Owners Box: Club Member Newsletter - August 2nd
Barcelona continues to sell off assets, Lewis Hamilton joins Broncos' ownership group while Sue Bird joins Gotham of NWSL, Cincinatti ATP 1000 sells to Navarro
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:
7-Time F1 Champion Lewis Hamilton Joins Denver Broncos Ownership Group
Barcelona sell 24.5% stake in Barca Studios to Socios for US$100m
Sue Bird Joins Gotham FC as Minority Owner at Record $40M Valuation
Navarro to Take Control of Cincinnati Pro Tennis Events for Nearly $300M
Report: Chelsea’s new owners raise UK£800m of debt to overhaul operations
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Recent Sports M&A News and Developments
7-Time F1 Champion Lewis Hamilton Joins Denver Broncos Ownership Group - Bleacher Report - August 2nd, 2022
The Walton-Penner Family Ownership Group, which is in the final stages of purchasing the NFL's Denver Broncos, announced Tuesday seven-time Formula One champion Lewis Hamilton is joining the organization's incoming ownership team.
Barcelona sell 24.5% stake in Barca Studios to Socios for US$100m - Sports Pro Media - August 1st, 2022
Spanish soccer giants FC Barcelona have sold a 24.5 per cent stake in its Barca Studios production arm to blockchain specialist firm Socios for US$100 million.
The transaction is the third recent injection of capital into the club through the use of what are euphemistically described as ‘economic levers’ designed to improve Barca’s financial situation and help it sign players for the upcoming LaLiga season.
CVC to Receive $505M Loan for French Soccer Investment - Front Office Sports - July 28th, 2022
Private equity firm CVC Capital Partners will receive a loan of $505 million from HPS Investment Partners to facilitate its investment in French professional soccer, according to Bloomberg.
In March, CVC acquired a 13% stake in Ligue 1’s media rights business for $1.5 billion. The newly created commercial subsidiary will market both TV and online media rights for Ligue 1.
Sue Bird Joins Gotham FC as Minority Owner at Record $40M Valuation - Just Women’s Sports - July 28th, 2022
WNBA star Sue Bird is set to join NJ/NY Gotham FC’s ownership group. The retiring Seattle Storm legend is buying a minority stake in the NWSL club, Forbes reported Thursday.
Bird is joining Gotham FC’s ownership group alongside former NFL quarterback Eli Manning. While the financial terms of the agreements were not disclosed, Sportico reported that the franchise now is valued at an NWSL-record $40 million.
Navarro to Take Control of Cincinnati Pro Tennis Events for Nearly $300M - yahoo!sports - July 26th, 2022
Charleston businessman Ben Navarro has reached an agreement to acquire the Western & Southern Open ATP Tour event in Cincinnati, and the lease to the WTA Tour event in the same city, according to multiple people familiar with the deal.
Navarro, whose Beemok Sports already owns a WTA event in Charleston, has agreed to pay just under $300 million, according to one of the people, who was granted anonymity because the details are private.
Barcelona Sells Additional 15% Stake in Media Rights - Front Office Sports - July 22nd, 2022
FC Barcelona was not interested in La Liga’s agreement with CVC Capital Partners, but the team is doubling down on its own private equity deals.
Barca agreed to sell an additional 15% stake in its broadcasting rights to investment firm Sixth Street, boosting the company’s total stake to 25%.
The deal is reportedly worth around $327.4 million, bringing its total investment in Barca’s media rights to $539.7 million.
Sixth Street will hold its stake for 25 years.
The firm would rake in around $1.1 billion over that period based on the media rights’ current value, per ESPN, though the annual haul will fluctuate.
Report: Chelsea’s new owners raise UK£800m of debt to overhaul operations - Sports Pro Media - July 21st, 2022
Chelsea’s new owners are raising roughly UK£800 million (US$957 million) of debt as they bid to reshape the running of the English soccer giants, according to the Financial Times (FT).
The consortium led by US billionaire Todd Boehly completed its UK£4.25 billion (US$5.08 billion) takeover of the Premier League club at the end of May. The group is now looking to implement a financial plan to boost the Blues’ operations and update the Stamford Bridge stadium.
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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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