Finance & Law
GRID Esports seeks to build on US expansion with fresh funding
GRID Esports, a provider of data solutions for the esports and gaming industry, has secured $10m (€8.4m) in Series A funding as it seeks to continue its push into the US marketplace.
Jahm Najafi on global sports investment trends
In this week's episode, podcast co-hosts Eric Fisher and Chris Russo interview Jahm Najafi, chief executive of The Najafi Companies and vice chairman of the National Basketball Association's Phoenix Suns. Eric and Chris also discuss the recent deal in which venerable trading card entity The Topps Co. will become a public company, the continued growth of non-fungible tokens (NFTs), New York state enacting mobile sports betting, and the emergence of Genius Sports following its landmark agreement to acquire National Football League data rights.
NFL receives Genius Sports stock worth nearly $450m
League gains warrants for 22.5 million shares in addition to rights fees
DAZN IPO an option in ‘next few years’ but not a necessity, says Rushton
An initial public offering for DAZN Group will be considered in the “next few years”, but is not essential given the existing backing from owner Access Industries and the ongoing search for private inv…
US investors complete £40m Ipswich Town takeover
English League One club Ipswich Town has become the latest European team to be taken over by United States investors
NWSL, players start negotiations to establish league’s first CBA
The National Women’s Soccer League and NWSL Players Association have formally begun negotiations to secure the league's inaugural collective bargaining agreement.
Jump Trading makes strategic investment in fan token company Chiliz
Global trading firm Jump Trading has made a strategic investment in Chiliz, the company behind ‘fan tokens’ and the blockchain-based fan engagement and rewards platform Socios.com.
Manchester City posts £126m loss for 2019-20, expects profit in 2020-21
English Premier League football club Manchester City posted a net loss of £126m (€147m/$174m) for the 2019-20 season but expects to return to profitability in 2020-21 as the financial impact of Covid-19 be…
Topps set to go public in SPAC deal
Merger values venerable trading card company at $1.3bn
Round-Up: Beijing 2022 test event, Football Australia to launch media rights tender, Sun Yang hearing date set, and more
A Beijing 2022 Winter Olympics test event trialled having media conduct interviews with athletes in a 'mixed zone' in which they were in separate rooms and connected via video link - China News
Former AS Roma owner Pallotta keen to buy Premier League club
James Pallotta, the former AS Roma president, has openly expressed interest in buying a Premier League club
Mike Dee on the new brand and future plans of Audacy
In this week's episode of the SportBusiness Finance Weekly podcast, co-hosts Eric Fisher and Chris Russo interview Mike Dee, president of sports for Pennsylvania-based multiplatform audio company Audacy, which recently rebranded from its prior identity of Entercom. Eric and Chris also discuss Endeavor's revived efforts to go public, a major fundraising round for the developer of NBA Top Shot, and DraftKings' acquisition of the Vegas Sports Information Network (VSiN).
Chargers hit with intrafamily ownership dispute
Sister of NFL team's controlling owner petitions court for sale of equity stake
Genius Sports lands exclusive NFL data rights
League gets equity in London-based sports data and technology firm
Meadowlark Media lands $12.6m in Series A funding
Investors in Skipper-led entity include DraftKings, DAZN, Wasserman
SLT says it has no mass participation ambitions despite Racecheck acquisition
The Super League Triathlon series says its acquisition of Racecheck, the endurance race finder and review platform, does not signal an ambition to become a mass participation event organiser
Mets sign Lindor to MLB’s third-richest player deal ever
10-year, $341m contract further signals bold new era for Cohen-led club
Tonal secures $250m Series E funding round
Latest investment includes several high-profile pro athletes