PE Sports

Athletic Ventures, spearheaded by former AFL star Matt de Boer and basketballer Matthew Dellavedova, has embarked on raising $25 million for its first venture capital fund. The fund plans to support early-stage businesses, building on prior investments in companies such as GYG, Eucalyptus, and MGI. The Australian Financial Review https://lnkd.in/eZBRqzh3 #PE #PrivateEquity #PrivateEquitySports #PESports #SportsBiz #LinkedinSports

Giannis Antetokounmpo has launched BYL Ventures, a venture capital fund aimed at investments in sports, entertainment, and technology. The fund has already invested in Unrivaled, a new women’s 3-on-3 basketball league, marking an exciting development in the sports investment space. https://lnkd.in/eHgCR8ED #PE #PrivateEquity #PrivateEquitySports #PESports #SportsBiz #LinkedinSports

League One Volleyball secures $100 million in funding, led by Atwater Capital, with contributions from existing investors Ares Management Corporation and Left Lane Capital. LOVB's CEO Katlyn Gao highlights the league's vision of becoming "the NBA of volleyball," while Atwater Capital CEO Vania Schlogel emphasizes the potential for creating a thriving platform for female and youth athletes through this investment. Jason Clinkscales | Sportico https://lnkd.in/eBVwaYqs #PE #PrivateEquity #PrivateEquitySports #PESports #SportsBiz #LinkedinSports

Amidst Utah Hockey Club’s inaugural season, Arctos Partner Chad Hutchinson spoke with CNBC about Salt Lake City’s enthusiasm toward the NHL franchise following its relocation, the steps that Smith Entertainment Group took to make members of the franchise feel welcome on arrival, and how the city’s demand for ice hockey has translated to sellout crowds and strong fan engagement. ? Read the full article here: https://lnkd.in/d29CxYM2 ? #privateequity #sportsbusiness #NHL?

Las Vegas Raiders are undergoing a significant ownership shuffle. Silver Lake co-CEO and Endeavor Chairman Egon Durban, along with Michael Meldman, purchased a 7.5% share of the Raiders, while Durban faces challenges tied to divesting his interest in WME Sports due to potential NFL conflicts. These ownership moves aim to inject capital to support the team’s initiatives, including the $2 billion Allegiant Stadium project. The Big Lead https://lnkd.in/eaQcpEzH #PE #PrivateEquity #PrivateEquitySports #PESports #SportsBiz #LinkedinSports

Michael Jordan, former Chicago Bulls star and current owner of NASCAR's 23XI Racing, has joined Courtside Ventures, a sports-focused VC fund, in its fourth round of funding aiming to raise $100 million. Courtside Ventures has backed companies like The Athletic, The Drone Racing League, and Hammerhead. Reuters https://lnkd.in/eUkgSV8x #PE #PrivateEquity #PrivateEquitySports #PESports #SportsBiz #LinkedinSports

European courts may have just reshaped the soccer transfer market, which could significantly impact private equity investments in sports. With clubs like RedBird Capital Partners’ AC Milan reliant on transfer market profitability, the recent ruling could alter the landscape. Ian Giles, head of antitrust at Norton Rose Fulbright, offered insights on the potential changes ahead. Sam Hillier | Transacted https://lnkd.in/e66PVb6m #PE #PrivateEquity #PrivateEquitySports #PESports #SportsBiz #LinkedinSports

Spanish football club Valencia CF has reached an agreement to refinance its debt, with Goldman Sachs playing a leading role in the deal. The club and its advisers are now doing preliminary work to raise funds for the Mestalla stadium revamp, with a deal likely to launch next year. Exclusive w Thomas Gualtieri and edits by Rodrigo Orihuela and Carlos Caminada

National Football League (NFL) is now allowing private equity firms to invest in teams, following the example of Major League Baseball (MLB) and the National Basketball Association (NBA). With team valuations soaring, the initiative aims to create liquidity within the league during a time of significant growth. Christian Nunley | CNBC https://lnkd.in/ePgkncuR #PE #PrivateEquity #PrivateEquitySports #PESports #SportsBiz #LinkedinSports #NFL

George Gervin has joined forces with GameAbove Sports to acquire a 10% stake in Australia's Brisbane Bullets. The basketball community will be closely watching as the group positions the team for growth ahead of the 2032 Olympics. GameAbove Sports, following its success in acquiring a Big 3 franchise, continues to make moves in emerging leagues like the NBL. Eric Jackson | Sportico https://lnkd.in/eU7Qt9aM #PE #PrivateEquity #PrivateEquitySports #PESports #SportsBiz #LinkedinSports #NBL