Owners Box: Club Member Newsletter - November 16th
Green Bay Packers conduct a 6th stock offering, MLS sets private equity rules, and the UFC drives public market results for Endeavor....
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Highlights:
Packers Set To Sell Shares Of Team Stock For Sixth Time In History
Leonsis Sees Rise in Platform Business, Roll-Ups and Public Plays
UFC, Representation, Touring and Content Production Drives Solid Q3 Results for Endeavor
Socios.com Enters NFL and MLS via Trailblazing Partnership with Kraft Sports + Entertainment
FaZe Clan SPAC Deal Makes It the First Esports Franchise Unicorn
MLS Private Equity Rules Include $500M Floors, Voting Limits
Inside Overtime Elite, the start-up that’s disrupting the basketball world
NBA Star Kevin Durant Joins SPAC Game With Infinite Acquisition
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Recent Sports M&A News and Developments
Packers Set To Sell Shares Of Team Stock For Sixth Time In History - Forbes - November 16th, 2021
The Green Bay Packers will sell $90 million worth of stock in the team to the public with the hopes of funding improvements to Lambeau Field, marking the sixth time in the publicly owned team’s unique history that it has sold shares of the organization.
Leonsis Sees Rise in Platform Business, Roll-Ups and Public Plays - yahoo!sports - November 15th, 2021
Back in December 2019, Monumental Sports & Entertainment owner and CEO Ted Leonsis made the case, in this newsletter, that platform sports businesses were intrinsically undervalued. He argued that the sports enterprises drive value in the same way software companies with rich multiples do, and thus they should be valued in kind (think: 8-12x the top line vs. a lower multiple of EBITDA). Since that time, the pandemic pushed domestic team owners to reconsider their strategy (see: greater emphasis on personnel and operating efficiency); there has been an influx of private equity within the sports ecosystem; and club valuations have continued to rise.
UFC, Representation, Touring and Content Production Drives Solid Q3 Results for Endeavor - Variety - November 15th, 2021
Endeavor delivered solid third quarter results powered by the recovery of attendance and demand in the company’s key markets including UFC, its talent representation units and content production.
Socios.com Enters NFL and MLS via Trailblazing Partnership with Kraft Sports + Entertainment - New England Patriots - November 12th, 2021
Socios.com, the all-in-one influence and rewards app for sports fans across the world, today announced its first foray into the worlds of American football and soccer via a groundbreaking partnership with Kraft Sports + Entertainment's New England Patriots and New England Revolution.
MLS Private Equity Rules Include $500M Floors, Voting Limits - yahoo!sports - November 8th, 2021
Major League Soccer’s new rules around private equity ownership include restrictions on how much equity a fund can buy, how many clubs it can back, how many board seats it can hold, and how big the fund has to be.
Inside Overtime Elite, the start-up that’s disrupting the basketball world - The Athletic - November 5th, 2021
Armed with more than $100 million in funding raised from a group of investors that includes Amazon founder Jeff Bezos, the rapper Drake, Reddit co-founder Alexis Ohanian and more than 25 NBA players (Kevin Durant, Devin Booker, Trae Young and Klay Thompson among them), OTE signed 27 players aged 16-18 to professional contracts in a matter of months. They enticed them with an unprecedented offer: earn a minimum $100,000 annual salary, plus performance bonuses and company stock, while completing your high school diploma — or beginning college course work — at a top-notch academy housed in a first-class basketball facility. Their school, weight room, nutrition and recovery center, practice courts, gameday arena and, of course, digital content studio, are all in one place.
NBA Star Kevin Durant Joins SPAC Game With Infinite Acquisition - Bloomberg - November 3rd, 2021
Kevin Durant, a basketball star for the Brooklyn Nets, has joined the blank-check hall of fame. Infinite Acquisition Corp., a special purpose acquisition company, counts Durant and Rich Kleiman as co-chief executive officers, according to a filing with the U.S. Securities and Exchange Commission on Wednesday.
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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.
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