FanClub: Club Member Newsletter - July 21th
The debut of 3ICE & Private Equity Continues to Make a Splash in the Pro Sports World
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League of the Week - 3ICE: Three-on-Three Hockey League
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 withESPN, 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, juts 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: $5,000 USD
IRR (Base Case): 89.9%
MOIC (Base Case): 10.56x
Other Live FanClub Opportunities
Fan Controlled Sports & Entertainment (Formerly Fan Controlled Football)
Società Polisportiva Ars et Labor (S.P.A.L.) (Serie B Italian Football)
Recent Sports M&A News and Developments
Ares Raising $1.5B for New Sports Fund with All-Star Board - Sportico - July 14th, 2021
Investment manager Ares Management is raising $1.5 billion for a new sports, media and entertainment fund.
Among investments the deck says Ares is considering or may be participating in include another unnamed MLB team seeking $250 million in junior debt, a Serie A squad seeking to raise $200 million through preferred equity, and a team in Eredivisie, the top Dutch soccer league, looking to raise $100 million in senior debt and structured equity.
Dyal Capital Nears Deal for Minority Stake in Sacramento Kings - The Wall Street Journal - July, 11th, 2021
Dyal Capital is nearing a deal to make an investment in the Sacramento Kings National Basketball Association team, according to people familiar with the matter, as the firm works to assemble a portfolio of stakes across the league.
The deal, which could be announced as soon as this week, would give the investment firm a nearly 5% stake in the team at a valuation of $1.5 billion, the people said. (Another person pegged the valuation at closer to $1.8 billion.)
Dyal, a unit of the newly public Blue Owl Capital Inc., is best known for taking minority stakes in private-equity and credit firms. It would do the Kings transaction from its Dyal HomeCourt Partners fund, formed to provide liquidity and growth capital to teams across the NBA.
The deal would be its fund’s second such transaction. On July 6, Dyal said it would take a similar-sized stake in the Phoenix Suns.
Dyal Buys Stake in Phoenix Suns, Valuing Team at $1.55 Billion - Bloomberg - July 6th, 2021
A new division of Dyal Capital Partners agreed to buy a minority stake in the Phoenix Suns, valuing the National Basketball Association team at $1.55 billion, as institutional investors edge into a space previously dominated by billionaires.
Dyal HomeCourt Partners is purchasing less than 5% of the team and may acquire more over time, according to people familiar with the matter who asked not to be identified discussing details of a private deal. As many as 10 existing investors are selling some of their holdings, with none unloading more than 15% of their stakes. Suns owner Robert Sarver isn’t one of the sellers, the people said.
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!
