Owners Box: Club Member Newsletter - September 1st
Lebron and Drake become passive investors of AC Milan, Audi officially enters F1, and the Utah Jazz are Arctos' latest investment
Owners Box is FanClub Sports’ newsletter and investment community. Every other week we breakdown the recent news in sports investment, M&A, and technology
Sign-Up & share Owners Box with your friends and colleagues
Learn how Teams, Owners, and Investors can start a Syndicate on FanClub
News & Highlights:
Report: AC Milan gets investment from New York Yankees and Main Street Advisors
DFL calls up Deutsche Bank as part of €3.6bn private equity plot
Utah Jazz become latest NBA franchise to receive Arctos minority investment
Novak Djokovic’s PTPA nets US$26m investment and launches commercial arm (BONUS)
Houston Dynamo owner Ted Segal increases stake in club (BONUS)
TLDR? Follow our Instagram & Twitter Pages at @fanclubsports & @fanclubsportshq
Don’t have time for a morning newsletter? No worries, FanClub has you covered. FanClub condenses the Owner’s Box Newsletter into a series of short Instagram & Twitter posts so you can catch all the highlights, even if you miss the game.
Join the FanClub Community
Sign-up for the largest community of pro sports owners. Get direct access to deals across European football, major & minor North American leagues, autosport, tennis, rugby, cricket, and emerging leagues from across the world
Recent Sports M&A News and Developments
Report: AC Milan gets investment from New York Yankees and Main Street Advisors - Sports Pro Media - August 30th, 2022
The Major League Baseball (MLB) franchise and Los Angeles-based fund, which counts LeBron James and Drake among its investors, will reportedly become shareholders in the Serie A club.
The pair are set to be announced as partners as early as 31st August when it is expected RedBird will officially take control of Milan from its current owner, US hedge fund Elliott Management.
Audi to enter F1 in 2026 - Sports Pro Media - August 26th, 2022
Audi has officially announced that it will join Formula One from the 2026 season as a power unit supplier.
The Volkswagen-owned German car manufacturer is yet to reveal whether it will run or own a team, or just supply engines. Despite that, Audi is expected to partner with the Sauber team, currently racing as Alfa Romeo, amid reports that the company will purchase a 75 per cent stake in the Switzerland-based racing outfit.
Tiger Woods and Rory McIlroy’s TMRW Sports announces TGL, a new tech-infused golf league in partnership with the PGA TOUR - PGA Tour - August 24th, 2022
ATLANTA - Tiger Woods and Rory McIlroy’s TMRW Sports today announced TGL, a new tech-infused golf league in partnership with the PGA TOUR. TGL will showcase team matches fusing advanced tech and live action from a custom-built venue in primetime on Monday nights, which will complement the current PGA TOUR schedule. Woods and McIlroy are the first two golfers committed to compete and the league’s inaugural season will kick off in January 2024. The announcement was made by Woods, McIlroy, and TMRW Sports CEO and founder Mike McCarley.
DFL calls up Deutsche Bank as part of €3.6bn private equity plot - Sports Pro Media - August 23rd, 2022
The German Football League (DFL) has brought in Deutsche Bank to lead the possible sale of a broadcast rights package to external investors, according to Bloomberg.
The bank will reportedly work alongside the DFL’s longstanding advisor Nomura Holdings as the organiser behind German soccer’s top two divisions, the Bundesliga and Bundesliga 2, weighs up various investment options.
Angels owner Arte Moreno exploring potential sale of team - The Athletic - August 23rd, 2022
Los Angeles Angels owner Arte Moreno is exploring a potential sale of the club, he announced via a team statement Tuesday. The team hired Galatioto Sports Partners to “assess strategic options” as they look to change ownership for the first time since 2003.
“Although this difficult decision was entirely our choice and deserved a great deal of thoughtful consideration, my family and I have ultimately come to the conclusion that now is the time,” said Moreno. “Throughout this process, we will continue to run the franchise in the best interest of our fans, employees, players, and business partners.”
Utah Jazz become latest NBA franchise to receive Arctos minority investment - Sports Pro Media - August 22nd, 2022
Private equity firm Arctos Sports Partners is investing in the Utah Jazz through a partnership with the National Basketball Association’s (NBA) franchise’s Smith Entertainment Group (SEG) ownership group.
Subject to approval from the SEG board, the deal includes minority investment in a number of SEG properties, including Major League Soccer’s (MLS) Real Salt Lake and the Jazz’s Vivint Arena home.
Man U Reportedly Exploring Stake Sale, Ratcliffe Interested - Front Office Sports - August 17th, 2022
A stake in Manchester United may be sold — but probably not to a certain eccentric billionaire.
The Glazer family — Man United’s owner — is considering offloading a minority stake in the team, according to Bloomberg.
The family, which also owns the Tampa Bay Buccaneers, is not ready to cede control of the team, which could be valued at $6 billion.
Britain’s richest man, Jim Ratcliffe, who made a late bid for Chelsea, confirmed Wednesday his interest in purchasing a stake in Man United and eventually owning the team.
Former team director Michael Knighton is preparing an unsolicited bid for the team, saying “we have an inept and quite frankly useless ownership.”
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!