Owners Club Newsletter - June 24th
Red Bull 'considers' bid for Las Vegas NBA expansion team, Marc Lasry sports fund raises $445M, Liberty Global gains controlling interest in Formula E, Saudi Arabia Investment Fund to target boxing
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
Join the FanClub Community
FanClub is a GP co-invest private client platform and registered investment advisor (RIA) that provides out-of-the-box tools to connect the top General Partners (GPs) & Investment Managers in pro sports with a network of the world's most prestigious private investors seeking sports as the next frontier in alternative asset investing
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:
Red Bull ‘considers’ bid for Las Vegas-based NBA expansion team
Marc Lasry sports fund raises $445M as it pursues NWSL'S Angel City
Saudi Arabia’s next big sports target: boxing, with joint venture worth $5B
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
Deals
Recent Sports M&A News and Developments
Red Bull 'considers' bid for Las Vegas-based NBA expansion team-Sports Pro Media- June 21st
Red Bull is reportedly considering a bid for an expansion National Basketball Association (NBA) franchise, according to Bloomberg.
Although internal discussions are said to be at an early stage, Las Vegas is believed to be the favoured location of any team. However price could be a factor given an expansion franchise could cost more than US$4 billion. This would align with Forbes’ most recent valuations, when it pegged the average value for a NBA team to be US$3.85 billion.
Marc Lasry sports fund raises $445M as it pursues NWSL's Angel City - Sportico - June 13th
Former Milwaukee Bucks co-owner Marc Lasry has raised more than $445 million in his Avenue Sports Opportunities Fund, according to two documents filed with the Securities & Exchange this week.
Billionaire Lasry launched the fund in October to focus on “a wide variety of sports teams, leagues, owners, sports-related media and entertainment rights, sports-related real estate, facilities and other sports intellectual property-adjacent businesses,” the business stated in a March regulatory filing.
Liberty Global Gains Controlling Interest in Formula E After Buying Stake in Racing League From Warner Bros. Discovery- Yahoo Finance- June 13th
Liberty Global is buying a stake of Formula E from Warner Bros. Discovery, giving the media company controlling interest in the all-electric version of the motorsport.
A publicly traded company led by billionaire John Malone, Liberty Global announced Thursday it is in the process of acquiring WBD’s 25% equity in Formula E, which is in its 10th racing season. The deal means Liberty will own 65% of Formula E. The purchase price of the Warner shares isn’t disclosed, Variety‘s sibling brand Sportico reported.
Saudi Arabia’s Next Big Sports Target: Boxing, With Joint Venture Worth $5B - Front Office Sports- June 12th
Despite still being a long way from fully realizing a bold vision to unify men’s pro golf and top-flight tennis, Saudi Arabian officials are already locking in on their next big sports target: boxing.
The country’s Public Investment Fund—the key backer behind LIV Golf and also a potential merger between the ATP and WTA—is now in discussions with multiple entities in boxing on a possible joint venture to similarly bring greater cohesion to that sport, according to Reuters.
Jeffrey Lurie exploring sale of minority stake in Eagles, per report; this famous Philly celebrity interested - CBS Sports - June 7th
PHILADELPHIA -- Jeffrey Lurie is considering selling a minority stake in the Philadelphia Eagles, per a report by Bloomberg News. However, there's one condition: The buyer won't have an opportunity toward owning a controlling stake of the team.
Basically, the Lurie family will still be the majority owners of the Eagles -- no matter who joins the ownership group.
The Eagles will be valued at $7.5 billion for this move, according to Bloomberg, significantly more than the $194 million Lurie spent when he purchased the Eagles in 1994. Lurie, 72, oversees the franchise, but has been in a transition process of giving that title to his son, Julian. Julian Lurie currently holds the title of business and football operations strategy with the team.
New basketball league Unrivaled lands star-studded investor lineup, aims to pay highest average salary in women’s pro league sports - CNBC - May 30th
A new women’s basketball league has attracted a star-studded roster of investors from the media and sports world at a time when ratings and general interest in the WNBA and other professional women’s leagues is rising.
Unrivaled, the pro women’s basketball league founded last year by New York Liberty’s Breanna Stewart and Minnesota Lynx’s Napheesa Collier of the WNBA, said Thursday that it had closed on a seed funding round ahead of its January launch.
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!