of sports business leaders, dealmakers and influencers across the industry. SBJ and presenting partners Anheuser-Busch, MGM Resorts International and TurnkeyZRG will recognize the entire class at a special event on Oct. 19 at the Aria in Las Vegas.
Former NASCAR star Tony Stewart is injecting more financial fuel into his all-star racing series. Stewart’s Superstar Racing Experience, also known as SRX Racing, has raised $8 million in its latest funding round at a $40 million valuation.
The Tennessee Titans have reached an agreement with Nashville government to build a new $2.1 billion domed stadium, a project that includes $1.26 billion total in money from the state of Tennessee and local revenue bonds. It’s among the highest totals of public funds ever committed to a U.S. sports venue, but one that city officials argue will save taxpayers money because of the onerous lease it replaces and the specific sources of the funds.