Owners Box: Club Member Newsletter - July 19th
CVC closing in on WTA, Jody Allen maintains Seahawks & Blazers are not for sale, Warrior's Lacob says he has 'standing offer' for A's, and the PFL launches a Euro tour
Owners Box is FanClub Sports’ newsletter and investment community. Every other week we breakdown the recent news in sports investment, M&A, and technology
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News & Highlights:
New PHF commissioner Reagan Carey talks equality, investment and cutting through the noise
Sixth Street Makes Sports Splash With Investments in Top-Tier Global Franchises
Warriors Owner Joe Lacob Says He Has ‘Standing Offer’ to Buy A’s
Jody Allen says Portland Trail Blazers, Seattle Seahawks are not for sale
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Recent Sports M&A News and Developments
PFL to launch new European league in 2023 - Sports Pro Media - July 18th, 2022
The Professional Fighters League (PFL) mixed martial arts (MMA) promotion has announced the launch of a new European league in 2023.
PFL Europe events will be staged in countries across the continent, broadcast and streamed primetime, and feature emerging fighters. The PFL added that the league will provide a direct pathway for European fighters to make it to its roster.
PHF’s Reagan Carey talks equality, investment and cutting through the noise - Sports Pro Media - July 18th, 2022
Commissioner Reagan Carey of the Premier Hockey Federation (PHF), North America’s top professional competition for female players, is inheriting a six-team league undergoing a period of growth and transformation.
Speaking two months into the role, Carey says her number one aim is “to establish the league in its place as the leader within women’s professional ice hockey”, if not women’s sport generally.
Sixth Street Makes Sports Splash With Investments in Top-Tier Global Franchises - yahoo!sports - July 18th, 2022
In January 2021 Sixth Street Partners made its first investment in sports, when it bought a controlling share of Legends.
Sixth Street has since invested in the San Antonio Spurs (June 2021), Real Madrid (May 2022) and FC Barcelona (June 2022). Each of the four deals is different in nature, which is indicative of the firm’s flexible approach. But they have one thing in common—in each case, Sixth Street opted to back a premium franchise (its partners in Legends are the New York Yankees and Dallas Cowboys).
United Soccer League Adds Two Teams - Front Office Sports - July 17th, 2022
The United Soccer League is picking up steam. The soccer body, which is sanctioned by the U.S. Soccer, announced that it has entered an exclusive agreement with USL NOLA, a group aiming to bring professional soccer to New Orleans, with the intent of launching a USL Championship men’s team by 2025.
On the West Coast, USL League One — run by USL as a Division III league — introduced Santa Barbara Sky FC as its newest expansion club on Tuesday.
Warriors Owner Joe Lacob Says He Has ‘Standing Offer’ to Buy A’s - Sports Illustrated - July 10th, 2022
The Athletics are struggling on the field and at the box office. Their 29–57 record entering Sunday’s games is the worst in MLB this season. So is their average home attendance of 8,559 fans per game. The team is wrestling to build a new ballpark in Oakland and is flirting with Las Vegas in case that plan fizzles.
How might their fate be different if they had an owner such as Joe Lacob, who has enjoyed four championships in the past eight seasons as primary owner of the Warriors?
Jody Allen says Portland Trail Blazers, Seattle Seahawks are not for sale - The Athletic - July 6th, 2022
Jody Allen, Chair of the Portland Trail Blazers and Seattle Seahawks and trustee of the Paul G. Allen Trust, said neither team is currently for sale in a statement.
Allen did say that there will be a point “when that changes.” "There is no pre-ordained timeline by which the teams must be sold. Until then, my focus — and that of our teams — is on winning.”
WTA to Reportedly Sell Stake to CVC - Front Office Sports - July 5th, 2022
The Women’s Tennis Association is securing a deal to sell a 20% stake to private equity firm CVC Capital Partners for $180 million, according to The Times. It would see CVC Capital own 20% of the WTA’s commercial revenue.
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