Owners Box: Club Member Newsletter - June 1st
Mercedes (McLaren), LigaMX (Apollo), PFL (A-Rod & Waverley Capital), AC Milan (RedBird Capital), Barcelona (Goldman) & Major League Cricket cap off explosive deal making in sports
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:
Newcastle post UK£12.2m loss as Saudi owners pump UK£168m into club
Major League Cricket grabs US$120m investment to aid US expansion
Alex Rodriguez invests in MMA company PFL at $500 million valuation
Report: NFL Owners 'Counting Votes' Against Commanders' Daniel Snyder
English Clubs Tighten Their Financial Grip on European Football
Billie Jean King Among Group Exploring Launch of New Women’s Pro Hockey League
Barcelona Nears Goldman Sachs Deal for $1 Billion in Wake of CVC LaLiga Pact
Todd Boehly’s Takeover of Chelsea Soccer Club Approved by U.K. Government
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Recent Sports M&A News and Developments
RedBird Capital Agrees to Buy AC Milan in $1.3 Billion Deal - yahoo!sports - May 31st, 2022
RedBird Capital has reached an agreement to purchase AC Milan in a deal that values the Italian soccer club at $1.3 billion (€1.2 billion), according to someone familiar with the terms.
The team, which just won the Serie A title, has been owned by Florida-based Elliott Investment Management for the past four years. Elliott is staying on as a minority investor, the person said.
Barcelona Nears Goldman Sachs Deal for $1 Billion in Wake of CVC LaLiga Pact - yahoo!sports - May 25th, 2022
Spanish soccer giant Barcelona is negotiating an investment with Goldman Sachs to lower its debt and end its financial woes.
According to El Confidencial, a Spanish publication, the Catalan team is about to close a $1 billion deal with Goldman Sachs and All Sport Finance (ASF) in exchange for 30% of its broadcast revenues and a percentage of the future revenues from their new stadium complex, Espai Barça.
Billie Jean King Among Group Exploring Launch of New Women’s Pro Hockey League - Sports Illustrated - May 25th, 2022
North America’s top women’s hockey players are teaming up with former tennis star Billie Jean King and Los Angeles Dodgers chairman Mark Walter to explore launching a pro league within the next year, a person with direct knowledge of the agreement told The Associated Press on Tuesday night.
Report: NFL Owners 'Counting Votes' Against Commanders' Daniel Snyder - Bleacher Report - May 21st, 2022
As Washington Commanders owner Daniel Snyder finds himself embroiled in another scandal, this time the subject of a Federal Trade Commission (FTC) and Virginia attorney general investigation into potentially fraudulent bookkeeping, his fellow owners are reportedly getting fed up.
Among the accusations against Snyder and the organization in this latest investigation is that he had two separate accounting systems, with the potential goal of keeping some of the team's earnings out of the NFL's revenue-sharing system.
Alex Rodriguez invests in mixed martial arts company PFL at $500 million valuation - CNBC - May 19th, 2022
Alex Rodriguez is betting on the growth of mixed martial arts.
The former MLB star is now a partial owner of the Professional Fighters League after he contributed to a $30 million funding round, the company said Thursday. Rodriguez joined media investment firm Waverley Capital in the raise and will have a seat on PFL’s board of directors.
Major League Cricket grabs US$120m investment to aid US expansion - Sports Pro Media - May 19th, 2022
Investment will be used to build cricket-specific stadia and training centres
MLC plans to start playing in 2023
Major League Cricket (MLC), the US-based Twenty20 cricket competition, has completed a US$44 million Series A and A1 fundraising round, with an additional commitment of US$76 million over the next 12 months.
Report: Liga MX set for US$1.25bn Apollo investment - Sports Pro Media - May 17th, 2022
Deal would need clubs to pool their broadcast rights
Teams currently allowed to sell their own individual partnerships
Apollo reportedly offering to underwrite Liga MX broadcast rights, sponsorships and stadium financing
Private equity firm Apollo Global Management is looking to offer Liga MX an investment of around US$1.25 billion in exchange for a share of the Mexican soccer league’s international media revenue, according to Sportico.
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!
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