FanClub: Club Member Newsletter - August 11th
CVC Capital makes a Spanish football splash & last opportunity for 3ICE
THIS EMAIL IS STRICTLY CONFIDENTIAL
Owners Box is FanClub’s private sports deal room and investment community giving participants exclusive first access to high-end sports team and league-focused opportunities.
Sign-Up & Share Owners Box with your friends and colleagues
Join our live chat on Telegram
Learn more about how FanClub can work with your team
Every other week we:
Highlight one of our top deals
Provide sign-up links for our upcoming investor webinars
Give direct access to the live deals on our platform
Breakdown the recent news in sports investment, M&A, and technology
Live FanClub Opportunities
3ICE: Three-on-Three Hockey League
Top Italian Football Club in Serie B
Technology-Focused Sports League & Media Company
Top Spanish Football Club in La Liga (Early Interest)
NBA G League Team (Early Interest)
Top French Football Club in Ligue 1 (Early Interest)
Recent Sports M&A News and Developments
CVC Capital Makes its Biggest Sports Bet with $3.2B Spanish Soccer Deal - Pitchbook - August 4th, 2021
Prolific sports investor CVC Capital Partners has landed its biggest sports deal yet, agreeing to pay €2.7 billion (about $3.2 billion) for a minority stake in La Liga, Spain's top-flight soccer league.
The deal, which values La Liga at around €24.2 billion, will see CVC get a 10% stake in a newly formed company controlling the league's commercial activities.
This was London-based CVC's third attempt to acquire a stake in a premier European soccer league. Last year, the firm joined Advent International and Italian state investor FSI to pay €1.7 billion for a 10% stake in the media rights of Serie A, Italy's premier soccer league, but negotiations stalled after several clubs moved to block the deal. It was also reported to be seeking a stake in Bundesliga before the German league pulled the plug on the sales process.
MLS Private Equity Deals Coming Later This Year, Commissioner Garber Says - Yahoo! Sports - July 28th, 2021
Private equity deals are coming to Major League Soccer.
Last year, MLS owners voted to change the league’s ownership rules to let institutional investors buy small minority stakes in franchises, a change similar to one made by the NBA during the pandemic. No team has closed a deal yet, but they’re on the horizon, according to commissioner Don Garber.
“I think you’ll see a number of deals happen over the next 12 months for sure,” Garber said in an interview, which will be part of Sportico’s MLS Valuations 2021 event on Thursday.
The new ownership rules have some restrictions. No firm, for example, can own more than 20% in a single MLS franchise.
Neil Leibman, Bill Yates Buy Stakes in NWHL Teams In Sports Fund Debut - Yahoo! Sports - July 21st, 2021
Texas Rangers president and co-owner Neil Leibman and Sports Advisory Group senior partner Bill Yates have formed Top Tier Sports, an investment group that just inked deals to buy equity in the Buffalo Beauts and Minnesota Whitecaps of the National Women’s Hockey League as well as the Cleburne Railroaders, an independent baseball team.
The Top Tier fund seeks to acquire equity stakes in teams and sports not in North America’s big four pro leagues. “We’re sport-agnostic. We’re looking at pretty much any level, in any sport, anywhere in the U.S.,” Yates said in a phone call. “We are interested in growing the asset value over time, making a positive contribution to our communities, and having fun as owners as much as anything.”
Past News
Ares Raising $1.5B for New Sports Fund with All-Star Board - Sportico - July 14th, 2021
Dyal Capital Nears Deal for Minority Stake in Sacramento Kings - The Wall Street Journal - July 11th, 2021
Dyal Buys Stake in Phoenix Suns, Valuing Team at $1.55 Billion - Bloomberg - July 6th, 20211
Last Minute of Play - 3ICE: Three-on-Three Hockey League
Opportunity Closes August 20th
3ICE is a multi-platform global sports media company that is focused on operating a professional 3v3 ice hockey league. The league is currently expected to host their inaugural season in 2022 with a 10-week season rotating between locations throughout North America. Each season is expected to be held during a soft-spot in the sports schedule (summer) and so season 1 will be held from June-August 2022. Current leadership is hoping to offer live games, a reality TV series, an over-the-top (OTT) network, podcasts, articles, eSports, youth events, social media, clinics, camps, and tours under the 3ICE brand. This is the last week to submit interest!
HIGHLIGHTS
Shorter, snackable version of the game has been a success with: Indian Premier League (IPL Cricket), Formula E (Auto Racing), Rugby 7s (Rugby), BIG3 (Basketball), and Fan Controlled Football
Phone-first media company with hockey events at its core built for the new media landscape and situated to take advantage of the “streaming wars” and the way fans follow/share content today
Key executives with tenures at IMG, NFL, Fox Sports, Getty Images, NHL, F1, Disney, and more- led by League Commissioner and Hockey Hall of Famer, Craig Patrick
TV deals signed with ESPN, CBS, and CBS Sports Network (US broadcasters) as well as TSN/RDS (Canadian broadcasters); other partners include Getty Images, ICM, ASM Global, and more
Each of the league's six teams is coached by a high-profile NHL alumni
3ICE utilizes a touring model/in the soft part of the sports calendar each year; June through August, just like Like F1, NASCAR, or the Big3
Raised US$1MM in their seed round from a collection of NHL owners, Goldman Sachs executives, a former Prime Minister of Canada, and NHL Hall of Famers
Already secured $7m with leading sports business investor KB Partners providing the initial $2m cornerstone investment and taking a board position
Minimum Investment: $500 USD
IRR (Base Case): 89.9%
MOIC (Base Case): 10.56x
DISCLAIMER
This newsletter is confidential and may not be distributed, transmitted or otherwise communicated to others, in whole or in part, without the express consent of FanClub Sports Capital Inc.
This newsletter does not constitute an offer to sell, or the solicitation of an offer to buy, any security, product or service, including interests in the fund.
Stay tuned for the latest FanClub deals and sports updates!