Owners Club Newsletter - December 15th
Capitals/Wizards threaten move, PSG sells stake to Arctos Partners, Velocity Acquires Parella Motorsports Holdings, and EFL gives EPL new deal
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News & Highlights:
Original Six Dominate List of Most Valuable NHL Teams – With a Surprise at No. 1
Premier League clubs asked to pay ‘UK£44m’ to EFL as ‘New Deal’ remains elusive
Paris Saint-Germain owners sell minority stake to U.S. investment firm
Velocity Capital Management Acquires Parella Motorsports Holdings
Manchester United Stalled Sale Makes Fools of Most Smart Money
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Recent Sports M&A News and Developments
Original Six Dominate List of Most Valuable NHL Teams – With a Surprise at No. 1 - Front Office Sports - December 14th
The Toronto Maple Leafs have overtaken the top spot for individual NHL franchise values, at least by one important metric. A new list from Forbes estimates the Maple Leafs to be worth $2.8 billion, surpassing the $2.65 billion New York Rangers.
Toronto’s value increase (Forbes says it went up 40% year-over-year) comes thanks, in large part, to a stake sale completed last month by the team’s parent company, Maple Leaf Sports & Entertainment. The entity also owns the NBA’s Toronto Raptors, MLS’s Toronto FC, the Canadian Football League’s Toronto Argonauts, and Scotiabank Arena.
Premier League clubs asked to pay ‘UK£44m’ to EFL as ‘New Deal’ remains elusive - Sports Pro Media - December 13th
Premier League clubs were requested to make a collective up-front payment of UK£44 million (US$55.2 million) to English Football League (EFL) teams as part of the latest attempt to reach an agreement on the ‘New Deal for Football’, according to Sky News.
Club representatives were reportedly polled at a top-flight shareholder meeting on 12th December whether they would be willing to provide an immediate payment to the EFL as part of a wider package. The payment is said to be worth UK£44 million, which would be included within a six-year agreement valued at UK£875 million.
Wizards, Caps Heading To Virginia? - Front Office Sports - December 15th
The Washington Wizards and Capitals, both owned by Ted Leonsis’ Monumental Sports and Entertainment, have a framework in place for a deal to move to Virginia, but many questions and hurdles remain. Meanwhile, Washington, D.C., is still working to retain both teams as it tries to lure back the Commanders.
Paris Saint-Germain owners sell minority stake to U.S. investment firm- The Athletic - December 7th
Qatar Sports Investment (QSI) has sold a minority stake in Paris Saint-Germain to U.S. based private investment firm Arctos Partners.
Arctos is purchasing a 12.5 per cent stake of the Ligue 1 club in a move that would value PSG at around €4.25billion (£3.64bn, $4.58bn), according to sources close to the deal.
Velocity Capital Management Acquires Parella Motorsports Holdings, the Largest Grassroots Motorsports Racing Platform in North America - yahoo!finance - December 6th
Velocity Capital Management ("Velocity"), a private equity firm specializing in value-add investing in high growth companies across the sports, media, and entertainment ecosystem, today announced that its Velocity Opportunity Fund has acquired Parella Motorsports Holdings, the largest owner and operator of grassroots motorsports live events racing classifications across the U.S. and Canada. Terms of the transaction were not disclosed.
Manchester United Stalled Sale Makes Fools of Most Smart Money - Sportico - December 6th
More than a year after the Glazer family announced they were considering “all strategic alternatives” for Manchester United, the tantalizing possibility of a sale has left many shareholders disappointed—including billionaires like New York Mets owner Steve Cohen and wannabe NFL owner Ken Griffin.
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