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.
Major League Soccer’s (MLS) Orlando City SC are close to being sold to the Wilf family, the owners of the National Football League’s (NFL) Minnesota Vikings, according to Sportico.
Sports IQ, a betting tech provider, has raised $7 million in seed funding from a group with deep sports experience, including the Kraft Group, which owns the New England Patriots, former Chicago Cubs executive Theo Epstein and Boston Red Sox CEO Sam Kennedy.
At a time when some of the largest collegiate sports agencies have been struggling due to the impact of COVID on their businesses, Wasserman is making a move in the collegiate space with the acquisition of Riddle & Bloom, a Boston-based marketing firm that targets collegians, generally outside of athletic venues.
There is an old joke that goes, If you want to become a millionaire, be a billionaire and buy a sports team. While this may have been true once upon a time, the world of sports is drastically different today.
Actors Ryan Reynolds and Rob McElhenney are acquiring a fifth-division English soccer club, and plan to use their own stardom and a new documentary series to promote the team globally.
A new blank-check company from Atlanta Falcons co-owner and StelCo CEO Alan Kestenbaum and two partners of Inner Circle Sports is coming to market.