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Abrams, Rees form Velocity Capital Management

Velocity Capital Management

Veteran sports industry executives David Abrams and Arne Rees have formed the investment firm Velocity Capital Management, which plans to invest up to $50m (€50m) in early-stage sports, media, and entertainment companies with enterprise values of up to $2bn.

Abrams most recently served as the chief investment officer at Harris Blitzer Sports & Entertainment, the managing company of the National Basketball Association’s Philadelphia 76ers and National Hockey League’s New Jersey Devils, among other properties.

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