Owners Club Newsletter - April 3rd
UFC x WWE, a $100M fund focused on women's sports and a new NBA CBA highlight this week's Owners Club Newsletter
Owners Club is FanClub Sports Capital’s newsletter and investment community. Every other week we breakdown the recent news in sports investment, M&A, and technology
Owners Club Podcast
Episode 3 of the Owners Club podcast is live! In Episode 3, FanClub Sports Capital Founder & CEO Dave Mirynech is joined by Brera Holdings Executive Chairman Dan McClory to discuss his background, ESG sports investing, and publicly traded multi-club ownership models.
Watch/listen to Episode 3 below and please make sure to subscribe and rate 5 stars!
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
FanClub Quick Links
1. How do I Start a Syndicate on FanClub? Apply to Start a Syndicate on FanClub
2. Invest on FanClub FAQ. Apply to Invest on FanClub
3. Follow us on social media
News & Highlights:
Sources: Nationals sale on pause through at least 2023 season
Sources: Josh Harris ‘Only’ Current Bidder With Chance to Acquire Commanders
Mumbai Indians acquire New York-based Major League Cricket franchise
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.
Instagram | Twitter | TikTok | Apple Podcasts | Spotify
Recent Sports M&A News and Developments
UFC owner Endeavor to acquire WWE in $9.3 billion deal - Axios - April 3rd, 2023
Endeavor, the sports and entertainment company led by Ari Emanuel, has acquired World Wrestling Entertainment in a deal valuing WWE $9.3 billion, the companies announced Monday.
Endeavor will combine WWE with Ultimate Fighting Championship (UFC), a mixed martial arts league that Endeavor took control of in 2016, creating a global fighting juggernaut, worth north of $20 billion.
Endeavor plans to spin out the combined company, which has yet to be named, on the public market. It is expected to trade under the moniker “TKO."
NBA, NBPA Reach Tentative Agreement on New 7-Year CBA - Front Office Sports - April 1st, 2023
The NBA and National Basketball Players Association announced early Saturday morning that a tentative agreement was reached on a new seven-year collective bargaining agreement.
The joint release didn’t specify any details on the deal that will require ratification by players and approval by team owners before it goes into place ahead of the 2023-24 season, the final season under the existing seven-year CBA.
Sources: Nationals sale on pause through at least 2023 season - SBJ - March 29th, 2023
The Nationals sales process has officially been paused, according to three sources with knowledge of the situation.
Though the Lerner family remains intent on a sale of the team, the auction process has been halted to not distract current team management and ownership from operating the franchise for the 2023 season.
Multiple sources said the expectation is for the sale process to resume in earnest following the conclusion of the season. The Nationals were first announced to be for sale in April of last year
Josh Harris ‘Only’ Current Bidder With Chance to Acquire Commanders - Front Office Sports - March 28th, 2023
Josh Harris’ group is the “only” serious contender currently in the mix to purchase the Washington Commanders.
Harris’ bid of nearly $6 billion is the only offer made so far that is backed with the financial resources needed to get through the NFL’s vetting process, a source with knowledge of the process told Front Office Sports.
The lone remaining x-factor is whether Jeff Bezos will enter the process. There have been no indications that the Amazon founder has made a bid for the Commanders.
Carry Introduces its Second Class of Golfers - The Golf Wire - March 28th, 2023
Carry, a sports fan engagement company that facilitates funding for up-and-coming professional golfers, introduced its second class of golfers earlier this month.
With this class, Carry is raising capital for the 10 pros via an SEC-registered public crowdfunding campaign from “Fan Investors” who love golf.
The minimum commitment is only $250, with higher-priced tiers for those who want more exclusive experiences and perks.
Monarch Collective launches $100M women’s sports fund - Sportico - March 27th, 2023
Angel City founder Kara Nortman and former Causeway partner Jasmine Robinson are launching a new fund to invest in professional women’s sports franchises and adjacent businesses.
The Monarch Collective is looking to raise $100 million for what it believes is the first private equity fund specifically backing women’s sports. The group’s early investors include Billie Jean King and former Netflix executive Cindy Holland.
Shaq, Durant, and Wade invest in Tiger Wood’s TMRW Sports - Sportico - March 21st, 2023
Shaquille O’Neal, Dwyane Wade, Kevin Durant and Rich Kleiman have invested in TMRW Sports, the latest prominent celebrities to back the platform launched last year by golfers Tiger Woods and Rory McIlroy.
Durant and Kleiman are participating through their fund, Thirty Five Ventures, while Wade and O’Neal are investing on their own. They’ve joined backers from a recent TMRW funding round, the company’s first for outside capital, which was comprised of more than 65 athletes, team owners, entrepreneurs and VC firms.
Mumbai Indians acquire New York-based Major League Cricket franchise - SportsPro Media - March 20th, 2023
Three Indian Premier League (IPL) franchises in the Mumbai Indians, Delhi Capitals and Chennai Super Kings have invested in various Major League Cricket (MLC) teams ahead of the debut of the US-based Twenty20 cricket competition.
Reliance Industries, which owns the Indians, are to establish a MLC team in New York, having bought sole ownership of the franchise. The Indians organisation already owns a team in South Africa’s SA20 competition and another outfit in the UAE-based International League T20 (ILT20). As well as investing overseas, Reliance also recently bought a Women’s Premier League (WPL) franchise under the Mumbai Indians banner.
DISCLAIMER
Investment Advisory Services, investment opportunities, and marketplace are offered through FanClub Sports Management LLC, a registered investment adviser.
The information contained herein is provided for informational and discussion purposes only and is not intended to be a recommendation for any investment, service, product, or other advice of any kind, and shall not constitute or imply an offer of any kind. Any investment opportunities and/or products or services shown here will only be completed pursuant to formal offering materials, a letter of intent, and/or any other agreements as determined by FanClub containing full details regarding risks, minimum investment, fees, and expenses of such transaction. The terms of any product, service, or particular investment opportunity, including size, costs, and other characteristics, are set forth in the applicable constituent documents for such product, service or particular investment opportunity and may differ materially from those presented in this presentation. Such terms are subject to change without notice.
Quotes included in these materials related to FanClub's services should not be construed in any way as an endorsement of FanClub's advice, analysis, or other service rendered to its clients.
Stay tuned for the latest FanClub deals and sports updates!